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.
"Anti-Counterfeiting Group Suspends Alibaba's Membership" (Reuters)
"The International Anti-Counterfeiting Coalition statement follows a report that the group's president, Robert Barchiesi, had stock in Alibaba."
"China's Production, Investment, Retail Sales All Disappoint in April" (CNBC)
"China's investment, factory output and retail sales all grew more slowly than expected in April, adding to doubts about whether the world's second-largest economy is stabilising."
"China Goes Cold on Platinum Jewellery, Crimping World Demand" (Reuters)
"China's penchant for luxury platinum jewellery is fading despite lower global prices, leaving world demand for the metal exposed to sharper decline."
"Burberry, Cartier Set Standard in Lagging Chinese E-Commerce Adaptation" (Luxury Daily)
"Digital is still only a small part of China's luxury market, comprising just 5 percent in 2015. Still, its growth rate was triple the overall market."
"China Sports Brands Get a Second Wind" (Bloomberg Gadfly)
"Nike and Adidas, take note. China's sportswear makers are in their best shape for some time."
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.