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.
"Op-Ed | Alibaba's Catch-22" (The Business of Fashion)
"Stuck in a 'catch-22' in its relationship with luxury brands, Chinese e-commerce juggernaut Alibaba should take a page from Google, maximising revenue in the short term, while buying critical time to build enduring relationships with Western brands, argue Brian Buchwald and Joshua Neckes."
"Gritty Paris Slows Flow of Chinese Tourists" (Bloomberg)
"First-time visitors from China arrive in Paris expecting to see a quaint, affluent and friendly European city with smartly dressed men and women smelling of Chanel No. 5. Instead, they discover the French capital's grittier side."
"Western Brands Strive to Click With Chinese Shoppers" (The Financial Times)
"On Tuesday, Topshop and Miss Selfridge, two of the UK's best-known fast fashion brands, became the latest to announce they are launching online in China, on the heels of Asos, the online clothing retailer, and brands from Gap to Burberry. But while the online fashion market in China may have huge potential, it is also fiercely competitive and price-sensitive, mainland retail analysts say."
"Gold Loses Shine as Chinese Curb Jewellery Purchases" (The Financial Times)
"India regained its position as the world's leading gold buyer in the second quarter as Chinese demand for jewellery, gold coins and bars dropped sharply from record levels amid a government crackdown on corruption."
"Hong Kong Cuts 2014 Growth Forecast After Unexpected Contraction" (Bloomberg)
"Hong Kong cut its economic growth forecast for the year after an unexpected contraction in the second quarter as a slowdown in China crimped the purchases of luxury items and weighed on local sentiment."
International buyers and talent scouts must cast their nets wider than the usual fashion week incubators, prizes and schools to find the country’s next crop of emerging brands.
Chinese celebrities made a comeback at the European shows this season, but the brands hosting them see the country’s A-listers as more high-risk, high-reward than ever amid fresh scandals and tightening government regulation.
Owners of international brands like Lanvin and Carven faced challenges in their home market under ‘zero-Covid’ rules but China’s economic recovery is now on the horizon.
Critics say they are dystopian, but ‘flawless’ virtual influencers may be worth considering in a market where celebrity brand ambassadors have become an increasingly risky investment.