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.
"China's Corruption Crackdown a Boon for Lingerie" (The Wall Street Journal) "Lingerie stores in China are seeing strong sales of $300 bras and other pricey skivvies, defying a broad drop in luxury sales in the vast Chinese market."
"China's Changing Tastes Mean Mixed Fortunes for Luxury Brands" (The Financial Times) "As brands ranging from Rémy Martin and Martell to the likes of Gucci and Louis Vuitton try to compete in the new environment, one thing has become startlingly clear: in the face of China's newfound temperance, some groups are faring better than others."
"Chinese Regulator Says to Target E-commerce Pricing Behaviour" (Reuters) "Pricing tactics in the nation's e-commerce sector will be probed to ensure a "fair" market, likely putting new scrutiny on companies such as Alibaba Group Holding Ltd and JD.com Inc."
"Gold Gains Ahead of Chinese New Year" (CNBC) "Gold enjoyed its third straight session of gains on Monday with industry experts predicting a little more shine for the precious metal with the Chinese holiday period just around the corner."
"Alibaba's AliExpress Sets Its Sights On Indonesia's Promising E-Commerce Market" (TechCrunch) "Chinese e-commerce behemoth Alibaba Group is keen to expand beyond its home market, and now it has set its sights on Indonesia."
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.
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.