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.
"Millennials Are Redefining Luxury in the Search for More Originality" (South China Morning Post)
"The latest brand name must-haves don't crack it for today's luxury consumer. They are putting their money in a far more elusive thing: originality."
"Condé Nast's New Shanghai Center Brings 'Real-World' Teaching Approach to China's Rising Fashion Industry" (Jing Daily)
"As Vogue publisher Condé Nast expands beyond its traditional magazine business into the world of fashion and design education, China is front and center in its global business plan."
"United Arab Emirates Relaxes Visa Restrictions to Get Chinese Shoppers Past the Airport" (Jing Daily)
"The cabinet in Abu Dhabi has adopted the decision to allow Chinese visitors visas on arrival when they enter the United Arab Emirates in an effort to further stimulate Chinese investment, trade, and tourism."
"Making It: With a Thriving 'Maker' Culture, Shenzhen Is Becoming a Creative Capital of China" (Wallpaper* Magazine)
"Shenzhen's young designers, architects and creators – the city's average age is 27 – are changing the very fabric of the city itself."
"Ben Sherman Sets Its Sights on China" (Retail Gazette)
"Ben Sherman has announced plans to continue its worldwide expansion and open outlets in China."
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.