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January 19, 2006
Saks In Shanghai Surprise
Saks Fifth Avenue is reportedly forging a deal to license a store in Shanghai. The move would represent yet another effort by a high-end retailer to capture part of Asia’s growing market for luxury goods.
In addition to China, retailers are looking to locations like Singapore and Hong Kong. Louis Vuitton recently opened a flagship store in Hong Kong, with the hope of luring Chinese customers as well.
Posted by Blacks on January 19, 2006 09:40 AM
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