November 3, 2026
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China’s Tax Crackdown Adds Pressure on Luxury Brands Amid Weak US Spending

China’s crackdown on wealthy individuals over unpaid taxes is adding pressure on luxury brands already facing geopolitical uncertainty and weakening consumer demand in the United States. Under Beijing’s new tax rules, wealthy Chinese individuals who used offshore trusts to shelter assets must declare and pay years of back taxes by October 22. The 20% levy […]Continue Reading
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Gucci Introduces China-Made Sneakers, Breaking From Italian Manufacturing Tradition

Gucci has introduced new luxury sneaker models labelled “Made in China”, marking a departure from its traditional Italian manufacturing roots. The move comes as the luxury fashion house seeks to regain market share and attract price-sensitive aspirational shoppers. The development also presents a challenge for creative director Demna, who is tasked with delivering Continue Reading