The last year has been a bruising one for many and Burberry’s results for FY21 have illustrated that perfectly, But they also show how it has learned to navigate the pandemic and is bouncing back strongly.
China is preparing a substantial fine for Tencent as part of its sweeping antitrust clampdown on internet giants, but it is likely to be less than the $2.75 billion penalty imposed on Alibaba earlier this month.
Hugo Boss on Thursday reported an operating profit for Q4 and said it expects a “gradual business recovery” this year. But the company said the negative implications of the pandemic had a “significant impact” last year.
Following a year heavily affected by the Covid-19 pandemic, a new report from Launchmetrics has measured the success of the luxury industry’s marketing investments, crowning Dior as the undisputed media king.
Large-scale store openings may be on hold due to Covid, but with China already recovering, it’s being prioritised. H&M Group said on Friday that Nordic lifestyle brand Arket will open a flagship in Beijing this autumn.
In the 2020 annual review of “notorious markets for counterfeiting,” the US administration cited Amazon’s European portals alongside Chinese and other foreign marketplaces said to be teeming with fake products.
It says a great deal about the current Covid confusion in fashion weeks when the Paris menswear season for fall 2021, the biggest annual series of menswear collections in the world, began on Tuesday with a teaser.