Retail News CRM

Tag: China

  • CapitaLand to explore investments in high-tech business park and new-gen township in Zhejiang

    CapitaLand to explore investments in high-tech business park and new-gen township in Zhejiang

    CapitaLand is set to broaden its master planning and urban design capabilities in China through new strategic partnerships in Ningbo and Jiaxing – two fast-growing cities in Zhejiang Province, east China.  Through its wholly owned subsidiary CapitaLand China, CapitaLand has signed two Memoranda of Understanding (MoUs) to explore developing and managing large-scale business park and township projects in line with a new direction in China’s urbanisation drive emphasising integration between industrial and urban development (产城融合). The signings took place this morning in Zhoushan at the 13th Singapore-Zhejiang Economic and Trade Council meeting witnessed by Ms Sim Ann, Singapore’s Senior Minister of State for Trade and Industry, and Culture, Community and Youth; and Mr Zhu Congjiu, Zhejiang’s Vice Governor.

    Under the MoU with Ningbo’s Haishu District Government, CapitaLand will explore investing in a business park comprising research & development facilities, offices, residences and civic & community facilities that supports Ningbo’s push to attract higher-tech manufacturing industries under China’s Made in China 2025 blueprint.  In another MoU with Zhejiang Communications Investment Group Co., Ltd., CapitaLand will explore investing in a new-generation township comprising integrated developments, offices, residences and serviced residences built around Jiaxing’s highspeed rail (HSR) station in Yuxin area.

    Mr Lim Ming Yan, President & Group CEO of CapitaLand Group, said: “In tandem with China’s rapid urban development, CapitaLand has grown our real estate business across asset classes, and sharpened our development and operational capabilities to address China’s urbanisation needs.  Our extensive track record in integrated developments has honed our expertise in making the most efficient use of limited land supply to create vibrant communities with an optimal mix of quality live-work-place spaces that are seamlessly integrated and interconnected.  As one of Asia’s largest real estate fund managers, our experience in capital management is also a key success factor for mega projects with a longer development horizon.  CapitaLand is in a strong position to continue playing an active role in China’s next phase of urbanisation.”

    Lees ook:

    Lees ook:

  • Alibaba brings ‘New Retail Concept’

    Alibaba brings ‘New Retail Concept’

    E-commerce powerhouse, Alibaba Group, has given Aussie consumers a glimpse of its ‘New Retail’ strategy via pop-up launches in Australia this week.

    Set in an apartment style store space at Westfield Chatswood in Sydney’s north, Alibaba’s first Aussie pop-up featured technologies that the e-commerce giant thinks are the future of online and offline shopping.

    With the location only operating for less than a week – ahead of another temporary location launching later this week at QV Melbourne – Alibaba is using the stores to demonstrate where it thinks the retail industry is headed.

    “We’re driving this new retail strategy in China where we believe payments, entertainment, online and offline are going to merge into one seamless experience for the consumer,” said James Hudson, Alibaba Group director of corporate affairs and marketing, on a walk-through tour of the pop-up. “It is extraordinary how fast this is happening in China.”

    Alibaba is also using the pop-ups to show various CTOs and technology teams from local retailers the ways in which it is pushing away the “either-or” retail equation, in favour of a model that melds both in-shop and online experiences.

    The store features augmented reality, AI mirrors and virtual, cloud-enabled shelf technologies. All products in the pop-up have QR codes that are scanned using the app from Alibaba’s subsidiary shopping website,Taobao, which is immediately linked to its online merchandise.

    Hudson said the ‘cloud shelf’ enables retailers to showcase a whole range of products that they wouldn’t be able to stock in their store otherwise. Geotag technology on products also allows consumers to scan and find out more information or buy products.

    Using video recognition, consumers can also have product recommendations supplied by staring into digital screens that find products based on a customer’s mood.

    Raymond Ma, head of ASEAN and ANZ for Alibaba Cloud said while the cloud supports all infrastructure requirements, the most important aspect is the big data analysis that AI offers.

    Entertainment, according to Hudson, is also a major component of New Retail.

    “We want to drive consumers to want to visit offline stores because it gives them more choice and allows retailers to do a whole range of different merchandising solutions.”

    With the majority of Alibaba shoppers falling under the age of 30, the pop-up incorporates a gaming element  – with consumers able to play online games to accrue points for shopping discounts or win coupons.

