Luxury stock investors are facing the risk of more bad news as the likes of Burberry Group Plc and Hugo Boss AG fell short of …
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China
China Launches Data Review Into Shein Ahead of US IPO, WSJ Says
China’s top cybersecurity watchdog is probing how Shein handles data as the fast-fashion company is seeking Beijing’s approval for its initial public offering in the …
How to Win in China: McKinsey’s Kevin Sneader
OXFORDSHIRE, United Kingdom — China may be on the cusp of surpassing the US as the world’s biggest luxury market but treating the country as …
L’Oréal Confident on China Despite Tensions Over Trade Secrets
L’Oréal SA remains confident on the potential of the Chinese market despite tensions over the level of ingredient disclosure the country is requesting from cosmetics …
Benefit to Shrink China Presence
Benefit Cosmetics will no longer be available on Tmall, JD.com or Douyin, three of China’s most popular e-commerce platforms. The line will still be available …
Shiseido Faces Steepest Cut in Target Price on Weak China Demand
Analysts are slashing target prices on Shiseido Company after weak demand in China caused the Japanese cosmetics company to trim earnings forecasts, dragging shares toward …
Shein’s IPO Plan to Fuel Scrutiny Over Cotton, China Roots
Fast-fashion retailer Shein has a lot of work to do to convince sceptics that the runway is clear for it to launch an initial public …
Tencent Profit Beats Estimates in Defiance of China Downturn
Tencent Holdings Ltd.’s earnings beat estimates in another sign that Chinese consumers remain willing to spend on games and entertainment during a nationwide downturn. The …
From bone china to rare whisky, Advent calendars open doors to more luxuries | Christmas
It started with small chocolates and quickly graduated to Lego, socks and gin miniatures but the once-humble Advent calendar has lurched upmarket with this year’s …
Canada Goose Cuts Sales Forecast on Rocky China Recovery, Appoints New CFO
Canada Goose Holdings cut its annual sales forecast on Wednesday, in a sign that a sharp rebound in China was starting to falter and sales …
Estée Lauder Lowers Outlook on China Weakness, Israel-Hamas War Risk
Estée Lauder Cos.’ already-battered shares plummeted still more after the beauty giant slashed its full-year outlook on troubles in China and the Middle East, dragging …
UK, US, EU and China Sign Declaration of AI’s ‘Catastrophic’ Danger
The UK, US, EU and China have all agreed that artificial intelligence poses a potentially catastrophic risk to humanity, in the first international declaration to deal with …
The Big Bet on Luxury Stocks Stumbles on Inflation, China Woes
Problems are stacking up for Europe’s hottest sector. A warning from the chairman of Cartier-owner Richemont that stubborn inflation was starting to affect demand in …
Canada’s Corporate Watchdog Probes Ralph Lauren on Alleged Use of Forced Labour in China
Canada’s corporate ethics watchdog said on Tuesday it was investigating Ralph Lauren’s Canada unit to probe allegations the apparel retailer’s supply chain and operations in …
Estée Lauder Bulls Flee, Citing China Recovery Concerns
A slew of Wall Street analysts have downgraded Estée Lauder Cos. ahead of the beauty company’s quarterly earnings report, citing concerns around a prolonged recovery …
P&G’s Price Hikes Offset Slowed China Growth
The Olay, Gillette and Pantene owner reported 2023 fiscal year net sales increased two percent to $82 billion. For the fourth quarter, Procter & Gamble …
France Wants to Work With China on Joint Standards for Cosmetics
France wants to work with China on common standards for cosmetics after the European Union raised concerns that Beijing’s requests for companies like L’Oréal and …
L’Oréal Upbeat on China Despite Market’s Softer Rebound
Second-quarter sales at French cosmetics giant L’Oréal slightly beat expectations, as a rebound in China helped offset slower growth in the United States, where the …
how a military-style uniform changed the face of China – and clothed Australian prisoners during the Korean War
In the collection of the Australian War Memorial there is a photograph of four men in a North Korean prisoner of war camp, taken in …
LVMH Q2 China Rebound Offsets Weakening US Demand
LVMH sales in the second-quarter were buoyed by a strong rebound in Chinese spending, helping to offset weakening demand from aspirational customers in the US, …