Reports

    CHINA NEWS BRIEF: 14 Feb 2024

    Harry Winston, Curiel open new stores; Yang Yang, Yang Zi star in Valentino campaign; Feng Chen Wang launches eyewear collection.
    Harry Winston's eighth retail salon in China is located in Hangzhou Photo: Shutterstock
    Jing DailyAuthor
      Published   in News

    Harry Winston expands in Hangzhou#

    Harry Winston has opened its eighth retail salon in China in Hangzhou, located in the Hangzhou Tower’s Wulin commercial district. The 140-square-meter salon showcases Harry Winston’s jewelry and timepieces, featuring a crème travertine stone façade and a signature gold rosette adorned entrance. CEO Nayla Hayek highlights Hangzhou's cultural significance and economic vitality, emphasizing the brand’s commitment to bringing its timeless legacy to the city.

    Curiel opens new Beijing store#

    On February 9, Curiel opened a new boutique at the Beijing Wangfu Central. The boutique immerses customers in a modern operatic shopping experience through the contrast of light champagne-colored metal decorations inspired by La Scala Opera House’s primary color scheme against velvet backgrounds. The store showcases the new 2024 spring/summer collection “Dolce far Niente.”

    Yang Yang, Yang Zi star in Valentino campaign#

    Valentino has unveiled a romantic collection for Valentine's Day featuring clothing, bags, and shoes, with ambassadors Yang Yang and Yang Zi showcasing the selection. The Valentino Locò calf leather bucket bag, in soft colors, adds a touch of poetry to heartfelt confessions. The men’s collection combines denim elements with navy blue and V logo prints, paired with Freedots low-top calf leather sneakers for a versatile and romantic style.

    Stuart Weitzman unveils capsule collection#

    Stuart Weitzman has launced a special Valentine's Day capsule collection for the Chinese market, combining fashion, functionality, and comfort. Crafted by Spanish shoemakers, the collection features trendy butterfly motifs. The 2024 Valentine's Day limited edition capsule includes the Sofia 45 Slide sandal with butterfly embellishments.

    Feng Chen Wang launches eyewear collection#

    London-based Chinese designer Feng Chen Wang has introduced her inaugural eyewear collection, debuting alongside the Fall/Winter 2024 collection showcased in Paris. Reflecting the brand's hallmark of deconstruction and innovation, the collection comprises two distinct sunglasses. The first, crafted from steel, features a rectangular silhouette inspired by bamboo, with signature bamboo detailing on the arms, while the second adopts a modern, fragmented design inspired by the Wuyi Mountains, available in blue, black, and transparent. Described as a "dystopian approach to eyewear," the release marks a natural progression for the brand, enhancing its range of accessories alongside bucket hats, beanies, and the iconic bamboo bag, and is accessible through the brand's website.

    L’Oréal, Prada team up on beauty products#

    L’Oréal and Prada Group have announced a partnership where L’Oréal will create, develop, and distribute beauty products for the Miu Miu fashion label, founded by Miuccia Prada in 1993 as a contemporary counterpart to Prada. The first fragrances from this collaboration are set to launch in 2025. Miu Miu CEO Benedetta Petruzzo expressed excitement about the partnership’s potential to fuel the brand's growth in the beauty category, while L’Oréal Luxe President Cyril Chapuy emphasized the opportunity to unlock Miu Miu’s creativity and complement L’Oréal Luxe's portfolio.

    MGM’s China earnings surge#

    MGM Resorts International exceeded market expectations for the fourth quarter, largely attributed to the lifting of pandemic-related restrictions in Macau, benefiting its China business. The rebound in travel in China and Macau has positively impacted casino operators like MGM and Wynn Resorts. Adjusted property EBITDAR for MGM China surged 18 percent higher compared to 2019 levels. MGM's total revenue surged by 22 percent to $4.38 billion, surpassing analysts’ expectations.

    Hilton Worldwide posts strong revenue growth#

    On February 7, Hilton Worldwide Holdings announced its financial performance for 2023, reporting YoY revenue growth of 16.7 percent to $10.24 billion, with fourth-quarter revenue increasing by 6.8 percent to $2.61 billion. Hilton achieved several milestones this quarter including the opening of the 600th hotel in the Greater China region, Hilton Nanjing Niushoushan. Hilton President and CEO Christopher J. Nassetta commented on the strong revenue and net profit performance for the year, emphasizing the continued robust growth, with a record number of hotel openings in the fourth quarter.



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