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...The sales decline adds to evidence that whisky sales are not immune to the effects of weakening demand for luxury goods as China struggles to shake off the economic impact of its faltering property market...
...The Chinese government has cracked down on daigou, shoppers who buy cosmetics in lower-tax areas such as Hainan and South Korea, and then sell them on for a profit in mainland China....
...Growth in its luxury division was more sedate, however, reflecting a soft market in mainland China and a crackdown on offshore travel retail by Beijing midway through the year....
...On Tuesday morning, German police swooped on Jian Guo, a staffer working in the European parliament, accused by prosecutors of spying for China....
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...French beauty company L’Oreal grew its sales in the third quarter despite a more muted than expected recovery in China....
...“We know that China is a hotbed for EV manufacturing at the moment,” he added....
...The anecdote is that right now we have a market share for L’Oréal luxury in mainland China, which is above 30 per cent which is equal to the sum of its two next contenders — which is not bad,” L’Oréal chief...
...French beauty company L’Oréal increased sales in the third quarter despite a more muted than expected recovery in China and a fall in travel retail in Asia....
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...The Fédération de l’industrie Horlogère Suisse has released its export report for March 2024 and . . . hoo, boy....
...At the same time, demand for beauty products remains buoyant globally despite pressures on household spending and an uncertain outlook in China, the sector’s fastest-growing market....
...Four-fifths of the cruise ships under order between 2024 and 2029 are being built by one of the big European ship makers: Fincantieri, Chantiers de l’Atlantique, Meyer Werft or Meyer Turku, according to...
...The three continuation funds include two managed by the Chinese group Legend Capital and one by US-based L Catterton....
..., New Zealand Beijing misrepresents the Taiwan situation / From Tarcisio Gazzini, Professor of International Law, University of Padua, Padua, Italy...
...The Spanish group gave his business the “strong shoulders” it needed to grow, including support for ecommerce and opening stores in China, he told Women’s Wear Daily....
...L’Oréal’s luxury division drove most of the rebound in China, growing “in the high teens” in the second quarter, he said....
...US-China tensions pull at countries from south-east Asia to Latin America. The effects of Russia’s war in Ukraine have been crippling for people living thousands of miles from Europe....
...The proliferation of these stones reflects a culture that delights in trompe l’oeil playfulness, whether in rock collecting or cuisine....
...This business is aiming to merge with L Catterton Asia Acquisition Corp, a special purpose acquisition vehicle, or Spac, listed on the Nasdaq exchange and founded by LVMH-backed investment group L Catterton...
...At the time, the company said the money would be used to pursue growth in markets such as China and India, as well as expand its ecommerce business....
...Estée Lauder has not been alone on that front, with cosmetics peer L’Oréal feeling the effects in its latest quarter of a muted recovery in China and a fall in travel retail in Asia....
...Concerns that a worsening global economic performance was catching up with whisky heightened last year when Diageo, owner of the Johnnie Walker brands, warned of weaker profits because of slower sales in...
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...Kai L Chan Abu Dhabi, UAE...
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