Agenda-setting intelligence, analysis and advice for the global fashion community.
BEIJING, China
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An emerging narrative this earnings season is that China’s troubled fashion market is stabilising. This week’s results will put that theory to the test.
Had the truce not been extended through Nov. 10, US tariffs on Chinese goods would have jumped to at least 54% starting on August 12.
The once-promising Chinese travel retail market is showing little signs of recovery, causing global beauty giants to reevaluate their strategies and reduce promotions.
With soaring profits and rapidly expanding store networks, ‘heritage-gold’ jewellery brands like Laopu Gold and Lao Feng Xiang are red-hot in China’s otherwise tepid luxury market.
The company has more than 200 stores in the Middle East, said chief executive officer Nick Hayek.
The country’s manufacturing capacity is fast disappearing, with only 3 percent of all garments sold in Australia made onshore.
Incoming TAG Heuer CEO Béatrice Goasglas’s experience in client relations and the US market will be put to the test at LVMH’s biggest watch brand. Veteran Richemont executives preach consistency and a tight grip on retail.
Daniela Morosini and Rachael Griffiths explain why fragrance is moving online – and how brands are increasingly selling scent through storytelling, styling and the idea of a fragrance wardrobe.
