Billionaire investor Warren Buffet and Microsoft founder Bill gates have revealed they are fans of Chinese suit maker Trands, and Buffet believes China is the future of fashion.
Trands, based in Dalian in China’s northeast, is one of several up-and-coming Chinese brands taking on Gucci, Armani and Prada.
Chinese sales of luxury goods grew by 12 per [...]

Tesco has plans to develop further retail and leisure space in China within the next five years, More than it now operates in the United Kingdom.
Tesco’s Being one of the worlds biggest retailer by sales volume is planning to open 80 shopping centres across China by 2016, Which means that Tesco will expand more in China [...]

An attack by Chinese provincial officials on foreign luxury brands, including Hermès, Hugo Boss and Tommy Hilfiger, has underscored the vulnerability of the luxury brands in one of their most important markets.
Authorities in wealthy Zhejiang province, on the east coast near Shanghai, marked consumer’s day last week by taking aim at the quality of imported [...]

Merger and acquisition activity in the luxury sector is set to rise after a twoyear hiatus, driven by a recovery in the sector, closer price agreement between buyers and sellers and the weaker euro.
Swatch Group and Bulgari have denied they were in merger talks after Swatch’s chief executive, Nick Hayek, told the German magazine Focus [...]

Esprit, which sells everything from towels to shoes, posted a net profit of HK$2.71 billion ($349 million) on Wednesday for the first half of its fiscal year through December 2009, down from HK$2.85 billion a year earlier, as Europe remained weak while its wholesale division came under pressure amid tightened credit conditions.