    Only Chinese migrants or those with a Chinese bank account are able to shop at the locations.

    More partnerships, not store fronts in Oz

    Hudson said there are no plans for Alibaba to roll-out store fronts in Australia, with the company instead focusing on building partnerships with local retailers.

    Alipay is also on the rise locally, with 8,000 retailers now accepting Alipay – the company’s payments platform – from Chinese consumers.

    While online sales penetration in China the highest in the world, brick-and-mortar retail still accounts for more than 80 percent of total retail sales.

    Alibaba’s Hema supermarkets have also continued to roll-out in China, with 38 opened in 18 months and 100 more to open over the next year.

    The supermarkets sell groceries, fruits, vegetables and fresh seafood. Consumers are able to take fresh products, including seafood, raw or cooked, or have it prepared to eat in-store.

    For consumers who live within three kilometres of the market, Hema supermarkets deliver goods within 30 minutes. Each store serves as its own warehouse and logistics centre that collects, fulfils and delivers customer orders as fast as they come in, online or offline.

    Other initiatives that Alibaba is rolling out include auto vending machines, with the first launched in partnership with Ford in the southern city of Guangzhou.

    The Ford auto vending machine lets customers browse makes and models inside their app, choose one they want to test drive, pick it up from an unmanned vending machine and drive it for up to three days, before making an appointment to visit a dealer when they’re ready to buy.

    Lees ook:

  • Chinese visitors can now use Alipay in The Dubai Mall

    Chinese visitors can now use Alipay in The Dubai Mall

    Alipay, the world’s largest online and mobile payment platform operated by Ant Financial Services Group, and The Dubai Mall, the world’s largest and most-visited retail and entertainment destination, located in the heart of the prestigious Downtown Dubai, today jointly announced that Chinese mainland visitors can now use Alipay to pay for a wide range of shopping, dining and must-see leisure attractions.

    With the remarkable growth and importance of Chinese tourism to Dubai, The Dubai Mall is continuing to look at ways to accommodate their needs, which includes multilingual Guest Services staff and Chinese language Mall Guides.

    Chinese visitors can now look for stores across The Dubai Mall through Alipay’s in-app Discover platform, and pay for their orders in RMB via Alipay at the cashiers.

    Key destinations include The Souk, an elegantly designed precinct featuring jewellery shops, accessory outlets, traditional Arab clothing and handicraft stores; or The Village, which offers a rich collection of denim brands and brings an outdoor community feel with tree-lined walkways, cafés and restaurants; or the newly expanded Fashion Avenue, which provides a significant boost to Dubai’s premium shopping options, with over 150 luxury shopping and dining experiences including flagships and new concepts.

    In addition, Chinese visitors can use Alipay at all The Dubai Mall’s popular entertainment attractions including Dubai Aquarium & Underwater Zoo, the newly opened VR Park, Dubai Ice Rink and At the Top, Burj Khalifa, the world’s highest observation deck with an outdoor terrace.

    With a total internal floor area of 5.9 million sq ft, The Dubai Mall has 3.77 million sq ft of gross leasable space and over 1,300 retail outlets including two anchor department stores – Galeries Lafayette and Bloomingdale’s – and over 200 global food and beverage outlets. The Dubai Mall offers an unparalleled retail mix combined with world-class dining, entertainment and leisure attractions.

    The Dubai Mall, the world’s largest shopping and entertainment destination, is part of Downtown Dubai, Emaar Properties’ flagship mega-development.

    Alipay currently has over 520 million active users in China. According to a report from Alipay and Nielsen, ease of payments is also a leading factor when it comes to key purchase decisions for Chinese tourists. 91% of Chinese tourists claimed they would show greater willingness to spend and shop if overseas merchants accepted Chinese mobile payments.

    Statistics by The Department of Tourism and Commerce Marketing in Dubai show that over 764,000 Chinese tourists visited Dubai in the fiscal year of 2017, with a year-on-year growth of 41%, ranking China as the 5th largest source market of Dubai. Over 68,000 Chinese tourists visited Dubai this January*.

    Lees ook:

  • China Unicom, Huawei collaborate on 5G network slicing

    China Unicom, Huawei collaborate on 5G network slicing

    China Unicom and Huawei Technologies have signed an agreement to conduct joint research, demonstration, and deployment of 5G network slicing.

