Tag: China

Hugo Boss shares jumped as much as 10% this Monday morning once the company announced its 2016 operating profit would fall less than expected. Thanks to a 4Q sales recovery boosted by strong sales in China and Britain. Operating profit...
The Retail Giants are Partnering with Shangpin.com to Expand Their Presence In Chinese Territory Lululemon is not the only brand setting its sight on China, WWD reported that Topshop and Topman, both British brands owned by Sir Philip Green, are expanding...
A Chinese e-commerce site, a shop in Beijing, and a shop in Shanghai, those are the three steps already walked by athleisure brand Lululemon, founded in Canada, in the quest of entering the Asian market. Although already being sold...
Retailer Hugo Boss is feeling the effects of the slowdown in China on fashion and name brand goods, and is closing several stores in the country in an effort to cut its costs. Bloomberg Business reported that the German company...
After eight years leading the company, Hugo Boss CEO Claus-Dietrich Lahrs is stepping down, effective February 29, 2016. As noted on The Business of Fashion biography page, Lahrs was hired in 2008 to capitalize on the brand's emergence in China. His strategy...
On Feb. 17, a young Chinese fashion model died during a routine breast enlargement surgery. Ting Ting, from Hong Kong, was only 25 years old. She had a husband and was the mother of a 3-year-old little girl. The model traveled...
Dior, known as one of the most powerful of all French fashion houses, now faces an uneasy future in the wake of the weak luxury goods market worldwide. According to Share Watch, Dior has an impressive earnings history, showing a...
There is good news on the financial front for some high-end luxury brands in terms of third quarter sales, and Burberry is one of those brands that experienced the uptick. Reuters reported that the British fashion company saw a 3...
Luxury design label Louis Vuitton is suffering in part due to China's crackdown on extravagance. In addition to the country's political campaign, the slumping economy has also hit luxury brands hard across the world. Three Louis Vuitton stores have closed...
United States jewelry company, Tiffany & Co., is targeting the Chinese market with its latest marketing campaign for its signature Key. The campaign features videos, all recorded in Chinese and without subtitles and posted to Chinese websites rather than...
Due to slumping sales for the British luxury brand Burberry, the company’s Chief Executive Officer, as well as other employees, are getting pay cuts. Bloomberg noted last week that Burberry Group’s CEO Christopher Bailey is having his pay cut because...
The home goods retailer Laura Ashley has been eyeing an expansion of its brand to India and mainland China. The retailer’s finance boss and COO Seán Anglim said that the company is looking to tap into each of the growing...
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