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 a TV programme with an audience of over 1.2 billion, China’s Spring Festival Gala is an important stage for international luxury brands fighting for exposure. This year, many homegrown designers also tapped into the broadcast.
Chanel, Miu Miu, Ermenegildo Zegna, Valentino, Stella McCartney, Cartier, Boucheron, and Chaumet were among the luxury houses that dressed young stars like Wang Yibo, Karry Wang and Zhou Dongyu. A white Gucci coat worn by Gucci’s China ambassador Ni Ni quickly became a trending topic on Weibo.
With the rise of domestic designers, a number A-list celebrities chose local brands this year instead. Guo Pei, Sankuanz, Calvin Luo, Laurence Xu and Le Fame were chosen by Yang Mi, Jackson Yee, Angela Chang, Chen Linong, Dilraba Dilmurat respectively.
Meanwhile, the gala also featured a Chinese costume show that incorporated high-tech VR. Supermodels Sui He, Ming Xi and Zilin Zhang, as well as singer Li Yuchun (Chris Lee), wore outfits featuring traditional Chinese elements by the students of the Beijing Institute of Fashion Technologies and local couture brand Heaven Gaia.
As the country’s economy moves into deflationary territory, manufacturing output declines and a real estate crisis worsens, some consumers are becoming increasingly cautious.
Its flagship brand struggled following the departure of its creative director but better growth was seen at other labels.
After years of outsized growth in prestige cosmetics, consumers have pulled back on the typically recession-proof category.
Last year’s harsh pandemic restrictions and recent raids on foreign firms have made it harder for Western fashion companies to persuade top international talent to move to the country.