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.
"Wanda Ecommerce Venture Valued at $3bn" (The Financial Times)
"Two investment funds have taken a 5 per cent stake in Dalian Wanda Group's ecommerce unit, valuing the four-month-old joint venture with two of China's internet giants at Rmb20bn ($3bn), according to the Chinese property conglomerate."
"Growth of China's Middle Class to Fuel Retail Expansion" (Retail Gazette)
"The country's rapidly growing middle class is set to propel significant retail expansion over the next 10 years."
"Jack Ma Warns of Risks for Alibaba after Big Success in 2014" (Live Mint)
"Ma, the executive chairman of the Alibaba group, said the company faced more pressures due to the limelight it received by winning the biggest IPO at NYSE."
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.