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.
"Anti-Counterfeiting Group Suspends Alibaba's Membership" (Reuters)
"The International Anti-Counterfeiting Coalition statement follows a report that the group's president, Robert Barchiesi, had stock in Alibaba."
"China's Production, Investment, Retail Sales All Disappoint in April" (CNBC)
"China's investment, factory output and retail sales all grew more slowly than expected in April, adding to doubts about whether the world's second-largest economy is stabilising."
"China Goes Cold on Platinum Jewellery, Crimping World Demand" (Reuters)
"China's penchant for luxury platinum jewellery is fading despite lower global prices, leaving world demand for the metal exposed to sharper decline."
"Burberry, Cartier Set Standard in Lagging Chinese E-Commerce Adaptation" (Luxury Daily)
"Digital is still only a small part of China's luxury market, comprising just 5 percent in 2015. Still, its growth rate was triple the overall market."
"China Sports Brands Get a Second Wind" (Bloomberg Gadfly)
"Nike and Adidas, take note. China's sportswear makers are in their best shape for some time."
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.
Beijing’s Covid-19 policy shift will give the sector a boost in 2023 but a surge in infections and sluggish economic growth could dampen the recovery after an uplift from Chinese New Year.
This week, China rolled back some strict zero-Covid measures, opening a road to recovery for luxury and retail. But the journey is likely to be long and bumpy, experts warn.
Despite disappointing Singles Day sales results, harsh Zero Covid restrictions and supply chain woes, international beauty conglomerates continue to see China as a growth engine.