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The China Edit | Louis Vuitton, Li & Fung, Sourcing

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.
Louis Vuitton store, Dalian | Source: Shutterstock
By
  • Kate Abnett

"Why Louis Vuitton, Gucci and Prada Are in Trouble" (The Washington Post)
"Newly affluent Chinese customers are no longer clamoring for flashy Louis Vuitton luggage or Gucci sunglasses. It was a remarkably fast change in tastes."

"Li & Fung Targets 300 New Shops in China Retail Venture" (Bloomberg)
"Li & Fung Ltd. plans to open as many as 300 stores in a venture with China mall operators to sell new home-grown brands, as the global supplier of clothes and toys seeks to tap the rising Chinese appetite for fashion."

"US Fashion Companies Are Starting to Look Beyond China for Sourcing Apparel" (Quartz)
"As Chinese production costs begin to creep up, American brands are scouting out other options, primarily in Vietnam, India, Indonesia, and even the US itself."

"Alibaba Sells US E-Commerce Website 11Main to Rival OpenSky(Bloomberg)
"Alibaba Group Holding Ltd. will sell its U.S. website 11 Main to rival online marketplace OpenSky as it adjusts its strategy in niche e-commerce."

"China to Promote Cross-Border E-Commerce as Incomes Rise" (Reuters)
"China will increase support for cross-border e-commerce as the world's second-largest economy shifts from manufacturing to higher-value services."

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