China News Brief
    May 31, 2024

    Bulgari to honor Golden Goblet Award winners at Shanghai Film Festival; Balenciaga’s Spring 25 Show in Shanghai features culinary collab; Mugler debuts in China with Shanghai store.
    Actress Rinko Kikuchi poses with her Best Actress trophy on the stage during the closing ceremony of the 25th Shanghai International Film Festival at Shanghai Grand Theatre on June 17, 2023 in Shanghai, China. Image: Getty Images

    Bulgari to honor Golden Goblet Award winners at Shanghai Film Festival#

    Bulgari has partnered  with the 26th Shanghai International Film Festival, which opens June 14 with the theme City of Film. Shanghai, the birthplace of Chinese cinema, has shaped a diverse artistic style and written a brilliant chapter in China’s film history. The collaboration marks Bulgari’s 140th anniversary. During the festival, Bulgari will present custom medals and special gifts to the Golden Goblet Award winners for Best Actor, Best Actress, and the Jury Grand Prix.

    Balenciaga’s Spring 25 Show in Shanghai features culinary collab#

    Balenciaga held  its Spring 25 Collection show in Shanghai yesterday. Balenciaga partnered with Nanxiang Mantou Dian in Xintiandi for a special collaboration. From May 29 to June 2, 2024, they will offer limited edition snacks and takeout packaging. Outdoor diners can enjoy their meals under gray, pyramid-shaped sun umbrellas featuring the Balenciaga logo.

    Mugler debuts in China with Shanghai store#

    Mugler opened  its first store in China at Shanghai Réel Shopping Mall, featuring both fashion and fragrances. The store, designed by architect Sophie Hicks and Creative Director Casey Cadwallader, incorporates sharp tail fins and louvered windows, adding a new dimension to Mugler’s signature blue. This is the first time since the flagship store on Rue du Faubourg Saint Honoré in Paris that Mugler’s fashion and fragrances are showcased together.

    Anta Sports taps internal talent to lead Maia Active#

    Anta Sports has appointed  Zhao Guangxun as President of Maia Active, a yoga apparel brand, reporting directly to CEO Xu Yang. This move highlights Anta’s focus on the women's segment and strategic development of Maia. Zhao, currently Vice President of Retail Operations at Anta, has extensive retail strategy experience. Xu Yang, before becoming CEO, significantly increased Arc’teryx China's store revenues. Anta acquired a 75.13% stake in Maia last October. Founded in 2016 in Shanghai, Maia Active designs sportswear for Asian women and has received investments from Sequoia Capital, China Media Capital, China Growth Capital, and Belle International.

    VF Corp taps Lululemon veteran Michelle Choe to helm Vans#

    American outdoor apparel group VF Corporation appointed  Michelle (“Sun”) Choe as Global Brand President of Vans, effective late July. With nearly three decades of experience, Sun has led design and merchandising for brands like Lululemon, Marc Jacobs, and Levi’s. At Lululemon, she served as Chief Product Officer for seven years, significantly growing revenues and profitability. VF CEO Bracken Darrell praised Sun’s consumer-focused leadership and ability to drive financial results. Sun Choe joined Lululemon in 2016 and led significant sales growth. Her departure caused Lululemon’s stock to drop 10% last week.

    Italian designer Veronica Leoni to revive Calvin Klein’s runway collection#

    Calvin Klein has appointed  Italian designer Veronica Leoni as Creative Director for its high-end ready-to-wear collection, effective yesterday. Reporting to Global Brand President Eva Serrano, this move signals the brand’s return to the runway. Leoni, with experience at Jil Sander, Celine, Moncler, and The Row, founded her brand Quira and was a 2023 LVMH Prize finalist. Her first collection for Calvin Klein will debut in Fall 2025. This marks the first appointment since Raf Simons’ departure in 2018, which led to the closure of the high-end line. PVH Corp’s 2023 financial report shows a 3% annual revenue increase for Calvin Klein.

    OTB Group weighs 2026 IPO#

    OTB Group Chairman Renzo Rosso recently said that the company’s listing  might be postponed to 2026. Rosso had announced in October last year that OTB was preparing for a 2025 IPO, but the increasingly challenging market environment in the luxury fashion industry has prompted the company to reconsider the timing. Rosso said, “The start of this year has been somewhat subdued, which means it’s best to wait for the right moment. When you take such a step, you want to ensure that performance meets investors’ expectations.” OTB Group owns brands such as Diesel, Jil Sander, Maison Margiela, Marni, and Viktor & Rolf.