Topshop and Topman to expand to China

British brands Topshop and Topman are set to expand into mainland China reports WWD. Owner Sir Phillip Green has confirmed he has signed a deal with existing Topshop partner Shangpin.com to open up to 80 standalone stores across the country. Topshop currently has minimal presence in China, with just a shop-in-shop in Beijing's Galeries Lafayette and two stores in Hong Kong already launched in partnership with Shangpin, a members-only online fashion retailer which offers registered users access to Western brands.

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Topshop and Topman to expand to China

Image of Asia: Wedding dresses at fashion week in Beijing

In this photo by Andy Wong, a model presents a wedding dress designed by Tsai Meiyue during the Mercedes-Benz China Fashion Week in Beijing. Tsai's other creations for weddings included illuminated dresses and a red dress with sheer shoulders and detailed sleeves. The spring-summer China Fashion Week lasts through Oct. 31.

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Image of Asia: Wedding dresses at fashion week in Beijing

Olivier Rousteing launches collaboration with NikeLab

Balmain designer Olivier Rousteing celebrated his recent collaboration with NikeLab at a launch party held in Paris, France, WWD reports. The collection, “Football Nouveau” went on sale Thursday, June 2, and is the second NikeLab's Summer of Sport series. Racking up the air miles over the past few days, Rousteing has also unveiled an exhibition in Shanghai, China, called “The Circle,” held at Nike's flagship store.

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Olivier Rousteing launches collaboration with NikeLab

Adidas to return mass shoe production to Germany in 2017

By Jörn Poltz ANSBACH, Germany (Reuters) – Adidas will launch mass production of running shoes at a German factory operated largely by robots next year and plans to open a similar plant in the United States next year, the company said on Tuesday. Founded by German cobbler Adi Dassler in 1949, Adidas had closed all but one of its 10 shoe factories in Germany by 1993 as it shifted most production from Europe to lower-wage Asia, particularly China and Vietnam.

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Adidas to return mass shoe production to Germany in 2017

Cool Asian fashion brands challenge Western labels

By Astrid Wendlandt and Joyce Lee SEOUL (Reuters) – Fashion brands from South Korea, China and Japan are becoming serious rivals of their Western peers as Asian consumers become increasingly confident in their own style and take pride in buying home-grown labels. Asian consumers are the world's biggest spenders on high-end fashion, representing around half of total buyers. Most of them are under 35, Internet-savvy and increasingly on the hunt for small, cool, original brands that will make them stand out and look different from their parents, fashion executives and retailers say.

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Cool Asian fashion brands challenge Western labels

Luxury market growth to reach low point in 2016: Bain

By Astrid Wendlandt and Pascale Denis VERSAILLES, France (Reuters) – Growth in the more than 250 billion euro ($285 billion) personal luxury goods market should pick up next year, boosted by resurgent demand in the United States and China, after hitting a trough in 2016, consultancy Bain & Co predicted. Bain, whose industry outlook is an authoritative and traditionally closely watched barometer of trends because of its extensive coverage of the sector, forecast luxury sales growth this year of around 1 percent at constant exchange rates, against 1.5 percent in 2015. Bain is due to release in a few weeks its updated study and forecasts for the luxury goods market, which includes accessories, clothing, jewelry and watches, and has not yet published any figures to show its latest thinking on the outlook.

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Luxury market growth to reach low point in 2016: Bain

Luxury market growth to reach low point in 2016: Bain

By Astrid Wendlandt and Pascale Denis VERSAILLES, France (Reuters) – Growth in the more than 250 billion euro ($285 billion) personal luxury goods market should pick up next year, boosted by resurgent demand in the United States and China, after hitting a trough in 2016, consultancy Bain & Co predicted. Bain, whose industry outlook is an authoritative and traditionally closely watched barometer of trends because of its extensive coverage of the sector, forecast luxury sales growth this year of around 1 percent at constant exchange rates, against 1.5 percent in 2015. Bain is due to release in a few weeks its updated study and forecasts for the luxury goods market, which includes accessories, clothing, jewelry and watches, and has not yet published any figures to show its latest thinking on the outlook.

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Luxury market growth to reach low point in 2016: Bain

Chinese firms snap up chunk of French fashion industry

French ready-to-wear fashion labels Sandro, Maje and Claudie Pierlot will be taken over by China's Shandong Ruyi Technology Group under the terms of an exclusivity agreement announced late Thursday. Hot on the heels of the announcement, French lacemaker Desseilles said Friday it is to be acquired by Chinese firm Yongsheng, in another sign of the growing Chinese presence in France's fashion industry. In the deal for Sandro and Maje's parent company SMCP, the founder of the “accessible luxury” labels, sisters Evelyne Chetrite and Judith Milgrom, will remain minority shareholders if the deal goes through, as will their management team and the US investment fund KKR.

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Chinese firms snap up chunk of French fashion industry

Hugo Boss CEO to step down at end of month

German fashion house Hugo Boss announced Thursday the resignation of its chief executive Claus-Dietrich Lahrs at the end of February after profits fell last year as a result of sluggish business in China and the United States. A former executive of Christian Dior Couture, Lahrs was appointed CEO at Hugo Boss in 2008. The company said its personnel committee would “deal without delay with the question who will succeed Claus-Dietrich Lahrs as CEO.

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Hugo Boss CEO to step down at end of month

Chinese shoppers in South Korea shun luxury for local brands

By Minwoo Park and Joyce Lee SEOUL (Reuters) – Chinese visitors to South Korea are buying less from global luxury mainstays like Louis Vuitton and Chanel in favor of cheaper homegrown brands, as young, independent travelers make up a bigger share of tourists. Lured by the “Korean Wave” of culture exports, from soap operas and K-pop music to food and fashion, price-conscious younger Chinese visitors are seeking a more authentic and less expensive shopping experience. South Korea trails only Thailand as an overseas destination for Chinese travelers, whose heavy retail spending has helped make South Korea the world's largest duty free shopping market.

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Chinese shoppers in South Korea shun luxury for local brands