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Zara not Prada to tempt emerging market shoppers
apparel Asia china consumer goods emerging markets europe fashion Inditex luxury LVMH Prada retail Richemont Roland Berger stocks Zara
Markets got a fright today when luxury goods maker Richemont reported stagnant Asian sales in the last three months of 2012. Richemont shares as well as those in its rivals such as LVMH (maker of Louis Vuitton handbags and Hennessy cognac) tanked after the news.
Like many of its peers in the west,[url=http://www.sport.fr/smartphones/moncler.asp]femmes moncler[/url], Richemont the maker of Cartier watches, looks to China to drive its growth as the United States and Europe face the stark prospect of stagnation.
But the fastest growing class of the world fastest growing economy will probably not be Cartierclad.
By 2030, emerging and developing economies will account for more than four fifths of the world middle class, as defined by consumers who spend between $10 and $100 a day, according to consultancy Roland Berger. Fashion, leisure and communication are likely to see growth rates of 30 percent in the next seven years, the report said. According to Bernd Brunke, a partner at Roland Berger:
In the next few years, we will see rapid population growth and a major improvement in the standard of living in emerging regions of the world the consumers in these countries will buy more and demand highquality products.
The report does predict a rise in demand for branded products across the developing world. However Roland Berger defines the middle class as those of relatively modest means, meaning their budgets will probably not stretch to designer clobber.
For example, it says the top selling brands in oilrich Saudi Arabia are highstreet names Mothercare, Next and Zara not the sorts of brands owned by Richemont or Prada.
Inditex, the maker of Zara, said last month it would step up expansion in China where it already has almost 350 stores. It launched the Zara brand online in China last September.

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only in July this year, our country will achieve four successful launches, "monthly star" launch speed and efficiency to break a record,[link widoczny dla zalogowanych], firing interval and between ninth pieces of "Beidou navigation satellite" and "the practice of No. eleven 02 star" less than 58 hours, also created the shortest emission interval short records.
it is understood, the second half of the year in China will continue to launch high strength ", which Tiangong-1" and "Shenzhou eight" will be the main, and the upcoming launch of the "oceanic two" satellite on the sea surface wind field, wave field, gravity field,[link widoczny dla zalogowanych], ocean circulation and sea surface temperature a comprehensive observation. The remote sensing satellite cooperation is known as the "canonical" south south high-tech cooperation, this year will launch "China Brazil Earth Resources Satellite 02C star" will be used to collect land use,[link widoczny dla zalogowanych], water resources investigation,[link widoczny dla zalogowanych], exploration, city planning and other information. The first satellite in China "civil stereo mapping resources No. three" also will be the year emission,[link widoczny dla zalogowanych], the star after launch,[link widoczny dla zalogowanych], on orbit at 506 km altitude orbit sun synchronous round, can cover to realize seamless image area within 84 degrees latitude north and south of the earth, every 59 days to China territory and a a secondary image worldwide coverage, special circumstances in 5 days on the same site revisits the shooting, at the same time stereoscopic observation the star system can detect 1: 50000 scale topographic map,[link widoczny dla zalogowanych], to provide services for land resources,[link widoczny dla zalogowanych], agriculture,[link widoczny dla zalogowanych], forestry and other fields,[link widoczny dla zalogowanych], fill the blank of China stereo mapping field. (reporter Cai Wenqing)
high-profile "Tiangong-1" target aircraft to launch. Reporter learned from the departments concerned, the current "Ocean two" satellite is expected to be in the mid to late 8 launch,[link widoczny dla zalogowanych], and "three", "China Brazil Earth Resources Satellite 02C star" and other satellites in the year will also be launched, the year is expected to launch the spacecraft and satellite total will reach more than 20 stars, is a space launch "high".
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The World Health Organization’s safety guideline is 25 micrograms.
As for the larger PM10, its concentration kept growing overnight and hit about 500 micrograms at 4pm, triple the nation’s 150 microgram limit and 10 times the density considered safe by WHO of 50 micrograms.

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April 29, 2010,[link widoczny dla zalogowanych], the Yunnan provincial development and Reform Commission and the civil aviation of Southwest Bureau held in Mengzi Honghe airport pre feasibility report of examination,[link widoczny dla zalogowanych], consistent through the pre feasibility study report.
Honghe Hani and Yi Autonomous Prefecture adjacent to Vietnam, near the Southeast Asia, with Jinshui River Estuary, two national first-class ports,[link widoczny dla zalogowanych], in an important channel of Yunnan to the Vietnam and Southeast Asia, is an important hub of Yunnan connects the Pacific Ocean, Southeast asia.
Liu Yiping said,[link widoczny dla zalogowanych], high-speed Kunming to the Red River Estuary of the highway, the Red River Bridge opened to traffic, Yuxi - Mengzi, Mengzi - Hekou railway engineering to speed up the progress, and the red river section of Yun Gui railway started and Honghe airport construction,[link widoczny dla zalogowanych], at the appointed time,[link widoczny dla zalogowanych], Honghe will be at the forefront of regional cooperation China and Southeast Asian countries and an important channel for regional. (end) (reporter Shi Guanglin)
reporter today from the Yunnan Province Honghe Hani and Yi Autonomous Prefecture Government was informed that the preparatory work,[link widoczny dla zalogowanych], Honghe airport construction has officially entered the project approval stage, is expected by the end of this year to start construction.
Honghe airport construction since 1999 May since the start,[link widoczny dla zalogowanych], lasted for more than 10 years, has experienced from the new to the civil use,[link widoczny dla zalogowanych], and then to the new, and finally to the tortuous process for civil use. In 2009 December and early 2010, the Military Commission and the General Administration of civil aviation of Chinese air force have been approved to be site selection in the Mengzi County,[link widoczny dla zalogowanych], Honghe Guo Xi cun.
Honghe Liu Yiping Secretary of the committee said,[link widoczny dla zalogowanych], at present, great progress has been made in the preliminary work, one of the branch line airport project has been included in the national development and Reform Commission and the General Administration of civil aviation of China national "eleven five" 21 building. Honghe airport is expected to invest 2000000000 yuan,[link widoczny dla zalogowanych], covers an area of 5000 acres.
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This is the carrier's first long-distance training voyage since it was commissioned in the PLA navy last year.
The carrier completed its first comprehensive combat training during the mission and performed a formation drill with other Chinese ships and submarines in the battle group, another first for the Chinese navy, the statement said.