De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
China
Media
T Magazine China Taps Shaway Yeh as Editor at Large
The appointment forms part of a partnership that will see Chinese publisher Huasheng Media support Yeh’s sustainability agency Yehyehyeh and jointly develop projects across Europe and Asia.
T Magazine China Taps Shaway Yeh as Editor at Large
The appointment forms part of a partnership that will see Chinese publisher Huasheng Media support Yeh’s sustainability agency Yehyehyeh and jointly develop projects across Europe and Asia.
Global Markets
China Luxury Market Forecast to Rebound in 2026, Bain Says
The consultancy expects a ‘modest’ expansion of the mainland luxury market this year but warned that recovery would be fragile and uneven across brands and categories.
China Luxury Market Forecast to Rebound in 2026, Bain Says
The consultancy expects a ‘modest’ expansion of the mainland luxury market this year but warned that recovery would be fragile and uneven across brands and categories.
Global Markets
Second-Tier Cities Are Critical to Reviving Luxury Growth in China
Hubs like Nanjing and Changsha are drawing increased attention from brands such as Louis Vuitton and Burberry as middle-class consumers relocating from Beijing and Shanghai in search of higher quality of life take their appetite for luxury goods with them.
Second-Tier Cities Are Critical to Reviving Luxury Growth in China
Hubs like Nanjing and Changsha are drawing increased attention from brands such as Louis Vuitton and Burberry as middle-class consumers relocating from Beijing and Shanghai in search of higher quality of life take their appetite for luxury goods with them.
Global Markets
Top Designers Shed Secrecy Around Work for Chinese Brands
The growing power, prestige and global ambition of Chinese brands has ended the era of discretion for fashion heavyweights, with figures such as ex-LVMH designers Kim Jones and Kris Van Assche now publicly promoting their roles at Bosideng and Anta respectively.
Top Designers Shed Secrecy Around Work for Chinese Brands
The growing power, prestige and global ambition of Chinese brands has ended the era of discretion for fashion heavyweights, with figures such as ex-LVMH designers Kim Jones and Kris Van Assche now publicly promoting their roles at Bosideng and Anta respectively.
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Retail
Despite Tariffs, China Consumer Giants Push Into the US As Domestic Market Stalls
Brands like Urban Revivo and Pop Mart are expanding into the US retail market to seek higher margins and offset slower domestic spending.
Despite Tariffs, China Consumer Giants Push Into the US As Domestic Market Stalls
Brands like Urban Revivo and Pop Mart are expanding into the US retail market to seek higher margins and offset slower domestic spending.
Global Markets
China’s Singles’ Day Shopping Winds Down With ‘Muted’ Sentiment, Sales Expectations
The world’s largest shopping event failed to spark widespread excitement as ongoing consumer malaise tempered spending.
China’s Singles’ Day Shopping Winds Down With ‘Muted’ Sentiment, Sales Expectations
The world’s largest shopping event failed to spark widespread excitement as ongoing consumer malaise tempered spending.
Luxury
Luxury Brands Turn On the Charm in China to Kindle Spending Recovery
Companies are shifting focus from rapid expansion to deeper engagement with wealthy consumers as they seek growth in the uncertain market.
Luxury Brands Turn On the Charm in China to Kindle Spending Recovery
Companies are shifting focus from rapid expansion to deeper engagement with wealthy consumers as they seek growth in the uncertain market.
Global Markets
China’s Golden Week Holiday Spending Falls in Latest Red Flag for Economy
Average spending during the recent Golden Week holiday dipped to a three-year low, indicating continued weak consumer confidence amidst various economic pressures.
China’s Golden Week Holiday Spending Falls in Latest Red Flag for Economy
Average spending during the recent Golden Week holiday dipped to a three-year low, indicating continued weak consumer confidence amidst various economic pressures.
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Beauty
China’s Consumer Price Wars Are Coming for Botox and Skincare
First, the deflation sweeping China’s economy came for its cars and fast food. Now it’s coming for Botox and photorejuvenation.
China’s Consumer Price Wars Are Coming for Botox and Skincare
First, the deflation sweeping China’s economy came for its cars and fast food. Now it’s coming for Botox and photorejuvenation.
Global Markets
Chinese Zara Rival Urban Revivo Steps Up Global Push With New Stores in Fashion Capitals
The fast-fashion retailer is expanding with new store openings in London, New York, and Hong Kong, aiming for 200 overseas locations within five years.
Chinese Zara Rival Urban Revivo Steps Up Global Push With New Stores in Fashion Capitals
The fast-fashion retailer is expanding with new store openings in London, New York, and Hong Kong, aiming for 200 overseas locations within five years.
Retail
Forever 21 Looks to Resurrect China, North America Businesses With New Partners
The fast-fashion brand is making its fourth attempt to re-enter the Chinese market, by localising operations and targeting young consumers, while also seeking a new partner for its North American relaunch.
Forever 21 Looks to Resurrect China, North America Businesses With New Partners
The fast-fashion brand is making its fourth attempt to re-enter the Chinese market, by localising operations and targeting young consumers, while also seeking a new partner for its North American relaunch.
Retail
Pop Mart’s New Mini Labubu Doll Sells Out Instantly in China
The robust demand in China bodes well for launches in major overseas markets including the US, Thailand and Australia, where the toys will be available online starting Friday morning.
Pop Mart’s New Mini Labubu Doll Sells Out Instantly in China
The robust demand in China bodes well for launches in major overseas markets including the US, Thailand and Australia, where the toys will be available online starting Friday morning.
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.