Friday, November 22

Tag: EL

Chinese Tourists Are Back. They Just Aren’t Shopping Like Before.
17Dec By adminNo Comments
World

Chinese Tourists Are Back. They Just Aren’t Shopping Like Before.

Dec. 16, 2023 11:00 pm ETHONG KONG—The retail world used to cater to Chinese tourists. Luxury shops opened wherever they went, and Parisian department stores hired Mandarin speakers. Mom-and-pop stores in Hong Kong were replaced by vendors offering products Chinese tourists demanded, such as milk powder and medicines.   Now, after being grounded for three years during the pandemic, Chinese travelers are taking to the skies again. But they don’t look or spend the same.   Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Estée Lauder Family Built a Beauty Empire. A Succession Rift Threatens It
17Nov By adminNo Comments
World

The Estée Lauder Family Built a Beauty Empire. A Succession Rift Threatens It

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/retail/the-estee-lauder-family-built-a-beauty-empire-a-succession-rift-threatens-it-2eb2515f
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Big Western Brands Are Getting Squeezed by Chinese Belt-Tightening
5Nov By adminNo Comments
World

Big Western Brands Are Getting Squeezed by Chinese Belt-Tightening

Updated Nov. 5, 2023 12:01 am ETHONG KONG—Leading Western brands in China are feeling the pinch from the country’s consumer slump.From luxury cosmetics firm Estée Lauder to apparel maker Canada Goose and iPhone seller Apple, companies are reporting weak results, with some saying customers aren’t reopening their wallets almost a year after Covid-related isolation ended.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Visa, Mastercard Want a Slice of Africa’s Mobile Money
19Oct By adminNo Comments
Money

Visa, Mastercard Want a Slice of Africa’s Mobile Money

Updated Oct. 19, 2023 12:01 am ETListen to article(2 minutes)JOHANNESBURG—African fintech companies have found creative ways to help the continent’s consumers spend their money. Traditional payments companies want in.Global payment giants, including Mastercard and Visa, are pouring billions of dollars into African companies that have powered a sharp expansion in e-commerce on the continent. Recent deals have focused on mobile-money operators, which allow users to send funds using simple cellphones, and platforms that facilitate such payments for merchants such as Uber Technologies, Netflix or Estée Lauder without relying on credit cards or bank accounts.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Visa, Mastercard Want a Slice of Africa’s Mobile Money
19Oct By adminNo Comments
Money

Visa, Mastercard Want a Slice of Africa’s Mobile Money

Oct. 18, 2023 11:00 pm ETListen to article(2 minutes)JOHANNESBURG—African fintech companies have found creative ways to help the continent’s consumers spend their money. Traditional payments companies want in.Global payment giants, including Mastercard and Visa, are pouring billions of dollars into African companies that have powered a sharp expansion in e-commerce on the continent. Recent deals have focused on mobile-money operators, which allow users to send funds using simple cellphones, and platforms that facilitate such payments for merchants such as Uber Technologies, Netflix or Estée Lauder without relying on credit cards or bank accounts.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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