Ralph Lauren quietly shuttered its two-year-old 20,000-square-foot store last week. Other brands are expected to close boutiques in a city that has lost its luster for cash-rich mainland Chinese tourists.
The decision could be a landmark ruling for Western brands in China.
December 8, 2016
• Nyima Pratten
In Brief: Cheers for Bravo … Ferragamo to Atlanta … Columbia Deal Done …
CHEERS FOR BRAVO: Rose Marie Bravo, chairman and chief executive officer of Burberry, has been elected to the board of Estée Lauder Cos. Leonard A. Lauder, Lauder chairman, said in a statement: "We’re very pleased. Her extensive...
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@rebeccaminkoff is bringing self-checkout to high fashion: The brand has partnered with @queuehop to bring its customers self-checkout options, beginning this holiday season at its SoHo store. (📷: @aurorarosephoto)