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.
"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."
Beijing’s Covid-19 policy shift will give the sector a boost in 2023 but a surge in infections and sluggish economic growth could dampen the recovery after an uplift from Chinese New Year.
This week, China rolled back some strict zero-Covid measures, opening a road to recovery for luxury and retail. But the journey is likely to be long and bumpy, experts warn.
Despite disappointing Singles Day sales results, harsh Zero Covid restrictions and supply chain woes, international beauty conglomerates continue to see China as a growth engine.
Disappointing sales were only part of the story, as brands increasingly used the world’s biggest online shopping festival as a marketing moment.