Manwerthu Tsieina 2024
CHINA NEWS BRIEF - 6 February 2024 Loewe will mount an exhibition in Shanghai#. Hollister opens stores in Shanghai#. Alexander McQueen unveils CNY collection#. China's clothing exports are down compared to 2022#. Estee Lauder will cut thousands of jobs#. Forecast for record Spring Festival travel#. Shein under fire for selling copycat items#. Alibaba considers selling assets#. Columbia's sales are growing at a slow pace#. Ferrari shares surge on stellar sales#.
Loewe will hold exhibition in Shanghai#Loewe is planning to host an exhibition titled "Crafted World" in Shanghai in the spring to celebrate its Spanish heritage and culture. The 45-day exhibition, curated by Loewe’s creative director Jonathan Anderson, will be held at the Shanghai Exhibition Centre. It offers visitors an immersive experience of the brand’s history, craftsmanship and cultural collaborations. The exhibition will span 178 years, starting with its beginnings in Madrid as a leather-making cooperative to today's leading luxury fashion house owned by LVMH.Hollister opened new stores in Shanghai#At end of January, Hollister launched two new stores at Shanghai Global Harbor, and Century Link. Hollister officially entered the Chinese market in 2012, at around the same time that its American counterpart Gap. Hollister currently has 15 stores on mainland China. Zara, H&M, and COS have all opened more than 100 stores in China. Accessories in the collection come in vibrant pink and red. A short animated film has been made for this collection. The camera explores three major Chinese Cities: Beijing, Shanghai and Chengdu, following the petals of the Dragon's Mouth Flower. Exports fluctuated throughout the year, with January and February seeing significant drops due to Spring Festival and an extremely high base year. As businesses resumed their operations and shipped backlogged goods, March and April saw double-digit growth. Exports declined from May to Octember due to weak demand internationally. The export decline was reduced in November and December, mainly due to the cross-border ecommerce that took place during the holiday period. This move is intended to make Estee Lauder more responsive to the beauty trends that are driven by social media. Estee Lauder expects.
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