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The China Edit | High-End Lingerie, Losing Jobs, Miss Sixty IPO
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
LVMH Sells Donna Karan to G-III Apparel for $650 Million
Following rumours last week, LVMH has agreed to sell Donna Karan International Inc. to G-III Apparel Group Ltd. for an enterprise value of $650 million.
Miss Sixty’s Chinese Owner Said to Plan IPO at $5 Billion Value
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.
Nike Takes China Sales Gold Since 2008 Beijing Olympics
Nike sales growth in Greater China outpaced those of Adidas AG and local rivals Li Ning Co. and Anta Sports Products Ltd. since the 2008 Beijing Olympics.
Nike Optimistic For Sales Rebound in North America
Nike expects sales growth to recover in North America after a weak March-May quarter, helped by the upcoming Olympics, an expansion of its basketball business and clearing excess stock.
Turning Around Tiffany
Tiffany chief executive Frederic Cumenal shares his plans for remaking the 179-year-old jewellery house along with its new advertising campaign, conceived by Grace Coddington.
The Workplace of the Future
The fashion workplace of the future is going to be less centralised, more mobile and more diverse in style and structure.
Swatch Profit Warning Places CEO Hayek Under Fire From Investors
Swatch Group chief executive officer Nick Hayek came under fire from investors for what they called unrealistic projections and a resistance to adapt to a deteriorating market, after the Swiss watchmaker reported collapsing earnings.
Fast Retailing Feels Japan's Brexit Sting With Rising Yen
Billionaire Tadashi Yanai’s Fast Retailing gave an early glimpse of the pain a rising yen is bringing to Japan’s biggest companies since the UK voted to leave the European Union last month.
Fast Retailing Cuts Profit Forecast 3rd Time This Year
Fast Retailing cut its full-year profit forecast for the third time in six months as billionaire chairman Tadashi Yanai seeks to win back budget-minded Japanese shoppers with a low-price strategy.