Replica Watches

China’s luxury goods demand and economy also developed rapidly, and have advanced to the world’s second largest consumer of luxury goods. the world’s largest luxury group – Louis Vuitton (LVMH) (LVMH.PA: Quote) Monday says that next year its watches and jewelry business in China will show a “very significant growth,” and is committed to enhancing its market share and expanding to three or four-tier cities.

Louis Vuitton watches and jewelry North Asia CEO Jean-Marc Lacave an interview with Reuters, said the global luxury goods industry, both experienced a downturn this year, but also at the same time to see fast recovery, while the Though the growth of the Chinese market slowing, but in the past few months have been apparent recovery.

“If you can maintain the current situation, and based on our past 4-5 months have seen, we can say that next year there will be a very significant growth.” Lacave said.

To develop third-tier cities

three years of work in North Asia Lacave frankly, North Asia business focus is to obtain the Chinese market potential, “This for us is very clear goal.” Louis Vuitton watches and jewelry now China has about 100 sales outlets, he declined to the point of sale for next year’s growth target, only saying that there are a lot of room for growth.

He said China’s luxury consumers a wide footprint, the rising demand for luxury goods, but these consumers are no longer confined to one of China’s second-tier cities, so the company plans to reach third-tier cities in order to meet local consumer demand, and be focused on China for a higher market share.

“extension not only in the second line, growth will be in three and four-wire … the consumer brand of contacts or less, but in addition the various aspects, including the spending power and so on Compared with Shanghai, and other. “Lacave said.

He pointed out that for Louis Vuitton is concerned, not only the Chinese market, Chinese visitors to the company itself is also an important source of tourists. “We are facing more and more Chinese customers from all corners of the world, shopping, All this affects the New York, Paris … I am not saying that we would deliberately build some products only to customers in China, but they do want luxury products and services have some contact with them. ”

Louis Vuitton watches and jewelry sales more than brands including TAG Heuer (Tag Heuer), Zenith (Zenith), Hublot, DeBeers and so on. in 2008, a regional delivery capacity, the Japanese market accounted for 12% in Asia outside Japan accounted for 16%.

In addition, the Louis Vuitton luxury watch retailer in China to hold – Hendry (3389.HK: Quote) is about 7.5% stake, while the other watches Group – Swatch Group (UHR.VX: Quote) is held by Hendry about 8.1% stake.

Louis Vuitton Hendry once again this year with the signing of a strategic cooperation agreement to empower the sole agent in China, which TAG Heuer (Tag Heuer), Zenith (Zenith) watches. Lacave, said Hendry continue to regard as a company’s key retail partners in China, and said, “or with people you know to work together better.”