Jewellers who fill up Christmas stockings with diamonds are increasingly doing so by investing in or securing supply deals directly from individual mines, avoiding the industry’s middlemen.
Chinese workers and overseas students in Russia have been snapping up goods at low prices caused by the steep fall in Russian rouble rates before brands can adjust them. These shopping agents, known as “daigou,” stockpile the products before selling them at a profit to buyers back home.
The hottest trend at France’s second-biggest luxury group this season: Executive departures as the owner tightens the reins. Asset sales may be next on the runway.
The owner of Puma SE has explored a sale of the German sportswear maker as efforts to revive the brand drag into a fifth year, according to people familiar with the matter.
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.
Prada SpA reported a 44 percent drop in third-quarter profit as weaker spending by wealthy Chinese consumers weighed on the luxury-goods maker’s revenue growth.
Hong Kong is expected to report a drop in October retail sales on Monday, providing the first broad look at the impact of pro-democracy protests on core shopping areas after demonstrators blocked key roads and scared off mainland Chinese tourists.
The French, English and even Arabic editions of the world’s most elite fashion magazines are bending over backwards to speak to the rising flow of Chinese tourists in their own language.