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.
BEIJING, China — For the past few years, all eyes have been on China. Captivated by the country’s rapidly expanding economy, large population and seemingly insatiable appetite for luxury goods, global fashion brands have focused their efforts on the Middle Kingdom, opening glittering stores in megacities like Beijing and Shanghai, as well as fast growing middleweight cities like Guangzhou, Hangzhou, Shenzhen and Tianjin, and
Best Foot Forward: The man behind Toms (Independent) “Toms, the brand behind these ethical espadrilles – with its singular tagline ‘one for one’ – has revolutionised fashionable feet, as well as the face of charitable giving in one easy step. Founder Blake Mycoskie’s idea is a simple one: for every pair of shoes sold, another is given to children in the developing world.” Michael Kors’ To Make Billions
Luxury goods set for another record year (Reuters) “The outlook for the luxury goods market has improved significantly in recent months, boosted by a stronger-than-expected rebound in the United States and Europe and surging demand in China, consultancy Bain & Co said.” Why those in the know are no longer in with the It Bag (Independent) “The It Bag is dead! Long live the It Bag!… And that is the new