Louis Vuitton watches and jewelry, president of North Asia,cheap nike free, Jean-Marc Lacave interview with Reuters, said the global luxury goods industry experienced a downturn this year only,nike australia, but also to see fast recovery, despite a growth in the Chinese market place slow, but in the past few months have been apparent recovery. P>

"If you can maintain the current situation, and based on the past 4-5 months we have seen,nike high heels, we can say that next year there will be a very significant growth." Lacave said. P>

According to the World Luxury Association, the latest survey, the total consumption of luxury goods from China in January this year, 86 billion to 94 billion U.S. dollars, the global share of 27.5%; The association estimates that 2015, the Chinese luxury goods market will account for 32% of the world, surpassing Japan as the worlds largest consumer of luxury goods. P>

However, the U.S. consulting firm Bain study released in mid-October report, the global luxury goods market is expected to shrink this year will be up,jordan heels for women, and next year growth will be weak,nike free 2012, because the market is expected only in the next few months of slight signs of recovery. P>

first nine months of this year, involved the reduction of distributor inventory, Louis Vuitton watches and jewelry business annual turnover down 19%, the total turnover was about 4.5%. P>

to develop third-tier cities P>

in North Asia for three years of Lacave frankly, North Asia business focus is the potential for the Chinese market, "which for us is very clear goal. " Louis Vuitton watches and jewelry in China currently has about 100 sales points, he declined to the point of sale for next years growth target,dunk sb heels, saying only that there are a lot of room for growth. P>

He said Chinas luxury consumers a wide footprint, the rising demand for luxury goods, and these consumers are no longer confined to Chinas second-tier cities, so the company plans to reach three-wire City to meet local consumer demand, and focus in China for a higher market share. P>

"not only in the second expansion, growth will be in three and four-wire ... the consumer brand of contact or less, but the addition of various aspects, including the spending power and so can be Compared with Shanghai and other. "Lacave said. P>

He pointed out that Louis Vuitton is concerned, not only the Chinese market,nike heels, Chinese tourists is also the companys important source. "We are facing more and more Chinese customers shop different parts of the world,nike heels sale, which are in effect in New York, Paris ... I am not saying that we would deliberately create some products only for Chinese customers, but they do want a luxury in products and services have some contact with them. " P>

Louis Vuitton sold more watches and jewelry brands, including TAG Heuer,cheap jordan heels, Zenith, Hublot, DeBeers, etc. In 2008,discount jordan heels, a regional delivery calculation, the Japanese market accounted for 12% in Asia outside Japan accounted for 16%. P>

In addition, holders of Louis Vuitton luxury watch retailer in China - Hendry about 7.5% stake, while the other watches Group - Swatch Group holds about 8.1% stake in Hendry. P>

Louis Vuitton Hendry once again this year and signed a strategic cooperation agreement,air jordan high heels, which authorized exclusive agent in China TAG Heuer, Zenith watches. Lacave said Hendry for the company to continue as an important retail partner in China,dunk heels, and said, "and you know or work with people better." P>

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