Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.
travel-retail
China
The China Edit | Millennial Spending Poses Debt Risk, Michael Jordan Scores Legal Win
Spending and borrowing by Chinese millennials poses a risk to China's fast-growing debt, and basketball player Michael Jordan scores a legal win for his Chinese name.
The China Edit | Millennial Spending Poses Debt Risk, Michael Jordan Scores Legal Win
Spending and borrowing by Chinese millennials poses a risk to China's fast-growing debt, and basketball player Michael Jordan scores a legal win for his Chinese name.
Luxury
Tag Heuer CEO Say New Models Helping to Buck Downturn
Tag's new models are helping it offset the wider challenges of a downturn in the Swiss watch industry.
Tag Heuer CEO Say New Models Helping to Buck Downturn
Tag's new models are helping it offset the wider challenges of a downturn in the Swiss watch industry.
China
The China Edit | Hong Kong's Homegrown Talent, Rise of Domestic Shopper
This week, China looks to its homegrown talent in Hong Kong to drive the future growth of its fashion industry, and the owners of outlet park Bicester Village take a bet on growing demand from domestic Chinese consumers by opening a second outlet park.
The China Edit | Hong Kong's Homegrown Talent, Rise of Domestic Shopper
This week, China looks to its homegrown talent in Hong Kong to drive the future growth of its fashion industry, and the owners of outlet park Bicester Village take a bet on growing demand from domestic Chinese consumers by opening a second outlet park.
News & Analysis
Luxury For Less: Tourists Are Winners in Pound's Drop
The pound has lost almost a fifth of its value against the dollar since the June 23 referendum on EU membership because of uncertainty about Britain's economic prospects.
Luxury For Less: Tourists Are Winners in Pound's Drop
The pound has lost almost a fifth of its value against the dollar since the June 23 referendum on EU membership because of uncertainty about Britain's economic prospects.
Global Markets
After Death of Thai King, Luxury Market Wavers
With a year-long mourning period and a possibly less-than-smooth transition planned, what does the future hold for Thailand's luxury sector?
After Death of Thai King, Luxury Market Wavers
With a year-long mourning period and a possibly less-than-smooth transition planned, what does the future hold for Thailand's luxury sector?
China
The China Edit | ZTO Express Eyes IPO, Alibaba's Payment By Nodding
This week, logistics company ZTO Express set terms for what could be the largest US initial public offering this year and Alibaba introduced a new payment system that allows shoppers to make a payment by nodding.
The China Edit | ZTO Express Eyes IPO, Alibaba's Payment By Nodding
This week, logistics company ZTO Express set terms for what could be the largest US initial public offering this year and Alibaba introduced a new payment system that allows shoppers to make a payment by nodding.
News & Analysis
Chinese Shoppers to Make Asia Surpass Europe for Duty-Free Market Share by 2020
"As more Chinese consumers embark on international trips, their effect on the global duty-free retail market is becoming more apparent."
Chinese Shoppers to Make Asia Surpass Europe for Duty-Free Market Share by 2020
"As more Chinese consumers embark on international trips, their effect on the global duty-free retail market is becoming more apparent."
News & Analysis
In Venice, Duty-Free Shopping Takes on a Whole New Look
"The Fondaco is being rechristened T Fondaco dei Tedeschi and turned into a 72,355-square-foot luxury emporium for the Hong Kong-based DFS
In Venice, Duty-Free Shopping Takes on a Whole New Look
"The Fondaco is being rechristened T Fondaco dei Tedeschi and turned into a 72,355-square-foot luxury emporium for the Hong Kong-based DFS
News & Analysis
Chinese Tourists in Asia are Spending Less But Travelling More
"Average spending dropped by a whole 30 percent across all nationalities in August, with lower spending among Chinese travellers."
Chinese Tourists in Asia are Spending Less But Travelling More
"Average spending dropped by a whole 30 percent across all nationalities in August, with lower spending among Chinese travellers."
Retail
The Potential of Pilgrim Retail
New retail developments in Jeddah and Mecca are evidence of the opportunity presented by increasing numbers of pilgrims travelling to Saudi Arabia.
The Potential of Pilgrim Retail
New retail developments in Jeddah and Mecca are evidence of the opportunity presented by increasing numbers of pilgrims travelling to Saudi Arabia.
Luxury
224-Year-Old Goyard Seduces Luxury Giants
Goyard is among the last of its kind not swallowed up by a larger peer, however Kering chief executive officer Francois-Henri Pinault would not be averse to adding it to his company’s stable of brands, a person familiar with the matter said.
224-Year-Old Goyard Seduces Luxury Giants
Goyard is among the last of its kind not swallowed up by a larger peer, however Kering chief executive officer Francois-Henri Pinault would not be averse to adding it to his company’s stable of brands, a person familiar with the matter said.
News & Analysis
Tapping Travel Retail Amidst Terror
In an increasingly volatile world, retailers must build a global footprint, be flexible and tap travelling consumers at their point of departure.
Tapping Travel Retail Amidst Terror
In an increasingly volatile world, retailers must build a global footprint, be flexible and tap travelling consumers at their point of departure.
The News in Brief
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Unilever Lifts Outlook on Strongest Volume Growth in Over A Decade
Unilever upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline and Dove despite household budget concerns stemming from the Iran war.
J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.
Lenzing Closes UK, Austria Sites in Turnaround Bid
The closures are the latest in a series of cost-cutting and refinancing measures at the textile maker, which has faced headwinds from competition in China and India.