The French clothing brand Atelier de Production et de Création (A.P.C.) and consumer-focused investment firm L Catterton have announced a strategic partnership to advance A.P.C.’s global expansi…
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Pinko unveils Sydney flagship store
Pinko, an Italian independent fashion brand positioned at the entry to the luxury segment, opened its flagship store at Westfield Sydney, Australia. Founded in the late 1980s, Pinko is the […]…
Balabala advances expansion in 2023 with strategic locations in Cambodia and the UAE
Children’s fashion and lifestyle brand Balabala continues to expand its footprint in the Middle East and Southeast Asia with the opening of two new stores in early 2023. Founded in […]…
The new Louis Vuitton: Pharrell Williams, Gen-Z shoppers and China price hikes
The tide is turning at Louis Vuitton in 2023. After the sudden death of Louis Vuitton men’s creative director, Virgil Abloh, in November 2021, the French luxury house has finally found a replace…
Luxury brands embrace China’s high-tech Gen-Z this Valentine’s Day
This Valentine’s Day, luxury brands released 500 exclusive collections for the romantic occasion on Alibaba Group’s high-end shopping platform Tmall Luxury Pavilion, leveraging high-tech tools t…
Kering reports 2022 group revenue up despite a mixed fourth quarter
Presenting its 2022 full-year results on February 15, Kering disclosed its group revenue exceeded EUR 20 billion in 2022, up 15 percent as reported and 9 percent on a comparable […]…
China’s luxury market contracts for first time in five years
China’s personal luxury sales contracted 10 percent year-on-year in 2022, ending its five-year run of exponential growth, according to a recent Bain & Company report.…
Luxury brands will continue to focus on China as economy improves
GlobalData said luxury brands will continue to focus on China as the expected revival in its economic growth will drive up sales for them.…
LVMH Asia sales ‘stable’ in 2022
LVMH said its Asia region revenues remained “stable” during 2022, compared to 2021, due to developments in the health situation in China.…
Luxury in Asia: Southeast Asia rising as China recovers
Locally, personal luxury goods in Asia (excluding Mainland China and Japan) surged by 43 percent in 2022, reflecting a strong performance in Thailand and other Southeast Asian countries, coupled with …