Reliance Brands Takes Majority Stake in Abu Jani Sandeep Khosla
Reliance Brands Limited (RBL) will take a 51 percent stake in the 35-year-old designer brand, beloved of both Bollywood stars and billionaires, for an undisclosed sum.
Casey Hall
Media
Vogue’s Global-Local Balancing Act
Inside Vogue’s strategy for winning over local audiences in Asia after a restructuring that gave Anna Wintour control over global editorial operations.
Vogue’s Global-Local Balancing Act
Inside Vogue’s strategy for winning over local audiences in Asia after a restructuring that gave Anna Wintour control over global editorial operations.
China
China’s ‘Zero-Covid’ Policy Poses Renewed Threat to Luxury
Shanghai’s current lockdown will eventually end but a new outbreak in Beijing and no end to the country’s rigid pandemic strategy suggest retail disruptions are likely elsewhere.
China’s ‘Zero-Covid’ Policy Poses Renewed Threat to Luxury
Shanghai’s current lockdown will eventually end but a new outbreak in Beijing and no end to the country’s rigid pandemic strategy suggest retail disruptions are likely elsewhere.
Media
Bea Valdes Named Editor-in-Chief of Vogue Philippines
The launch of the Filipino edition in September will mark a further push into the Southeast Asia region for the magazine.
Bea Valdes Named Editor-in-Chief of Vogue Philippines
The launch of the Filipino edition in September will mark a further push into the Southeast Asia region for the magazine.
China
Are Hermès’ Sales Tactics a Problem in China?
Chinese luxury consumers say they feel increasingly pressured to buy other items before being offered the chance to nab sought-after Birkin and Kelly bags. The sales tactic is reportedly on the rise at brands like Celine and Rolex, too.
Are Hermès’ Sales Tactics a Problem in China?
Chinese luxury consumers say they feel increasingly pressured to buy other items before being offered the chance to nab sought-after Birkin and Kelly bags. The sales tactic is reportedly on the rise at brands like Celine and Rolex, too.
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The News in Brief
China’s Q1 GDP Tops Expectations, March Retail Sales Fall
Chinese consumption took a hit last month as Covid-19 curbs began to bite, with retail sales declining year-on-year for the first time in two years.
Flipkart Pumps $116 Million Into Its Myntra Fashion Platform
The new investment comes as India’s long-time fashion e-commerce leader faces significant challenges from Reliance-owned Ajio and beauty leader Nykaa, which is increasingly expanding into fashion.
China Aims to Recycle 25% of Textile Waste By 2025
As well as recycling a quarter of the 22 million tonnes of textile waste accrued each year, the country is looking to produce two million tonnes of recycled fibre annually within the next three years.
Dior to Show Pre-Fall Collection in Seoul
The event, on April 30, will be the French luxury brand’s first ever runway show in South Korea.
Russian Celebrities and Influencers Destroy Chanel Bags in Protest of ‘Russophobia’
Following reports that the brand is refusing to sell products to Russians abroad unless they agree not to wear or use them in their home country, some have taken to social media, cutting up Chanel handbags in protest.
JD.com Founder Steps Back From CEO Role
Liu Qiangdong, also known by the English name Richard Liu, has been replaced as the e-commerce firm’s chief executive by Xu Lei, effective immediately.
Hypebeast Will List in US Following SPAC Deal
The media and lifestyle brand, which first listed in Hong Kong in 2016, will bring its shares to the Nasdaq following a merger with a special purpose acquisition company, according to a Wall Street Journal report.