Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
China
Retail
Nike to Slash Number of Online Distributors in China
The sportswear giant aims to direct consumers to official Nike channels in a bid to clean up the marketplace as it continues losing ground to domestic rivals.
Nike to Slash Number of Online Distributors in China
The sportswear giant aims to direct consumers to official Nike channels in a bid to clean up the marketplace as it continues losing ground to domestic rivals.
Retail
Shein Scheduled for IPO Hearing on Thursday, Sources Say
The ultra-fast fashion retailer is scheduled for a hearing with Hong Kong’s stock exchange on Thursday, according to two sources with knowledge of the matter.
Shein Scheduled for IPO Hearing on Thursday, Sources Say
The ultra-fast fashion retailer is scheduled for a hearing with Hong Kong’s stock exchange on Thursday, according to two sources with knowledge of the matter.
Global Markets
The Chinese Photographers Global Brands Are Banking On
Once known primarily for local assignments, Chinese fashion photographers like Julian Song and Annie Lai are now landing global campaigns for brands from Hermès to Gucci on the strength of their artistry and broader appeal.
The Chinese Photographers Global Brands Are Banking On
Once known primarily for local assignments, Chinese fashion photographers like Julian Song and Annie Lai are now landing global campaigns for brands from Hermès to Gucci on the strength of their artistry and broader appeal.
Luxury
Ralph Lauren Wins China Superfans by Selling the American Dream — At the Right Price
Collector Xiao Neng says he has spent at least $1 million on Ralph Lauren clothing over the past four to five years, building a wardrobe so large that he now sells pieces of it in two vintage stores that he opened in downtown Shanghai.
Ralph Lauren Wins China Superfans by Selling the American Dream — At the Right Price
Collector Xiao Neng says he has spent at least $1 million on Ralph Lauren clothing over the past four to five years, building a wardrobe so large that he now sells pieces of it in two vintage stores that he opened in downtown Shanghai.
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Media
Lululemon Apologises After Japanese Drum Controversy at China Event
The brand sparked an uproar on Chinese social media after a yoga event on the Great Wall billed as a traditional performance appeared to feature a Japanese drum.
Lululemon Apologises After Japanese Drum Controversy at China Event
The brand sparked an uproar on Chinese social media after a yoga event on the Great Wall billed as a traditional performance appeared to feature a Japanese drum.
Global Markets
Dispatches From Shanghai: Inside China’s New Luxury Landscape
On his first visit to Shanghai since before the pandemic, Imran Amed finds a market that has fundamentally changed — from status spending to stealth wealth, from megabrands to homegrown labels, from fashion focus to lifestyle emphasis — and asks, can Western brands catch up?
Dispatches From Shanghai: Inside China’s New Luxury Landscape
On his first visit to Shanghai since before the pandemic, Imran Amed finds a market that has fundamentally changed — from status spending to stealth wealth, from megabrands to homegrown labels, from fashion focus to lifestyle emphasis — and asks, can Western brands catch up?
Fashion Week
In Shanghai, the Martens-Margiela Synchronicity
Glenn Martens staged an opulent outing that underscored the depth of his connection to Maison Margiela, but the designer may have found his comfort zone too early, writes Angelo Flaccavento.
In Shanghai, the Martens-Margiela Synchronicity
Glenn Martens staged an opulent outing that underscored the depth of his connection to Maison Margiela, but the designer may have found his comfort zone too early, writes Angelo Flaccavento.
Fashion Week
Can Shanghai Fashion Week Give Rise to Global Labels?
The Shanghai shows can be formulaic and unoriginal, but China’s fashion capital is producing a handful of talents with the potential to go global, reports Angelo Flaccavento.
Can Shanghai Fashion Week Give Rise to Global Labels?
The Shanghai shows can be formulaic and unoriginal, but China’s fashion capital is producing a handful of talents with the potential to go global, reports Angelo Flaccavento.
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Sports
Nike’s China Stumble Exposes Execution Gaps
Operational missteps and fierce competition from domestic rivals like Anta have left the sportswear brand trailing in its second-largest market outside North America.
Nike’s China Stumble Exposes Execution Gaps
Operational missteps and fierce competition from domestic rivals like Anta have left the sportswear brand trailing in its second-largest market outside North America.
Global Markets
Asia Feels Full Force of War-Fuelled Energy Crisis
Asia braces for deepening shortages as Iran war disrupts oil flows, sending everyday goods prices sharply higher across global supply chains.
Asia Feels Full Force of War-Fuelled Energy Crisis
Asia braces for deepening shortages as Iran war disrupts oil flows, sending everyday goods prices sharply higher across global supply chains.
Media
T Magazine China Taps Shaway Yeh as Editor at Large
The appointment forms part of a partnership that will see Chinese publisher Huasheng Media support Yeh’s sustainability agency Yehyehyeh and jointly develop projects across Europe and Asia.
T Magazine China Taps Shaway Yeh as Editor at Large
The appointment forms part of a partnership that will see Chinese publisher Huasheng Media support Yeh’s sustainability agency Yehyehyeh and jointly develop projects across Europe and Asia.
Global Markets
China Luxury Market Forecast to Rebound in 2026, Bain Says
The consultancy expects a ‘modest’ expansion of the mainland luxury market this year but warned that recovery would be fragile and uneven across brands and categories.
China Luxury Market Forecast to Rebound in 2026, Bain Says
The consultancy expects a ‘modest’ expansion of the mainland luxury market this year but warned that recovery would be fragile and uneven across brands and categories.
The News in Brief
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.