Global Luxury Brands Abandon Chinese Partners (Business China) “In addition to taking direct control of stores in China, luxury brands are hoping to boost profits by tailoring new product lines to the meet local consumer tastes, and moving their manufacturing bases to China or other Asian countries with low labor costs.” The Four Species of Wealthy Consumers (WSJ) “A doctoral student and two professors have been
Wanted: Guy Shoppers for Fashion Sites (WSJ) “Online fashion shopping sites like Gilt Groupe and Rue La La have been a hit with women since launching over the last three years. A new push to get men to shop in these web boutiques is proving more difficult.” Foreign luxury companies take note: Chinese consumers favour CSR (FT) “A new study points to a more powerful tool: promoting corporate social responsibility.
China’s textile firms may face bankruptcy on yuan appreciation (Xinhuanet) “Half of China’s textile firms may risk going bankrupt if the value of the Chinese currency yuan rises 5 percent against the U.S. dollar given the industry’s thin profit margins.” French Court Kicks Google/LVMH Case Back To Appeals (WSJ) “The French Supreme Court Tuesday referred a previous ruling against Internet search
Liberty appoints advisers to review the business (Drapers) “Liberty has confirmed it is set to appoint advisers to lead a review of the business, which could lead to a sale of the iconic London department store.” LVMH, Chanel Force EU to Modify Draft Law on Internet Sales (Bloomberg) “Luxury goods makers LVMH Moet Hennessy Louis Vuitton SA and Chanel SA may win more control over how Web-based retailers sell their
PARIS, France - Just a few weeks ago I met Qiu Hao in Shanghai I am thrilled to announce that tonight in Paris he has been awarded the Woolmark Prize, worth €100,000. The award is is famous for anointing both Karl Lagerfeld and Yves Saint Laurent in 1954 and this year it has been resurrected by Australian Wool Innovation, which recently acquired the Woolmark brand. Said Mr Craig Welsh, CEO of AWI, “We see the Woolmark Prize