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.
SHANGHAI, China — An investigation by The Associated Press has found that the president of an influential anti-counterfeiting group owns Alibaba stock, has close ties to a key Alibaba vice president and uses family members to run his coalition.
At issue is the independence of the small but influential International Anti-Counterfeiting Coalition, which lobbies US officials and testifies before Congress.
The coalition recently admitted Alibaba as a member, prompting companies including Gucci America and Tiffany to quit. Critics consider the Chinese e-commerce giant the world's largest marketplace for fakes.
A former member of the coalition's board said she hadn't known that its president, Robert Barchiesi, owned Alibaba stock. She says that crosses a line ethically. The coalition says Barchiesi's performance has been "exemplary" and that he has the board's support.
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.
Mainland shoppers have flocked to local tourism hubs like Macau and Hainan over Chinese New Year and are expected to visit Asian destinations like Thailand and Singapore before returning in droves to European fashion capitals later this year.