    Under the agreement, Unicom and Huawei will work together to develop key technologies and solution for the Chinese telco’s 5G network slicing services and applications.

    The pair will also jointly promote network slicing for various vertical markets, such as VR/AR games, industrial control, Internet of Vehicles (IoV), and the Internet of Things (IoT).

    “Network slicing is a key native capability of 5G, which can maximize the efficiency of communications networks and reduce network construction and O&M costs,” said Zhang Yong, president of China Unicom’s Network Technology Research Institute.

    “In the 5G era, the concepts of slice as a capability and slice as a product have become an industry consensus. China Unicom will demonstrate the multi-scenario slicing service in vertical industries and deepen the integration with the industry to facilitate digitalization in China.”

    Zhang said Unicom wants to focus efforts on terminals, chips, networks, and vertical industries.

    He Weijie, vice president of Huawei Cloud Core Network Product Line, said the company’s concepts of slice as a service and slice as a product have played a major role in shaping the 5G business model.

    With its agile deployment, security isolation, high reliability, and automatic management, network slicing helps operators like Unicom to expand the vertical industry market in the 5G era and fully exploit the potential of their networks, He said.

    As the fundamental feature of 5G, network slicing enables mobile operators to run multiple logical networks as virtually independent business operations on a common physical infrastructure. It brings new opportunities for operators to engage with the vertical market.

    In February, a handful of industry players, including China Mobile, Huawei, Tencent, Germany’s Deutsche Telekom, Digital Domain and Volkswagen, jointly founded the 5G Slicing Association.

    The association, inaugurated during Mobile World Congress 2018, will study key technical issues in 5G network slicing, cooperate with slicing-related standards development organizations and forge test beds and trials aimed at verifying the capabilities of the technology.

    Lees ook:

    Lees ook:

    Lees ook:

  • Sportswear sales growth goes up

    Sportswear sales growth goes up

    Sportswear sales grew faster than those of luxury goods in China between 2012 and last year, says research group Euromonitor International.

    Market leaders Adidas and Nike have both had double-digit sales growth, while Lululemon and Under Armour are also dominant.

    Meanwhile, local brand Particle Fever is attracting attention with its designer sportswear.

    “People in China, especially Beijing, want to be seen differently,” says co-founder Zoe Liu, who says it is the only local activewear brand that takes a creative approach to marketing and branding. It makes sports bras, leggings and running shorts designed to be trendy and fashionable as well as comfortable for activities.

    Liu’s line, which is sold on Tmall as well as by Lane Crawford, sits alongside the sportswear collections of New Balance and Reebok in retail outlets like Runner Camp, a concept fitness store that opened in Shanghai six months ago and includes an experience centre and running track as well as a gym.

    Less than 10 years ago, most young Chinese female tourists in the country’s mountains wore a dress and heels. Booming interest in health and fitness has generated demand for more practical and fashionable fitness gear.

    Liu is now making final preparations for opening her second showroom in China, in WF Central, a new high-end shopping mall on Beijing’s oldest shopping street, Wangfujing. It will look more like an art gallery or a designer concept store as Liu and her team collaborate with artists to create visual displays.

    They also plan to invite emerging sports groups, such as modern dance troupes, for in-store performances.

    WF Central, developed by Hongkong Land, prioritises wellness, with its tenants including Under Armour with its largest showroom internationally, Superdry with a flagship store and Hong Kong’s Pure Yoga with its first studio for China.

    Lees ook:

  • China performs best for L’Occitane International

    China performs best for L’Occitane International

    China continued to outperform for fragrance group L’Occitane International during the year ended 31 March, its unaudited trading figures show.

    Along with Brazil, Hong Kong and the US it showed the highest sales growth in local currencies.

    China’s sales growth was 20.5 per cent in local currency with same-store sales growth of 15.1 per cent as it maintained strong momentum online and offline.

    The group’s net sales reached €1.3 billion (US$1.5 billion), growing 4.6 per cent at constant rates. Unfavourable foreign-exchange rates saw net sales at reported rates ease by 0.3 per cent over last year.

    During the 12 months, the company disposed of Le Couvent des Minimes while LimeLife became a subsidiary in January. Excluding Le Couvent des Minimes, LimeLife and a one-off deal for L’Occitane au Bresil in September 2016, the group’s sales growth at reported rates and constant rates were -1 and 3.7 per cent respectively.

