China
6 articles
Chinese bag brands challenge accessible luxury with value
On China's massive Tmall platform, domestic leather goods labels like Songmont now outsell established global rivals, signaling a profound shift in consumer preference and market power.
Longchamp names opera star Lijun Chen its new China brand ambassador
Chinese opera star Lijun Chen, currently touring as Jia Baoyu in 'My Grand View Garden,' now fronts Longchamp's fall 2026 campaign, reaching 7.
Local Brands Surge as Consumer Preference Shifts Away from Global Luxury
During the recent Tmall Double 11 shopping festival, local Chinese handbag brands Songmont and Qiuzhen surged into the top three in sales, nearly eclipsing long-time leader Coach.
China's silver beauty market booms, empowering older consumers
In April 2024 alone, Alibaba platforms recorded 44.
Kering invests in Icicle owner ICCF Group
Last year, Chinese luxury brand Icicle generated over EUR300 million (USD324 million) in global revenue, a figure that recently attracted a minority investment from luxury giant Kering in its owner, ICCF Group.
Kering acquires minority stake in Icicle owner ICCF Group
At its Capital Markets Day in Florence, Kering CEO Luca de Meo announced a minority investment in Chinese fashion group ICCF, owner of luxury label Icicle.