Beauty

Beauty Forced to Confront Racism

clock June 5, 2020Alexa Tietjen and Allison Collins and Ellen Thomas

Fashion

Voices of Fashion's Black Creatives on the Work to Be Done

clock June 5, 2020Andrew Shang and Victor Vaughns Jr. and Thomas Waller and Luis Campuzano and Emily Mercer and Rosemary Feitelberg

Fashion

Bottega Veneta Taps Designer Matthieu Blazy

clock 24hMiles Socha

China

Victoria's Secret store London

Financial

Victoria’s Secret U.K. Explores Refinancing Options, Possible Sale

Parent company L Brands files for credit protection in the U.K., a move that will impact the lingerie business’ 25 U.K. stores.

clock June 5, 2020Kellie Ell and Samantha Conti

kevin-grieve-696286-unsplash

Business Features

Why WeChat Is Not Social Media

Growth and engagement rates on the ubiquitous app are sliding. This is how international brands should adjust, writes DLG’s Pablo Mauron.

clock June 5, 2020Pablo Mauron

Adidas' flagship store in Shanghai, China.

Financial

Adidas’ China Sales Pick Up but Outlook Remains Grim

Chinese consumption is recovering earlier than expected. But it’s unlikely to be quick enough to make a significant difference to dire predictions for this quarter.

clock June 4, 2020Cathrin Schaer

People buy snacks at a commercial street in Changchun, northeast China's Jilin Province.

Markets

What Does China’s U-turn on Street Vendors Mean for Fashion?

Chinese Premier Li Keqiang wants the revival of street vendors to revitalize small businesses, how should fashion capitalize on the policy?

clock June 4, 2020Tianwei Zhang

People wearing protective face masks stand on an escalator in a shopping mall where many luxury store opened in Beijing, China, 26 March 2020. Chinese people are going back to normal daily life after COVID-19 coronavirus outbreak in China.Chinese people going back to normal daily life after COVID-19 coronavirus outbreak in China, Beijing - 26 Mar 2020

Financial

Silent Luxury to Win in the Post-COVID-19 ‘Next Normal’ Luxury Scenario

McKinsey presented the results of a research conducted in collaboration with the Italian fashion chamber and Pitti Immagine.

clock June 3, 2020Alessandra Turra

Jackson Yee has been appointed T Ambassador for Tiffany & Co. in China

Fashion Scoops

Tiffany & Co. Taps Jackson Yee As Brand Ambassador

While uncertainty looms over LVMH’s $16.2-billion offer for Tiffany & Co., the jeweler presses ahead with its China expansion.

clock June 3, 2020Tianwei Zhang

Maje Spring Summer 2020 campaign

Mergers and Acquisitions

Ruyi Group $495M State-owned Investment Falls Through

Faced with mounting debts, it will focus on restructuring its portfolios, high-tech fabrics, and automated production to improve profitability.

clock June 2, 2020Tianwei Zhang

Xiaodong Chen, president and chief executive officer at Alibaba's Intime Retail Group

Business Features

CEO Talks: Intime Retail’s Xiaodong Chen on Swift China Rebound

Thanks to live-streaming and free delivery, the Alibaba-owned retailer saw online business quadruple and revenue bounce back in May.

clock June 2, 2020Tianwei Zhang

A woman walks past a Tiffany & Co. store at a shopping mall in Beijing. The designer boutiques of Manhattan and Paris are feeling the chill of a Chinese economic slowdown that has hammered automakers and other industries. That is jolting brands such as Louis Vuitton and Burberry that increasingly rely on Chinese customers who spend $90 billion a year on jewelry, clothes and other high-end goods. The industry already is facing pressure to keep up as China's big spenders shift to buying more at the spreading networks of luxury outlets in their own countryLuxury Shopping Chill, Beijing, China - 29 Nov 2018

Financial

Tiffany Annual Shareholder Meeting Avoids Talk of COVID-19 or Unrest

Instead, the luxury retailer emphasized the markets around the globe where it continues to grow.

clock June 1, 2020Kellie Ell

Sanya, a popular beach destination on China's Hainan Island.

Business Features

Sanya Poised to Boom as China’s Summer Shopping Destination

The tropical isle boasts natural beauty and as of June 1, a duty-free allowance that has more than tripled to 100,000 rmb.

clock June 1, 2020Tiffany Ap

Furla

Handbags

Furla to Open New Plant, Introduce New Store Concept

The Italian accessories company has been streamlining its distribution globally and raising its positioning.

clock May 29, 2020Luisa Zargani

Michael Kors store

Retail

Michael Kors, Versace Parent Company Slowly Reopening Stores

The fashion house hopes to have the majority of its retail fleet open by July.

clock May 28, 2020Kellie Ell

Canali-Changsha-Yunda-Store

Fashion Scoops

Canali Assumes Control of 10 Chinese Stores

The number of directly operated stores in China will amount to 26.  

clock May 28, 2020Martino Carrera

Liu Wen and her mentor Joseph Carle, who discovered her when she was a fitting model at Marie Claire China.

People

Fashion Editor Joseph Carle, Who Discovered Liu Wen, Dies at 65

Carle was credited with discovering Liu Wen when she was a fitting model and the launch of the Chinese editions of Marie Claire and Numéro.

clock May 26, 2020Tianwei Zhang

Alibaba founder Jack Ma dressed in a cheongsam in 2019 Ali Day

Financial

Alibaba Expects Growth to Decelerate in Fiscal Year 2021

It aims to achieve more than 650 billion renminbi in revenue this year, indicating the speed of growth will slow down from 35 to 27.5 percent.

clock May 22, 2020Tianwei Zhang

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Essentialist

Today's Must Read

Beauty companies donate black lives matter

Beauty

Beauty Companies Donate to Black Lives Matter

clock June 5, 2020Alexa Tietjen

Social Studies