China’s domestic luxury resale market was valued at 51 billion yuan ($8 billion) in 2020 and its total value will exceed 208 billion yuan ($32.75 billion) by 2025, with a compound annual growth rate (CAGR) of 32.5 percent.

Big retailers are feeling the pressure from supply chain disruptions and rising costs.

This year’s edition of European Fashion Accelerator (EFA), a platform dedicated to promoting young Central European designers, was held in Prague and featured nine designers under the age of 28 from the Czech Republic, Slovakia, Poland and Hungary.

The creative director will be among the honourees on Monday for his work “positioning Gucci at the intersection of culture, art, music and film.”

Online consumer spending jumped 20 percent this month through Tuesday in a sign that holiday shopping has started early, according to the Adobe Digital Economy Index.

The makeup company plans to launch in 2,800 retail stores in the next three months.

The health and beauty chain, also known as CJ Olive Young, is looking to raise $1 billion in a local public offering sources say will take place early 2022.

The Saint Petersburg-based fashion conglomerate's revenues for the first nine months of this year have already surpassed total revenues for full-year 2020.