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The China Edit | Tommy Hilfiger Defies Slowdown, IPO Optimism, Industry Slows

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.
Shoppers outside a Tommy Hilfiger store | Source: Shutterstock
By
  • Kate Abnett

"PVH Spends $172m on Tommy Hilfiger's Chinese Partner" (The Financial Times)
"The owner of Tommy Hilfiger is spending $172m to take control of its Chinese joint venture as it seeks to expand in a market where its sales have doubled in the past five years."

"Foreign Companies Bet on China's Consumers as Industry Slows" (Reuters)
"Coffee shops, burger bars and clothes stores are among the foreign businesses in China that say they are thriving despite the economic slowdown that is hurting the manufacturing sector."

"Why China's IPOs Are Still Seen as a Sure Thing" (Bloomberg)
"Chinese stocks may be tumbling at the fastest pace in seven years, but one part of the $5.2 trillion market is hotter than ever: initial public offerings."

"Alibaba's Reliance on China Spooks Investors as Economy Cools" (Bloomberg)
"The challenge for Alibaba is that it's increasingly reliant on China despite aspirations to expand overseas. Chairman Jack Ma has said he wants to eventually get half of the company's sales from abroad."

"Fashion Retailer Diversifies into Property to Reap Stable Rental Income" (South China Morning Post)
"Lawsgroup deputy chairman and chief executive Bosco Law Ching-kit found there were a lot of advantages in running a fashion manufacturer and retailer alongside property investment."

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