China's elite have become too savvy for Louis Vuitton, which has exploded in popularity in the middle class. "I don't see anybody carrying a Gucci or Louis Vuitton bag," Sara Jane Ho, the founder ...

And the best way to do this? With a Louis Vuitton bag, Omega watches and a bottle of Met. The result is an extraordinary boom in the big luxury brands in China. The Chinese spent $4bn-$5bn on ...