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The China Edit | Gucci, Pricing, Hermès, New Look

The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Gucci store in Beijing | Photo: Flickr/paul-henri
By
  • Kate Abnett

"With Chinese Discounts, Gucci Turns the Page on Frida Giannini(Bloomberg)
"Gucci is offering discounts of as much as 50 percent in China as the Italian fashion house seeks to clear out merchandise designed by its former creative director, prompting lines of Chinese shoppers to form since sunrise."

"Op-Ed | Could Global Pricing Alignment Backfire?" (The Business of Fashion)
"Luxury brands like Chanel and Prada have been adjusting prices in response to the Chinese market, but currency volatility and political dynamics present a real risk, argues Philip Guarino."

"Hermès Birkin Handbag Sells for Record $223,000 in Hong Kong(Bloomberg)
"A Hermès Birkin crocodile bag in fuchsia sold for HK$1.72 million ($223,000) at Christie's International Plc in Hong Kong, smashing the previous auction record for a handbag."

"New Look to Ramp Up China Expansion Amid 'Appetite for British Fashion'" (The Guardian)
"New Look is to step up the pace of store openings in China under its new owner Brait, the investment company controlled by South African tycoon Christo Wiese."

"Wealthy Chinese Heading Abroad to Buy Diamonds Without Scrutiny" (Bloomberg)
"Chinese shoppers are increasingly traveling abroad to buy diamonds, at a time when ostentatious purchases are frowned upon at home."

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