Chinas – Page 3 – Beautifaire

22 Apr

China Insight: Behind China’s Fashion Week Craze

From March to April, from the international stage to the Chinese domestic market, from runway shows to trade fairs, fashion weeks have turn into major events worldwide. With China International Fashion Week, Shanghai Fashion Week, Shenzhen Fashion Week, Xiamen International Fashion Week and a series of fashion weeks in lower-tier cities happening all around the country, what does this mean for the state of the style industry in China. In 2014, Xiamen was known as “the Antwerp in China” in a Latest York Times report, which marked the coastal city’s journey toward gaining the eye of the style world. The next 12 months, Xiamen International Fashion Week was launched, and it has been held for eight years with the support of...

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8 Apr

Galeries Lafayette Forms Joint Enterprise With China’s Hopson Group

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Fashion, Featured

Galeries Lafayette Forms Joint Enterprise With China’s Hopson Group

SHANGHAI — Galeries Lafayette, the French department store chain with three stores in China, is able to scale up with a three way partnership with Hong Kong-listed real estate operator Hopson Group. Under the terms of the agreement, Galeries Lafayette will open a complete of three recent stores this yr, in Shenzhen, Chongqing and Macau, with a goal of reaching 10 stores by 2025, it said in a press release on Thursday. The deal marks the tip of Galeries Lafayette’s decade-long partnership with Hong Kong retailer I.T, which began with a Beijing store that opened in 2013 and a Shanghai location 4 years later. Hopson Group will take over the I.T-operated stores starting this month, but I.T will proceed to operate shops-in-shop...

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7 Feb

Bain: China’s Luxury Market Contracted 10 Percent in 2022

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Beauty, Featured

Bain: China’s Luxury Market Contracted 10 Percent in 2022

LONDON — With waves of tense lockdowns and rounds of crackdowns on the tech, real estate and entertainment sectors in 2022, China’s personal luxury sales contracted for the primary time in five years, a Bain report published Tuesday revealed. The “Setting a Recent Pace for Personal Luxury Growth in China” report estimated that spending in the private luxury space in China shrank by 10 percent in 2022. Just about all luxury categories were impacted, but those with higher online penetration, similar to luxury beauty, performed higher than those with a smaller online presence. The report said the watch market saw the sharpest decline, with sales falling by 20 percent to 25 percent from 2021. Fashion and lifestyle categories saw a 15...

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30 Jan

China Insight: Is China’s Fashion Industry Recovering Since COVID-19

by Beauty Tips

Fashion, Featured

China Insight: Is China’s Fashion Industry Recovering Since COVID-19

Nobody desires to miss the opportunities from China’s reopening. At the tip of 2022, most COVID-19 restrictions were lifted, sparking a latest phase of recovery because the Chinese economy, including the style industry, hopes to bottom out. Yet each consumer psychology and market demand have modified dramatically. When will business be back to normal and can Spring Festival travel now underway generate strong spending? Can the style market bounce back? “Recovery” was a word repeatedly mentioned over the past three years. Nevertheless, the total recovery — from consumption to the provision chain — may very well take three more years. What stage is the style consumer market represented by luxury goods in before the actual recovery comes? Is the footwear supply...

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