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.
"Chinese Regulator Vows Share Support after Markets Tumble 8.5 Percent in a Day" (Reuters)
"China said on Monday it was prepared to buy shares to stabilise the stock market and avert "systemic risks", after major indices plunged more than 8 percent in the biggest one-day fall since 2007."
"LVMH Sales not Tarnished by Chinese Turmoil" (The Financial Times)
"Turmoil in Greek and Chinese markets did not deter the world's wealthiest from dipping into their pocketbooks. Or, for that matter, from purchasing a new one."
"Italy Luxury Stocks Targeted by Short Sellers on Asia Pessimism" (Bloomberg)
"Traders who bet on declining stock prices are targeting Italian luxury-goods companies, a sign that some investors expect disappointing earnings next month."
"Gucci, Burberry Demand Lower Hong Kong Rents as Market Wilts" (Bloomberg)
"Luxury companies including Kering SA are demanding lower Hong Kong store rents to reflect the island city's waning appeal with wealthy Chinese shoppers."
"Taylor Swift 1989 Chinese clothing Line Risks Tiananmen Square Row" (The Guardian)
"Singer announces plans to launch merchandise for upcoming 1989 live tour – a date censored by Chinese authorities since 4 June massacre."
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.
While travel to Europe remains muted, Chinese shoppers are flocking to Singapore, Thailand and other Southeast Asian destinations where fashion retailers are hoping Lunar New Year marketing investments will pay off.
Local fashion designers experimenting with puffers and other down clothing have scored collaborations with outerwear companies like Moncler and attracted the attention of prominent international retailers like H.Lorenzo.