BusinessMember
Everlane founder plans new fashion venture following Shein acquisition
Everlane founder Michael Preysman is preparing to launch a new fashion brand following the controversial sale of Everlane to Shein, according to Forbes. The move comes after Shein acquired the US fashion retailer earlier this month in a deal that sparked backlash from customers and sustainability advocates, given Everlane’s long-standing...
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Retail
Less luxury, more clicks: savvy Chinese consumers are shopping smarter
Beijing - Jacqueline Li was astonished to learn of the closure of Galeries Lafayette in Beijing. She believes it signals a change in Chinese shopping habits. Since the Covid-19 pandemic, luxury no longer holds the same appeal as it once did. The closure of the iconic French department store this Wednesday occurs against a backdrop of economic...
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