Selcitra

Experts predict that by 2020 China’s middle class could expand to more than 500 million. market growth predictions are tantalizing, with China’s luxury goods market expected to grow by 20 per cent a year till 2008, then slows down to 10 per cent till 2015.

many luxury goods firms look forward to good times. LVMH is expected to add two to four stores a year to its 100 that already operate in China. Giorgio Armani intends to set up 20 to 30 stores by 2008, when Saks Fifth Avenue will also open a store in Shanghai. Siebu, controlled by Dickson Concepts (International) Limited, is opening a five-floor 140,000-sque-foot department store in Chengdu later this year. High-profile tenants will include. Louis Vuitton, Dior, Tod’s and Michael Kors, whose presence in second-tier cities reflects their confidence in the growing Chinese market.