    Emerging brands Melvita, Erborian and L’Occitane au Bresil (excluding the one-off deal) continued double-digit growth.

    The group opened 41 stores and renovated 153 during the year, compared with 51 openings and 104 renovations the previous year.

  • ZTE calls US export ban “unacceptable”

    ZTE calls US export ban “unacceptable”

    ZTE has objected to the imposition of a seven-year ban on importing any US components as part of the ongoing fallout over allegations that the company violated US sanctions by selling equipment with US components to Iran and North Korea.

    In a statement, ZTE said it is “unacceptable” that the US Department of Commerce’s Bureau of Industry and Security has imposed the most severe penalty on the company even before the completion of the investigation of facts.

    The Department of Commerce last week activated a seven year prohibition on US companies exporting products to ZTE.

    The prohibition had been imposed in March last year, when ZTE agreed to pay $892.3 million to settle the US investigation into the sanctions case. The ban, as well as a $300 million additional penalty, were suspended for a seven-year period as long as ZTE complied with the requirements of the settlement agreement.

    But the Department of Commerce has now imposed this ban after accusing ZTE of making false statements during settlement negotiations and the probationary period relating to disciplinary actions the vendor claimed it was taking on senior employees embroiled in the sanctions case.

    The action has been taken on the grounds that ZTE did not reduce bonuses offered to the employees or issue them letters of reprimand in a timely manner.

    But the company said this ignores the disciplinary action that has been taken and the fact that the company has engaged a prestigious US law firm to conduct an independent investigations.

    “The Denial Order will not only severely impact the survival and development of ZTE, but will also cause damages to all partners of ZTE including a large number of US companies,” ZTE said.

    “In any case, ZTE will not give up its efforts to resolve the issue through communication, and we are also determined, if necessary, to take judicial measures to protect the legal rights and interests of our company, our employees and our shareholders, and to fulfill obligations and take responsibilities to our global customers, end-users, partners and suppliers.”

    The department’s decision comes in the wake of the recent ban on US government departments buying devices and equipment from fellow Chinese vendor Huawei.

    At the Huawei Analysts Summit in Shenzhen last week, Huawei rotating chariman Eric Xu appeared to acknowledge that the company has been largely locked out of the US market.

    ”For Huawei, we still focus on doing our own things well. No matter what difficulties we encounter, we can only survive and thrive by doing our own business well and serving our customers better,” he said.

    “There are things we cannot change its course, and it’s better not to put it on top of your mind. In this way, we have more energy and time to serve our customers, and to build better products to meet the needs of our customers. In some cases, just let it go and we’ll feel at ease.”

    The timing of the two decisions have spurred speculation that Huawei and ZTE may have been casualties in the ongoing trade war between the US and China, which has also led to the imposition of tariffs on the importation of multiple categories of products.

    There has also been speculation that China may be retaliating by holding out on providing US chipmaker Qualcomm with regulatory approval to acquire NXP Semiconductors.

    Lees ook:

    Lees ook:

    Lees ook:

  • Iceland Foods partners up with JD.com

    Iceland Foods partners up with JD.com

    Welsh supermarket giant Iceland Foods will partner with e-commerce platform JD.com to sell its products to China.

    These will include its own-brand products such as biscuits, cereals and sauces, as well as cosmetics brands Pulsin, Re-gen, and Soft and Gentle.

    “With the rapid growth and significant opportunities the market in China offers we decided it was time to act,” says Iceland founder Sir Malcolm Walker.

    “Iceland adds to the growing number of British brands on our platforms as we continue our push to bring the best of Britain to Chinese consumers,” says JD Worldwide GM Yang Ye. The number of UK brands on JD.com has doubled in the past few years, and this week it held a 24-hour “Celebrate Britain” promotion.

    Lees ook:

  • Sequential Brands signs deal for Chinese market

    Sequential Brands signs deal for Chinese market

    Sequential Brands Group has signed a multi-year deal that will take its Avia sports shoes to Greater China.

    Its agreement with Beiying Sports Technology, a manufacturer and distributor, involves the companies developing and distributing men’s, women’s and children’s footwear, apparel and accessories. The new collection will launch this year across all retail channels.

    Beiying also plans to open Avia stores, including flagship outlets in key metropolitan Chinese cities, over the next few years.

    China is an important market with its growing sports industry, says Sequential’s active division president Eddie Esses.

