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.
"Bain: Chinese Shoppers' Share of Global Luxury Purchases Drops to 30 Percent" (Jing Daily)
"2016 marks the first time in history that Chinese consumers contributed less to global luxury sales than they did the year before, according to Bain & Company's annual industry 'Bain Luxury Study' report."
"Hermès Joins Luxury Brands Reporting Chinese Recovery" (Bloomberg)
"Revenue climbed to 1.26 billion euros ($1.4 billion), Paris-based Hermès said, beating estimates."
"China E-Commerce Giants Head to Countryside for New Customers" (Bloomberg)
"Singles' Day on Nov. 11, marks the biggest shopping promotion of the year for both Alibaba and JD as consumers outside the megacities are opening their wallets more."
"Niche Fashion Labels Bridge Gap Between High Street and High End in China" (Jing Daily)
"Alternative brands are increasingly being made available as an option between fast fashion and top high-end luxury brands, initiating a new era of popular fashion in China."
"Why Hong Kong Is So Important for Alessandro Dell'Acqua" (South China Morning Post)
"The Italian designer talks about his inspirations, how the fashion industry has changed and why he's opened his first store in Hong Kong."
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.