The news doesn't get any better for Esprit with the fashion giant saying that its fiscal first quarter was tough. And the warm summer weather continuing into early autumn seems to have been partly to blame.
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.
This year marks the 10th anniversary of Alibaba’s 11.11 shopping festival and the Chinese e-tailer is celebrating the occasion with 180,000 brands, 200,000 offline smart stores and a ‘see now, buy now’ fashion show.
The House 99 male grooming brand, which is a joint project between footballer-turned-superstar David Beckham and beauty giant L’Oréal, has opened a shop on Alibaba’s shopping site Tmall to take its products to China.