Agenda-setting intelligence, analysis and advice for the global fashion community.
"Global Chinese Consumer Leaves No Winners in Luxury Stocks Rout" (Bloomberg)
"The rout in European luxury-goods makers is sparing nobody — regardless of how much they sell in China."
"Alibaba to Buy Back $4 Billion of Stock After Share Price Rout" (Bloomberg)
"Alibaba Group Holding Ltd. will buy back as much as $4 billion of stock as it tries to revive a share price battered by concerns about the slowing Chinese economy less than a year after going public."
"Hong Kong Fashion Retailer I.T Warns of HK$60m Currency Loss Amid Yuan Depreciation" (South China Morning Post)
"Hong Kong saw its first corporate casualty of the rapid-fire yuan devaluation on Thursday as fashion retailer I.T sent out a profit warning saying it had suffered a HK$60 million currency loss that might have "a substantial negative impact" on its earnings between March and August."
"Hugo Boss Shareholder Says Group Will Boost Presence in China" (Reuters)
"German fashion house Hugo Boss will expand its presence in China, key shareholder Gaetano Marzotto said."
"Hong Kong Pop-Up Mall Aims to Ease Tensions Over Mainland Shoppers" (The Financial Times)
"In Hong Kong, plans for the first temporary mall are designed to assuage popular anger with visiting shoppers from mainland China — derided by locals as 'locusts.'"
