Singapore’s retailers, already facing growing regional competition, are under the biggest pressure since the Asian financial crisis.
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.
Hundreds of women’s fashion businesses, born in the mid-1990s in Hangzhou, China, based their success on mediocre, embellished copies of global best sellers, cheap commercial distribution, and high margins. But in today’s highly competitive China market, where brand matters more than ever, Hangzhou labels face a serious identity crisis. BoF reports.
Why Versace is putting workers’ health before style (Independent) “Italy’s style capital has become the unlikely focus of a battle to save some of the world’s poorest textile…Versace… Announced that it was throwing its weight behind a campaign to end sandblasting – a manual process used to produce trendy worn-look denim – but which campaigners claim destroys workers’ lungs.” ‘Luxury funds’ are in vogue (JoongAng Daily)