The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
"Louis Vuitton Is Now a 'Brand for Secretaries' in China" (Business Insider) "China's elite are turning their noses up at Louis Vuitton, as the brand explodes in popularity with the middle class."
"Marks and Spencer Asia Head Quits Amid China Revamp" (The Financial Times) "Marks and Spencer's head of Asia has quit just as the high street retailer sets out plans to expand in China."
"Alibaba and Amazon Face Rivals in Cross-border E-commerce Race" (Reuters) "A Chinese government push to promote e-commerce has created a host of online retail rivals for Alibaba Group Holding Ltd and Amazon.com Inc catering to shoppers' fears about the quality and safety of local everyday goods."
"For Chinese Retailers, the Year of the Sheep Has So Far Been Baaaa Humbug" (The Wall Street Journal) "Growth in spending on tourism, shopping and transport over China's weeklong Lunar New Year holiday decelerated compared with past years."
"Alibaba's Jack Ma Says Company Complied With Taiwan Regulations" (Bloomberg) "Alibaba Group Holding Ltd. Chairman Jack Ma, whose company was told to leave Taiwan within six months over alleged investment violations, said the e-commerce giant followed local laws when it entered the market."
The French beauty giant’s two latest deals are part of a wider M&A push by global players to capture a larger slice of the China market, targeting buzzy high-end brands that offer products with distinctive Chinese elements.
Post-Covid spend by US tourists in Europe has surged past 2019 levels. Chinese travellers, by contrast, have largely favoured domestic and regional destinations like Hong Kong, Singapore and Japan.
While travel to Europe remains muted, Chinese shoppers are flocking to Singapore, Thailand and other Southeast Asian destinations where fashion retailers are hoping Lunar New Year marketing investments will pay off.
Local fashion designers experimenting with puffers and other down clothing have scored collaborations with outerwear companies like Moncler and attracted the attention of prominent international retailers like H.Lorenzo.