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.
BEIJING, China — China's industrial output grew 5.9 percent in October from a year earlier and fixed-asset investment rose 5.7 percent in the first 10 months, both above forecasts, but retail sales rose less than expected last month, data showed on Wednesday.
Analysts polled by Reuters had predicted industrial output growth would dip to 5.7 percent from 5.8 percent in September.
Investment growth had been expected to pick up slightly to 5.5 percent in the first 10 months of the year, from 5.4 percent in January-September.
Private-sector fixed-asset investment rose 8.8 percent in January-October, compared with an increase of 8.7 percent in the first three quarters, according to official data.
ADVERTISEMENT
Private investment accounts for about 60 percent of overall investment in China.
Retail sales rose 8.6 percent in October from a year earlier. Analysts had expected them to rise 9.1 percent, slowing from 9.2 percent in September.
With US trade duties threatening to ratchet up pressure on China's already slowing economy, its policymakers have shifted focus in recent months to growth-boosting measures, from ramping up infrastructure spending to cutting taxes and fees. But analysts say it will take some time before the economy begins to steady.
By Ryan Woo; editor: Kim Coghill
In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.