Luxury and beauty brands reported stellar results during the 618 shopping festival. But the silence around platforms’ GMV figures hints at underlying consumer concerns.

From Versace to Nike, luxury and sportswear brands alike are reporting promising sales growth in China. However, the same cannot be said about their performance in North America.

Niche designer brands, personalized connections, and local collaborations are the tactics winning over Chinese consumers.

As the luxury industry outlook darkens on China’s uneven recovery and faltering spending in the US, Michael Kors seeks to boost revenue in Asia.

The Tapestry-Capri Holdings merger is positioned as a direct challenge to European luxury conglomerates LVMH and Kering, which have long dominated the luxury market.

Part one of exploring the affordable luxury dilemma in China and how industry giants like Tapestry and Capri Holdings are adapting.