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.
"Alibaba Teams up with Samsung, Louis Vuitton and Other Brands to Fight Counterfeit Goods" (TechCrunch)
"Just weeks after revealing its first court case against sellers of counterfeit goods, Alibaba has again pledged to increase its focus on fake goods after it announced a partnership with 20 global consumer brands."
"Chinese Pop Idol Helps Burberry Get Back on Song" (The Telegraph)
"Burberry is expected to unveil a welcome return to sales growth this week, buoyed by a surge in Chinese shoppers on the back of its collaboration and campaign with pop star Kris Wu."
"How China's Pink Economy Is Leading the Country's Battle for LGBT Rights" (Fortune)
"Homosexuality has long been frowned upon in China, but attitudes are softening in the big cities thanks to a new, free-spending generation."
"WeChat Data Report Reveals Unreliable Nature of Chinese Tourism Data" (Jing Daily)
"Until Chinese companies like WeChat, UnionPay, and Ctrip up their ante with Chinese tourism data, tourism stakeholders seem to be stuck with quite bland, but highly reliable, data."
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.