    “With a rich heritage since 1979, the brand resonates extremely well with the Chinese consumer,” says Beiying MD Jinzhang Lin.

    Advisory group Symphony Investment Partners, helped the US group with the transaction.
    Based in Fujian Province, Beiying is a subsidiary of the industrial group Hengchong.

    Lees ook:

  • Luxba Group selected as the new partner for Sergio Rossi

    Luxba Group selected as the new partner for Sergio Rossi

    A new strategic partnership with brand management company Luxba Group will help Sergio Rossi open franchise stores across China.

    Following a full relaunch, the Italian women’s luxury shoe company has also signed an agreement with Hong Kong billionaire entrepreneur Adrian Chen to help achieve growth in China.

    Sergio Rossi last year closed its 10 franchise stores in China it had opened with another distributor. In changing partners, it hopes to make a “solid relaunch” in the country.

    “We chose a partner with the resources, experience and a vision in line with ours to help us go further,” says Sergio Rossi CEO Riccardo Sciutto. “The Luxba Group, with Adrian’s network, makes for such a partnership.”

    Details of the agreement have not been disclosed.

    Cheng, who is also executive director of jewellery manufacturer/retailer Chow Tai Fook Jewellery Group, six months ago launched C Ventures with the aim of creating a stable of brands and digital platforms specifically aimed at millennials and generation Z, a target market for Sergio Rossi. Already the venture has attracted brands like Disquared2 and Moschino.

    Lees ook:

    Lees ook:

  • Huawei chief downplays 5G expectations

    Huawei chief downplays 5G expectations

    Eric Xu, rotating chairman of Huawei, has downplayed the expectations on 5G, warning that consumers will not likely see a fundamental difference between 5G and 4G.

    “Over the last couple years the entire industry, especially governments around the world, regards 5G too high, as if it’s a digital infrastructure for everything, Xu told attendees at Huawei’s Analyst Summit in Shenzhen on Tuesday.

    He said Huawei did have expectations on 5G, but they were not as big as some people might think. “[5G]It’s just a natural evolution of technology, from 2G to 3G to 4G, and now 5G,” he said. “If you look across the entire portfolio of Huawei business, 5G is just one product.”

    “We’re going to have 5G, but you don’t have a fundamental difference between 5G and 4G… you don’t’ have a material difference between 4G and 5G.” he said

    For the average consumer, he noted, they would only perceive a difference in speed.

    He pointed out that the full 3GPP Release 15 – which is expected in June this year – will only address part of future use cases for 5G, which is the enhanced mobile broadband for consumers. Only until 2019 will the industry have full 5G-compliant standards that cover massive connectivity and lower latency.

    Xu said the current 4G infrastructure is “pretty robust” and good enough to support most use cases and he doesn’t see many clear use cases or applications which can only be supported with 5G.

    That said, Xu is not expecting 5G to be used for nationwide coverage, at least to begin with. Instead, he expects 5G to be used for specific, more localized deployments where there is a need for increased speed and bandwidth.

    However, he noted, this doesn’t mean it’s not worth investing in 5G. “If you’re not investing in 5G, your customers won’t invest in your 4G,” Xu said.

    “It’s the same case for telecoms operators. They are driven by competition, if one telco in the market says, ‘I have 5G-enabled services,’ the other service providers will have to launch 5G, for marketing and branding reasons.”

    Xu said Huawei will continue to be committed in 5G investment and the company’s progress in this area is quite “encouraging.”

    “By the second half of this year we will launch end to end 5G solution to cater our operators customers who do have requirements for 5G. And we are going to launch 5G-capable smartphones in the third quarter of next year.”

    Lees ook:

  • Sales starts to pickup for China Dongxiang

    Sales starts to pickup for China Dongxiang

    First-quarter growth has been reported by sportswear company China Dongxiang Group, which owns all rights to the Kappa brand in China, Macau and Japan.

    Same-store sales, excluding the Kappa Kids and Japan businesses, achieved “mid-to-high” single-digit growth year on year, while the retail performance saw high single-digit growth.

    “The retail performance of Kappa stores for the overall offline platform is recovering,” says executive director/CEO/president Zhang Zhiyong.

    The group designs, develops, markets and wholesales branded sportswear in China.

