Posts tagged ‘Gucci’

06/05/2014

Fake Government Busted in China – China Real Time Report – WSJ

This must take top prize.

“China has seen its share of counterfeits, from fake Apple stores to fake reporters to fake Gucci. Now add fake government to that list.

State media recently reported that a “People’s Government of Dengzhou” set up in central Henan province was toppled after it was found, in fact, to be a fraud.

According to reports, the government was set up late last year by three residents who had gone so far as to counterfeit fake government seals and issue papers in the bogus government’s name. They also tried to build up their own “civil service,” sending out recruitment ads that attracted more than 10 applicants before the real government shut it down.

Apparently the trio wanted to independently annul their existing government on the basis of its “nonperformance.” They located the headquarters of their faux government adjacent to the real one.

This isn’t the first time Dengzhou has made headlines for unusual political news. Four years ago, government mouthpiece China Daily wrote a story about the city titled “Democracy takes root in rural areas.” It chronicled Dengzhou’s measures to involve more residents in the vetting of proposals relating to villages in the region, in what the publication called an “innovative experiment” that was also hailed at the time by then-Vice President Xi Jinping.

No one, evidently, thought the farmers would get quite so innovative.

In the end, the would-be bureaucrats were outed after they served a property developer a suspension notice and tried to levy penalties for illegal construction in the area. The developer got suspicious, and the trio were rounded up. They have been charged with the forging of government documents. Attempts to reach them for comment weren’t successful.

via Fake Government Busted in China – China Real Time Report – WSJ.

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28/02/2014

Made-in-USA Luxury Brands Win Fans in China – Businessweek

Corina Su would love to own a handbag or shoes from luxury brands such as Louis Vuitton (MC:FP) or Gucci (KER:FP). For now, Kate Spade (KATE), Michael Kors (KORS), or Coach (COH) will do. “We call these the ‘American trendy brands,’ ” says Su, a 25-year-old who works in advertising in Shanghai. She prefers Kate Spade’s bright colors and bold designs to the more muted styles offered by big European luxury houses that tout their heritage to justify charging more. “I might eventually buy an LV or Gucci bag,” Su says. “But it won’t be until I’m much older, I suspect.”

A Kate Spade handbag

As Chinese shoppers such as Su get better acquainted with American luxury brands, they’re discovering a designer wardrobe doesn’t have to cost months of pay. That’s helping U.S. labels that offer fashions with a foreign pedigree but price tags in the hundreds of dollars even as European luxury-goods makers raise prices for some bags to more than $4,000 to combat slowing growth. “The Chinese market is developing into a middle-class market, looking a bit less elitist and a bit more American,” says Luca Solca, an analyst at Exane BNP Paribas.

via Made-in-USA Luxury Brands Win Fans in China – Businessweek.

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