一觉醒来订单没了，工厂停了，账上还得倒贴几千万，这日子谁能扛得住？ 印度制造业刚燃起的一点希望，硬是被美国的关税大棒砸得稀碎。 2025年8月， 美国对印度商品加征的50%惩罚性关税正式生效，印度对美出口的拳头产品——成衣、虾类、宝石珠宝首当其冲。 泰米尔纳德邦的厂商们眼睁睁看着1500 亿卢比的大订单蒸发，全邦每天损失近6亿卢比，地方首席部长急得直接给莫迪写信，语气近乎哀求。 蒂鲁普尔市是印度南部的成衣制造中心，这里庞大的工厂和小型作坊网络雇佣了超过60万人。 关税生效后，成千上万的裁布工、剪线工和缝纫机操作员突 然失业了。 32岁的检验员萨诺伊·库马尔在关税生效后被告知"工厂里没有工作了"。 产量全面下降了25%，仍在生产的工人工作时间和工资也被大幅削减， 美国买家甚至开始要求高达20%的折扣以抵消关税成本。 印度的海产品出口同样遭遇重创。 美国是印度海产品出口的最大市场，占其海产品出口总额的三分之一。 2025年9月，印度海产品出口同比下降了30%至 35%，最大虾产区安得拉邦的多家加工厂被迫停工。 一位印度海产公司的总监表示，过去向美国出口的代理商需求已经枯竭，美国大型买家正在减少从印 度的采购量。 ...

土耳其纺织业当前正面临明显调整压力，业内人士表示，在外部需求走弱、生产成本上升等因素叠加 影响下，该行业正在经历至少20年来最明显的一轮下行周期。 纺织业是土耳其制造业和出口体系的重要支柱。数据显示，今年以来，该国已有300多家纺织和成衣企 业申请破产保护，过去两年间相关行业就业岗位减少超过30万个。业内普遍认为，本轮调整已超出短 期周期波动范畴，呈现出较为明显的结构性特征。 产出放缓买家减少传统市场持续承压 据土耳其媒体报道，在伊斯坦布尔、代尼兹利、布尔萨、加济安泰普和卡赫拉曼马拉什等主要纺织产 业集中地区，不少工厂目前已停产或将开工率降至正常水平的30%至40%。作为行业重要支撑的出口表 现持续承压，欧洲市场需求疲软叠加原材料和能源成本上升，对企业经营形成制约。 官方数据显示，截至今年11月，土耳其纺织品出口额约为86亿美元，成衣出口额约为155亿美元，合计 241亿美元，虽然仍位居该国主要出口行业之列，但与2022年同期315.6亿美元的历史高点相比，出口 规模下降约23.6%。 业内人士指出，来自亚洲国家的竞争加剧是行业承压的重要原因。孟加拉国和越南等生产国凭借较低 的劳动力和能源成本，在国际市场上表 ...

Core Insights - Beijing's consumer enthusiasm is rising as year-end approaches, with multiple new commercial landmarks opening to attract shoppers [1] Group 1: New Commercial Developments - The Louis Vuitton House opened in Beijing's Sanlitun Taikoo Li, designed by renowned architect Jun Aoki, featuring a four-story retail space with a restaurant [2] - Sanlitun Taikoo Li has seen significant upgrades with the introduction of high-end luxury stores like Tiffany, Dior, and Louis Vuitton, along with various dining options [3] - The Zhongguancun ART PARK Dazhongcheng East District opened recently, featuring over 60 new stores, including 11 first stores in Beijing, enhancing the area's brand offerings [4][5] Group 2: Diverse Offerings and Experiences - Zhongguancun ART PARK Dazhongcheng incorporates high-end dining and lifestyle supermarkets, along with immersive art installations and events to enhance consumer experience [5] - The Bay Area project combines multiple business formats, including hotels and contemporary art centers, aiming to attract visitors from nearby Universal Studios [6] - The Bay Area features several first stores and flagship locations, enhancing its appeal to consumers and diversifying the shopping experience [6] Group 3: Market Trends and Strategies - Beijing's commercial landscape is evolving with a focus on differentiation, as highlighted by the introduction of over 5,000 first stores since 2019 [7] - Since 2021, over 5 million square meters of new commercial space has been added, with policies supporting the transition from single-function to multi-experience spaces [8] - The concentration of new openings before the holiday season is a strategic move to boost foot traffic and brand visibility, showcasing the city's upgraded commercial landmarks [8]

