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: EU Beauty Ban … PPR’s Gucci Stake … S&P Downs Guess … Cargo Bill Takes Off …
EU BEAUTY BAN: The European Parliament voted Wednesday in favor of legislation that, if passed by all European Union member states, will ban EU cosmetic companies from testing all new products on animals and bar imports of all new beauty products...
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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)