Lanvin revenue grows 1% in 2023

NEWS WRAP: Lanvin business stagnates in 2023

The unit of Chinese conglomerate Fosun reported its revenue rose just 1% last year as the global luxury goods market stalled    By Teri Yu Luxury fashion brand operator Lanvin…

PODCAST: China Loses Its Taste for Luxury, and Popeyes Finds a New China Partner

China’s luxury market shrank by 10% last year, marking its first contraction in at least five years. And less than three years after opening its first China store, fast food chain Popeyes is dumping its original partner in the market and signing on with the local operator of the fast-growing Tim Hortons donut chain.

CHINA BULLETIN: New Year Kicks Off With Mixed Signals

In this week’s issue China stocks extend their slump, Chinese lose their taste for luxury, and Baidu enters the chatbot fray. On a scale of 1 to 10, we give the week a 4.5 for offshore-listed China stocks.

Newly Listed Lanvin Leaves Investors Blowing Hot and Cold

The China-owned luxury company’s shares have gyrated wildly since completion of its SPAC listing in mid-December, losing more than half their value at one pointKey Takeaways:Big volatility in Lanvin’s shares…