default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

The China Edit | Burberry's Sales Strong, Parkson Retail, Alibaba Cheat Sheet

The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Burberry store | Source: Shutterstock
By
  • Lina Lee,
  • Kati Chitrakorn

"Burberry's Sales to Chinese Ease Concern of Fading Luxury(Bloomberg)
"Burberry Group Plc reported first-quarter revenue that exceeded estimates as strong sales to Chinese shoppers eased concern of fading luxury demand and sent the shares up the most in six months."

"Parkson China Checks Out At A Beijing Location(China News Service)
"Medium- and high-end department store operator Parkson Retail Group Ltd has temporarily closed one of its Beijing stores following two closures elsewhere in the country, adding to a chorus of doubts being voiced about the challenged retail format."

"Alibaba Cheat Sheet(Women's Wear Daily)
"Investor excitement about Alibaba Group Holding Ltd.'s upcoming initial public offering on the New York Stock Exchange is gathering pace. The market debut — expected to raise more than $20 billion — is predicted to be one of the largest in history globally and is slated for the first half of August, although a date has not yet been specified."

"Global Brands Begins Hong Kong Trading After Li & Fung Spinoff(Bloomberg)
"Global Brands Group Holding Ltd., a brands management unit spun off from Li & Fung Ltd., begins trading in Hong Kong today. Global Brands, which manages over 350 labels including Coach Inc. shoes and licensed characters such as Angry Birds and Spiderman, started trading at HK$2.09 and rose to HK$2.13 as of 9:49 a.m. local time."

"ASEAN Nears Its 'E-Commerce Moment'(Financial Times)
"It is a truth almost universally recognised that internet penetration in the 10-member bloc known as Asean – the Association of Southeast Asian Nations – is low, even though the region is humming economically. Or is it? UBS finds that Asean has a 32 per cent 'internet penetration rate', or almost 200m users, out of a total population of 620m."

© 2021 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
The State of Fashion: Technology
© 2022 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions and Privacy policy.
The State of Fashion: Technology