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The China Edit | Homegrown Labels, Valentino Cuts Prices, Macau's Luxury Shoppers

The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Sacai Autumn/Winter 2016 | Source: Indigital
By
  • Kate Abnett

"Homegrown Asian Labels Challenge Western Imports" (Reuters)
"Fashion brands from South Korea, China and Japan are becoming serious rivals of their Western peers as Asian consumers become increasingly confident in their own style and take pride in buying home-grown labels."

"Valentino Cuts Prices in Asia to Boost Local Sales" (Reuters)
"Italian fashion house Valentino will cut its prices in Asia to bring them into line with European prices."

"Hong Kong Luxury Migrating to Macau Along With Chinese Tourists" (Bloomberg)
"Macau, home to the world's biggest gambling center, is trying to diversify its image by welcoming luxury-brand shoppers."

"Stamping It Out" (The Economist)
"As China grew richer and more innovative, people assumed it would counterfeit less. Think again."

"Chanel Winning Fight Against Luxury Grey Market, Says Bruno Pavlovsky" (Reuters)
"Chanel said its efforts to curb the grey market have been successful and are helping boost revenue in China despite weaker overall demand for luxury goods."

"Gucci Is Taking Its Fight Against Counterfeiting to the Next Frontier: The Afterlife" (Quartz)
"The Italian luxury label is warning Hong Kong shopkeepers to stop selling paper lookalikes of its bags, which people burn at funerals and include in the annual celebration of Qingming Jie to accompany their loved ones in the afterlife."

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