China’s capital city has always been less outwardly glamorous than its showy southern neighbor Shanghai, but Beijing has long been and remains the country’s top retail powerhouse.
That’s because, analysts say, the money and power centers of China are firmly rooted in Beijing and they are not going anywhere, despite Shanghai’s overwhelming glitz. The world’s premier brands will continue to set up shop in Beijing for long-term, serious investment prospects in the world’s number-one growth market.
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)