investment bank in the Arab

as chairman of Shang Xia once he passes on the group reins to louis vuitton computer caseHermes family member Axel Dumas, 43, in February next year. In spite of the recent slowdown in China's economic expansion, Hermes is not alone in backing the growth potential of Chinese labels. Last year, French luxury and sports group Kering, formerly known as PPR (PRTP.PA), bought Chinese jewelry brand Qeelin, known for its animal-shaped motifs and co-founded by Frenchman Guillaume Brochard, Jiang's husband. Swiss luxury group Richemont (CFR.VX) owns Chinese fashion brand Shanghai Tang, and L'Oreal, which already owns cosmetics brand Yue Sai,

last month paid $840 million to add face mask specialist Magic Holdings to its Chinese portfolio. had to wait a long time to get their Nokia Amber update, but it's at last on the way. The carrier tells customers in its Community Forums that the louis vuitton leather bagupgrade should reach their handsets starting tomorrow, October 10th. Much like the many preceding rollouts, AT&T's Amber release should add a slew of camera tools, double-tap to unlock and other extras that have been shipping with more recent devices. As long as you can resist the siren's call of shiny new hardware in the days ahead, you'll likely be happy with the new software Hermes has spent on average more than 10 million euros ($13.3 million) a year on Shang Xia since its inception in 2008. Today, the brand makes less than 10 million euros in annual sales and aims to break even in the next two to three years, Jiang said.

Shang Xia, which means up and down, plans to move its first shop, which opened in Shanghai in 2010, to bigger premises next year. It has also had a boutique in Beijing since 2012, but for now it has no plans for further expansion. "We want to grow slowly," Jiang told journalists. regional listing and base of operations," concluded El-Guindy. --Ends-- About EFG Hermes Established in 1984, EFG Hermes is the leading investment bank in the Arab world. The Firm specializes in Securities Brokerage, Investment Banking, Asset Management, Private Equity and Research. EFG Hermes is listed on both the Egyptian and London stock ex "It took me years to find the artisans with the right know-how," Jiang said, adding  hermes bearnthat she roamed China, her designers in tow, from workshop to workshop, and had a whole team dedicated to finding craftsmen. "The challenge for me will be widening my workforce and fin