    Lees ook:

  • JD Sports Australia to expand logistics capabilities

    JD Sports Australia to expand logistics capabilities

    British sports fashion retailer JD Sports has issued a vote of confidence in its fledgling Australian operation, revealing that it is expanding its local logistics capabilities to facilitate “anticipated future growth”.

    Delivering its financial results for the 53 weeks ended 3 February in the UK on Tuesday, JD’s executive chairman Peter Cowgill said work to bolster its fulfilment in Australia was ongoing and that initial trading from its first five stores Down Under was “encouraging”.

    “Our initial performance in these markets [including Malaysia] is encouraging and it has given us the confidence to investigate options in other territories,” Cowgill said.

    “A smaller scale project to expand our logistics capabilities in Australia to facilitate anticipated further growth, both in stores and online, of the JD fascia is also ongoing,” he said.

    The comments come just a week after JD’s local arm, which is being shepherded by Rebel founder Hilton Seskin, announced three new stores (bringing its total to 9), one of which is already open in Macquarie, Sydney.

    JD has worked with the local veteran on slowly laying the bedrock for its Australian expansion over the last few years, launching about a year ago.

    As of 3 February JD had 12 stores in Asia Pacific and 52 stores across other businesses in the region, such as Glue in Australia.

    The listed British business does not separate its sales figures from individual markets outside of the UK, but revenue from operations outside of its home market and Europe increased by 46.6 per cent to £31.5 million (AUD$58.01m) during the year.

    Record profit

    Group-wide JD reported a record increase in its before tax profit for the year, up 24 per cent to £294.5 million (AUD$524.32m).

    Group revenue was up by 33 per cent to £3.16 billion (AUD$5.82bn) on the back of 187 store openings, including a net increase of 70 stores in the UK and Europe alone. The business has 1237 locations globally.

    Cowgill said he had been “very encouraged” by the result, which brings total profit growth since 2015 to more than 200 per cent.

    “The investments we have made over a number of years in developing our multichannel proposition and driving improved buying, merchandising and retail discipline have ultimately led to the creation of a world class sports fashion business which combines the best of physical and digital retail on an increasingly global scale,” he said.

    We are very encouraged by the progress that we are making internationally, and we continue to look for further opportunities to bring our dynamic multichannel proposition to new markets around the world with the support of our key brands”

    JD is currently finalising a yet-to-be-approved deal to purchase American footwear chain The Finish Line for $558 million, a move that will supercharge its expansion into the US.

    JD provided no specific outlook, but said it is satisfied with its progress and remains confident about the prospects for the current financial year.

    Lees ook:

  • Suning Holdings to open its first office in Milan

    Suning Holdings to open its first office in Milan

    China’s Suning Holdings will open an office in Milan within the next two months, to be followed by offices in the UK, France and Germany by the end of the year.

    In its latest sourcing plan, the firm has set aside RMB10 billion (US$1.5 billion) to source products on the Continent over the next three years.

    Suning announced the move during Milan Design Week, where it has been exploring deals with overseas designers to help it create products for its new Suning Jiwu (“ultimate creation”) stores. It aims to introduce stylish, high-quality home and fashion products from Europe into China.

    The new format features popular brands, original designs, life essentials and creative interactions. The first store, covering 400sqm, opened in Nanjing last month, with more than 300 set to open throughout China within the next three years, including at least 50 large-scale flagship stores.

    Suning International VP Steven Zhang says Jiwu caters for a “personalised consumption culture”.

    Already the company has partnerships with Italian brands across different industries including Furla, San Benedetto, TechnoGym and Versace Home. Its new sourcing plan in Europe highlights luxury fashion, health, household and FMCG products. Representatives of Chateau D’Ax, Cova, Kartell, Kiko, Versace and YNAP were among the guests at its opening event at Milan Design Week.

    Suning already has an established network covering Hong Kong, Japan and the US. The group expects 30 per cent of its revenue will come from international business by 2020.

    Lees ook:

  • MSGM China opens a new Beijing boutique

    MSGM China opens a new Beijing boutique

    MSGM China has opened its second store, a boutique in SKP Beijing.

    The Italian fashion label’s 15th store, it offers menswear, womenswear and accessories. The 100sqm space features flexible iron display structures, geometric neon lighting and Carrara and black Marquina marble surfaces interrupted by a fluorescent yellow stripe, a hallmark of the brand.

    MSGM China’s first store opened in Shanghai last year, when the brand also opened a space in Seoul.

    Lees ook: