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The China Edit | Prada, Fast Retailing, Hu Bing

The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Prada store | Source: Shutterstock
By
  • Kate Abnett

"Prada Profit Tumbles as Luxury-Goods Maker Struggles in China" (Bloomberg)
"Prada SpA reported first-quarter profit that trailed analysts' estimates as the Italian fashion house struggled to reverse a slump in sales in China."

"Chinese Workers at Uniqlo Supplier Go on Strike Over Firings" (Bloomberg)
"Hundreds of factory workers at a Chinese supplier to Fast Retailing Co. are striking over the dismissal of some of the employees, forcing production to shut down, a labor rights group said."

"Is China Falling Out of Love with Luxury?(CNBC)
"Based on feedback from the experts on the ground in China, it seems as if no turnaround in sales at luxury retailers is on the horizon."

"Hu Bing: The Dapper Diplomat Exporting British Style to China" (CNN)
"As its first international style ambassador, Hu will champion British fashion in his homeland and beyond."

"In China, The Devil Now Wears Zara" (Forbes)
"It's not that the Chinese don't crave lux items—they may account for 46% of the world's spending on them—but they make about 76% of their lux purchases outside their country."

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