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.
"Chinese Regulator Vows Share Support after Markets Tumble 8.5 Percent in a Day" (Reuters)
"China said on Monday it was prepared to buy shares to stabilise the stock market and avert "systemic risks", after major indices plunged more than 8 percent in the biggest one-day fall since 2007."
"LVMH Sales not Tarnished by Chinese Turmoil" (The Financial Times)
"Turmoil in Greek and Chinese markets did not deter the world's wealthiest from dipping into their pocketbooks. Or, for that matter, from purchasing a new one."
"Italy Luxury Stocks Targeted by Short Sellers on Asia Pessimism" (Bloomberg)
"Traders who bet on declining stock prices are targeting Italian luxury-goods companies, a sign that some investors expect disappointing earnings next month."
"Gucci, Burberry Demand Lower Hong Kong Rents as Market Wilts" (Bloomberg)
"Luxury companies including Kering SA are demanding lower Hong Kong store rents to reflect the island city's waning appeal with wealthy Chinese shoppers."
"Taylor Swift 1989 Chinese clothing Line Risks Tiananmen Square Row" (The Guardian)
"Singer announces plans to launch merchandise for upcoming 1989 live tour – a date censored by Chinese authorities since 4 June massacre."
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.