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.
"Louis Vuitton's Brand Fades in China" (The Financial Times)
"Group experiences brand fade as consumers in higher-tier cities increasingly shun its products."
"China Is the World's Fastest-Growing Market for "Vanity" Spending" (Quartz)
"China is the fastest growing market for the consumption of self-indulgent goods and services aimed at enhancing one's appearance or status."
"House of Fraser to Open Shops in China" (The Telegraph)
"House of Fraser to expand into China after takeover and record sales fuel expansion plans."
"JD.Com Rises to Record as Chinese E-Commerce Stocks Gain in U.S." (Bloomberg)
"JD.com jumped to a record as Chinese e-commerce companies advanced in New York amid speculation they'll continue to benefit from growth in online sales in the country."
"China Targets Online Shopping in the Gray Zone" (Caixin Online)
"Officials want to thwart tax and tariff evaders whose businesses involve buying foreign goods through the Internet."
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.