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.
"Chinese Billionaire Zhou Chengjian Goes Missing" (BBC News)
"Chinese billionaire Zhou Chengjian of one of China's biggest fashion chains, Metersbonwe, has gone missing, the company confirmed."
"Louis Vuitton Sues Counterfeit Online Sellers in China" (Reuters)
"Louis Vuitton is seeking damages from three people convicted of offering counterfeit versions of its clothing, shoes and handbags on Alibaba Group Holding Ltd's popular Taobao shopping website, a Beijing court said."
"Tencent-Backed Women's Fashion Site Merging With Chinese Rival" (Bloomberg)
"China's Meilishuo.com, a fashion retailer backed by Tencent Holdings Ltd., is merging with rival Mogujie.com, marking the latest alliance in the country's e-commerce industry."
"China's Fosun Says to Raise Stake in German Fashion Brand Tom Tailor" (Reuters)
"China's Fosun International Ltd has entered an agreement to boost its stake in German fashion brand Tom Tailor Holding AG to up to 30 percent, the Shanghai-based conglomerate said in a statement on Friday."
International buyers and talent scouts must cast their nets wider than the usual fashion week incubators, prizes and schools to find the country’s next crop of emerging brands.
Chinese celebrities made a comeback at the European shows this season, but the brands hosting them see the country’s A-listers as more high-risk, high-reward than ever amid fresh scandals and tightening government regulation.
Owners of international brands like Lanvin and Carven faced challenges in their home market under ‘zero-Covid’ rules but China’s economic recovery is now on the horizon.
Critics say they are dystopian, but ‘flawless’ virtual influencers may be worth considering in a market where celebrity brand ambassadors have become an increasingly risky investment.