"Our customers in China are younger than other markets because the millennials who are big consumers of luxury and fashion and craftsmanship products now spend more time and entertain at home.

"Therefore, how they decorate and design their home is very important, and we have the best brands to make that happen," Lalonde added.

According to Lalonde, the Chinese market in the high-end luxury design furniture segment is still small, accounting for about five percent of the total world market while in luxury fashion it occupies nearly 35 to 40 percent.