Alibaba has announced plans to voluntarily change its secondary listing status on the Hong Kong Stock Exchange to a primary listing, effective Aug. 28. The Hangzhou-based technology behemoth will have a dual primary listing on the HKEx and the New York Stock Exchange. The switch would enable Alibaba to tap into a pool of 220...Read More
Longchamp has conscripted Yitong Li, an up-and-coming Chinese actress, as its new face in the Chinese market. “We are delighted to welcome Yitong Li to the Longchamp family,” said Longchamp creative director Sophie Delafontaine. “Not only is she a highly talented actress, but her great energy and professionalism truly impressed me.” Delafontaine added that Li’s...Read More
Lanvin has tapped Erwin Wurm, the renowned Austrian conceptual artist, to collaborate on the second installment of Lanvin Lab, an experimental program that allows the brand to cross-pollinate with creatives from various industries. For the collaboration, Wurm created a large-scale sculpture of a leggy creature in Lanvin blue that incorporated the brand’s Cash Sneaker and...Read More
Sephora, the LVMH Moët Hennessy Louis Vuitton-owned cosmetics retailer, is scouting for a new leader for China to spur growth and better serve well-heeled customers. According to Bloomberg sources, the management reshuffle will happen as soon as this year. The company’s managing director for Great China has been Maggie Chan since 2018. A spokesperson for...Read More
PARIS – Swiss watch exports continued their eight-month upward swing in the first half of the year, rising 11.9 percent year-over-year, led by strong demand in the U.S. market, the Federation of the Swiss Watch Industry said Tuesday. June alone represented an increase in value of 8.1 percent with 90,000 timepieces sold for a total...Read More
