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Global Markets

China’s Golden Week Travel Spending Lags Pre-Pandemic Levels

While Chinese people demonstrated a strong desire to travel domestically during the National Day Golden Week holiday period which ended Monday, they were less keen to spend while travelling.


Global Markets

Worldview | BRICS International Fashion Federation Launches in Moscow

This week’s round-up of global markets fashion business news also features China’s National Day Golden Week, Japanese lingerie M&A and Australia’s Mosaic Brands.


Retail

Why Mytheresa Bought Yoox-Net-a-Porter

The merger between the luxury e-tailers has potentially far-reaching implications for the troubled sector.


Luxury

Moncler CEO Outlines Latest ‘Genius’ Strategy

Edward Enninful, Donald Glover, A$AP Rocky and Lucie and Luke Meier of Jil Sander are among the ‘Geniuses’ who will each build a house for the Italian skiwear specialist’s 30,000-square-foot ‘City of Genius’ activation in Shanghai this month, Remo Ruffini tells Tim Blanks.


Marketing

Old-School Magazines Are Brands’ New Favourite Marketing Tactic

Brands from Madhappy and Patta to Bottega Veneta are once again embracing print magazines full of on-brand editorial content as they attempt to escape the algorithm and bypass the drawbacks of social-media marketing.


Beauty

The Sweet-Smelling Revival of Hair Perfume

Slow to catch on but booming post-pandemic, scents specifically made for hair are helping both fragrance houses and haircare brands grow.


Luxury

Op-Ed | LVMH Is in the Luxury Driver’s Seat With F1 Deal

Sponsoring the top-class Formula 1 motor racing competition will help the group’s Louis Vuitton and TAG Heuer brands withstand the luxury downturn, writes Bloomberg’s Andrea Felsted.


Retail

Mytheresa Acquires Yoox Net-a-Porter From Richemont in Equity Deal

Under the terms of the transaction, Richemont will take a 33 percent stake in Mytheresa. The deal brings Richemont’s years-long slog to offload the troubled YNAP to a close.


Retail

Samuel Ross’ Next Move: A Line ‘Engineered by Zara’

After exiting his A-Cold-Wall brand last year, the Virgil Abloh protégé is the latest designer to ink a deal with the Spanish fast fashion giant, widening access to his new SR_A menswear vision.


Marketing

What Fashion Needs to Know About Gen Alpha’s Social Media Restrictions

At least 15 US states have enacted policies regulating cell phone usage among teenagers and children, pointing to the youth mental health crisis and other potential harms of incessant access to the internet. For marketers, the laws pose a barrier to reaching young consumers as well as an opportunity to get to know this cohort better.


Retail

This Week: The Holiday Shopping Season Begins

Consumers are getting choosier about where they spend. Retailers will need to work extra hard to ensure it’s in their stores, and not competitors’.


Sustainability

Fashion’s Plastic Addiction in Four Charts

Cheap and versatile polyester has underpinned both the fashion industry’s growth and its worsening environmental footprint. Efforts to switch to recycled fibre are stalled, new data show.