Harper’s Bazaar to Launch Philippine Edition
Hearst Magazines International is partnering with Philippine media group AGC Power Holdings to launch the fashion title in November 2027.
Global Markets
A guide to unlocking opportunity in emerging and frontier fashion markets.
Foreign Companies Bet on China's Consumers as Industry Slows
Coffee shops, burger bars and clothes stores are among the foreign businesses in China that say they are thriving despite the economic slowdown that is hurting the manufacturing sector.
Alibaba’s Reliance on China Spooks Investors as Economy Cools
The challenge for Alibaba is that it’s increasingly reliant on China despite aspirations to expand overseas. Chairman Jack Ma has said he wants to eventually get half of the company’s sales from abroad.
The Rich Don't Drive the Luxury Sector
Despite popular belief, demand for personal luxury goods is driven primarily by upwardly mobile 'new money' — not by the 'old money' rich, argues Luca Solca.
Alibaba Revenue Growth Seen Slowest on Record; To Intensify Fight with JD.Com
Alibaba Group Holding Ltd is expected to post its weakest quarterly revenue growth on record, a slowdown analysts say will heat up the battle with smaller rival JD.com Inc in a tougher economy.
Why Italian Luxury Companies Are Still Betting on China
In the face of a plummeting stock exchange and predictions of a prolonged bear market, a group of Italian luxury executives remain cautiously, perhaps improbably bullish about the Chinese economy.
The Luxury Brand Balancing Act
Fashion’s luxury megabrands have long struck a delicate — and highly lucrative — balance between exclusivity and accessibility. But as digital media, globalisation and off-price retailing reshape the industry, are they in danger of losing the balance that made them so successful?
As Slowdown Takes Toll, Pressure Grows on Bailey to Transform Burberry
Christopher Bailey, chief executive officer of Burberry, is now facing a slowdown in the global luxury market that could pose the biggest challenge to his executive career.
Tencent-Backed Women’s Fashion Site Merging With Chinese Rival
China’s Meilishuo.com, a fashion retailer backed by Tencent Holdings Ltd., is merging with rival Mogujie.com, marking the latest alliance in the country’s e-commerce industry.
Mind the Gap
The Savigny Luxury index (“SLI”) continued its descent in December, falling over 6 percent, losing more ground to the MSCI World Index (“MSCI”) which fell just over 5 percent.
Swiss Watch Industry Calls Time on Booming Growth of Prior Years
As the Swiss watch industry prepares for fourth straight year of little to no growth, big producers such as Richemont are trimming back investment in production, while some smaller rivals look for a buyer or risk going under.
Alibaba Warned by US to Combat Sales of Counterfeit Products
Alibaba Holding Group Ltd. has to do a better job of fighting the sale of counterfeit goods and pirated materials on its websites if it wishes to remain off the US government’s annual "Notorious Markets List," according to the US Office of the Trade Representative.
US Trade Office More Concerned about Alibaba E-Commerce Site
The US trade office said it is increasingly concerned about Alibaba Group Holding Ltd's consumer shopping website and warned it must make a greater effort to stop the sale of pirated and counterfeit goods on its online platforms.
THE NEWS IN BRIEF
Pandora Opens World’s Largest Jewellery Factory in Vietnam
The $150 million plant is the Danish jewellers first outside of Thailand, part of a bid to diversify its manufacturing footprint and boost supply-chain resilience.
Vietnam’s Largest Listed Jeweller Forecasts Loss After Diamond Scandal
PNJ also plans to slash its revenue target. Losses in 2026 are expected as a result of a huge provision for customer buybacks following a smuggling scandal.
Chanel Plans to Keep Investing in China Despite Demand Downturn
CEO Leena Nair pointed to the brand’s recent renovation of its Plaza 66 boutique in Shanghai, calling China ‘a market where the clients understand sophistication, refinement.’
Fashion Empire Azzas 2154 to Split Two Years After Failed Merger
Both companies that previously comprised one of Brazil’s largest apparel exporters will retain a stake in Farm Rio after separating.
Indian Fashion Retailer Purple Style Labs Plans IPO
The Bollywood star-backed company behind multi-brand retailer Pernia’s Pop-Up Shop will launch its share sale next week as it taps demand for luxury wedding and occasion wear.
Trump Picks White House Ally Overton to Lead Embattled FDA
The US president chose an ally to steady an agency shaken by staff losses, low morale and fights over vaccines and drug approvals.
Russian E-Tailer Wildberries Hit by Wave of Ukrainian Drone Strikes
The e-commerce giant has seen at least 20 warehouses attacked since mid-July as Kyiv steps up strikes inside Russia and Moscow intensifies its bombardment of Ukraine, more than four years into its full-scale invasion.