Kering

New Business

Luxury malls in Beijing, Shanghai slash rents, change tenant mix as consumer spending dips

A slowdown in Chinese consumer spending on luxury goods is affecting high-end malls in Beijing and Shanghai, with shopping centres…

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New Business

Prada to acquire rival fashion house Versace in whopping $1.4 Billion deal

Prada is set to acquire iconic Italian fashion house Versace in a major billion-dollar deal, aiming to bring together two…

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New Business

Estée Lauder, L’Oreal suffer as global brands’ lustre fades in China

Multinational companies (MNCs) are losing ground in China as their “halo effect” fades amid rising competition and a consumer spending…

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New Business

More than half of mainland Chinese luxury consumers plan to increase spending: report

More than half of luxury consumers in mainland China plan to increase spending on such items over the next 12…

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