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Audio – Might Chinese sporting Gucci sunglasses buy Toll Brothers houses?
Toll Brothers Chief Executive Robert Toll is seeing a link between Chinese people wearing Gucci sunglasses and a business opportunity. And that’s one reason he is about to send a team to scout out possible homebuilding joint ventures in China’s first and second-tier cities, Toll said at the Reuters Global Real Estate summit.
China’s a solid prospect for Toll because its expanding and aspiring middle class has already encountered the company, which bills itself as “America’s luxury homebuilder,” on the Internet, he said.