Daily Brief

September 16, 2019

TODAY’S TOP FIVE CAN’T-MISS STORIES

  • 1

    With Prada Out, Can Hong Kong’s Russell Street Outshine Fifth Avenue or Champs-Élysées As the World’s Costliest Retail Strip?

    Landlords in Hong Kong’s Russell Street, the most expensive shopping address on the planet, are likely to slash rents after fashion house Prada declared it would not renew the lease on its flagship store next year, according to market observers. Read more on South China Morning Post

  • 2

    “China Chic” on Parade in Not One, But Two Dedicated NYFW Showcases

    In early 2018, Chinese ecommerce platform Tmall helped launch New York Fashion Week’s first-ever “China Day,” in an effort to showcase the country’s “homegrown fashion talent” and “growing creative culture” (and probably also to sell more brands abroad). Read more on RADII China

  • 3

    Gucci Losing Brand Heat in China, RBC Report Says

    A survey of Chinese luxury consumer preferences has found that Gucci has slipped from the top-five ranking for purchase intent in handbags and ready-to-wear for the first time in three years. RBC Capital Markets polled 750 affluent Chinese consumers between Sept. 3 and 6 for its biannual report. Read more on Women's Wear Daily

  • 4

    Hong Kong Gold Market Losing Shine Amid Political Unrest

    Long-running and sometimes violent street protests in Hong Kong are helping tarnish its luster as the main physical gateway of gold to China, the world’s top bullion buyer. Read more on Reuters

  • 5

    Speak Softly, Make Tough Decisions: An Interview with Alibaba Group Chairman and CEO Daniel Zhang

    The chairman and CEO of China’s e-commerce giant describes Alibaba’s approach to innovation and how he balances analytics and instinct to push himself to spot hidden opportunities. Read more on McKinsey & Company