Showing 12 of 14 posts with this tag
Italian luxury brand Gucci announced a strategic cooperation agreement with Tencent to leverage the Chinese tech giant’s access to abundant data and explore field of smart retail.
On Jan 13, Porsche released its latest sales figures, revealing a total delivery of 310,700 vehicles globally in 2024, down 3% year-on-year. While four of its five global regions showed growth, China stood out as the only declining market, seeing 2024 deliveries drop 28% to 56,900.
With international travel inhibited across the world, luxury brands are seeking new ways to recover from stress on the global economic system caused by the pandemic.
EV battery maker SVolt Energy Technology bags a hefty Series A round, luxury brand group Ushopal raises another $100 million to fund expansion plans, and healthcare investor OrbiMed closes a new Asia fund.
At a press conference on November 16, Wang Chuanfu, Chairman and President of Chinese EV firm BYD, said that in addition to its new high-end vehicle brand Yangwang, the company will also launch a professional and personalized brand in 2023, which will be built and created together with BYD customers.
Nike, Adidas, and Capri Holdings, owner of luxury brands Versace, Jimmy Choo, and Michael Kors, have all warned investors this week that as the coronavirus grips China, sales could take a hit.
The coronavirus outbreak has dealt a severe blow to most industries. The high energy-consuming, labor-intensive fashion industry, however, bears the brunt.
It was reported that the headquarters of Secoo, a luxury e-commerce platform based in the center of Beijing's business district and once filled with luxury goods, is now empty. Regarding the concerns, Secoo said such reports were not true.
A NIO insider familiar with the firm's new high-end vehicle project disclosed that "NIO is going to make its own 'Maybach'."
Four out of the top five most-mentioned brands associated with the “sneaker” hashtag on social shopping app RED during the study period were luxury brand names, the report finds.
Global luxury vehicle brand Genesis on April 2 marked its official entry into the Chinese market with a spectacular drone show entitled the "Genesis of Genesis" at the International Cruise Terminal in Shanghai.
Gucci opened its first flagship store today on Alibaba’s Tmall, an e-commerce platform for B2C online retail in China.