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China

Chinese Textile Giant Shandong Ruyi Transfers Lycra to Creditors

A group of lenders to Shandong-based textile giant Ruyi Group has taken over Lycra.

L Catterton to Sell Ganni Up to $700 Million, According to Sources

It's understood that L Catterton has appointed investment bank Lazard to run the sale process, and several…

Chanel Price Hike Speculation Causes Online Frenzy in China

News circled on Chinese social media that the French luxury brand will increase prices again by 10 percent…

Shanghai Consumption Plunged 18 Percent From January to May

Analysts expect fashion retail in Shanghai will likely recover by the end of 2022, and it "depends on the…

Thanks to BTS-like Boy Band, Louis Vuitton Garners 54 Million Men Show Streaming Views in China

While brands are looking to diversify their endorsement mix in China due to crackdowns on the entertainment…

China Insight: China’s Beauty Market Seen Surpassing 1 Trillion Yuan in Sales

While growth has slowed recently, rising household incomes and the increasing growth of domestic brands are…

H&M Shuts Down First and Largest Flagship in China

The world's second-largest fast-fashion retailer quietly closed its first flagship store in mainland China…

Tod’s Doubles Down on China With Xiao Zhan Capsule

In the three months ended March 31, due to strict COVID-19 rules, China was the only region that was lagging…

American Eagle Outfitters to Exit China Market

After closing down all physical retail stores in mainland China, the company recently shut down its Tmall…

Louis Vuitton Names BTS-like Chinese Boy Band Teens in Times as Ambassador

The appointment of the popular boy band comes one day ahead of Louis Vuitton's men's spring 2023 runway show.

U.S., Europe Help Drive Resilience of Luxury Goods Market

According to Bain & Company and the spring update of its Luxury Goods Worldwide Market Study 2022, in…

China Top Livestream Star Austin Li Still Missing After Apparent Political Insensitivity

It's believed that he triggered China's censorship system, as he promoted an ice cream, decorated to look…

Shanghai Fashion Week’s Online Format Thrives With Douyin Partnership

While brands hurried to produce content for the online showcase, Shanghai showrooms plan to host off-line…

EXCLUSIVE: Gender-inclusive Label Ponder.er Scores Yu Prize Top Award

Derek Cheng and Alex Po walk away with a 1 million renminbi cash prize, plus a collaboration opportunity with…

Beauty Brands Eye 618 to Revive China Sales Post COVID-19 Lockdown

The online shopping festival came at a critical time for brands to boost 2022 revenues as strict COVID-19…