www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Bulgari targets local shoppers with boutiques

(Agencies) Updated: 2016-02-29 07:45

Bulgari targets local shoppers with boutiques

A model wears Bulgari's rings, neck-lace and earrings at a launch in Taipei.CHINA DAILY

Bulgari is investing more than ever in China, aiming to tap in to the growing reluctance of Chinese shoppers to buy abroad due to security fears, stricter customs checks and a devaluation of its currency.

The world's third-largest watch and jewelry brand, part of luxury goods powerhouse LVMH, plans to open two boutiques in the Chinese mainland this year, Bulgari's CEO said, on top of three last year.

"If you see there is a potential swing with more mainland and less travel proportion, it's one more reason to speed up your mainland investments," Bulgari Chief Executive Jean-Christophe Babin told Reuters.

China's economy grew 6.9 percent last year, its slowest rate in 25 years, putting a damper on Chinese sales of everything from food to trips abroad. These foreign visits have often been a launch pad for purchases of luxury items, since they would avoid the hefty taxes levied in China.

But Babin said some Chinese consumers have become nervous about traveling to Europe and other places, due to the November attacks in Paris, where 130 people were killed.

"If we sell fewer watches to Chinese when they travel-Paris obviously because people are a bit scared-we see conversely a strong increase in our business in the Chinese mainland."

The shift to domestic purchases is also being fueled by the depreciation of the Chinese currency, which makes it more expensive to buy abroad, as well as stepped-up checks by Chinese customs on purchases made abroad.

Chinese tourists returning from overseas trips are becoming subject to stricter-than-ever customs controls on what they bring back, Babin said, adding that watches are subject to a 30 percent levy plus a penalty that is a multiple of that for anyone caught not declaring the purchase.

"People are quite scared to buy a $10,000 watch in Hong Kong, Zurich or Tokyo and eventually have to pay twice as much as they originally paid," Babin said.

Bulgari, with annual sales estimated between 1.5 and 2 billion euros, is No 3 behind Richemont's Cartier and Tiffany.

"More than ever, it makes a lot of sense for Bulgari to invest in China," said Babin.

Chinese consumers, whether shopping at home or abroad, make up more than 30 percent of sales of Swiss watches, and are notorious lovers of luxury goods in general. Babin declined to give specific sales figures for its divisions, which also include leather goods and hotels.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 91国内精品久久久久影院优播 | www.av在线免费观看 | a级午夜毛片免费一区二区 a级性生活视频 | 京东一热本色道久久爱 | 免费看一级欧美毛片视频 | 日韩影院久久 | 偷看各类wc女厕嘘在线观看 | 免费国产成人高清视频网站 | 欧洲亚洲综合一区二区三区 | 怡红院老首页主页入口 | 成年人午夜免费视频 | 2020国产精品 | 丝袜黄色片 | 国产精品女上位在线观看 | 秀人网私拍福利视频在线 | 亚洲精品理论 | 国产成人影院在线观看 | 亚洲精品欧洲久久婷婷99 | 深夜成人性视频免费看 | 男女扒开双腿猛进入免费网站 | 加勒比日本| 中文在线日韩 | 国产欧美精品综合一区 | 国产高清一国产免费软件 | 国产高颜值露脸在线观看 | 国产成人狂喷潮在线观看2345 | 成人毛片在线观看 | a级毛片毛片免费观看久潮喷 | 普通话对白国产精品一级毛片 | 亚洲综合射 | 亚洲 欧美 国产 中文 | 国产偷国产偷亚洲高清在线 | 日本一级看片免费播放 | 精品厕拍| 亚洲综合干 | 欧美日韩视频一区二区在线观看 | 狠狠色综合色综合网站久久 | 9久久99久久久精品齐齐综合色圆 | 亚色网址 | 天堂视频在线免费观看 | 亚洲免费成人 |