Luxury brands are ditching China, and fast– but why?
French luxury group Kering closed two Gucci stores in Shanghai last month. Those closures followed at least eight in the ...
Sixth Tone1mon
‘KOS’ Players: Can Social Media Revive China’s Luxury Sector?
These brands share a common goal: finding new growth opportunities amid industry turbulence. Rise and fall Since 1992, when Louis Vuitton opened the first luxury boutique in the Chinese mainland, in ...
Genesis plans to localize EV production in China, report says
Genesis will roll out locally produced electrified models in China over the next three to five years, the Beijing-based ...
SHINE5d
'Hermès of Gold' beguiles the affluent with exclusivity, ancient designs
Beijing-based Laopu Gold is the first in China to adapt traditional Chinese craftsmanship to modern jewellery design. Its ...
Gucci, Prada close more China outlets as consumers cut luxury spending
Store closures are also hurting mall owners and undermining projections for an end to the multi-year property market slump.
Make room Starbucks and McDonald's. China's Mixue and other brands win fans in Southeast Asia
Chinese food and beverage brands are gaining fans across Southeast Asia, offering alternatives to big name American chains and expanding Beijing's commercial and cultural sway in neighboring economies ...