Shanghai Tang

Hermès, Kering and Richemont have all dabbled in Chinese luxury brands but none have so far been a big international hit.  Insiders now reckon they know why.

This week, Kylie Jenner’s namesake cosmetics line names its CEO, while Lululemon taps a former Nike executive for chief brand officer.

‘Curation’ is the latest trend in China’s retail scene, as mall and department store giants keep pace with online competitors by transforming into places to see and be seen.

After buying the brand in 2017 from Richemont, entrepreneur Alessandro Bastagli said he aims to increase the group’s sales by 15 to 20 percent next year.

The Hong Kong businessman, known for his satirical sense of humour as a Financial Times columnist, reportedly battled with liver cancer for some time.