As China’s consumer revolution advances, there are still a slew of misconceptions about shoppers in the world’s largest luxury market.
As global fast fashion giants arrive in Brazil, the market heats up. BoF reports.
Divia Harilela sits down with Jean-Marc Loubier, chief executive of First Heritage Brands, an investment arm of the Fung Group which owns Robert Clergerie, Delvaux and Sonia Rykiel, to talk about his global investment strategy.
Uniqlo has reached saturation in Japan and is now focusing almost all of its investment overseas, where it plans to open more than 400 stores in the next few years, with the aim to drive ¥3 trillion in international sales by the end of 2020. To reach this target it may also need to make a major overseas acquisition. JapanConsuming reports.
As fashion’s centre of gravity moves steadily south and east, driven by the changing global distribution of both wealth and fashion creativity, Paris’ monopoly on the dazzling couture trade is being challenged by a handful of new overseas events with their own ideas about couture.
BEIJING, China — Lisa Yan is the new face of the Chinese luxury consumer: female and fashion-forward. The 26-year-old finance saleswoman checks social media daily to see what celebrities or friends are wearing. She wears Burberry coats, alternates between a light blue Valentino bag and a black Dolce & Gabbana one for work, and reads magazines such as Vogue.