Dealmakers have seen opportunities for merger and acquisitions involving multinational firms that look to spin off their China units, as growth outlook in the country grappling with strict Covid-curbs remains…
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China
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The athleisure apparel brand said it aims to increase its store number in the country – currently 71 – to 220 over the next five years. These stores include flagship…
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AsiaChinaChinese FashionFashion
Hermes Expands in Nanjing as Luxury Industry Bets on Chinese Return
by Jude Turnerby Jude TurnerHermes, which first opened a store in the city in 2010, has now relocated to the upscale mall Deji Plaza, with a wider product selection spread across two floors, from…
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The luxury conglomerate was helped by strong sales of its fashion and leather goods. Solid results in Europe, the US and Japan also helped offset a poor performance in China,…
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AsiaChinaFashionFashion BrandFashion Industry
Puma Raises Revenue Outlook, Handling China Woes Better Than Adidas
by Lola Martinby Lola MartinPuma said its earnings before interest and taxes (EBIT) rose 34.4% on the year to 146 million euros ($148 million), compared with analysts’ average forecast for 128.94 million euros. It…
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AsiaChinaChinese FashionFashionFashion BrandFashion Industry
Chinese Fast-Fashion giant Shein Set to Raise $2.7b, Eyes US IPO Later This Year: Sources
by Audrey Marshby Audrey MarshThe United Arab Emirates’ sovereign wealth fund, Mubadala, is a major investor in this round, as are existing investors, private equity firm General Atlantic (GA) and venture capital group Sequoia…
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AsiaChinaChinese FashionFashion Brand
Hong Kong twin jewellery shows return in brand-new hybrid format
by Cole Burkeby Cole BurkeORGANIZED by the Hong Kong Trade Development Council (HKTDC), the Hong Kong International Jewellery Show and the Hong Kong International Diamond, Gem and Pearl Show are set to return under…
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BeautyBusinessChinaChinese FashionUnited States
U.S. demand boosts L’Oreal fourth-quarter sales, China weighs
by Angel Woodsby Angel WoodsL’Oreal posted 8.1% sales growth in the fourth quarter, a touch slower than in the previous three months, with firm demand in the United States and Europe helping to offset the…
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AsiaChinaFashionFashion BrandFashion IndustryFeaturedNews
Lancôme and China Duty Free host Blooming Rose Spring festival event
The space was transformed into a digital ‘rose wonderland’, incorporating the mall’s existing art and light installations. The large flower garden was decorated with illuminated digital blooms and enhanced by…
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AsiaBusinessChinaChinese FashionFashion Brand
Pandora uncertain about the future in China
by Anika Millsby Anika MillsPandora suffered from both uncertain consumers and corona restrictions in China last year. Still the Danish jewelry company’s profit went from 4 billion DKK the previous year, to 5 billion…
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