Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
travel-retail
China
The China Edit | Millennial Spending Poses Debt Risk, Michael Jordan Scores Legal Win
Spending and borrowing by Chinese millennials poses a risk to China's fast-growing debt, and basketball player Michael Jordan scores a legal win for his Chinese name.
The China Edit | Millennial Spending Poses Debt Risk, Michael Jordan Scores Legal Win
Spending and borrowing by Chinese millennials poses a risk to China's fast-growing debt, and basketball player Michael Jordan scores a legal win for his Chinese name.
Luxury
Tag Heuer CEO Say New Models Helping to Buck Downturn
Tag's new models are helping it offset the wider challenges of a downturn in the Swiss watch industry.
Tag Heuer CEO Say New Models Helping to Buck Downturn
Tag's new models are helping it offset the wider challenges of a downturn in the Swiss watch industry.
China
The China Edit | Hong Kong's Homegrown Talent, Rise of Domestic Shopper
This week, China looks to its homegrown talent in Hong Kong to drive the future growth of its fashion industry, and the owners of outlet park Bicester Village take a bet on growing demand from domestic Chinese consumers by opening a second outlet park.
The China Edit | Hong Kong's Homegrown Talent, Rise of Domestic Shopper
This week, China looks to its homegrown talent in Hong Kong to drive the future growth of its fashion industry, and the owners of outlet park Bicester Village take a bet on growing demand from domestic Chinese consumers by opening a second outlet park.
News & Analysis
Luxury For Less: Tourists Are Winners in Pound's Drop
The pound has lost almost a fifth of its value against the dollar since the June 23 referendum on EU membership because of uncertainty about Britain's economic prospects.
Luxury For Less: Tourists Are Winners in Pound's Drop
The pound has lost almost a fifth of its value against the dollar since the June 23 referendum on EU membership because of uncertainty about Britain's economic prospects.
Global Markets
After Death of Thai King, Luxury Market Wavers
With a year-long mourning period and a possibly less-than-smooth transition planned, what does the future hold for Thailand's luxury sector?
After Death of Thai King, Luxury Market Wavers
With a year-long mourning period and a possibly less-than-smooth transition planned, what does the future hold for Thailand's luxury sector?
China
The China Edit | ZTO Express Eyes IPO, Alibaba's Payment By Nodding
This week, logistics company ZTO Express set terms for what could be the largest US initial public offering this year and Alibaba introduced a new payment system that allows shoppers to make a payment by nodding.
The China Edit | ZTO Express Eyes IPO, Alibaba's Payment By Nodding
This week, logistics company ZTO Express set terms for what could be the largest US initial public offering this year and Alibaba introduced a new payment system that allows shoppers to make a payment by nodding.
News & Analysis
Chinese Shoppers to Make Asia Surpass Europe for Duty-Free Market Share by 2020
"As more Chinese consumers embark on international trips, their effect on the global duty-free retail market is becoming more apparent."
Chinese Shoppers to Make Asia Surpass Europe for Duty-Free Market Share by 2020
"As more Chinese consumers embark on international trips, their effect on the global duty-free retail market is becoming more apparent."
News & Analysis
In Venice, Duty-Free Shopping Takes on a Whole New Look
"The Fondaco is being rechristened T Fondaco dei Tedeschi and turned into a 72,355-square-foot luxury emporium for the Hong Kong-based DFS
In Venice, Duty-Free Shopping Takes on a Whole New Look
"The Fondaco is being rechristened T Fondaco dei Tedeschi and turned into a 72,355-square-foot luxury emporium for the Hong Kong-based DFS
News & Analysis
Chinese Tourists in Asia are Spending Less But Travelling More
"Average spending dropped by a whole 30 percent across all nationalities in August, with lower spending among Chinese travellers."
Chinese Tourists in Asia are Spending Less But Travelling More
"Average spending dropped by a whole 30 percent across all nationalities in August, with lower spending among Chinese travellers."
Retail
The Potential of Pilgrim Retail
New retail developments in Jeddah and Mecca are evidence of the opportunity presented by increasing numbers of pilgrims travelling to Saudi Arabia.
The Potential of Pilgrim Retail
New retail developments in Jeddah and Mecca are evidence of the opportunity presented by increasing numbers of pilgrims travelling to Saudi Arabia.
Luxury
224-Year-Old Goyard Seduces Luxury Giants
Goyard is among the last of its kind not swallowed up by a larger peer, however Kering chief executive officer Francois-Henri Pinault would not be averse to adding it to his company’s stable of brands, a person familiar with the matter said.
224-Year-Old Goyard Seduces Luxury Giants
Goyard is among the last of its kind not swallowed up by a larger peer, however Kering chief executive officer Francois-Henri Pinault would not be averse to adding it to his company’s stable of brands, a person familiar with the matter said.
News & Analysis
Tapping Travel Retail Amidst Terror
In an increasingly volatile world, retailers must build a global footprint, be flexible and tap travelling consumers at their point of departure.
Tapping Travel Retail Amidst Terror
In an increasingly volatile world, retailers must build a global footprint, be flexible and tap travelling consumers at their point of departure.
The News in Brief
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.
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.