SHANGHAI, China — As Chinese shoppers get better acquainted with so- called accessible luxury brands, they’re discovering a designer wardrobe doesn’t have to cost them months of pay.
Sonny Vandevelde brings us behind-the-scenes shots from Paris menswear week.
HONG KONG, China — Wealthy Chinese are likely to buy fewer luxury goods again this year after the steepest cut-back on spending in at least five years, changing the game for high-end retailers like Louis Vuitton which have staked their growth on China.
Investors are moving away from bigger groups towards smaller brands and American “affordable luxury.” Meanwhile, the jury is still out as to whether the crucial trading period from Thanksgiving to Christmas will deliver strong results, but sentiment remains positive, reports Pierre Mallevays of Savigny Partners.
MOSCOW, Russia — Workers in orange jackets and cranes were busy today dismantling a giant suitcase erected by LVMH Moet Hennessy Louis Vuitton SA in the middle of Moscow’s Red Square after it sparked protests.
MOSCOW, Russia — A lawmaker from President Vladimir Putin’s United Russia party is seeking to remove an LVMH Moet Hennessy Louis Vuitton SA exhibit in the middle of Red Square that’s bigger than Lenin’s tomb.
Fresh from a circuit of Beijing, Shanghai and Hong Kong, Imran Amed shares his first-hand observations on China’s fast-changing fashion market.