Global Currents Archive

Shanghai Fashion Week Ups the Ante

SHANGHAI, China — If anyone understands the challenges of making reform happen in China, it is Lv Xiaolei. But the powerful vice secretary-general of Shanghai Fashion Week — called ‘Madame Lu’ by reverent insiders — is on a mission to transform her event into the premiere designer showcase in China. “We want to not only become the leading fashion week in China, but also a …

The China Edit | ZTO Express Eyes IPO, Alibaba's Payment By Nodding

“ZTO Express Eyes Largest Chinese Company US IPO Since Alibaba” (Reuters)“ZTO’s IPO later this month, which could raise as much as $1.5 billion, is the latest example of a Chinese company seeking to capitalise on its growth prospects to lure Western investors, while also avoiding the red tape associated with launching IPOs in mainland China.” “Alibaba’s New Payment System Lets Virtual Reality Shoppers Pay by …

Amidst Hong Kong Gloom, Joyce Launches Redesign With Theatrical Exhibition

HONG KONG, China — For the past 18 months, retail sales figures in Hong Kong have suffered thanks to a sharp decline in tourism from the mainland and the rising popularity of online shopping, among many other factors. In the first half of the year, retail sales plunged 10.5 percent compared to the previous year — the biggest drop since 1999 — resulting in many …

In Japan, Tapping the World’s Best Vintage

TOKYO, Japan — These days, vintage fashion is more popular than ever, driven by a growing consumer interest in unique products that signal individuality, as well as rising cost-consciousness and the storytelling value of vintage finds. Indeed, according to the annual resale report published by online consignment website ThredUp, the fashion resale market has grown 82 percent over the last three years, reaching $14 billion, and …

The China Edit | Anya Hindmarch in 'Attack Mode', Teenie Weenie Sold for $900M

“Anya Hindmarch on Attack Mode for Global Growth“ (The Telegraph)“‘If you have lots of flagship stores maybe the slowdown in China is a worry, but when you are new and in attack mode there are masses of opportunity.'” “E-Land Sells Teenie Weenie to Chinese Label in $900 Million Deal“ (Bloomberg)“E-Land Group said it will sell Teenie Weenie to Chinese fashion house V-Grass Fashion Co. in a deal …

Will Digital Media Break China’s Fashion Magazine Oligarchy?

SHANGHAI, China — In less than three years, Vice Media has launched London-born style and young culture bible i-D in eleven new markets, including its recently unveiled presence in China. Now, only a month after easing into the market, the digital-only i-D China has accumulated thousands of followers across WeChat and Weibo, without any formal promotion. Much like i-D’s other international editions, i-D China blends local …

The China Edit | Far East Slowdown, Duty-Free Expansion, Alibaba Revenue

“China’s Luxury Lifestyles Fall Prey to the Far East Slowdown“ (The Telegraph)“The trend has forced many global retailers to change their strategies to lure a new generation of fashionable young Chinese consumers who prefer to purchase luxury global brands on cross-border e-commerce sites, rather than wait for it to be released in China.” “China’s JD.com Revenue Meets Expectations as Slowdown Continues“ (Reuters)“JD.com reported revenue for …

Burberry and Kering Best Positioned to Tap South Korea

LONDON, United Kingdom — South Korea’s large luxury domestic market, steady influx of Chinese tourists and strong department store distribution model represents a unique opportunity for global luxury brands, according to new research by Exane BNP Paribas. Interest in South Korea has grown substantially over the past decade, driven, in part, by the country’s unique melding of fashion, music, entertainment and celebrity. Indeed, only last …