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  1. CIC considers buying into global luxury goods firms

    Posted Mar 16th 2009, 12:00am by Staff Reporter

    ... Tim LeeMaster China Investment Corp, the US$200 billion fund set up by Beijing, is looking for ways to invest in the wounded luxury goods sector as some of the world's most famous ... include convertible bonds. Based on the current market capitalisations of the five largest luxury goods companies, such a stake would be valued between US$788 million and US$3.1 billion. Failing ...

    http://www.scmp.com/article/673460/cic-considers-buying-global-luxury-goods-firms
  2. China, where luxury brands are in

    Posted Mar 05th 2011, 12:00am by Celine Sun

    ... Celine Sun in Beijing China's middle-class consumers are more interested in luxury goods and cars than those in Britain, the United States, Germany and Singapore, a survey on upmarket ... Tiffany. 'Luxury brands [in China] rank highly in the study and more than in any other markets we surveyed,' said Oliver Cartwright, regional managing director of Clear Asia. In China, ...

    http://www.scmp.com/article/739916/china-where-luxury-brands-are
  3. Mercedes enjoys 67pc rise in sales as demand for luxury cars returns

    Posted Sep 29th 2010, 12:00am by Staff Reporter

    ... Neil Gough Mercedes-Benz is riding the post-financial crisis rebound in demand for luxury cars in Hong Kong and Macau, with sales up 67 per cent in the first eight months to almost 3,000 ... Weidner said yesterday. 'Now we're seeing a good development, where people are focusing again on quality and related factors,' he said. Mercedes-Benz Hong Kong, a unit of Daimler ...

    http://www.scmp.com/article/726128/mercedes-enjoys-67pc-rise-sales-demand-luxury-cars-returns
  4. Turmoil keeps luxury train to Tibet in sidings

    Posted Mar 16th 2009, 12:00am by Toh Han Shih

    ... In December 2003, when Tangula Group presented its proposal for a luxury train business to Premier Wen Jiabao, he said the project was 'good for China' and volunteered to be the first ... Toh Han Shih The mainland's first luxury train service, Tangula Luxury Trains, has postponed the launch of its service to Tibet and Yunnan province from April to spring next year, ...

    http://www.scmp.com/article/673464/turmoil-keeps-luxury-train-tibet-sidings
  5. High-flyer plots China rollout for luxury Phantom

    Posted Aug 01st 2003, 12:00am by Denise Tsang

    ... IRONICALLY, FOR A man who earns his living extolling the virtues of the luxury Rolls-Royce brand, Colin Kelly spends more time on aircraft than cars. Mr Kelly, Asia-Pacific regional ... of Sars. He is also blazing a trail for the luxury sedan in Beijing, Shanghai and Guangzhou. The Phantom, manufactured at Goodwood, south of London, is the first new model since Germany's BMW ...

    http://www.scmp.com/article/423451/high-flyer-plots-china-rollout-luxury-phantom
  6. Locals get taste for luxury

    Posted Nov 17th 2004, 12:00am by Staff Reporter

    ... Ernest Kong Local tenants are increasingly interested in renting luxury homes, a sector previously dominated by expatriates. Some real estate agents and landlords said this was because more local flat owners, seeing a bullish market, had sold their luxury flats at a good profit and were renting similar high-end units. Developer Sino Land claimed that 30 per cent of its local ...

    http://www.scmp.com/article/478422/locals-get-taste-luxury
  7. Greed is not good for US corporate titan

    Posted Dec 13th 2010, 12:00am by Howard Winn

    ... to epitomise 'the greed is good' culture that many associated with Wall Street in the 1980s and was immortalised first in a book, Barbarians at the Gate, and then a film. Kravis was a poster ... in the billions, with at least four luxury homes. Together with his wife, economist Marie-Josee Drouin, he's a prominent figure on New York's social scene. His wife is an influential figure ...

    http://www.scmp.com/article/733285/greed-not-good-us-corporate-titan
  8. Sun moon and stars

    Posted May 14th 2004, 12:00am by Staff Reporter

    ... Reports by Tsang Shuk-wa TO DESCRIBE PATEK Philippe as a luxury brand is an understatement. It likes to be known as a prestige brand. The claim is hard to challenge, given that the brand ... 'China imposes a 13.2 per cent import tax and a 16 per cent value-added tax on imported goods,' said Alan Lau, managing director of Patek Philippe's Hong Kong subsidiary, Libertas. ...

    http://www.scmp.com/article/455575/sun-moon-and-stars
  9. More complain of 'rubbish flats' at luxury project

    Posted Jan 22nd 2011, 12:00am by Peggy Sito

    ... and wanted to expand its presence in Hong Kong's luxury market. 'Many years ago, they planned to redevelop their two properties at numbers 15 and 17 Magazine Gap Road,' he said. ...

    http://www.scmp.com/article/736377/more-complain-rubbish-flats-luxury-project
  10. There's a price to pay for life of luxury

    Posted May 20th 2010, 12:00am by Kenneth Ko

    ... Kenneth Ko The tide has turned in the luxury residential leasing sector. Landlords have become less flexible in negotiations due to increasing demand from local and expatriate tenants ... to set up operations in Hong Kong. This has boosted leasing interest in both office and luxury residential leasing markets,' he says. 'Landlords are raising their asking rents ...

    http://www.scmp.com/article/714800/theres-price-pay-life-luxury

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