LVMH

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

Gucci, Prada close more China outlets as consumers cut luxury spending

Global luxury retailers are hastening their retreat from China by shutting stores in high-end shopping malls across major mainland cities,…

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New Business

Laopu Gold outshines Chow Tai Fook as China’s top jeweller with 437% stock surge

If anything glitters in China’s otherwise dour retail jewellery landscape, chances are it just might be from Laopu Gold. The…

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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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New Business

Luxury brands in China take hit on low consumer confidence as economy slows

China’s slowing growth has begun to weigh on luxury brands such as LVMH and Chow Tai Fook, as consumers in…

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