The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
"How The Hong Kong Protests Will Impact The Luxury Watch Industry" (Financial Times)
"As a bastion of free market economics and a friend to conspicuous consumption, Hong Kong has thrived as a mega-spot for luxury watch shopping. It is easily one of the best places in the world to be a watch lover. Right now, the luxury watch industry finds itself in a very sticky spot between a few competing interests."
"China's 'Golden Week' Retail Sales Growth Slows To 12.1 Percent" (The New York Times)
"Growth in China's retail sales during the long "Golden Week" holiday slowed to 12.1 percent from a 13.6 percent rise in the same period last year, data from the Ministry of Commerce showed on Wednesday."
"Instantluxe To Sell Second-Hand Luxury to China's Fashionistas" (Bloomberg)
"Instantluxe, a reseller of second-hand luxury goods from $75 Dior ties to $50,000 Hermes handbags, has won over the French and is now setting its sights on China."
"Apple Watch Makes Editorial Debut in Vogue China" (The Business of Fashion)
"Apple's relationship with fashion has grown from a casual flirtation to a full-blown love affair. BoF can reveal that the Apple Watch is set to make its editorial debut on the cover of Vogue China's November issue, featuring Liu Wen."
"It Looks Like China's Instagram Blockage Is Here To Stay" (Ad Age)
"While the Instagram shutdown is yet another blow to freedom of speech and information, cutting off one of the last links between China and the global internet, experts say the marketing industry won't be heavily affected by the loss."
The French beauty giant’s two latest deals are part of a wider M&A push by global players to capture a larger slice of the China market, targeting buzzy high-end brands that offer products with distinctive Chinese elements.
Post-Covid spend by US tourists in Europe has surged past 2019 levels. Chinese travellers, by contrast, have largely favoured domestic and regional destinations like Hong Kong, Singapore and Japan.
While travel to Europe remains muted, Chinese shoppers are flocking to Singapore, Thailand and other Southeast Asian destinations where fashion retailers are hoping Lunar New Year marketing investments will pay off.
Local fashion designers experimenting with puffers and other down clothing have scored collaborations with outerwear companies like Moncler and attracted the attention of prominent international retailers like H.Lorenzo.