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.
"Why Tariffs on Chinese Imports could Backfire in California" (Los Angeles Times)
"[Companies] would have little recourse other than to pass the higher costs onto consumers if Chinese imports were slapped with a new tariff."
"Fashion Houses' Rooster Bling Craze Needs Wake-up Call" (South China Morning Post)
"Even the world's most beautiful bodies are not going to save these rustic and passé Chinese-themed outfits."
"China's Athleisure Market Isn't Going Anywhere As Functional Fitness Wear Brands Expand" (Jing Daily)
"It seems that there's no slowing down when it comes to brands capitalising on Chinese consumers' hunger for fitness-inspired fashion."
"Maersk to Team up with Alibaba on Online Booking Service for Ship Space" (Reuters)
"The world's largest container shipping line Maersk has teamed up with Alibaba to allow shippers of goods to reserve space on its vessels through the Chinese e-commerce giant."
"Alibaba Sues Two Vendors Who it Says Sold Fake Watches" (Reuters)
"China's Alibaba Group Holding Ltd has sued two vendors it says sold fake Swarovski watches on its Taobao e-commerce platform."
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.