This year’s biggest winners may have been China’s uber-wealthy business leaders, who amassed an astonishing amount of wealth despite the global pandemic. Many of them have fashion to thank for part of their fortunes.

As the Chinese beauty industry grows, one of several cosmetic firms backed by Arnault's private equity investment fund is poised to go public in Shanghai.

There is a fortune to be made selling low-cost clothing in China. But cut-throat competition, ‘Taobao villages’ and local know-how give domestic players an edge over global names like H&M and Zara.

Chinese fashion house Trendy International Group, owner of the Miss Sixty jeans brand in Asia, is planning a domestic initial public offering as soon as the end of next year, people with knowledge of the matter said.

About 20 percent of China’s 200 or so billionaires can thank the fashion business for at least part of their fortunes. But how did these fascinating characters get to the top?