Top 50 Eats in Asia
The Bangkok-based restaurant Gaggan, which puts a modern spin on classic Indian dishes in a bid to bridge the gap between eastern and western fare, topped this year’s S. Pellegrino and Acqua Panna’s list of the 50 best restaurants in Asia, unveiled Monday night in Singapore. The fine dining of Tokyo’s Narisawa, which is rooted in providing dishes with the fresh Japanese ingredients and menus that evoke a strong connection to nature, followed in second place while Paul Pairet’s experimental comfort food at Shanghai’s Ultraviolet came in at third. Also in Tokyo, Nihonryori RyuGin followed in fourth place and the reinterpreted Southern French food at Restaurant André in Singapore landed […]
China’s luxe market is shrinking
It’s shinking, diversifying and buying elsewhere, says Bain & Company. China’s luxury market shrank last year, a global consultancy said, attributing the decline to a national anti-corruption campaign, slowing economic growth and changing consumer tastes. Sales of luxury goods in mainland China fell`1% to 115 billion yuan ($18.5 billion) in 2014 compared to a year earlier, Bain & Company said. The consulting firm, which has been surveying the market since 2000, said it was the first time the industry had contracted. China has become an ever more important destination for luxury goods manufacturers as the ranks of its wealthy have been swelled by a decades-long boom. Swiss giant Richemont, the […]