Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
David Zhao
The Price of Transparency
The way luxury goods are priced in global markets is more transparent than ever, skewing where people shop, fuelling the grey market and dragging down sales, with no clear solution in sight.
Op-Ed | Made-in-China Fashion Boosts the Industry
The explosive growth of high quality, locally made fashion will help China’s manufacturing sector remain globally competitive, says David Zhao of Shangpin.com.
Resetting China’s Luxury Compass
In spite of the country’s slowing economy, stock market turmoil and a climate of uncertainty, China’s luxury market still presents lucrative opportunities if you know which direction to look.
Announcing VOICES, BoF’s Annual Gathering For Big Thinkers
At a standing room-only event in Hong Kong, BoF revealed its plans for an annual, invitation-only, global fashion industry gathering called VOICES. The inaugural event will take place in December 2016.
China
David Zhao of Shangpin Says Convince Yourself Before Convincing Others
David Zhao, founder and CEO of Shangpin, reveals how he fended off China's three online giants — Baidu, Alibaba and Tencent, collectively known as B.A.T. — to become one of the country’s most successful pure-play fashion e-tailers.
David Zhao of Shangpin Says Convince Yourself Before Convincing Others
David Zhao, founder and CEO of Shangpin, reveals how he fended off China's three online giants — Baidu, Alibaba and Tencent, collectively known as B.A.T. — to become one of the country’s most successful pure-play fashion e-tailers.
The News in Brief
Chanel CEO Says Price Hikes Driven by Inflation, Craftsmanship
The luxury goods maker is seeking pricing harmonisation across the globe, and adjusts prices in different markets to ensure that the company is”fair to all [its] clients everywhere,” CEO Leena Nair said.
Celine Adds To Fragrance Line-Up
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Sales Rise More Than Expected, Led by Beauty
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
Biden Signs Possible TikTok Ban Into Law; ByteDance Vows Legal Challenge
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
Google Postpones Phasing Out of Ad Cookies in Chrome Browser
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.
Sales at Italy’s Moncler Up 16% in First Quarter Boosted by China
Overall revenues for the three months through March totalled 818 million euros ($874 million), above a company-provided analyst consensus of 786 million euros.
PZ Cussons to Sell St Tropez, May Exit Africa
Embattled by weak demand and currency issues in Nigeria, the company is looking to slim down in order to return to growth.