|Lancome cosmetics are seen for sale at a department store in China. [File photo]|
From Mitsukoshi Department store in Tokyo to Harrods in London, store owners have new favorite customers, the Chinese. Chinese customers and their fascination and appetite for luxury good is legendary. Over 30 years of economic growth has afforded them more dispensable income and they are willing to spend more to improve quality of life. Chinese people love to travel overseas and they rarely come home empty-handed. Here are top 10 luxury brands favored by Chinese customers.
Lancome is a French luxury perfumes and cosmetics house. Owned by L'Oréal since 1964, it is part of L'Oréal's Luxury Products division, which offers skincare products, fragrances, and make-up at higher-end prices. Founded in 1935 by Armand Petitjean in France, Petitjean's motive was simple: to create a beauty brand that would deliver French elegance around the world. The name “Lancome” was inspired by the ruins of a castle, Le Chateau de Lancosme.