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H&M to launch luxury brand?‎

Swedish high street giants Hennes and Mauritz, who own H&M, COS, Monki and Cheap Monday, are rumoured to be branching into a luxury line.

Hong Kong investors buy fashion brand Sonia Rykiel

Hong Kong investment firm Fung Brands has bought 80 percent of French fashion house Sonia Rykiel in a partnership aimed at boosting the brand’s global presence. “The partners want to develop the company as a true international luxury brand,” they said in a joint statement. The Rykiel family will retain a 20 percent stake and … Continued

Oscar de la Renta invites fans to submit ideas

Oscar de la Renta, the high-fashion designer, is launching a digital inspiration Board open to everyone who wants to share an idea for his next collection. For the next 3 months, fans will be able to upload images or videos to the site; these will then appear on a screen in de la Renta’s studio … Continued

French luxury group Hermes posts record 2011 sales

French luxury group Hermes has posted record sales of 2.8 billion euros ($3.8 billion) in 2011, highlighting the resilience of luxury brands in the face of the weakening global economy. The group’s sales were up 18.3 percent last year, beating the target of 15-16 percent growth, it said in a statement, and its operating margin … Continued

LVMH acquires 10% stake in Chinese brand Ochirly

French luxury goods conglomerate LVMH – Louis Vuitton Moet Hennessy has paid US$200 million for a 10 per cent stake in Chinese fashion brand Ochirly. The buyout gives L Capital, LVMH’s private equity arm, to hold a direct stake in the family-owned Ochirly which has total value of US$2 billion. The investment gives L Capital … Continued

China starts to look for luxury closer to home

The growing power of the Chinese consumer might have the world in its thrall but it seems it won’t be too long before their lust for luxury is more satisfied a little closer to home. Traditionally, Chinese shoppers have had to head overseas to pick up the latest fashions or other luxury items, due mainly … Continued

Amazon’s flash-sale site going luxe

Amazon’s members-only flash-sale site MyHabit is launching its first designer tab, with the likes of Thakoon, Valentino and Balmain going on offer at up to 60 percent. Adding to its women’s, men’s, children’s and home categories, the site is teaming up with top fashion houses including Bibhu Mohapatra, Costume National and Alejandro Ingelmo for the … Continued

2011 may have been record year for duty-free sales

Global sales of duty-free products reached $46 billion in 2011, up a staggering 17.9 percent, calculated duty free analyst Generation Research. Although the results are still preliminary and currency fluctuations may bring the growth figure down, 2011 may turn out to have been a record-breaking year. Unsurprisingly, Asia Pacific was the star growth region, with … Continued

Western brands aim for China’s ‘Dragon’ riches

It’s meant to bring riches and power befitting an emperor, but if Western luxury brands have their way the Year of the Dragon will cost their wealthy Chinese customers a fortune instead. Monday is the start of the Year of the Dragon, the most favourable and revered sign in the 12-year Chinese zodiac. The dragon … Continued

World’s Top 100 Most Valuable Luxury Brands

Heritage French and Italian fashion brands make up a list of the world’s most valuable labels following a compilation by the World Luxury Association (WLA). The World’s Most Valuable Luxury Brands Top 100 provides rankings in areas including yachts, cars and resorts, although a large focus is on the fashion arena. The Top 100 is … Continued

Dolce & Gabbana says sorry to Hong Kong

Dolce & Gabbana on Wednesday apologised to the people of Hong Kong for allegedly discriminating against them in favour of wealthy mainland shoppers. The company’s flagship Hong Kong store has been the focus of protests and online rage after reports that a security guard told locals they were not allowed to take photographs but mainlanders … Continued

Top 10 Gifts for the Chinese Luxury Consumer 2012

Gift-giving has long been an integral part of life in mainland China and now a new survey has lifted the lid on just what it is the country’s rich have been handing out. The “Top 10 Gifts for the Chinese Luxury Consumer 2012” was compiled by Hurun Report and looked at what China’s wealthy liked … Continued

Top online resources for China’s luxury shoppers

Mainland luxury Chinese consumers are becoming increasingly open to shopping for, and finding information about, luxury brands online with news portals. Weibo is one of the most popular sources for information, according to the results of a survey released November 28 by PR group Ruder Finn Asia. The survey was conducted among 1057 Mainland Chinese … Continued