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.
"China Economic Growth Slowest in 25 Years" (BBC News)
"China's economy grew by 6.9 percent in 2015, compared with 7.3 percent a year earlier, marking its slowest growth in a quarter of a century."
"Slump in Hong Kong, Macau Hits Burberry Christmas Sales" (Bloomberg)
"Burberry Group Plc reported Christmas revenue that trailed its own forecast, hurt by a slump in demand in Hong Kong and Macau."
"Missing Chinese Billionaire Zhou Chengjian Returns to Work" (CNBC)
"The billionaire founder of one of China's most famous fashion brands has returned to work a week after his company said he had gone missing, the latest in a series of entrepreneurs and financiers apparently embroiled in Beijing's anti-corruption campaign."
"China Hits Bumps on Road to an Internationalised Yuan" (Bloomberg)
"China's latest measures to shore up its currency and plug an outflow of capital risk setting back the long-held goal for an internationalised yuan."
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"China's Baidu Says in Talks to Invest in Indian E-Commerce Start-Ups" (Reuters)
"Baidu Inc is in talks to invest in Indian e-commerce start-ups including Zomato, BookMyShow and BigBasket, a spokesman for China's top online search provider said on Wednesday."
"China Gets $37 Billion Closer to Taking the U.S.'s Tech Crown" (Bloomberg)
"Venture capitalists poured a record $37 billion into China startups last year, more than double the previous year's tally, as the country emerges as a legitimate challenger to the U.S. for leadership of the technology industry."
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.