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.
BEIJING, China — Chinese news reports say the founder of an online luxury retailer has been charged with smuggling goods into China by having travellers pretend they were personal belongings.
The news reports Monday said Ji Wenhong of xiu.com was extradited from Indonesia to face charges of smuggling goods worth a total of 438 million yuan ($65.5 million) into China while failing to report their true value.
The reports said Ji was accused of buying designer clothing from Europe and the United States and having it shipped to Hong Kong. They said the company then arranged for travellers to carry it to the mainland in their baggage.
The company, under siege from Arkhouse Management Co. and Brigade Capital Management, doesn’t need the activists when it can be its own, writes Andrea Felsted.
As the German sportswear giant taps surging demand for its Samba and Gazelle sneakers, it’s also taking steps to spread its bets ahead of peak interest.
A profitable, multi-trillion dollar fashion industry populated with brands that generate minimal economic and environmental waste is within our reach, argues Lawrence Lenihan.
RFID technology has made self-checkout far more efficient than traditional scanning kiosks at retailers like Zara and Uniqlo, but the industry at large hesitates to fully embrace the innovation over concerns of theft and customer engagement.