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The China Edit | High-End Lingerie, Losing Jobs, Miss Sixty IPO

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.
Sui He walks in the Victoria's Secret fashion show | Source: Shutterstock
By
  • Kate Abnett

"Chasing China's High-End Lingerie Market" (Reuters)
"High-end lingerie sales are outpacing China's generally downbeat luxury market, and heating up competition between international brands and local rivals looking to go upmarket."

"Is China Stealing Jobs? It May Be Losing Them, Instead" (The New York Times)
"Labor costs in China are now significantly higher than in many other emerging economies. Factory workers in Vietnam earn less than half the salary of a Chinese worker, while those in Bangladesh get paid under a quarter as much."

"Miss Sixty's Chinese Owner Said to Plan IPO at $5 Billion Value" (Bloomberg)
"Chinese fashion house Trendy International Group, owner of the Miss Sixty jeans brand in Asia, is planning a domestic initial public offering as soon as the end of next year, people with knowledge of the matter said."

"Nike Takes China Sales Gold Since 2008 Beijing Olympics" (Bloomberg)
"Nike sales growth in Greater China outpaced those of Adidas AG and local rivals Li Ning Co. and Anta Sports Products Ltd. since the 2008 Beijing Olympics."

"Ivanka Trump's best-selling fashion line is manufactured in China and Vietnam" (The Independent)
"Not a single Ivanka Trump item at Macy's flagship store was produced in the US."

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