China news and archive

Puig to conquer Asia: heading for 3 new markets

Puig, the Spanish perfume and cosmetics giant, is set to conquer Asia. The recent opening of subsidiaries in India, Japan and South Korea signals the time for an ambitious offensive, which positions Puig as a major player in this region with immense potential. A new chapter for Puig in Asia In 2023, Puig set up shop in South Korea by creating...

Business

Machine-A exits China to reevaluate positioning

Two years on from opening its first store in China, British multi-brand retailer Machine-A is now set to exit the region as it looks to reevaluate its positioning. In mid-2022, during the Covid-19 pandemic, Machine-A revealed it was to set foot in Shanghai, its first international location where brands such as Mugler, Charles Jeffrey Loverboy...

Fashion

Chanel to present Métiers d'Art Collection in Hangzhou, as creative director announcement looms

French luxury house Chanel will unveil its next Métiers d'Art collection on December 3 in Hangzhou, China. As the maison continues its search for a new creative director, the show will proceed as planned, mirroring the approach taken for the haute couture collection presented in June, which was led by the company's studio team. It is now widely...

Business

Advanced negotiations: Esprit wants to say goodbye to its China business

Following insolvency filings for several of its European subsidiaries, Esprit is now set to exit China. The Hong Kong-based clothing manufacturer has received multiple offers from several independent third parties for the potential acquisition of its Greater China trademarks, the holding company said in a statement on Wednesday. No legally...

Business

Adidas investigating bribery claims in China

Sportswear giant Adidas is believed to have launched an investigation into allegations of bribery among its Chinese staff. The inquiry is understood to have been initiated after the company received an anonymous whistleblower complaint, according to the Financial Times (FT), which initially reported the news. In a letter seen by the media...

Business

Yoox Net-a-Porter to reportedly shutter China operations

Luxury fashion e-tailer Yoox Net-a-Porter (YNAP) is believed to be in the process of closing up shop in China as it looks to put more emphasis on markets it deems more profitable. The decision was confirmed by a spokesperson for the retailer’s parent company Richemont, who told the Financial Times that the move came as part of a wider global...

Retail

JD.com partners with Inditex and launches Massimo Dutti store

E-commerce giant JD.com and China’s largest retailer has announced a strategic partnership with Spanish fashion retail group Inditex, home to brands including Zara, Massimo Dutti, and Oysho. The partnership launches with a new flagship store for fashion brand Massimo Dutti on JD.com's marketplace, as part of Inditex’s broader efforts to cater to...

Fairs |In Pictures

In Pictures: Kingpins returns to China after five-year hiatus

Following a five-year hiatus from the region, denim trade show Kingpins returned to China to once again host its denim-centric event as part of an ongoing global strategy to strengthen its global community. Kingpins China, which took place between May 23 to 25, welcomed over 40 B2B exhibitors and 20 B2C exhibitors, who were on display to the 700...

BusinessFeatured

LVMH strengthens partnership with Alibaba

French luxury conglomerate LVMH Moët Hennessy Louis Vuitton has announced it is deepening its partnership with Chinese e-commerce and technology giant Alibaba to “redefine luxury retail experiences in China”. In a statement, LVMH said the extended partnership aims to push the boundaries of the luxury experience in China by leveraging Alibaba’s...

Business

Burberry wins trademark infringement case in China

British heritage fashion house Burberry has been awarded six million renminbi (675,668 pounds) in damages in a Chinese trademark infringement case. Lusheng, a Chinese law firm and patent agency specialising in multinational intellectual property, helped Burberry win the significant trademark infringement case against Chinese company Xinboli...

Business

Luxury brands lure Chinese shoppers despite slowdown

Sipping champagne and nibbling fried dumplings, Shanghai's rich and influential posed by Louis Vuitton signs at a runway afterparty -- a lavish affair designed to win customers in China's crucial market. China is the world's biggest spender in the luxury sector, accounting for half of global sales. But as its post-pandemic recovery falters,...

Retail

Casadei launches on Tmall Luxury Pavilion

Italian luxury footwear brand Casadei has opened a flagship store on Alibaba’s leading e-commerce platform, Tmall Luxury Pavilion, as part of its continued global expansion and digital strategy plans. In a statement, Casadei said its launch on Tmall would allow it to connect with the “vibrant and digitally savvy Chinese market,” while...