The US-based fashion group announced on Thursday that it has begun a new strategic partnership with Alibaba’s Tmall. The company’s major brands will open flagships on the platform and gain insights on the Chinese market.
Alibaba Group Holding Ltd will buy e-commerce business Kaola from Chinese gaming company NetEase Inc for $2 billion, adding a platform that specializes in supplying luxury goods from abroad to Chinese consumers.
Pandora, the world's biggest jewellery maker, will relaunch its brand at an event in Los Angeles later on Wednesday as it tries to attract middle-class shoppers seeking affordable luxury back to its stores.
Canada Goose Holdings' quarterly gross margins missed estimates on Wednesday, as the luxury apparel maker sold more of its light-weight spring season clothes, which are not as profitable as its $1,000 parkas.
The fashion brand has announced that it is launching a digital flagship on Tmall. The storefront will also be featured on the Tmall Luxury Pavilion, the platform set up by Alibaba Group to host luxury and premium brands.
The French luxury house has launched its fragrance and beauty offering on Chinese e-commerce platform Tmall, the first time that consumers in the country can purchase Chanel products online outside of its official site.