China's Growing Appetite for Luxury Brands in Fashion, Cars and Jewelry
OmniaLuo, Inc., Coach Inc., BMW Group, Audi AG and the Swatch Group Ltd Satisfy Demands of Growing Numbers of New High- End Consumers In China.
PR9.NET March 26, 2008 - POINT ROBERTS, Wash., Delta B.C., - China-AsiaStocks.com, an investor and industry portal China-Asia sector within Investorideas.com, reports on China's growing appetite for luxury goods from fashion, to cars, to jewelry and how both China's domestic and established well-known foreign brands are meeting the increasing demands. With a rising number of millionaires and a growing middle class, China is poised to become the second biggest consumer of luxury goods by 2015.
Coach Inc. (News, Market), BMW Group (News, Market), Audi AG, the luxury carmaker owned by Volkswagen (News, Market, the Swatch Group Ltd (News, Market) and OmniaLuo, Inc. (OTCBB: OLOU http://ir.omnialuoinc.com ), are just a few of the brands that are succeeding based on understanding China's consumer needs. Hyundai (News, Market) is refurbishing its brand image to a new luxury car to increase market share and appeal to the consumer's desire for high-end brands.
The fashion industry in China is changing rapidly, as Chinese consumers want to make purchases that reflect their new-found success and social status.
China's International Clothing and Accessories Fair "CHIC 2008," held in Beijing March 28 - 31, 2008 is attracting some of the best in the fashion industry. OmniaLuo, Inc. (OTCBB: OLOU http://ir.omnialuoinc.com ), a domestic China-based company that designs, markets and distributes the luxury women's apparel brand " OMNIALUO," will be exhibiting at CHIC 2008 as part of it growth and expansion strategy.
As China builds dominance as both a manufacturer and a consumer of luxury goods, companies that know both sides of the market have a higher chance to succeed and grow market share. In terms of growth opportunities for luxury brands, it has only just begun.
To read full report: click here: http://www.investorideas.com/Articles/032608a.asp
About China- Asia Showcase Company, OmniaLuo, Inc. (OTCBB: OLOU):
OmniaLuo, Inc. (http://ir.omnialuoinc.com)
Investors can also visit the Company Showcase on Investorideas.com at:
The Company's Media Presentation can be viewed at: http://www.investorideas.com/CO/OLOU/ss/default.asp
Full News Release: http://www.investorideas.com/Companies/ViewDocument.asp?ID=5348
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Source: Investorideas.com, China-AsiaStocks.com, OmniaLuo, Inc
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