The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Singapore’s retailers, already facing growing regional competition, are under the biggest pressure since the Asian financial crisis.
Trend forecasting agency WGSN Group will launch a new website that unites its capabilities with those of its rival Stylesight, which it acquired last November, as part of a £50 million initiative to drive growth and expand its global reach.
Permira Advisers LLP is in talks with advisers about a potential sale of its remaining stake in German fashion house Hugo Boss AG seven years after taking control, according to three people with knowledge of the matter.
BoF compiles the most important professional moves of the week.
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
The Savigny Luxury Index fell a further 3.8 percent this month. The outlook for the luxury goods sector darkened as disappointing results from industry leader LVMH showed how the strong euro and political protests in Hong Kong were curbing spending and hitting profits.
In the year and a half since its opening, The Broken Arm in Paris has become a magnet for the same mix of industry creatives that frequent influential concept stores like Colette thanks to its focused, personal buys, popular in-house café and a local-global outlook that gives the store a “double rhythm.”
The $1.6 billion company, which operates e-commerce sites for designer brands including Armani and Moncler, is poised to boost sales by about 75 percent over the next three years.