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.
Shanghai, China
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.
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.
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Global Markets
Second-Tier Cities Are Critical to Reviving Luxury Growth in China
Hubs like Nanjing and Changsha are drawing increased attention from brands such as Louis Vuitton and Burberry as middle-class consumers relocating from Beijing and Shanghai in search of higher quality of life take their appetite for luxury goods with them.
Second-Tier Cities Are Critical to Reviving Luxury Growth in China
Hubs like Nanjing and Changsha are drawing increased attention from brands such as Louis Vuitton and Burberry as middle-class consumers relocating from Beijing and Shanghai in search of higher quality of life take their appetite for luxury goods with them.
Retail
Despite Tariffs, China Consumer Giants Push Into the US As Domestic Market Stalls
Brands like Urban Revivo and Pop Mart are expanding into the US retail market to seek higher margins and offset slower domestic spending.
Despite Tariffs, China Consumer Giants Push Into the US As Domestic Market Stalls
Brands like Urban Revivo and Pop Mart are expanding into the US retail market to seek higher margins and offset slower domestic spending.
Global Markets
China’s Singles’ Day Shopping Winds Down With ‘Muted’ Sentiment, Sales Expectations
The world’s largest shopping event failed to spark widespread excitement as ongoing consumer malaise tempered spending.
China’s Singles’ Day Shopping Winds Down With ‘Muted’ Sentiment, Sales Expectations
The world’s largest shopping event failed to spark widespread excitement as ongoing consumer malaise tempered spending.
Luxury
Luxury Brands Turn On the Charm in China to Kindle Spending Recovery
Companies are shifting focus from rapid expansion to deeper engagement with wealthy consumers as they seek growth in the uncertain market.
Luxury Brands Turn On the Charm in China to Kindle Spending Recovery
Companies are shifting focus from rapid expansion to deeper engagement with wealthy consumers as they seek growth in the uncertain market.
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Global Markets
Chinese Zara Rival Urban Revivo Steps Up Global Push With New Stores in Fashion Capitals
The fast-fashion retailer is expanding with new store openings in London, New York, and Hong Kong, aiming for 200 overseas locations within five years.
Chinese Zara Rival Urban Revivo Steps Up Global Push With New Stores in Fashion Capitals
The fast-fashion retailer is expanding with new store openings in London, New York, and Hong Kong, aiming for 200 overseas locations within five years.
Retail
Forever 21 Looks to Resurrect China, North America Businesses With New Partners
The fast-fashion brand is making its fourth attempt to re-enter the Chinese market, by localising operations and targeting young consumers, while also seeking a new partner for its North American relaunch.
Forever 21 Looks to Resurrect China, North America Businesses With New Partners
The fast-fashion brand is making its fourth attempt to re-enter the Chinese market, by localising operations and targeting young consumers, while also seeking a new partner for its North American relaunch.
Retail
Pop Mart CEO Says Labubu-Maker’s Revenue Could Hit Over $4 Billion This Year
The toy company saw its half-year profits soar nearly 400 percent, driven by overwhelming demand for its collectible toys like the Labubu doll.
Pop Mart CEO Says Labubu-Maker’s Revenue Could Hit Over $4 Billion This Year
The toy company saw its half-year profits soar nearly 400 percent, driven by overwhelming demand for its collectible toys like the Labubu doll.
Global Markets
In Shanghai, Fresh Energy Despite the Downturn
From Samuel Guì Yang to Ao Yes, Shanghai Fashion Week’s best shows were those with a modern take on Chinese dressing, reports Angelo Flaccavento.
In Shanghai, Fresh Energy Despite the Downturn
From Samuel Guì Yang to Ao Yes, Shanghai Fashion Week’s best shows were those with a modern take on Chinese dressing, reports Angelo Flaccavento.
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.