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.
"Burberry Puts More Emphasis on the Chinese Market as It Buys up the Remaining Stake in Its Retail Operation There" (City A.M.)
"Burberry has taken the bold decision to move further into the Chinese market, buying the remaining 15 per cent stake in its Chinese distributor for £54m."
"Amazon Japan Enticing Shoppers From an Unexpected Place: China" (Bloomberg) "On June 30, the web retailer quietly rolled out a Chinese-language version of its shopping site in Japan, along with new, reduced shipping rates to mainland homes and businesses."
"China Targets $5.7 Trillion in E-Commerce by 2020" (Reuters)
"The Chinese government is targeting 38 trillion yuan ($5.7 trillion) in e-commerce per year by 2020, and a near doubling that again to 67 trillion yuan by 2025."
"China's Shopping Craze Fills Wallets" (Bloomberg)
"The bursting of China's stock market hasn't slowed the flood of money into apparel IPOs."
"The Research Firms Breathing New Life into Hong Kong's Garment Industry" (South China Morning Post)
"The city's days as a mass clothing manufacturer are long gone, but scientists and entrepreneurs have given it a new role pioneering hi-tech fabrics, mannequins and more for producers worldwide."
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.