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.
"Shaway Yeh, China's Rebel Editor" (The Business of Fashion)
"Shaway Yeh's rebellious blend of art, intellect and avant-garde style has made Modern Weekly one of the most influential fashion and lifestyle magazines in China."
"Burberry First-Half Sales Miss Estimates as Asian Sales Drop" (Bloomberg)
"Burberry Group Plc reported first-half revenue that trailed analysts' estimates as sales declined in Asia."
"Diamond Industry Dragged Into Slump as China Demand Ebbs Away" (Bloomberg)
"The China-fueled commodity slump that has torn through the world's biggest raw-materials markets from iron ore to copper is now hitting the diamond industry."
"Alibaba Lobbies to Stay off US Blacklist List for Fakes" (Reuters)
"Alibaba Group Holding Ltd is lobbying hard to stay off the US Trade Representative's blacklist after coming under renewed pressure this year over suspected counterfeits sold on its shopping platforms."
"How Bicester Village Became the Go-To Place for Chinese Tourists" (The Telegraph)
"Once a quiet market village, the outlet mall now attracts 6.3 million shoppers a year, making it second only to Buckingham Palace for tourists from China."
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.