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.
"Anti-Counterfeiting Group Suspends Alibaba's Membership" (Reuters)
"The International Anti-Counterfeiting Coalition statement follows a report that the group's president, Robert Barchiesi, had stock in Alibaba."
"China's Production, Investment, Retail Sales All Disappoint in April" (CNBC)
"China's investment, factory output and retail sales all grew more slowly than expected in April, adding to doubts about whether the world's second-largest economy is stabilising."
"China Goes Cold on Platinum Jewellery, Crimping World Demand" (Reuters)
"China's penchant for luxury platinum jewellery is fading despite lower global prices, leaving world demand for the metal exposed to sharper decline."
"Burberry, Cartier Set Standard in Lagging Chinese E-Commerce Adaptation" (Luxury Daily)
"Digital is still only a small part of China's luxury market, comprising just 5 percent in 2015. Still, its growth rate was triple the overall market."
"China Sports Brands Get a Second Wind" (Bloomberg Gadfly)
"Nike and Adidas, take note. China's sportswear makers are in their best shape for some time."
Chinese e-commerce giants Alibaba and JD.com have faced increasing competition in recent years from low-cost platforms, such as PDD Holding’s Pinduoduo and ByteDance-owned Douyin.
With consumers tightening their belts in China, the battle between global fast fashion brands and local high street giants has intensified.
Investors are bracing for a steep slowdown in luxury sales when luxury companies report their first quarter results, reflecting lacklustre Chinese demand.
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.