BEIJING, China —Chinese landlords are forgoing rent and paying to outfit stores for mass-market fashion brands including Zara and H&M, a bid to blunt the impact of a boom in shopping-mall construction that threatens to push up vacancies.
Sales of luxury goods are slowing and, given the uncertain outlook, investors are taking profits, reports Pierre Mallevays, founder and managing partner of Savigny Partners.
MILAN, Italy — As Milan Men's Fashion Week continues, our trusty contributing photographer Sonny Vandevelde provides us with behind-the-scenes photos from the Diesel, Emporio Armani, Gucci, Etro, Canali and Fendi shows.
MILAN, Italy — The summer suit makes a huge comeback for next year's warmer months, in more shapes, fabrics and colors than ever before. Once a lightweight copy of the classic winter style, the 2014 summer suit, which dominates the runway on the third day of menswear preview showings as it has throughout Milan Fashion Week, has a life all its own.
PARIS, France — Fnac, the French DVD, books and video-games chain, is seen falling after being spun off this week from Gucci owner PPR SA as investors who hold PPR for luxury brands such as Gucci sell stock in the retailer.
HONG KONG, China — Prada SpA, the Italian luxury-goods maker, fell the most in almost 12 months in Hong Kong trading after reporting first-quarter profit growth that decelerated to the slowest pace in at least a year.
FLORENCE, Italy — Luxury-goods makers are adapting as demand for premium products aligns with the broader economy for the first time in a decade, the chief executive officer of Gucci Group said.
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.
LONDON, United Kingdom — Louis Vuitton is losing ground as the world’s most valuable luxury brand as competitors including Gucci and Prada gain, a new research report shows.
Contrary to numerous reports, broad changes in Chinese consumer behaviour and sentiment — not the country’s much publicised anti-extravagance campaign — are the likely causes of China’s luxury slowdown, says Anne Zhang, a reporter for Chinese business magazine CBNweekly.
It’s time for the global fashion industry to stop turning a blind eye to the lack of racial diversity on the runways, says op-ed contributor Demi Sinclair.
PARIS, France — Most luxury goods groups will not publish first-quarter figures until at least later this month, but anecdotal evidence is growing of at least a temporary slowdown in spending by travelers, which analysts say could be linked to worries about the global economy and tax increases in Europe, as well as the tough stance taken by China's new president Xi Jinping on illegitimate gift-giving.