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Secoo, once China’s top online luxury goods retailer, has filed a bankruptcy petition for the second time this year, showing how difficult it is for some companies to survive amid waning domestic consumption power in the country. Beijing Siku Shangmao Co, the…
Asia’s largest online luxury platform Secoo has formed a strategic partnership with Chinese company Shangdong Ruyi for the sale and distribution of the latest luxury clothing and accessories. The partnership between the Chinese firms will see both companies…
LVMH-linked L Catterton Asia and JD have jointly invested US$175 million into Asian luxury fashion platform Secoo, via convertible notes. L Catterton and JD together will have the right to appoint a director and an observer to Secoo’s board of directors. But…
Luxury retail platform Secoo has announced a partnership with Italian porcelain manufacturer Richard Ginori exclusively for the Chinese market. The heritage brand, founded almost 300 years ago, is one of the region’s most prestigious manufacturers of fine…
Luxury brands have started embracing e-commerce in China, says the Luxury China report released by digital marketing company L2. It says 91 per cent of luxury brands in China had gone online by June last year, more than double the 43 per cent using e-commerce…
Chinese lifestyle platform Secoo Holding has signed a deal to be the exclusive partner in China for the European Confederation of the Footwear Industry (CEC). With the agreement covering more than 100 European footwear brands, Secoo Group has secured the…
Chinese luxury e-commerce company Secoo Holding Limited on Friday rang the Nasdaq Stock Market opening bell in celebration of its Initial Public Offerings (IPO). Secoo’s IPO of 8,500,000 American depositary shares (ADSs) priced at 13 U.S. dollars per ADS,…
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