Zhejiang-based Chinese shoe maker Aokang has announced plans to launch an initial public offering in Shanghai and issue 81 million shares in the Shanghai Stock Exchange.

To expand in the Chinese market, Italian fashion brand Sergio Rossi has announced plans to buy back five franchised stores in China from Kutu Trading, its cooperating partner in Shanghai.

One of China's leading women's shoe brands, Daphne, has established a partnership with the Taiwanese shoe maker Pou Chen Group to jointly develop the Chinese mainland and the global high-end women's shoe market.

Chinese sportswear brand Li Ning has announced plans to build a manufacturing and distribution base in Jingmen, Hubei province at a total total investment of CNY3.2 billion.

The French luxury brand Louis Vuitton has opened a new flagship store in the Dalian Times Square in Liaoning province.

Juicy Couture, the U.S. apparel brand, has opened its first independent specialty store in Shanghai in Grand Gateway.