Bosideng's misfire in London reveals Chinese fashion's image problem
The maker of down jackets puts international expansion on hold after closing its unprofitable London store
Shanghai
SELLING upscale apparel in London and New York shouldn't have been so hard - at least that's what Chinese clothing maker Bosideng International Holdings Ltd predicted when it tried to go global in 2012.
Bosideng, which makes down jackets for giants including Adidas AG, was the most successful outerwear supplier in China when chairman Gao Dekang opened a £35 million (S$62.5 million) store in London's Mayfair.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Sheng Siong Q1 net profit up 9.3% on higher revenue
Nestle sales growth sputters on US slump, vitamin snags
Hermes Q1 sales jump 17% on strong China demand
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Cordlife customers push for legal action