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The China Edit | Shang Xia, Chengdu, Burberry, Tourist Spending

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.
Shang Xia Beijing store | Source: Shang Xia
By
  • Kate Abnett

"Shang Xia: Preservation Through Innovation" (The Business of Fashion)
"Backed by Hermès, luxury lifestyle brand Shang Xia is preserving ancient Chinese craft by blending traditional know-how with modern product innovation."

"Chengdu, China's Next Fashion Powerhouse(The Business of Fashion)
"In hot pursuit of China's elite league, one city is sprinting ahead of its second-tier rivals, hoping to join the ranks of Shanghai, Beijing, Guangzhou and Shenzhen."

"Burberry May Follow Chanel Narrowing Europe-China Price Gap(Bloomberg)
"Burberry signalled that it may cut prices in Asia and raise them in Europe, following the likes of Chanel in responding to a growing pricing differential between the regions caused by the weakness of the euro."

"Chinese Tourists' Luxury Spending Soars in Europe" (Reuters)
"Chinese tourists spent a record amount on luxury goods last month, helped by shopping sprees in Europe as the weak euro made items cheaper than at home."

"Digital China Leaving Ostrich Brands Behind" (The Business of Fashion)
"Chinese consumers are flocking to the Internet to make luxury purchases on local e-commerce sites. International luxury goods brands need to get their heads out of the sand to catch up, says Luca Solca, head of luxury goods at Exane BNP Paribas."

"New Hong Kong Travel Policies Seen Hurting Luxury Retailers" (CNBC)
"Restrictions on mainland Chinese visitors to Hong Kong have caught Wall Street's attention, with worries growing that the rules could hurt luxury merchants."

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