By Bloomberg Published Mar 24, 2024 Fears of a slowdown among Chinese shoppers have dogged the luxury industry for the better part of a year. Last week the scale of the problem hit home for one of fashion’s biggest but most exposed brands, Gucci. See catwalkGucci – Fall-Winter2024 – 2025 – Womenswear – Italie – … Read more
Tom Ford Eyewear, the brand for which Marcolin holds the license, has opened a flagship store on the Tmall Luxury Pavilion in China. Tom Ford Eyewear/Marcolin The new space features a wide spread of its sunglasses, optical frames and ski goggles. The company said it “marks a milestone, connecting the brand’s sartorial excellence with the … Read more
By Reuters Published Jan 1, 2024 Chinese online retailer JD.com said on Friday that it won a lawsuit against rival Alibaba, which was fined 1 billion yuan ($140.68 million) for monopolistic practices. Reuters The High People’s Court of Beijing ruled that Alibaba Group Holding Limited along with Zhejiang Tmall Network Co and Zhejiang Tmall Technology … Read more
Translated by Nicola Mira Published Dec 18, 2023 Chinese e-commerce giant Alibaba continues to pour money into Lazada. The group has reportedly invested an additional $634 million (€581 million) in its Singapore-based e-tail subsidiary. The aim is to bolster Lazada as it faces increasing competition from TikTok and other pure players in South-East Asia. Lazada … Read more
By Reuters API Published Dec 8, 2023 Expensive beauty hauls are a thing of the past for Evelyn Zhu. The Chinese branding professional says she now only spends on skincare essentials, joining millions of other consumers who have cut back on cosmetics in the world’s second biggest market. Reuters “In recent years we all bought … Read more
