Ralph Lauren Expects Mainland China Growth Back to Positive in Q2

The Ralph Lauren Corporation, owner of an umbrella of Ralph Lauren brands and the casualwear brand Club Monaco, reported double-digit revenue decline due to the COVID-19 pandemic and Hong Kong protests. While Asia experienced the largest fall group-wide in Q4, the company’s chief financial officer said mainland China will get back on its feet quicker …

Can Phillips’ Online Auction Spark a New Model of Luxury Sales?

The auction house Phillips Asia will host its first-ever cross-category online auction, Refresh: Reload, in Hong Kong from March 20 to 28. With a specific focus on the Hong Kong market, the auction will feature a total 186 lots of 20th century and contemporary art, watches, and jewels. “Our global Spring calendar this year is …

What is the Future of Fashion Publishing in China?

A new version of Esquire’s millennial-targeted issue, Esquire Fine, appeared on newsstands across China at the end of March. The cover features the hot celeb and Dior ambassador, Wang Junkai, performing a roundabout kick while dressed head-to-toe Dior. In fact, the entire issue is cover-to-cover Dior. Inside, the magazine features an exclusive interview with the …

Can Luxury Brands Survive In China Without Online Partners?

On May 18th, Church’s, the high-end English footwear brand under Prada’s control, officially joined JD.com. With this recent addition, JD is currently representing four labels that are under the Prada Group. Meanwhile, JD’s main competitor, Alibaba is using its dedicated site for luxury brands, Tmall Luxury Pavilion, as a platform for high-end international brands, hosting …

New US Bill Threatens Chinese E-Commerce and Streaming Giants

What Happened Around 200 Chinese companies might be delisted from the New York Stock Exchange and the tech-heavy Nasdaq due to a recently passed bill in the US. Chinese e-commerce and streaming giants, including Alibaba, JD.com, VIP.com, Weibo’s owner Sina, iQiyi, and Bilibili, which all have collaborated closely with US and European luxury brands in …

Yacht Style’s ‘Multihulls Issue’ 2020: Powercat Special – Part 2

Leopard, founded in 2000, actually sells more powercats than sailing yachts in Asia, although it produces three times as many of the latter each year for the global market. The Leopard 53 PC debuted at the Miami International Boat Show in February; the first unit into Asia, hull three, was in Singapore by March Leopard …

Tips for Luxury Brands Trying Out Livestreaming

As COVID-19 challenges the fashion industry worldwide, many brands have hopped onto the latest online trend of livestreaming, which is a way of selling directly to customers through live videos. When the pandemic hit China hardest in February, extended quarantines kept Chinese consumers inside for weeks, and they quickly flocked to e-commerce platforms. Similarly, shopping …

Five Luxury Brands That Are Winning 520 Day In China

In the wake of the gloomy luxury retail market in China over the past three months, brands are eagerly embracing the first post-virus holidays this month: Mother’s Day and 520 Day. Since the pronunciation of number 520 sounds similar to “I love you” in Chinese, May 20 has become another occasion for local people to …

Will CEO Livestreaming Work For Luxury Brands?

The Chinese livestreaming industry has seen some big names join the game over the past three months. Right after influencers and celebrities entered the fray, founders and major business heads also jumped into hosting livestreaming sessions. That includes Zhang Chaoyang (the CEO of Sohu), Li Yanhong (the founder of Baidu), Dong Mingzhu (the Chairwoman of …

Act Or Die! Luxury Brands Should Always Have A Sense Of Urgency

This week I was invited to present a keynote speech at an important luxury investor conference in Japan. We were discussing the current luxury industry situation in many parts of the world with a particular focus on China, Japan, the US, and Europe. My verdict was that many luxury brands aren’t prepared for the future …