China’s Ant to become financial holding firm under enforced revamp
The overhaul comes two days after e-commerce giant Alibaba Group Holding Ltd, of which Ant is an affiliate, was hit with a $2.75 billion antitrust penalty as…
Read moreChina set to become world’s second-largest prestige perfumery market by 2025
In 2020 and 2021, years that were greatly affected by the Covid-19 pandemic, China, currently celebrating, like most of Asia, the lunar new year and the year…
Read moreGen Z beauty- omnichannel, influencers and tech are key
With that in mind, the Pull Agency surveyed 1,200 UK consumers to get an insight into how Gen Z is shopping and what influences them.While the short…
Read moreFashion companies prioritize sustainability amidst coronavirus crisis
Based on a survey of 150 executives working in the fashion, retail and textile industries in Europe and the U.S., the study found that 60% of those…
Read moreChina mills seek more cotton from state reserves to ease supply squeeze
Greater dependence on reserves at the world’s top importer could dent a rally in global cotton futures that hit a two-year high this month. But in the…
Read moreParis Olympics set for gold medal in luxury promotion
Parisian luxury jewellery house Chaumet, one of LVMH’s lesser-known properties, was thrust into the public limelight on Thursday when its design for the medals for the July…
Read moreDrake, 21 Savage are sued for using ‘Vogue’ name to promote album
Conde Nast said the rappers’ promotional campaign, including to their more than 135 million social media followers, was built “entirely” on the unauthorized use of Vogue trademarks…
Read moreSwiss watchmaker says it’s time to make luxury sustainable
The small ID Geneve start-up launched in 2020, vowing to make high-end watches with a climate- and environmentally-friendly circular production approach using non-traditional materials.”It is out of the…
Read moreUK retail sales grow modestly in January
The CBI distributive trades survey’s retail sales balance fell to +12 in January from +20 in December, in line with the forecast in a Reuters poll.Britain’s economy…
Read moreThe American Apparel and Footwear Association, CFDA protest Trump tariffs on China
On June 17, a letter organized by the AAFA, CFDA and the Accessories Council was sent to President Trump, detailing opposition to the use of tariffs in…
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