China news and archive

Brooks Running reports 'record-breaking' global growth of 16 percent YOY for FY25

American sportswear brand Brooks Running reported “record-breaking” global revenue for the fiscal year 2025, reaching a 16 percent increase year-over-year as it builds on its nine consecutive years of growth. Brooks’ runner-first focus drove strong performance across key markets, with the running brand reporting strong regional performance...

Retail

Manolo Blahnik doubles down on Mainland China, opens second store

Footwear label Manolo Blahnik has opened its second store in Mainland China, doubling down on the market as it continues wider global expansion. The company now operates 21 stores globally. This new location is the first Manolo Blahnik boutique in Beijing, and opens over one year on from the brand’s Chinese retail debut in Shanghai. Located...

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Business

LVMH sells its travel retail business (DFS) in China

LVMH announced on Monday the sale of its Duty Free Shops (DFS) business in China to CTG Duty-Free, a major travel retail operator headquartered in Beijing. “As part of this transaction, CTG Duty-Free will acquire the DFS stores located in Hong Kong and Macau, as well as intangible assets including a portfolio of DFS brands and intellectual...

Fashion

Li-Ning ignites olympic flame in Milan

Bringing a touch of winter to Milan Fashion Week, Li-Ning—the Chinese Olympic Committee's official partner—reimagined its runway as a striking, snow-covered landscape. A huge ice palace served as the backdrop from which the models descended. A platform, where a red railway carriage was stationed, set the scene. It guided guests through the...

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CLO announces legal win in copyright infringement lawsuit against Style3D

CLO Virtual Fashion, the parent company of 3D fashion design software CLO, recently announced a legal victory in its copyright infringement lawsuit against the parent company of Style3D. In a statement released late on January 14, CLO shared that it had obtained “a final and binding judgment” from the Zhejiang Provincial High People’s Court...

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China eases tariffs on certain textile and leather products

The Chinese government has introduced a reduction to tariffs on certain raw materials, including strategic inputs for textiles and leather, as it looks to bolster its position as a key sourcing hub. The new plan, which came into effect January 1, 2026, was approved by the Customs Tariff Commission of the State Council and published by China’s...

Retail

Saint Laurent Rive Droite, the brand's cultural concept, launches in China

Saint Laurent Rive Droite, the house's cultural concept store conceived by Anthony Vaccarello, is opening a location in Beijing, China. In the 1960s, Yves Saint-Laurent Rive Gauche democratised luxury with its ready-to-wear line, Saint Laurent Rive Gauche. In 2019, Anthony Vaccarello, the house's artistic director, launched Saint Laurent Rive...

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Luxury: 86 percent of Indian consumers plan to increase spending over next 12 months

Nearly two thirds of Indian and Chinese consumers have spent over 20,000 euros on luxury goods in the past 24 months. Additionally, 86 percent of Indian consumers plan to further increase their spending over the next 12 months, the most significant figure among all markets analysed. The data confirms that luxury growth continues, yet drivers and...

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Taxation of small Chinese parcels: EU moves to practical implementation

Brussels (Belgium) - The principle has been agreed, yet practical details remain to be settled. The 27 member states must find a provisional solution on Friday to tax the mountains of small Chinese parcels imported into the European Union “as soon as possible” in 2026. This move comes without waiting for the initial deadline set for 2028. Some...

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Chinese smart glasses firms eye overseas conquest

In China, AI glasses let the wearer pay in shops with just a glance at a QR code and a voice command, as a growing number of companies look to conquer both growing domestic and overseas markets. Interest in smart eyewear is soaring worldwide after more than a decade of stalled promise, with advances in artificial intelligence sparking a fresh...

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Kering moves to reduce reliance on Gucci

Kering is preparing for a major reset as new chief executive Luca de Meo signals the end of the group’s heavy reliance on Gucci, according to reporting by the Financial Times. The luxury conglomerate has begun an 18-month restructuring programme under a broader recovery plan, “ReconKering”, aimed at resizing operations and returning all houses...

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Luxury houses eye India, but barriers remain

The globe's biggest luxury brands have dreamt of India's vast consumer base for decades, but navigating the market has proven to be a complex task. French retailer Galeries Lafayette is the latest to try its luck, opening its first Indian store on Sunday: a sprawling five-floor outlet in Mumbai, the country's financial capital. Its splashy foray...