Tiffany Ap

Maggie Chan leaves after five years with no immediate replacement named. Sephora Greater China ceo Maggie Chan has stepped down after five years with the company.

The move is more about marketing than finances. But it provides a good excuse to check in how the luxury resale player is adapting in a brutal marketplace for fashion start-ups and resale platforms alike.

Local fashion designers experimenting with puffers and other down clothing have scored collaborations with outerwear companies like Moncler and attracted the attention of prominent international retailers like H.Lorenzo.

Son Adriel Chan will take over as chairman of the influential Chinese real estate developer.

The peer-to-peer rental service sidesteps some problems that have plagued Rent the Runway. But it’s not without its own complications (just ask Pickle power users’ dry cleaners).

The designer tapped ‘Red Scare’ podcast host Anna Khachiyan to host a salon centred around the novel Gone With the Wind in a conversation that seemed designed to ruffle feathers.

Singapore and Thailand are favoured overseas destinations for this year’s Chunyun holiday period but footfall of Chinese shoppers across much of Europe remains subdued.

Post-Covid spend by US tourists in Europe has surged past 2019 levels. Chinese travellers, by contrast, have largely favoured domestic and regional destinations like Hong Kong, Singapore and Japan.

Its main brand Lanvin fell by 7 percent year over year, weighing on the group’s results.

The French beauty giant’s two latest deals are part of a wider M&A push by global players to capture a larger slice of the China market, targeting buzzy high-end brands that offer products with distinctive Chinese elements.