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October 20, 2005
Haute Chinese?
U.S. and European apparel makers who are already perturbed over the increasing flow of Chinese textiles into their markets may have another China threat on the horizon: luxury goods. That’s right, the up-and-coming Asian giant is now showing an interest in high fashion.
Shanghai Fashion Week opens next week and for the first time the show will host a forum on the management of luxury brands. While a high-profile luxury market may be a bit far off for Chinese makers, the country’s strong cultural influence and lower production costs could make for some interesting competition.
Posted by Blacks on October 20, 2005 10:16 PM
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