BEIJING — Foreign consumer product brands lost market share to their Chinese competitors in 2013, particularly succumbing ground in skin care and cosmetics, according to a new study by Bain & Co. and market research firm Kantar Worldpanel.
The China Shopper Report 2014 surveyed 40,000 Chinese households to find out where foreign companies gained and lost share in the personal-care, home-care, beverages and packaged food markets, while also asking about online consumption. Overall, about 60 percent of foreign brands in the study lost market share.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)