Chinese brand ambassadors of fashion labels from Coach to Givenchy have severed ties with the companies over products which they said violated China’s sovereignty by identifying Hong Kong and Taiwan as countries.
Kim Jong Un is encouraging beauty-conscious middle-class women to choose North Korean cosmetics over foreign brands as international sanctions deepen.
Italian luxury label Versace and its artistic director Donatella Versace apologised on Sunday after one of the company’s T-shirts was widely criticised on social media in China for identifying Hong Kong is a country. Versace, which was bought by US-based Capri Holdings in September, said on its Weibo account that it had made a mistake and as of July 24 had stopped selling and destroyed the T-shirts.
Internet users on the Chinese mainland have blacklisted popular Taiwanese bubble-tea brands after a Hong Kong franchise urged solidarity with protesters.
FMCG giant Nestle started selling Starbucks-branded coffee in Mainland China today, seeking to tap growth in a market where it says coffee consumption per capita remains low compared to global standards. Nestle last year paid US$7.15 billion for exclusive rights to sell the US chain’s coffees and teas globally, and began selling Starbucks-labelled products in Europe, Asia and Latin America in February.
Retail sales in Indonesia declined 1.8 per cent in June, compared with an annual growth rate of 7.7 per cent a month earlier.
An advertising blitz and grassroots patriotism have proven to be a potent mix for smartphone maker Huawei at home.
Levi Strauss & Co has been “deliberate and diligent” in moving production out of China because of uncertainty hanging over tariffs on goods imported from China.
Prada sales rose 2 per cent in the first half of the year, as improving full-price sales and a solid growth in its wholesale channel offset the impact of a move to cut back on markdowns.
The latest Trump tariff will hit US$300 million worth of Chinese imports from September 1.