Italy's top-level jewelry brand Brosway opened its first owned store in Shenyang, Liaoning province.Read More
Chinese jewelry retailer Chow Tai Fook is seeking new growth points and the group plans to develop its diamond wholesale business in the U.S.
China's Fosun International will reportedly acquire French apparel brand IRO.
American light luxury brand Michael Kors has invested USD500 million in the acquisition of Michael Kors (HK) Limited, the exclusive licensee of Michael Kors in China and certain other regions in Asia.
International luxury brand Louis Vuitton officially confirmed that the company will close two stores located in Shanghai and Shanxi, respectively, by the end of March 2016.
Florence-headquartered luxury shoe brand Aquazzura plans to open its first Asian store in Hong Kong at the end of 2016.
Private equity firm Lion Capital and Chinese listed company Shandong Ruyi Group plan to acquire French apparel group SMCP.
Hong Kong-based jewelry retailer Chow Tai Fook announced its semi-annual performance ended September 30, 2015, stating that the company realized net profit of HKD1.557 billion, a year-on-year decrease of 42.16%; and its earnings per share…
Has the bubble of Chinese buying copious amounts of luxury goods popped?
The National Bureau of Statistics of China revealed that in October 2015, China's total social consumer retail sales reached CNY2.828 trillion, a year-on-year increase of 11%.