The China Edit is a weekly curation of the most important must-read fashion business news and analysis from and about the world’s largest luxury market.
The CFDA and Vogue announced today that Fashion’s Night Out is going on a “hiatus” in the United States. It was fun while it lasted, but like any overheated romance, it had to come to an end.
Gap to Buy Luxury Retailer Intermix (WSJ) “Gap Inc. is buying women’s fashion boutique Intermix Inc. for $130 million, a deal that will give the mostly casual-clothes retailer an opening to the all-important luxury market.” Is it time to invest in a little luxury? (Telegraph) “Luxury goods companies were the height of investment fashion in the spring, as their profits soared on demand from brand-hungry
Prada Skips German Department Stores Missing Luxury Boom (Bloomberg) “In a land known for its thrifty citizens, German department stores are missing out on a shift to luxury. Spending at the outlets, which date back as far as the 19th century, has fallen 3.9 percent since 2009 as the richest shoppers have sought designer gear at single-label stores, driving luxury expenditure up by 16 percent to 12.9 billion euros last
Tommy Hilfiger (WSJ) “With his boyish haircut and mischievous grin, it’s hard to believe that Tommy Hilfiger is about to receive the Geoffrey Beene lifetime achievement award from the Council of Fashion Designers of America.” Monetizing Mobile Requires More Than Just Waiting For Ad Dollars (Tech Crunch) “Mobile is exploding. Over 100 million people in the US have smartphones, consumers are spending over 60