It is understood that the first line of brand gathering in Guangzhou is at China World Hotel. However, in early 2004, after the opening of Libai Plaza on the East Ring Road, the world's top brands, led by LV, moved collectively. Instead, GUCCI chose to withdraw from Guangzhou and later did not come in again.

It is understood that as early as 2006, Zhongyi fashion also intended to introduce GUCCI.

"Many international top brands have quite strict requirements for franchised stores," he said, who was in charge of Zhongyi fashion investment promotion. "At that time, Zhongyi fashion couldn't meet their needs."

Since then, a number of shopping malls have also discussed with GUCCI, but all have nothing to do with it.

The lack of high-end commercial property is an important factor in the scale of Guangzhou's luxury market.

However, this situation is expected to change in recent years.

China's luxury market research report predicts that by 2015, China's total consumption of luxury goods will account for 29% of the world's total.

Huang Wenjie, executive director of Guangdong provincial Circulation Industry Association, pointed out that the Post Asian Games also have practical effects on Guangzhou's high-end commercial development.

Guangzhou economic and Trade Commission also said that next, we will strengthen the investment promotion of high-end trade carriers, and introduce more international first-line brands to Guangzhou.