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Luxury sector impatient for return of Chinese tourists

The European luxury sector is welcoming the end of pandemic lockdowns in China, as the return of big-spending Chinese tourists could sustain further growth. Prior to the pandemic, Chinese tourists visiting Europe were a major source of sales for luxury houses. The Chinese accounted for "a third of luxury purchases in the world and two-thirds of...

Jan 23, 2023

ManagementFeatured

PLBY Group and Charactopia Licensing launch Playboy China

PLBY Group, the owner of the Playboy brand, has signed a deal with Charactopia Licensing, a Fung Retailing brand management company, to enter the Chinese market with the launch of a joint venture, Playboy China. The joint venture, valued at 250 million US dollars, will jointly own and operate the Playboy branded consumer products business in...

Jan 19, 2023

Business

Luxury's rebound in China may take a little longer

At the World Economic Forum in Davos China made an impassioned speech that it had re-opened for business after nearly three years of border closures. But as the country aims to shrug off the pandemic years it was cut off from the world, fashion businesses have already felt the effects. Burberry on Wednesday said its sales in China plunged 23...

Jan 18, 2023

Business

Chanel was most active luxury brand on China’s WeChat in 2022

By the end of 2022, Chinese social media platform WeChat had garnered around 1.31 billion monthly users, according to Statista. A figure that came surprisingly close to the country’s 1.4 billion population, putting a definitive spotlight on the app’s expansive user base. Its presence in the region means it is an important site for brands,...

Jan 10, 2023

Report

Alibaba co-founder to relinquish control of Ant Group

Jack Ma, co-founder of Chinese e-commerce giant Alibaba, is to give up control of of Ant Group, after a government crackdown on powerful companies and individuals. For the past two years there has been much talk of Mr Ma divesting his stake, with the Ant Group valued last year between 75 and 150 billion dollars before its IPO was halted. Ant...

Jan 9, 2023

Business

Luxury stocks rise on China's re-opening

China’s announcement on Monday that it would re-open its borders to visitors and drop quarantine requirements was good news for luxury stocks. Luxury brands rely heavily on Chinese shoppers, and the lifting of the previously mandatory quarantine for incoming passengers will be China’s first full opening since the dawn of the pandemic in 2020....

Dec 27, 2022

Business

Hong Kong tailors take to livestream in pandemic survival fight

Assistants wielding multiple livestreaming mobile phones are now as crucial to Roshan Melwani's tailor shop as the measuring tapes, needles and fabrics that have made his Hong Kong family business so famous. The Melwani family has dressed everyone from American presidents to aristocrats and celebrities over the decades. But the pandemic nearly...

Dec 22, 2022

Business

China's retail reopening hampered by Covid surge

China’s abolishing of its zero Covid strategy has perhaps less to do with civilian protests than a shrinking economy. China, often dubbed the world’s factory, saw production and retail sales miss November forecasts, resulting in the country’s worst output data in six months. Growth was 2.2 percent compared to October’s 5 percent, and below...

Dec 18, 2022

RetailFeatured

China gears up for revenge shopping, again

China was one of the first countries in 2020 to successfully emerge from the pandemic, after stringent lockdowns enforced by the government curbed the spread of Covid-19. In May that year, the term ‘revenge shopping’ was coined, where a sharp growth in purchases after a period of crises sees consumers returning to stores. Queues outside luxury...

Dec 5, 2022

Background

This is how a fashion brand's collection is created

BACKGROUND - What is involved in the development of a fashion collection exactly? FashionUnited has covered everything, from the design and production process to the journey your garment makes from the drawing board to the shop shelf, in this background article. We will start at the beginning, with an explanation of what a fashion collection...

Nov 21, 2022

Retail

China's Singles Day shopping spree enters final stretch

China's Singles Day shopping bonanza entered its final stretch Friday, with all eyes on whether sales can top a record one trillion yuan (140 billion dollars) despite the country's struggling economy. Conceived by technology giant Alibaba, the informal holiday's title riffs on a tongue-in-cheek celebration of singlehood inspired by the four ones...

Nov 11, 2022

Business

Joseph Abboud to enter China through new YouXiang partnership

WHP Global has struck up a long-term licensing deal with YouXiang to bring its brand, Joseph Abboud, to the Chinese market. Through the partnership, the luxury fashion retail group will have the rights to market and distribute the American men’s fashion brand within the region. It will cover all aspects of distribution, including e-commerce,...

Nov 10, 2022