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.
"Op-Ed | Price Drops Alone Won't Boost Luxury Sales in China" (The Business of Fashion)
"Chanel's move to unify its global pricing is a step forwards, but doesn't tackle the real reasons many Chinese shoppers prefer to buy overseas, says Avery Booker."
"Burberry Sales Advance as Americas Compensate for Hong Kong Fall" (Bloomberg)
"Burberry Group Plc said second-half sales gained 10 percent as growth in the Americas made up for for a decline in Hong Kong."
"LVMH is Cannibalising Itself in China" (Business Insider)
"Although LVMH reported a huge 16% rise in revenue for the first quarter revenue of 2015, climbing to €8.3 billion, China is shaving away at its margins."
"Macau Luxury Fair Cancelled 'Because of China Corruption Probe'" (BBC News)
"In a message posted on the Europe Asian show's website, event manager Vincci Tung apologised to exhibitors and visitors for cancelling the event because of the 'recent political crisis in China' - its fight against corruption."
"JD.com Sets Up Cross-Border Service in Challenge to Alibaba" (Reuters)
"JD.com Inc, China's No. 2 e-commerce player, on Wednesday launched its JD Worldwide cross-border online shopping platform, a challenger to Alibaba's Tmall Global service."
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.