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.
"As China Intervenes to Prop Up Stocks, Foreigners Head for Exits" (Bloomberg)
"Foreign investors are selling Shanghai shares at a record pace as China steps up government intervention to combat a stock-market rout that many analysts say was inevitable."
"Op-Ed | Keeping Pace With China's 'Post-Crackdown' Luxury Landscape" (The Business of Fashion)
"In China, the luxury brands that succeed won't be the ones that use the same old excuses, throw the same old parties and advertise in the same old magazines."
"China Retail Billionaire's Shares Drop On Stock Sale To Fund E-Commerce Catch-Up" (Forbes)
"Shares in Shanghai Metersbonwe Fashion and Accessories dropped by their 10% daily lower limit at the Shenzhen Stock Exchange today after the struggling apparel retailer said it planned a huge private placement."
"Met Extends Show on China's Fashion Influence" (The New York Times)
"The Metropolitan Museum of Art's "China: Through the Looking Glass," an exploration of China's influence on Western fashion and the largest show ever organized by the museum's Costume Institute, has proven so popular that it will be extended three weeks."
"Can US SMEs Afford to Log On to Alibaba?" (The Telegraph)
"Some analysts are sceptical about the ability of US SMEs to use Chinese e-commerce platforms, citing the tough competition and barriers of entry."
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.