Swatch Sales Miss Estimates, Hit by Low Demand in China Swatch Group, the renowned Swiss luxury company, has recently faced a considerable setback in its sales performance during the first half of 2025. The primary factor contributing to this downturn has been identified as the significantly low demand for Swatch products in the Chinese market. […]
Inditex Shutters Bershka, Pull & Bear and Stradivarius Businesses in China
Inditex Closes Bershka, Pull & Bear, and Stradivarius Businesses in China Inditex, the Spanish retail powerhouse behind popular fashion brands like Zara, has made a strategic decision to shut down the e-commerce operations of three of its well-known labels in China. This move will see the closure of Bershka, Pull & Bear, and Stradivarius in […]
Fantastic Man Magazine Launches in China
Fantastic Man Magazine Launches in China Fantastic Man, the renowned men’s fashion and lifestyle magazine, is making its grand entrance into the Chinese market with an exciting new addition. Former Yves Saint Laurent creative director Stefano Pilati will be joining Fantastic Man China as the editor at large, bringing his wealth of experience and unique […]
Lagardère Travel Retail Reports 60% Drop In Global Revenues, but China Outperforms
Lagardère Travel Retail Reports 60% Drop In Global Revenues, but China Outperforms The impact of the global pandemic on the retail industry has been profound, with many companies experiencing significant losses in revenue. Lagardère Travel Retail, a French travel retailer known for its partnerships with luxury brands such as Bottega Veneta, Gucci, and Tiffany, recently […]
Hugo Boss Warns of Weaker Demand in US and China, Risks From Tariffs
Hugo Boss Warns of Weaker Demand in US and China, Risks From Tariffs Hugo Boss, the renowned fashion house, has recently issued a cautionary statement regarding a potential dip in consumer demand in key markets such as the United States and China. The company, known for its high-end apparel and accessories, highlighted concerns about the […]
Moncler Shares Surge, Boosted by Recovery in China
Moncler Group’s Full-Year Revenues Rise 7% to €3.11 Billion, Boosted by Recovery in China Moncler Group has recently made headlines in the business world with its impressive financial performance. The luxury fashion company announced that its full-year revenues have surged by 7 percent, reaching a substantial €3.11 billion ($3.42 billion). This remarkable growth has been […]
Richemont’s Sales in China Fall 27%
The Swiss luxury group Richemont, known for its prestigious brands like Cartier and Vacheron Constantin, has reported a notable decline in its sales, particularly in the key market of China. The company’s six-month sales fell by one percent overall, with sales in China, Hong Kong, and Macau plummeting by an alarming 27 percent from the […]
Tiffany to Downsize China Flagship as Spending Dives
The luxury market is witnessing significant transformations, with Tiffany & Co. at the forefront of these changes. The LVMH-owned jeweler has announced plans to downsize its flagship store in Shanghai amidst sharply declining sales in China, the world’s second-largest economy. This decision was reportedly influenced by a noticeable shift in consumer behavior and economic challenges […]