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.
"Anya Hindmarch on Attack Mode for Global Growth" (The Telegraph)
"'If you have lots of flagship stores maybe the slowdown in China is a worry, but when you are new and in attack mode there are masses of opportunity.'"
"E-Land Sells Teenie Weenie to Chinese Label in $900 Million Deal" (Bloomberg)
"E-Land Group said it will sell Teenie Weenie to Chinese fashion house V-Grass Fashion Co. in a deal that reflects Chinese consumers' shifting preference for more premium products."
"Uniqlo Opens Biggest Southeast Asia Store, Looks Abroad for Growth" (Bloomberg)
"Uniqlo last September opened a six-story China flagship store in central Shanghai, and Yanai reiterated plans to open 100 stores a year in China on its way to a potential 3,000."
"Fate of Shanghai's Most Notorious 'Fake Market' Shows Changing Approach to Counterfeits" (Jing Daily)
"With no official shutdown date and a lot of misinformation, the rumored shutdown has had a counterintuitive effect, driving sales at the market."
"Pop-Up Shopping Mall Near Hong Kong-China Border Misses Another Deadline and Now Targets Christmas Opening" (South China Morning Post)
"Project which aimed to capitalise on huge visitor numbers from across the border in 2013 has been held up by government rules and a wet summer."
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.