Wealthy consumers are still flocking to buy Lululemon’s tops, yoga pants, and shorts, boosting both online and brick-and-mortar store traffic.
Off-White still has six stores in mainland China, according to the brand’s WeChat mini program.
As travel restrictions to China are gradually lifted, fashion and luxury industry giants are flocking to the Chinese market for research.
Nike’s zero-carbon smart logistics park has been completed in Taicang, Jiangsu, China.
Jamieson Wellness is one of the world’s leading VMS (vitamins, minerals, and supplements) companies and the owner of Canada’s top consumer health brand.
At present, InterContinental Hotels Group has 12 brand hotels in Greater China, with a total of more than 1,000 hotels in operation or under construction.
e.l.f. is another brand that has withdrawn from China, the world’s second-largest beauty market, amid fierce competition, due to the rise of local affordable makeup.
“We have a strong Scandinavian perspective as pioneers of minimalism since the early 90s, with a unique design approach that communicates warmth and sensuality.”
Dani Reiss, Canada Goose Chairman and CEO, said:“We are confident that the brand has regained its original momentum.”
The company was upbeat about a recovery in China, a key market for the luxury sector overall and Swatch Group in particular where it generates around a third of its sales, according to estimates by Zuercher Kantonalbank.