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.
As growth in China slows, tapping post-recovery America is rising to the top of the fashion industry’s agenda.
Fast Retailing Co., Asia’s largest clothing retailer, forecast a 34 percent rise in net income after Uniqlo sales in Japan grew 14 percent and revenue came in higher than expected in the last fiscal year.
Imagine a Christmas shopping season with closed stores and customers stranded because cabs are nowhere in sight. For retailers of Fendi bags and Rolex watches in Hong Kong, pro-democracy protests wreak havoc during one of the busiest times of the year, the China National Day holidays known as Golden Week.
BoF compiles the most important professional moves of the week.
TOKYO, Japan — Fast Retailing Co., Asia’s biggest clothing retailer, fell the most in 10 months in Tokyo trading after lowering its annual profit forecast, citing higher costs and weak demand.
PARIS, France — Japanese casual wear chain Uniqlo opens its first store in Germany on Friday, as it accelerates expansion in Europe in a bid by its parent company Fast Retailing Co Ltd to become the world's top fashion retailer by 2020.
TOKYO, Japan — Fast Retailing Co., Asia’s biggest clothing retailer, cut its forecast for annual profit amid slowing demand for the company’s casual clothing in Japan.
HONG KONG, China — Uniqlo owner Fast Retailing Co Ltd climbed 7 percent in its Hong Kong trading debut — a listing aimed at raising its profile in China where it plans to expand aggressively as part of its bid to become the world's top clothing firm.
TOKYO, Japan — The Japanese owner of Uniqlo is in talks about a potential acquisition of J. Crew Group Inc., the U.S. retailer owned by TPG Capital and Leonard Green & Partners LP, two people with knowledge of the matter said.