SHANGHAI — China’s luxury market is in reboot mode.
Major players, including PPR, LVMH Moët Hennessy Louis Vuitton and Compagnie Financière Richemont have all signalled a rethinking of their strategies in Mainland China, cutting back on store openings in far-flung locales in order to focus on improving their offerings within the cities they already serve.
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)