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.
"Chen Man's Visual Revolution" (The Business of Fashion)
"As an artist and fashion photographer, Chen Man has built up an oeuvre best known for its high-impact, unapologetic transgression of China's cultural boundaries."
"The Great Mall of China" (The Business of Fashion)
"With two-thirds of Chinese luxury purchases now made outside mainland China, the whole world has become a Chinese luxury shopping mall. Who is benefitting most?"
"Alibaba Says Kering Suit Alleging Fake Gucci Sales Has No Basis" (Bloomberg)
"Alibaba Group Holding Ltd., China's largest e-commerce operator, rejected claims in a lawsuit by Kering SA that it facilitates the sale of counterfeit merchandise."
"In China, It's Va-Va-Voom Times for Lingerie Brands" (Advertising Age)
"These are interesting times for China's lingerie market: Sales are robust, foreign players are making inroads and local favorites are refining their offerings and branding."
"LVMH's Sephora Picks JD.com for China Online Store, Says Fakes a Concern" (Reuters)
"Global beauty retailer Sephora launched its first online store in China on shopping platform JD.com Inc, the latest global firm to tap into China's booming e-commerce market."
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.