Where Wealthy Chinese Tourists Will Shop Next

Amina Muaddi's Next Steps; The New Shape of the Swiss Watch Sector

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WHAT YOU NEED TO KNOW TODAY: WEDNESDAY, APRIL 19, 2023 Luxury brands can expect an uplift from Chinese tourists in high-octane destinations like Dubai, Singapore and Australia's Gold Coast. Shoe designer Amina Muaddi is working to strengthen and scale her business, starting with a shop-in-shop at Harrods. In the Swiss watch sector, revenues are up but volumes are down, creating new opportunities and threats. A Uniqlo bag was fashion's hottest product in the first quarter according to Lyst, a rare feat for a non-luxury brand. Brunello Cucinelli's sales rose 33 percent in the first quarter, driven by strong growth in the Americas.

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CHINA Wealthy Chinese Flock to High-Octane Shopping Hubs By Tiffany Ap

Luxury brands could see an uplift in destinations like Dubai, Singapore and Australia's Gold Coast as China's second outbound tourism wave gets underway. READ MORE

LUXURY Can Amina Muaddi Build an Enduring Business Off Her Sell-Out Shoes' Hype? By Tamison O'Connor

The brand is opening a permanent shop at Harrods, testing the physical retail waters with an eye to opening a stand-alone store. It's just one part of a larger strategy to gear the self-funded label up for its next stage of growth, the designer said. READ MORE

LUXURY Higher Values, Lower Volumes: The New Shape of the Watch Sector By Robin Swithinbank

In luxury watches, revenues are up but volumes are down, creating new winners, losers, opportunities and threats, writes Robin Swithinbank. READ MORE

Uniqlo's $20 Shoulder Bag Tops Lyst Index of Fashion's Hottest Products READ MORE

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NEWS BRIEFS Cucinelli Posts 33% Rise in Q1 Sales, Confirms 2023 Revenue Growth Forecast Push for Faster Fashion Squeezes European Manufacturers

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