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.
"Lululemon Helps China's Affluent Young Professionals Warm up to an Active Lifestyle" (Jing Daily)
"The fitness trend that has reared its sweaty head in Beijing, as well as at Lululemon's 'Unroll China' events in Shanghai and Chengdu, has the luxury industry worried about competition."
"The Hunt for Asia Watch Sales" (The New York Times)
"Even as Swiss watch exports continue to decline, watchmakers are sharply focused on trying to find just the right combination of marketing and retail strategies in Hong Kong and mainland China, the industry's No.1 and No.4 sales markets."
"Host of Designer Labels Set to Open First Stores in Macau" (South China Morning Post)
"Amid a boom in retail space, following the opening of two major resorts, new labels join established brands to open stores in Macau offering the latest from luxury fashion designers, couture and lifestyle brands."
"VANCL: China's Clothing Giant Stumbles Back From the Brink" (CKGSB Knowledge)
"The VANCL IPO fell apart after the brand fell out of favour. How did the once mighty retailer become China's loser brand, and can it make a comeback?"
"Hang Lung Opens Giant New Dalian Mall at Its 'Most Difficult Time' in 20 Years" (South China Morning Post)
"Hang Lung Properties officially opened its largest shopping mall yet in the mainland on Friday, in northeast Dalian, despite a glut of large retail outlets, a flagging local economy and a fall in demand for luxury brands due to the country's ongoing anti-corruption campaign."
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.