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's Fashion Business Billionaires" (The Business of Fashion)
"About 20 percent of China's 200 or so billionaires can thank the fashion business for at least part of their fortunes. But how did these fascinating characters get to the top?"
"China Leads the Way for Shopping Malls" (The Financial Times)
"The mainland shopping mall market continues to boom, despite China's economic slowdown and the woes of the property market."
"Guo Pei: Pop Star Rihanna's Fashion Designer of Choice" (BBC News)
"Chinese fashion design has only recently come of age and, until now, none of its home grown stars had made the leap to becoming an international household name."
"Pedder Group, Kurt Geiger Tapping Asia Footwear Growth" (The Business of Fashion)
"Incumbents and new entrants alike are seizing the opportunity in Asia's growing footwear market."
"Baidu to Invest $3.2 Billion in Online-To-Offline Services within Three Years" (Reuters)
"China's Internet search engine Baidu Inc said on Tuesday it would invest 20 billion yuan ($3.22 billion) over the next three years on online-to-offline services."
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.
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.