While leveraging Key Opinion Leaders (‘KOLs’) in China can be a useful marketing tool, luxury brands must do their homework if they expect to see real results, argues Avery Booker.
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A growing number of Chinese are turning to “selling agents” to circumvent import duties and get their hands on authentic luxury goods at lower prices.
SHANGHAI, China — Nanjing Xinjiekou Department Store Co. will buy an 89 percent stake in Highland Group Holdings Ltd., which owns U.K. department store chain House of Fraser, the Chinese company said today.
SHANGHAI, China — Alibaba's dominance of online retail in China faces its biggest-ever challenge as the firm founded by Jack Ma in a one-room apartment 15 years ago lines up a U.S. initial public offering that could value the firm at around $140 billion.