Luxury’s Bumpy Road Ahead in China

Why TikTok Influencers' Beauty Lines Flop, J.Crew Joins the Resale Bandwagon

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WHAT YOU NEED TO KNOW TODAY: WEDNESDAY, JANUARY 18, 2023 The luxury industry is set for a 'bumpy ride' in China despite it's Covid-19 policy shift. Hyram Yarbro and Addison Rae are the latest TikTokers to discover that online fame doesn't always translate into real-world beauty sales. J.Crew is the latest brand to launch a resale programme, citing its sustainability efforts. Craft-centric American brand Bode is set to debut its first womenswear collection at its Paris show on Saturday.

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CHINA Luxury Set for a 'Bumpy Ride' in China By Tamison O'Connor

Beijing's Covid-19 policy shift will give the sector a boost in 2023 but a surge in infections and sluggish economic growth could dampen the recovery after an uplift from Chinese New Year. READ MORE

BEAUTY Why TikTok's Biggest Stars Are Struggling to Sell Beauty Products By Rachel Strugatz

Sephora has dropped Addison Rae's Item Beauty and Hyram Yarbro's Selfless by Hyram, which launched at the retailer to much fanfare in 2021. Both influencers failed to develop brands that resonated with their followers. READ MORE

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NEWS BRIEFS J.Crew Launches Resale Site Bode Launches Womenswear Vivienne Westwood's Foundation Launches Neiman Marcus Names Chief Brand Officer and Chief Retail Officer Digital Fashion Platform Founded by Ex-Luxury Executive Raises $9.5 Million

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From Sustainability to Hyper-Connectivity: Discovering What the Future Holds for Physical Luxury Retail Royalmount — a mixed-use, transit and pedestrian-oriented luxury development in Montreal from Quebec-based property developer Carbonleo — aims to redefine physical retail.  As part of a new partnership with BoF Insights, Andrew Lutfy, chief executive of Carbonleo as well as visionary and co-owner of Royalmount, discusses the ambitions of Quebec's largest private development to date and his perspective on the benefits of creating a sustainable, inclusive luxury space. READ MORE

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