Ermenegildo Zegna, a leading multinational in men's luxury clothing and one of the oldest business families in Italy, has located its first Chinese mainland global concept store at Lippo Plaza, Luwan district, Shanghai.

Japanese retail giant Takashimaya and Gubei Group, a subsidiary of China Enterprise, have jointly announced that Takashimaya will open a new department store in Gubei, Shanghai.

China Merchants Bank has opened a branch at 535 Madison Avenue, New York, N.Y. — the first branch opened by a Chinese banking institution since the adoption of Foreign Bank Supervision Enhancement Act of 1991.

The international cosmetics retailer Sephora will open a store in Hong Kong on September 26, 2008, marking its formal entry into the SAR.

To further target the gold-collar market in China and to consolidate the successful development of its brand, Jimmy Choo plans to open its first Beijing specialty store in April 2008.