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.
"PVH Spends $172m on Tommy Hilfiger's Chinese Partner" (The Financial Times)
"The owner of Tommy Hilfiger is spending $172m to take control of its Chinese joint venture as it seeks to expand in a market where its sales have doubled in the past five years."
"Foreign Companies Bet on China's Consumers as Industry Slows" (Reuters)
"Coffee shops, burger bars and clothes stores are among the foreign businesses in China that say they are thriving despite the economic slowdown that is hurting the manufacturing sector."
"Why China's IPOs Are Still Seen as a Sure Thing" (Bloomberg)
"Chinese stocks may be tumbling at the fastest pace in seven years, but one part of the $5.2 trillion market is hotter than ever: initial public offerings."
"Alibaba's Reliance on China Spooks Investors as Economy Cools" (Bloomberg)
"The challenge for Alibaba is that it's increasingly reliant on China despite aspirations to expand overseas. Chairman Jack Ma has said he wants to eventually get half of the company's sales from abroad."
"Fashion Retailer Diversifies into Property to Reap Stable Rental Income" (South China Morning Post)
"Lawsgroup deputy chairman and chief executive Bosco Law Ching-kit found there were a lot of advantages in running a fashion manufacturer and retailer alongside property investment."
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.