With official releases pegging China's third-quarter GDP growth at 6.5%, the "world's factory" is hitting its slowest pace in nine years and if the luxury goods industry continues to depend on the market for revenue growth, it would a recipe for disaster.
Inspired by the water tribes of the Ming dynasty, the Fuchun Boat Rooms float above a tranquil lakeside in rural China for an elegant, cultural experience.
CEO Frederic de Narp proven right as Bally profits rise on strong Asia performance as well as capsule collections featuring hip hop culturally relevant accessories and garments have encouraged sales in the U.S.
Qatari investment fund Mayhoola, owner of Italian fashion house Valentino, and Chinese Fosun, a conglomerate behind French Club Med, are both in a battle to acquire majority stakes in French fashion couturier Lanvin.
