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Luxury Sector Outlook: Italian luxury group Ermenegildo Zegna also saw revenue fall in the first quarter, dragged down by declining sales of its Thom Browne label in the Greater China region.
Sales updates from Europe's big luxury brands have offered scant reassurance that Chinese demand for high-end fashion is recovering, leaving a cloud over the outlook for the industry. ...
Farfetch has been a black hole undone by grand ambitions without the discipline to achieve them. Now Coupang is caught in its vortex with a $500 million investment.
SHANGHAI--Expensive beauty hauls are a thing of the past for Evelyn Zhu. The Chinese branding professional says she now only spends on skincare essentials, joining millions of other consumers who have cut back on cosmetics in the world’s second biggest market.
SHANGHAI: Expensive beauty hauls are a thing of the past for Evelyn Zhu. The Chinese branding professional says she...