Female Fashion Addicts Change China’s $19 Billion Market

Louis Vuitton in Shanghai | Source: Flickr

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.

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Burberry Sales Exceed Analysts’ Estimates as Digital Outperforms

Burberry Spring/Summer 2014 campaign | Source: Burberry

LONDON, United Kingdom — Burberry Group Plc, the U.K.’s largest luxury-goods maker, reported quarterly revenue that exceeded estimates as increased marketing spending helped attract shoppers over the holiday period.

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Market Pulse | Giving Thanks?

Savigny Luxury Index November 2013 | Source: Savigny Partners

Investors are moving away from bigger groups towards smaller brands and American “affordable luxury.” Meanwhile, the jury is still out as to whether the crucial trading period from Thanksgiving to Christmas will deliver strong results, but sentiment remains positive, reports Pierre Mallevays of Savigny Partners.

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The China Edit | Top Luxury Brands Lose Lustre, Burberry’s Trademark, Exception de Mixmind, David Tang

Exception de Mixmind Spring 09 | Source: Exception de Mixmind

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.

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Making Sense of Burberry’s Big News

Imran Amed reflects on the surprise news that Angela Ahrendts is leaving her role as Burberry’s chief executive to take up the position of senior vice president of retail and online stores at Apple and will be replaced by Christopher Bailey, who is set to take on the dual title of chief creative and chief executive officer.

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Angela Ahrendts to Leave Burberry for Apple, Christopher Bailey to Be CEO

Angela Ahrendts | Photo: Michael Hemy for BoF

Angela Ahrendts is set to exit her role as the company’s chief executive in mid-2014 to join Apple. In an unusual move, Christopher Bailey will replace Ahrendts, taking on the dual title of chief creative and chief executive officer.

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