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The China Edit | Price Drops, Burberry, LVMH, Macau

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.
Chanel store, Hong Kong | Source: Shutterstock
By
  • Kate Abnett

"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."

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