Boost for Chinese fashion brands
Shoppers looking at clothing and accessories at a Chloe shop in Shanghai. Chloe, the French fashion label owned by Cie Financiere Richemont SA, aims to add four stores in China this year in competition with its business rivals to win the trust of Chinese consumers, said Chief Executive Officer Geoffroy De La Bourdonnaye. Qilai Shen / Bloomberg |
BEIJING - Bustling Xidan Street in downtown Beijing is home to dozens of clothing stores, featuring both foreign and domestic labels.
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