Money Buzz! Europa

Tag: fashion

  • Italian fashion retailers registered sales of USD 6 billion in China

    Italian fashion retailers registered sales of USD 6 billion in China

    Italian fashion retailers exported more than USD 6 billion worth of products to China in the first half of the year, according to data on the first half of the year published by Beijing ITA.

    Italian producers surpass, for the first time in history, French competitors on the Chinese market.

    In the first six months of 2021, Chinese imports from the world fashion market increased by 46%, and exports of Made in Italy products to China almost doubled (+ 96%).

    Italy reached a share of the Chinese fashion market of 12%, followed by French companies (11%).

    China also imports fashion products from Asian countries, with the largest markets being Japan (imports of $ 5.1 billion), Vietnam ($ 5 billion) and South Korea ($ 3.6 billion).

  • Online fashion retailer Boohoo acquires the Debenhams brand and website

    Online fashion retailer Boohoo acquires the Debenhams brand and website

    Online fashion retailer Boohoo has acquired the Debenhams brand and website for £ 55 million ($ 75 million), but will not take over the retailer 118 stores or the workforce, BBC reports.

    Thus, it is possible that almost 12,000 employees of the Debenhams chain of stores to be laid off.

    Boohoo has already bought several brands, Oasis, Coast and Karen Millen, but without the associated stores.

    In December, Debenhams went into liquidation, after the failure of negotiations with JD Sports, after the coronavirus pandemic (Covid-19) significantly affected the retail sector.

    The sale of the 124 Debenhams stores began in December, with administrators continuing to look for deals for the entire business, but also for certain parts.

    Recently, the company announced that six units will not be reopened, including the famous store on Oxford Street in London.

  • Which are the most duped fashion brands in the world

    Which are the most duped fashion brands in the world

    As shoppers are becoming experts at finding their own luxury dupes, which brands are we most interested in saving a pretty penny on?

    To find out, OnBuy utilised Ahrefs to find the average monthly search volumes of some of our favourite luxury and higher priced brands.

    With a whopping 61,990 global searches monthly, Yeezy tops the list of high priced brands that we search for when it comes to fakes.

    Following behind in second place is Gucci, with 41,490 monthly searches. Taking third place is Louis Vuitton with 25,920 monthly searches.

    Supreme claims fourth with 15,340 searches per month and Chanel a close fifth (13,000).

    An OnBuy survey also found that 22% of those surveyed already own fake goods and just over 1 in 2 of us (54%) would consider buying a fake.

    OnBuy asked those surveyed if they have ever bought a designer knockoff for someone as a gift, and it turns out 18% of us have.

    67% of those that said yes didn’t tell the person they gifted it was fake whereas 23% did.

  • Coronavirus could kill Milan’s fashion sector

    Coronavirus could kill Milan’s fashion sector

    The fashion sector, one of Milan’s leading industries, is in crisis. The alarm was raised by Federmoda which calculated how 12 thousand stores in Lombardy suffered a drastic drop in sales of more than 50%, Milano Today reports.

    The association foresees a total loss of over 3.7 billion euros in Milan fashion retail alone at the end of the year, with the definitive closure of 350-400 stores out of over 2.500 in the city.

    The Italian city of Milan is recognised internationally as one of the world’s most important fashion capitals, along with Paris, New York and London.

    In 2019, via Montenapoleone in Milan ranked as the most expensive retail location in Italy. The average yearly rent in the Milanese luxury shopping street was as high as 13.7 thousand euros per square meter.