As China’s army of tourists prepares for next week’s ‘Golden Week’ vacation, a cooling economy means holidaymakers are staying closer to home, and tighter shopping budgets are curbing the rise in overseas spending.
European private equity firm Investindustrial has invited the investment vehilce of Alibaba's founder Jack Ma to submit a last-minute joint bid of more than 800m euros for L'Oreal's The Body Shop, according to sources.
The chairman of one of China's most prominent fashion firms, Metersbonwe, has disappeared, the company said, prompting media speculation Friday that he may have been caught up in the country's anti-corruption drive.
Mention the name Missoni, and most think of a fashion empire that revolutionised textile patterns, spawned the no-bra look on the catwalks, and is now a global brand that designs everything from sweaters to sheets to ...
Luxury Western brands selling designer handbags and handmade suits to China's newly-rich, may find their local distributors want a bigger role or even ownership given the $10 billion market is booming.