Elaine Kurtenbach: Makers of Luxury Goods Focusing on China

From the AP, via the Washington Post:

To meet soaring demand for Asia’s newly affluent, venerable names such as Prada and Giorgio Armani are setting up stores as quickly as they can _ and even considering making some of their products here.

“China is certainly the most prominent and most important market we have in front of us,” Paolo Fontanelli, chief financial officer for Giorgio Armani SpA, told a conference on luxury brands held Thursday in Shanghai.

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