Tag: galeries
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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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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…