HONG KONG, China — Wealthy Chinese are likely to buy fewer luxury goods again this year after the steepest cut-back on spending in at least five years, changing the game for high-end retailers like Louis Vuitton which have staked their growth on China.
Thirty-five of the fifty designers showing this week in Paris have made the trek from foreign countries to present their work at a menswear showcase with an incredible mix of cultures and labels. BoF reports.
BERLIN, Germany — Consumer concerns about poor working conditions in Asian factories and toxic chemicals used in fabric production are driving interest in ethical fashion, helping it start to appeal to a broader market.
PARIS, France — Luxury-goods makers need to better differentiate their products and the way they sell them or risk being left behind, according to consultant Bain & Co.
LONDON, United Kingdom — Asos Plc, the U.K.’s largest Internet-only clothing retailer, reported slowing sales growth as the weakness of the Australian dollar stunted gains in one of the company’s main international markets.