Christian Louboutin Brings Jolie’s Shoes to Beijing

(Updates with comment from analyst in fourth paragraph.)
Nov. 2 (Bloomberg) -- Christian Louboutin, the French shoemaker that counts Angelina Jolie among its customers, plans to open stores in China and India as rising incomes buoy luxury spending in Asia’s two fastest-growing major economies.
A Beijing stores opened in July, and the second will start in Shanghai until 2011, founder and designer Christian Louboutin said in an interview in Hong Kong. Luxurious shoemaker, produces its ep-red - soled footwear in Italy, can run as many as five stores in China in the next three years and may expand in Brazil, he said.
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"China can still be regarded as a kind of new market, also make sure the Brazilian is an emerging countries," said Louboutin 29 interview in Hong Kong. The company will concentrate in Asia and Brazil in the next three years, in India, in 2012 outlets, he said.
Christian Louboutin join other luxury goods makers to expand in China planning due to economic growth is slowing in the us and Europe market. Spa, an Italian, ferragamo shoes supply, shoemaker, Jennifer lopez open, because there are eight new store next year in this country.
‘Some Danger’
"There are some dangerous this brand, because it is not very famous in China," James Roy, a shanghai-based China senior analyst market research organization says said in a phone interview today. "Have a room, especially in ultra-high end, but Shanghai and Beijing might not be the best choice" because wealthy consumers in those cities often shop abroad, he said.
Second-tier cities such as shenyang and dalian provide more growth, because "very wealthy people still have not necessarily buy luxury abroad," said Roy, he estimates that Chinese luxury consumption, not including the yacht and car will reach $90 billion this year, below $8 billion in 2009.
Per capita net income rose 11% in the first quarter of this year, shenyang and dalian in liaoning province, by contrast, is located in Shanghai, Beijing, 8.6 percent 10% according to the state statistical bureau and bloomberg calculation.
Rounded toe
A pair of Christian Louboutin over - the - slander boots sell for $2,495 in external marcus group company website that asp.net - a Porter. Com, the brand's knees and sell boots for 706 pounds ($1,133).
The cobbler design depends on the suitable for this market entry, Louboutin said. "Asian people don't like very high heels and pointy shoes" always put the customer, his toes circle in the Middle East prefer baba shoe, he said.
"Fabric more popular in France, where women linen cloth shoes, but not in China," he said. "in China, when shoes is expensive, they expect more leather."
Louboutin says he plans to keep making his shoes in Italy and has no plans to begin production in Asia.
"I'm crazy quality," he said. "I don't want to triple production in a year. If you do too much production, you will lose part quality."
Keeping production in Europe will probably help market the brand in China, said China Market Research Group’s Roy.
Christian Louboutin will open 12 stores next year, including two in China, one in Brazil and two in the Middle East, he said. The company plans two new stores each in Japan and the U.S. and three in Italy.
--With assistance from Susan Li and Hope Ngo in Hong Kong. Editors: Frank Longid, Tan Hwee Ann