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.
"China's Unlikely Invaders" (The Business of Fashion)
"Far from offering retailers a promised land of milk and honey, China's department store sector is clearly a troubled market. So why the surge in interest from foreign names?"
"How Angelica Cheung Silenced Critics by tailoring Vogue to Chinese Tastes" (The Guardian)
"The first editor of Vogue China faced a battle to win over the international fashion community. But the magazine is celebrating 10 successful years under her leadership."
"L'Oreal to Lower Imported Product Prices in China as Tariffs Cut" (Reuters)
"L'Oreal SA will reduce prices of most of its imported products in China to boost domestic sales, the French cosmetics giant said on Tuesday, after China said a day earlier it will cut import tariffs on goods, including skincare products."
"China Cuts Import Tax on Clothes, other Goods" (Associated Press)
"China has announced it will cut import taxes on clothing, cosmetics and some other goods by half in a new tactic to spur consumer spending."
"Alibaba's Latest Gambit in Fighting Fakes: Foster Local Brands" (Reuters)
"Criticized and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba Group Holding Ltd has been quietly piloting a scheme to try to curb fakes at source."
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.
While travel to Europe remains muted, Chinese shoppers are flocking to Singapore, Thailand and other Southeast Asian destinations where fashion retailers are hoping Lunar New Year marketing investments will pay off.
Local fashion designers experimenting with puffers and other down clothing have scored collaborations with outerwear companies like Moncler and attracted the attention of prominent international retailers like H.Lorenzo.