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The China Edit | Angelica Cheung, Shanghai Tang, L Capital Targets Middle Class Consumption, Luxury Tax – The Business of Fashion

The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market. Angelica Cheung | Source: Courtesy photo “Angelica Cheung, Vogue China Editor-in-Chief” (Financial Times) “Within eight years, Ms Cheung has built from scratch one of Vogue’s biggest and most dynamic international editions. In […]

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Long Overlooked, the Flourishing Philippines – The Business of Fashion

The Philippines has long been overshadowed by its larger neighbours and underestimated by international fashion brands. Now the country is reporting faster economic growth than China. BoF reports. Jacket and tie in the Philippines’ national colours | Source: Ayala Land, Inc. MANILA, Philippines — Mingle long enough with the Filipino jet-set and you’re bound to hear a recurring quip […]

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Market Pulse | After the Age of Abundance – The Business of Fashion

Sales of luxury goods are slowing and, given the uncertain outlook, investors are taking profits, reports Pierre Mallevays, founder and managing partner of Savigny Partners. Savigny Luxury Index June 2013 | Source: Savigny Partners LONDON, United Kingdom —  The Savigny Luxury Index (“SLI”) lost 4.5 percent in June, doing a little worse than the MSCI World Index […]

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The China Edit | Luxury Peaks, Neiman Changes Strategy, LVMH Rushes to Match Changing Tastes, No Slowdown for Armani, Burberry Surges – The Business of Fashion

The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market. Source: Shutterstock “Has Luxury Peaked In The Mainland?” (South China Morning Post) As China’s slowing luxury sector continues to dominate the industry news cycle, the list of possible causes continues to grow, […]

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China’s Anti-Corruption Campaign is Masking the Real Causes of the Luxury Slowdown – The Business of Fashion

Contrary to numerous reports, broad changes in Chinese consumer behaviour and sentiment — not the country’s much publicised anti-extravagance campaign — are the likely causes of China’s luxury slowdown, says Anne Zhang, a reporter for Chinese business magazine CBNweekly. A Gucci store in Beijing | Source: Shutterstock BEIJING, China — For the first time in six years, […]