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.
"Vogue China Editor: Luxury Brands Don't Get Chinese Consumer" (CNN)
"In the months before Vogue China launched in 2005, there were many skeptics, people who said it would fail because China's nascent luxury market was not ready for a world-class glossy magazine -- consumers there were just not sophisticated enough. But where some saw a problem, Angelica Cheung, Vogue China's editor-in-chief since 2005, saw an opportunity"
"Let a Thousand Shopping Malls Boom" (Forbes)
"Over half of all the world's shopping center space under construction is situated in Chinese cities. It's because China's rising middle class is starved of entertainment options and sick of air pollution."
"Fashion Made in China: Fine For Everyone But The Chinese" (Yahoo News)
"It has been called fashion's dirty little secret but according to Miuccia Prada, soon everybody will be doing it. Made-in-China's just fine with Prada's supremo and a host of other influential industry figures. But for Chinese companies and designers seeking to become global style players, producing high-end clothing on home soil is complicated."
"In China, The Modern Shopping Mall Is Topped With An Urban Farm, Not With Cars" (Fast Company)
"It's part of a new self-sufficient neighborhood where cars could become a thing of the past. In a new retail development under construction in Wuhan, China, typical mall stores like H&M and Zara will be topped with an urban farm. The reinvented mall is part of a large new neighborhood designed to be as sustainable as possible."
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.