Luxury houses, streetwear and the Asian designers shaping global style.
Iconix Brand Group has bought the 50 per cent stake in its China joint venture from partner Novel Fashion Brands. Iconix paid Novel’s owners, the Chou family, $56.4 million for the share, of which $40.4 million was paid in cash and $16 million was paid in the…
Jimmy Choo China plans more stores as Asia drives the newly-listed brand’s global growth. This week, Jimmy Choo posted its first results since floating on the London Stock Exchange last year – a small pre-tax loss, largely attributable to IPO costs. About…
Paris-based fashion brand Isabel Marant will expand across Greater China after entering into a partnership with Lane Crawford subsidiary ImagineX Group. The two companies have entered into an exclusive strategic partnership to develop the Isabel Marant brand…
Hong Kong based jeweller Chow Tai Fook says sales in its core Hong Kong market plunged 29 per cent over Lunar New Year. However an 11 per cent rise in mainland sales saw its total sales rise nine per cent during Lunar NY 2015 compared with the same season in…
UK department store Marks & Spencer (M&S) will close five stores in Shanghai. But the company says it remains committed to China as a market and will still proceed with opening new stores in Beijing and Guangzhou between now and the end of 2016. “As announced…
Estée Lauder has revealed its largest store travel retail store yet – at Haitang Bay in Sanya, China. The store, which opened its doors late last year, introduces what the brand describes as “a fresh, dynamic and welcoming environment for shoppers to immerse…
LVMH Moët Hennessy Louis Vuitton SA said on Tuesday that US consumers helped drive revenue gains last year, offsetting continued sluggish sales in China. Lees ook: Sears Opens Multiple New Stores Lees ook: Mobitel launches LTE on 900-MHz spectrum Lees ook:…
Kate Spade is to buy out its Chinese joint venture partner in favour of a new partnership with Lane Crawford Group. Walton Brown, the brand wholesaling and retailing subsidiary of Hong Kong-based department store operator Lane Crawford, will team with Kate…
Malaysia’s Parkson has entered into a joint venture to develop a food retailing business in China as it transforms its department store portfolio into lifestyle centres. The company’s wholly-owned subsidiary Grand Parkson has teamed with fellow Malaysian…
China’s JD.com Inc has partnered Gap Inc to sell the US clothing retailer’s apparel online in China, as the Beijing-based e-commerce company goes head to head with Alibaba Group Holding Ltd to woo big foreign fashion names. Alibaba and JD.com, China’s number…
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