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.
"SuperGroup Embarks on China Expansion" (The Guardian)
"SuperGroup is stepping into China via a joint venture deal with Trendy International Group, a casual fashion company backed by LVMH, the luxury goods house that owns Louis Vuitton and Céline."
"The Truth Behind Macau's Luxury Market" (The Business of Fashion)
"With gambling revenues that dwarf those of Las Vegas and non-stop retail expansion, why are there so many mixed messages about China's gambling mecca?"
"Alibaba to Invest over $100 Million in China's Mei.com" (Reuters)
"Chinese e-commerce company Alibaba Group Holding Ltd is investing more than $100 million in Mei.com, a 'flash sales' platform for luxury and fashion goods, according to a source with knowledge of the deal."
"Chinese Counterfeiting in America" (Associated Press)
"China is not the only country with a counterfeiting problem. Most fakes are made in China, but they are sold in America, where counterfeiting is rarely prosecuted as a crime."
"Chinese Influx Buoys Japan Port City of Fukuoka" (Financial Times)
"The Chinese coming here used to be the rich, says Miwa Mochizuki, a spokeswoman for the Canal City mall. Now it is the middle class."
"Fashion Design in China: 'The Trick Is to Embrace the Chaos'" (The Guardian)
"After Ma became one of the few mainland-born designers ever to be invited to show at Paris Fashion Week – still the ultimate destination for any designer – media coverage about her at home exploded."
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.