Luxury goods stocks have been hammered in recent weeks by concerns about weakening demand in China and a looming trade war with the US. But the real picture is much more mixed, the chairman of Alibaba said on Monday.
Designer Johanna Ortiz has become the latest creative to get the lipstick bug. The Colombian designer has teamed up with the lifestyle brand Aerin on a new capsule collection of three lipsticks, as reported by Vogue.
Luxury goods group Richemont struck a cautious note after reporting sales numbers hurt by moves to combat the grey market and efforts by the Chinese government to discourage consumers from spending overseas.
Richemont and China’s Alibaba Group have unveiled a global strategic partnership that will see the two star retail brands under the Yoox Net-A-Porter banner being taken directly to the all-important Chinese consumer.
Kidswear is the next big frontier for luxury e-tailers and hot on the heels of Net-a-Porter’s kidswear debut with Gucci in the summer, the firm is now linking with Dolce & Gabbana for its second move into the category.