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The China Edit | Erdos 1436, Emerging Designers, Shanghai FTZ Overhyped

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.
Jane Wang of Erdos 1436 | Source: Courtesy
By
  • Lina Lee,
  • Lisa Wang

"Mongolia's 'Cashmere Princess' Expands 1436" (The Business of Fashion)
"Erdos used to supply Hermes, Burberry and Loro Piana; that it no longer does is due to its own requirements for 3,000+ eponymous stores across China. As for rolling a brand into the West, Erdos can certainly afford it. The Erdos Group (which also includes energy and metallurgy) is valued at approximately 60.8 billion RMB ($9.5 billion)."

"Emerging Asian Designers Hit New York Fashion Week" (Reuters)
"Asian names are well established on the fashion catwalks in America, and a new wave of Asian designers already accomplished at home hopes to follow suit at New York Fashion Week. The newest designers to arrive are Asian-born and Asian-trained, looking to make inroads in the lucrative U.S. fashion market."

"House of Fraser Completes Sale To Chinese Department Store For £480M" (The Drum)
"House of Fraser parent company Highland Group Holdings has today completed the sale of 89 per cent of its shares to Chinese department giant Nanjing Cenbest for a value of approximately £480m. The deal will see the international brands sold through House of Fraser brought to Nanjing Cenbest's chain of stores, while the Chinese retail giant will develop House of Fraser's global footprint."

"Shanghai Free-Trade Zone Struggles to Live Up to Its Hype" (The Financial Times)
"A year after the Shanghai free-trade zone was launched as an enclave of financial deregulation, the disappointment is palpable, with scant progress on loosening capital controls or liberalising interest rates. 'We see the FTZ focused mainly on the flow of goods in and out. When it comes to capital flows, even though they've put out a lot of rules and regulations, we don't see much substantive progress,' says Peng Zhenwei, economist at CEBM Group, a Shanghai-based research firm serving institutional investors."

"The Italian Shoe Designer Who's Rebranding The Image Of 'Made in China'" (Forbes)
"Having a mother that is the former editor-in-chief of French and Italian Harper's Bazaar and Cosmopolitan, makes Pozzi no newbie to the world of fashion. In fact, he has fond memories of the time he would spend with the likes of designer Calvin Klein during his childhood years. After the Milan-born – who is half Italian, half American – completed his Business Management studies at Boston's Emmanuel College, he made his move to the city of Shanghai. Here he would soon start-up a footwear brand with business partner Sheila Pitigala: Charles Philip Shanghai was born."

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