Niche Italian luxury label, Piazza Sempione, hopes to compete with heavyweights such as Louis Vuitton and Burberry in China’s crowded luxury market.
The company plans to capitalize on changing consumer tastes: “There are a growing number of Chinese who want to buy expensive niche brands rather than purchase luxury labels consumed by a less sophisticated, more mass segment of Mainland shoppers,” according to the company’s chief executive officer Enrico Morra.
There’s been a lot of talk in Taiwan about the opening of California Pizza Kitchen. The buzz of a new restaurant is generally a common thing here; however, store closings are just as popular. Can CPK really ‘make it’ in the high-profile Taipei 101 area? They certainly have a lot to compete with. For starters, pizza delivery is extremely fast here in Taiwan via Pizza Hut and Domino’s fine-tuned processes. There are also plenty of casual dining and high-end restaurants in the area. The most notable successful competitor in the area that comes to mind would be Gordon Biersch. Rent is definitely extremely high in this central business district. Maybe this is the reason why Macaroni Grill moved out of the neighborhood. Chili’s, however, has been a mainstay for many years.
Everyone is talking about emerging markets these days and with all this talk we hear China come up a lot. However, David Rubenstein, a founding managing director of The Carlyle Group has made a good point. “If China, by the year 2035, is the biggest economy in the world, how much longer can you call it an emerging market?”
Coca-Cola’s plans to expand in China are a central part of its push to double revenues — and those of its bottlers — from almost $100bn (€67bn) now to $200bn over the next 10 years. Coca-Cola executives say they expect 60 percent of the new growth to come from China, India, and other emerging markets, with only 15 percent from developed markets.