Homegrown Chinese brands on the rise as foreign rivals hunker down

Published: September 1, 2022

While there is little indication that Chinese consumers have fully lost their appetite for luxury, shopper enthusiasm for hitting high-end boutiques has been dampened by China’s “dynamic zero” COVID policy and its unpredictable lockdowns.

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Day’s wrap: Farfetch, Nordstrom, Mercedes-Benz, Sephora and Zegna

Published: August 24, 2022

Luxury Daily’s live news: Farfetch acquires Yoox Net-a-Porter from Richemont; Nordstrom braces for luxury sales slowdown, adjusts H2 forecast; Mercedes-Benz secures battery production partner, eyes full EV transition by 2026; Sephora shuffles executive talent to focus in on global growth; Zegna announces official travelwear partnership with Real Madrid.

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Prada taps Emma Watson as beauty ambassador

Published: August 19, 2022

Italy’s Prada is quickly expanding its newly launched beauty platform with British actress Emma Watson as the face of its new women’s fragrance.

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Balenciaga set to debut in India in 2023

Published: August 5, 2022

French fashion house Balenciaga, positioning itself as one of the most sought after contemporary luxury brands, is ready to enter India’s market.

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