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.
"Fashion Maven Anna Wintour on China's Sartorial Future" (The Wall Street Journal)
"'It has been a huge audience for most of the European designers and I actually feel that the Americans have been a little bit slow to explore China in a way that they could have a little more aggressively.'"
"Alibaba Looks to Spend $500m in Indian Mobile Payment Group Paytm" (The Financial Times)
"Alibaba is in advanced talks to buy an approximately $500m stake in the parent company of leading Indian mobile payment platform."
"In China, Shirtmaker TAL Uses Data Analysis for Efficiency Boost" (Businessweek)
"Borrowing from lean manufacturing, a concept popularized by Toyota Motor and other Japanese companies, TAL is running more—but smaller—production lines."
"Your Uniqlo Skinny Jeans May Have a Dark Past" (Quartz)
"Japanese fast-fashion giant Uniqlo is coming under fire for what critics say are harsh and dangerous working conditions at the Chinese factories that make its rainbow-colored array of low-cost skinny jeans and cashmere sweaters."
Chinese e-commerce giants Alibaba and JD.com have faced increasing competition in recent years from low-cost platforms, such as PDD Holding’s Pinduoduo and ByteDance-owned Douyin.
With consumers tightening their belts in China, the battle between global fast fashion brands and local high street giants has intensified.
Investors are bracing for a steep slowdown in luxury sales when luxury companies report their first quarter results, reflecting lacklustre Chinese demand.
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.