Tag : China
Li & Fung privatisation gets green light Subscription
Shareholders of Chinese sourcing giant Li & Fung have given the green light to a proposal that will allow its founding family to take the company private.
Arket to launch in ChinaSubscription
H&M Group’s Arket is launching in China with a digital flagship store on Alibaba’s Tmall, marking the retailer’s first expansion outside of Europe.
Fashion retailers are becoming increasingly concerned about the impact of the Covid-19 coronavirus on stock for autumn 20 and the longer-term effects that could be felt for the next “six to 12 months”.
Coronavirus: the fallout in fashionSubscription
Coronavirus continues to wreak havoc across the global economy. Drapers looks at the impact on fashion supply chains, how retailers are responding and how the shut-down in China could lead to long-term changes to sourcing habits.
Burberry warns on coronavirus Subscription
British luxury brand Burberry has warned that the coronavirus outbreak has resulted in a “material negative effect” on luxury demand in the Chinese market.
Nike has announced the temporary closure of half of its stores in China as the coronavirus outbreak continues to develop.
British luxury brand Burberry has announced it is to show its autumn 20 collections in Shanghai this April – the latest in a series of measures to boost growth and engagement in the Chinese market.
Harrods to open first store outside UKSubscription
Luxury London-based department store Harrods is reportedly set to open a new store in China next year, its first store outside the UK.
Alibaba sales hit £30bn this Singles' DaySubscription
Chinese retailer Alibaba Group generated RMB268.4bn (£29.8bn) in sales during yesterday’s Singles’ Day shopping extravaganza.
Alibaba hires executives to expand UK portfolio Subscription
Chinese retail giant Alibaba has reportedly hired a small team of executives at its London offices to build a UK portfolio.