Jing Daily’s China Luxury Brief: September 30, 2013

Welcome to Jing Daily‘s China Luxury Brief: the day’s top news on the business of luxury and culture in China, all in one place. Check out today’s stories below:

The Mercedes-Benz S-Class at the 2013 Shanghai Auto Show. (3D Car Shows)

The Mercedes-Benz S-Class at the 2013 Shanghai Auto Show. (3D Car Shows)

— BUSINESS & FINANCE —

The route to the executive suite at top luxury brands is through Asia. A growing number of luxury brands’ Asia executives are rising to the chief executive post, at places like Coach, Givenchy, and Prada. It looks like these brands have their priorities straight. (FT)

Chinese investors find hot market in U.S. properties. Chinese buyers “are careful investors who do a tremendous amount of research, and the U.S. looks pretty good.” (NPR)

— FASHION — 

Lane Crawford gets ready to open its new Shanghai store. Exclusive niche labels are the company’s claim to mainland success. One Beijing customer prefers Lane Crawford because “he can shop for items by Magnanni, Alexander Wang and Jason Wu, which cannot be found anywhere else in Beijing.” (China Daily)

— LIFESTYLE —

Imported wine overshadows baijiu the China International Wine Fair. The Guizhou event featured a “high proportion of French and Italian producers” while “well-known baijiu exhibitors had to attract the attention of passing visitors by giving away free drink samples.” (The Drinks Business)

Mercedes-Benz gears up to launch S-Class in China. The company held huge celebrations this weekend, hoping to better compete with Audi and BMW. (3D Car Shows)

McLaren “betting on Chinese demand” to drive growth. The company opened three China dealerships this month with high hopes to compete with rivals Ferrari and Lamborghini. (FT)

Diageo announces plans to expand Johnnie Walker House beyond Asia, but it will still aim to attract Chinese travelers even in locations abroad. (Marketing Week)

More Chinese invest in luxury furniture. “Affluent Chinese consumers tend to focus on a more formal traditional style,” says the president of American luxury furniture label Baker. (China Daily)

China is becoming increasingly important to Portugal’s economy. Not surprising, considering Spain’s strong efforts to woo Chinese tourists and investors as well. “More recently, Chinese investors have taken advantage of a drop in prices of Portuguese real estate by buying luxury apartments in some of Lisbon’s best areas.” (Macau Hub)

Thailand working hard to cater to Chinese market segment. With many direct flights from China and the popularity gained from Lost in Thailand, the country is gaining steam as an increasingly important destination for Chinese tourists and real estate buyers. (Property Report)

China issues Maldives travel warning. One of the top 10 tourist destinations for China’s millionaires is embroiled in protests, prompting several governments including China to advise citizens not to visit. (Telegraph)

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