Tag: china
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Topshop and Topman to expand to China
British brands Topshop and Topman are set to expand into mainland China reports WWD. Owner Sir Phillip Green has confirmed he has signed a deal with existing Topshop partner Shangpin.com to open up to 80 standalone stores across the country. Topshop currently has minimal presence in China, with just a shop-in-shop in Beijing's Galeries Lafayette…
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Image of Asia: Wedding dresses at fashion week in Beijing
In this photo by Andy Wong, a model presents a wedding dress designed by Tsai Meiyue during the Mercedes-Benz China Fashion Week in Beijing. Tsai's other creations for weddings included illuminated dresses and a red dress with sheer shoulders and detailed sleeves. The spring-summer China Fashion Week lasts through Oct. 31.
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Olivier Rousteing launches collaboration with NikeLab
Balmain designer Olivier Rousteing celebrated his recent collaboration with NikeLab at a launch party held in Paris, France, WWD reports. The collection, “Football Nouveau” went on sale Thursday, June 2, and is the second NikeLab's Summer of Sport series. Racking up the air miles over the past few days, Rousteing has also unveiled an exhibition in Shanghai,…
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Adidas to return mass shoe production to Germany in 2017
By Jörn Poltz ANSBACH, Germany (Reuters) – Adidas will launch mass production of running shoes at a German factory operated largely by robots next year and plans to open a similar plant in the United States next year, the company said on Tuesday. Founded by German cobbler Adi Dassler in 1949, Adidas had closed all…
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Cool Asian fashion brands challenge Western labels
By Astrid Wendlandt and Joyce Lee SEOUL (Reuters) – Fashion brands from South Korea, China and Japan are becoming serious rivals of their Western peers as Asian consumers become increasingly confident in their own style and take pride in buying home-grown labels. Asian consumers are the world's biggest spenders on high-end fashion, representing around half…
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Luxury market growth to reach low point in 2016: Bain
By Astrid Wendlandt and Pascale Denis VERSAILLES, France (Reuters) – Growth in the more than 250 billion euro ($285 billion) personal luxury goods market should pick up next year, boosted by resurgent demand in the United States and China, after hitting a trough in 2016, consultancy Bain & Co predicted. Bain, whose industry outlook is…
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Luxury market growth to reach low point in 2016: Bain
By Astrid Wendlandt and Pascale Denis VERSAILLES, France (Reuters) – Growth in the more than 250 billion euro ($285 billion) personal luxury goods market should pick up next year, boosted by resurgent demand in the United States and China, after hitting a trough in 2016, consultancy Bain & Co predicted. Bain, whose industry outlook is…
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Chinese firms snap up chunk of French fashion industry
French ready-to-wear fashion labels Sandro, Maje and Claudie Pierlot will be taken over by China's Shandong Ruyi Technology Group under the terms of an exclusivity agreement announced late Thursday. Hot on the heels of the announcement, French lacemaker Desseilles said Friday it is to be acquired by Chinese firm Yongsheng, in another sign of the…
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Hugo Boss CEO to step down at end of month
German fashion house Hugo Boss announced Thursday the resignation of its chief executive Claus-Dietrich Lahrs at the end of February after profits fell last year as a result of sluggish business in China and the United States. A former executive of Christian Dior Couture, Lahrs was appointed CEO at Hugo Boss in 2008. The company…
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Chinese shoppers in South Korea shun luxury for local brands
By Minwoo Park and Joyce Lee SEOUL (Reuters) – Chinese visitors to South Korea are buying less from global luxury mainstays like Louis Vuitton and Chanel in favor of cheaper homegrown brands, as young, independent travelers make up a bigger share of tourists. Lured by the “Korean Wave” of culture exports, from soap operas and…