Will $100 Wine Glasses Sell in China?(1)

It was just a matter of time: With fine wine selling fast in Asia, glassware maker Riedel is planning to expand aggressively in China.

The Austrian company, which has eight franchised stores in the mainland, expects to nearly double that count to 15 by the end of 2011. After that, it plans to expand at a rate of 30 stores annually. If all goes according to plan, by 2015, more than 120 Riedel franchises will operate in China’s 25 largest cities.

[1] [2]