Op-Ed | Alibaba’s Catch-22

A Gucci wallet of unverified origin listed on Taobao | Source: Taobao

Stuck in a ‘catch-22’ in its relationship with luxury brands, Chinese e-commerce juggernaut Alibaba should take a page from Google, maximising revenue in the short term, while buying critical time to build enduring relationships with Western brands, argue Brian Buchwald and Joshua Neckes.

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Prada First-Half Sales Growth Slowest in 3 Years on Weak Asia, Europe Demand

Prada store in Dalian, China | Source: Shutterstock

Prada SpA, the Milan-based luxury handbag maker, posted the slowest half-yearly sales growth in three years as demand weakens in some Asian countries and in Europe amid economic and political uncertainties.

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LVMH Results Send Chill Across Luxury Goods Sector

Christian Dior, the luxury goods group, is the main holding company of LVMH | Source: Reuters

The outlook for the luxury goods industry darkened on Friday as poor results from industry leader LVMH showed how the strong euro and political protests in Hong Kong were major factors curbing spending by Chinese and Russian customers.

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Ferragamo CEO Sees Improved Growth Outlook, Upbeat On China

Shopping at Salvatore Ferragamo | Source: Reuters

MILAN, Italy — Italian luxury leather goods maker Salvatore Ferragamo expects group results to improve in the second half of 2014 from the first six months on the back of strong demand in China and in global travel retail, its chief executive said on Sunday.

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