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The article features Bernard Arnault, chairman and chief executive officer of LVMH Moët Hennessy Louis Vuitton SE. Topics discussed include his net worth as of mid-June 2024, his reputation as a bully and an aggressive warrior-capitalist, and his typical daily working schedule. Also mentioned are remarks by his former employees as well as outsiders who have worked with him.

The article reports on the social impacts of the coronavirus pandemic in China, particularly the strict lockdowns and other strategies imposed by the government to prevent the spread of the virus. Also cited are the number of deaths due to the pandemic, how the suffering of the Chinese citizens has affected their faith in President XI Jinping, and the claim by Freedom House's Sarah Cook that the government's downplaying of the severity of the crisis resulted in the loss of public trust.

China Tourism Group Corp. is exploring a potential deal to acquire control of Haichang Ocean Park Holdings Ltd.'s iconic theme parks in China. The state-backed tourism company is considering various options, including purchasing a stake in Haichang, making a take-private offer, or acquiring individual theme parks. While Haichang has seen increased visitor numbers, per-trip spending has decreased, leading to net losses since the pandemic. Haichang operates seven theme parks in China, including one in Shanghai that competes with Disneyland, and is planning to expand overseas with a theme park in Saudi Arabia by 2030. [Extracted from the article]

LVMH, the luxury goods conglomerate, experienced a 5% decline in sales of fashion and leather goods in the third quarter, primarily due to a drop in demand from Chinese consumers. The company's overall sales slid by 3%, with disappointing performances in various regions including China, Japan, the US, and Europe. Despite efforts by Chinese authorities to stimulate consumer sentiment, luxury consumption in China remains subdued, leading to challenges for high-end brands like Louis Vuitton and Christian Dior. [Extracted from the article]

The article reports on updates on the trade relations between U.S. and Chinese companies amidst the growing tension in U.S.-China relations. Also cited are the challenges facing U.S. firms like Actively Black Inc. in sourcing products from China due to factors like higher tariff, and the solid trade performance between the two countries despite their worsening relationships.

Nike is making a comeback in China by focusing on the Jordan brand. The company is opening a 1,000-square meter store in Beijing dedicated to Michael Jordan, hoping to tap into the loyalty of Chinese consumers who grew up during Jordan's era. Nike's sales in China have been affected by rising consumer nationalism and competition from local brands, but the Jordan brand has remained resilient. The store in Beijing will serve as a laboratory for Nike to observe customer behavior and gather data. Nike is also looking to expand the Jordan brand beyond basketball and into other sports like golf. [Extracted from the article]

The article focuses on the environmental, social and governance issues facing Chinese fast-fashion giant Shein. Topics discussed include the company's business model, the growth of the company in 2021, the company's plan to issue an initial public offering in the U.S. as part of the company's strategy to change its image, criticisms of the fast fashion industry, and the accusations of copyright theft facing the company.

The article examines the company and product strategy of clothing brand Uniqlo, owned by Fast Retailing Co., that contributed to its success in China amid political tensions with liberal nations. Factors that differentiate Uniqlo from other brands are discussed including focus on functional garments and attention to detail, emphasis on affordable basics rather than trendy fashions, neutrality over concerns about forced labor and human rights violations in China, and philanthropic contributions.

The article reports on the case of alleged fraud by the Chinese company Luckin Coffee Inc. It mentions the founding of the company by Lu Zhengyao to sell coffee cheaply through an app, Lu's efforts at obtaining financing to expand the business, and the discovery of possible fraud through over-reporting of sales.

The article reports on the move by Chinese merchants to shift to the electronic commerce (e-commerce) platform of Walmart Inc. after they were banned from Amazon.com Inc. platform in April 2021 for faking customer reviews. Also cited are the strategies used by Walmart to authenticate reviews and detect fake ones, and the other options that Chinese sellers can use like Newegg Commerce Inc.'s fulfillment services and AliExpress.

The article reports on the market performance of American plant-based meat substitute producer Beyond Meat Inc. in China. Topics discussed include the market strategies launched by the firm after entering China in 2020, the business challenges faced by the firm in the region during the coronavirus disease 2019 (COVID-19) pandemic, and the recorded decline in the share price of the company in 2023.

The article raises the concern of online clothing retailer Shein over social media influencer backlash over alleged forced labor, low pay and working conditions and its threat to the company's initial public offering (IPO). It discusses the rise in attack on Shein along with the tension in U.S.-China relations. It state Shein's zero tolerance for forced labor and implementation of a system to support compliance with the Uyghur Forced Labor Prevention Act (UFLPA).

The article focuses on the over 50,000 Chinese merchants who have been banned from the electronic (e-)commerce platform Amazon.com Inc.'s program Fulfillment by Amazon (FBA) due to fake reviews and rating schemes as of August 2021.

The article looks at the business conditions for the retail industry and shopping malls in China in the context of the COVID-19 pandemic. It says that restaurants are important tenants in many shopping malls, and that with major reductions in their business, restaurants and other shopping mall tenants are seeking reductions in their rent. The rapid growth in the number of shopping malls in the country in the decade following 2009 is noted.

The article presents a profile of the Chinese conglomerate HNA Group Co. It mentions the expansion of the company through corporate acquisitions, the use of business loans to finance such purchases, and the extremely high level of debt that could not be sustained.

The article reports on the Chinese casino management company Imperial Pacific and the casino it runs on Saipan in the Northern Mariana Islands. It mentions the actions of Saipan governor Ralph Deleon Guerrero Torres in allowing Imperial Pacific to build the casino, the issue of foreign workers brought in to work on the casino, and the alleged improprieties involving the participation of U.S. citizens in the actions of the casino.

(Bloomberg Businessweek) -- Beyond Meat Inc. entered China in 2020 with a bang. The company marked its arrival in China in April 2020 by rolling out in Starbucks restaurants three new items containing Beyond's faux ground beef product - a beef pesto pasta, beef wrap and lasagna. [Extracted from the article]

But the Kenyan factories took too long to source fabrics, and Ethiopia lost its duty-free status with the US in 2022 because of human-rights violations during the country's civil war, so Haggar stopped producing in both countries. (Bloomberg Businessweek) -- When Lanny Smith founded Actively Black Inc. in 2020, he hired factories in China to produce the brand's athletic wear. [Extracted from the article]

The article reports on the efforts of the clothing industry to develop a more environmentally friendly manufacturing process. It mentions the work of Spanish company Inditex and Swedish company H & M to incorporate more recycled materials in clothing, create more sustainable clothing, and create recycling technologies to reuse discarded clothing.

The article reports on the efforts of Italian coffee company Luigi Lavazza to enter the Chinese market. It mentions the growth of coffee shops in China, particularly by Starbucks, the advantages of Lavazza's joint venture with Yum China Holdings Inc., and what Lavazza will have to do to compete with Starbucks.