News
Kering to Take Stake in Chinese Fashion Group Icicle, Betting on Its Global Growth
2+ day, 30+ min ago (383+ words) (Yicai) April 17 -- Kering plans to invest in Icicle Carven China France, betting on the Chinese fashion group's global expansion and push into new product categories, while sharpening the French luxury group's foothold in China's premium fashion market. Kering will take…...
Luxury Department Store SKP to Headline New Record-Breaking Guangzhou Racecourse Project
1+ mon, 2+ week ago (259+ words) (Yicai) March 3 -- Chinese high-end fashion department store SKP will anchor a new mixed-use commercial center on the Zhujiang New Town Racecourse site, which was recently purchased by property developer Yuexiu Group for the highest average price per square meter in…...
Audi Becomes Third German Luxury Car Giant to Reshuffle Top China Execs This Year
1+ mon, 2+ week ago (296+ words) (Yicai) March 2 -- German luxury car giant Audi has followed peers BMW Group and Mercedes-Benz in shaking up its core management team in China this year. Daniel Weissland will become general sales manager of Audi's China joint venture with state-owned carmaker…...
BMW's China Price Cuts Fail to Translate Into Markedly Cheaper Showroom Deals
3+ mon, 5+ day ago (477+ words) (Yicai) Jan. 13 --BMW cut the guide prices for 31 of the German carmaker's models in China at the start of this year, though Yicai found that the reductions have done little to push down the prices buyers actually pay at dealerships....
Rolex Opens First Resale Store in Chinese Mainland
3+ mon, 6+ day ago (511+ words) (Yicai) Jan. 12 -- Rolex, the luxury Swiss watchmaker best known for its Submariner timepieces, has opened its first resale store in the Chinese mainland, a move that is expected to help standardize the local secondary market for Rolex watches and lift…...
Germany's MAHLE Balances ICE, Electric Car Businesses to Expand Powertrain Portfolio
4+ mon, 1+ week ago (675+ words) (Yicai) Dec. 10 --MAHLE has expanded its powertrain portfolio to include solutions for electric vehiclesas well as internal combustion engine cars, according to Philipp Grosse Kleimann, Member of the MAHLE Management Committeeand head of the Lifecycle and Mobility business unit. "We…...
Shanghai Aid-Funded Factory Could Make Xinjiang's Shache a Global Lab-Grown Diamond Powerhouse
7+ mon, 4+ week ago (403+ words) (Yicai) Aug. 19 -- Shanghai has helped a local jewelry company open China's largest lab-grown diamond factory using the high-clarity chemical vapor deposition method in the Xinjiang Uygur Autonomous Region, aiming to make it one of the world's leading hubs for man-made…...