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.
"Alibaba Goes Global to Top $5.7 Billion on Singles' Day" (Bloomberg)
"Alibaba Group Holding Ltd. turned an obscure Chinese holiday into the country's biggest shopping event. Now it's aiming to take the success of Singles' Day global by tapping foreign brands, including Calvin Klein and Blue Nile Inc."
"Is China Ready for Luxury Fashion?" (Yale Insights)
"Chris Cabot '97, the president of Value Retail China, talked with Yale Insights about how he expanded his company's luxury outlet shopping villages into China. The first step to doing business in China, he says, is to assume you know nothing."
"Thibault Villet: China's Jack Ma for Online Luxury Retailing" (Institutional Investor)
"Alibaba executive chairman Jack Ma may be king of hill when it comes to selling mass merchandise online in China, but French businessman Thibault Villet is the man to talk to when it comes to designer goods."
"Fosun Takes Italian Suitmaker Caruso to New York on Way to China" (Bloomberg)
"Raffaele Caruso SpA, an Italian suitmaker backed by China's Fosun International Ltd., yesterday opened its first store, in New York, the initial step in a plan to create a global retail network for the luxury tailor."
"Sung-Joo Kim on Rebuilding MCM" (The Business of Fashion)
"BoF sits down with MCM's Sung-Joo Kim to talk about wooing the Chinese customer, building the brand beyond its logo and going West."
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.