2025年12月19日，红杉中国宣布将收购全球新锐时尚领导品牌Golden Goose集团（Golden Goose Group S.p.A．）的控股股权，淡马锡及其全资持有的资产管理公司淡明资本旗下基金将作为少数股东共同参 投。原股东 Permira仍将保留少数股权，继续支持集团未来发展。此轮投资后，红杉中国将帮助Golden Goose继续传承意大利匠心品牌基因，并且进一步加速其全球扩张。 Golden Goose是一家融合奢华格调、生活美学与运动风格的全球新锐时尚品牌。自2020年以来，集团营 收从2.66亿欧元增长至2024财年的6.55亿欧元，业绩持续盈利，且维持稳健、强劲的增长势头。近年 来，Golden Goose大力推进直营零售（DTC）渠道布局，推出Forward Store概念店，丰富产品矩阵，并 在共创（Co-Creation）体验项目上持续投入，与全球消费者建立更深的情感联结。2019年以来，Golden Goose全球直营门店数量从97家增长至227家，且2025年的前9个月，得益于直营渠道21%的增长以及门 店网络的持续扩张，集团在全球各区域均实现两位数增长，营收同比增长13%。 ...

2025年12月19日（欧洲时间），红杉中国宣布将收购全球新锐时尚领导品牌Golden Goose集团（Golden Goose Group S.p.A.）的控股股权，淡马锡及其全资持有的 资产管理公司淡明资本旗下基金将作为少数股东共同参投。原股东Permira仍将保留少数股权，继续支持集团未来发展。此轮投资后， 红杉中国将帮助Golden Goose继续传承意大利匠心品牌基因，并且进一步加速其全球扩张 。 Golden Goose是一家融合奢华格调、生活美学与运动风格的全球新锐 时尚品牌 。自2020年以来，集团营收从2.66亿欧元增长至2024财年的6.55亿欧元，业绩持续盈 利，且维持稳健、强劲的增长势头。近年来，Golden Goose大力推进直营零售（DTC）渠道布局，推出Forward Store概念店，丰富产品矩阵，并在共创（Co- Creation）体验项目上持续投入，与全球消费者建立更深的情感联结。2019年以来，Golden Goose全球直营门店数量从97家增长至227家，且2025年的前9个月，得 益于直营渠道21%的增长以及门店网络的持续扩张，集团在全球各区域均实现两位数增长，营收同 ...

北京商报讯（记者 刘卓澜）12月19日，路易威登之家于北京三里屯太古里启幕。北京商报记者在现场看到，路易威登零售内容主要分布于四层空间内，涵 盖男士和女士皮具、成衣、鞋履、珠宝、腕表、香氛、美妆及配饰等。值得关注的是，该门店引入了Le Café Louis Vuitton餐厅，提供午餐、下午茶及晚餐体 验。 据介绍，路易威登之家由著名建筑师青木淳设计，他曾负责多家路易威登专卖店的设计工作。针对北京门店的外立面设计，青木淳的设计灵感汲取中国传统 园林造景的典型元素，运用于立面，从而打造出精工玻璃幕墙。同时，建筑立面被构想为一件优雅、透光而若隐若现的服饰，从而形成光影与动感的交织。 ...

Group 1: Company Overview - Anhui Kairun Co., Ltd. specializes in OEM manufacturing and brand operation, offering products such as soft bags, luggage, clothing, and fabrics [1][2]. Group 2: Acquisition and Integration - Following the acquisition of Shanghai Jiale, the company has enhanced operational efficiency, with Shanghai Jiale achieving a revenue of 6.85 million yuan and a net profit of 34.75 million yuan in the first half of 2025, reflecting a net profit margin of 5.08%, an increase of 1.79 percentage points year-on-year [2]. - The acquisition strategy focuses on expanding customer categories and product lines, enhancing the synergy between luggage and clothing manufacturing, and providing high-quality services to global top brands [2]. Group 3: Future Development Plans - The company aims to become a respected world-class innovative consumer goods company, focusing on high-quality customer strategies and expanding production capacity in the garment and auxiliary materials manufacturing sectors [3]. - Plans include improving digitalization and intelligence levels, deepening global production layout, and establishing advanced international manufacturing plants [3]. - The brand operation strategy emphasizes market trend monitoring, innovative product design, and enhancing product competitiveness, with a focus on exploring brand expansion into international markets [3].

Core Viewpoint - The Kazakh government has approved an investment agreement for the establishment of a complete cotton production and garment manufacturing industry cluster in Turkestan region, aiming to enhance agricultural development and introduce advanced agricultural technologies [1] Group 1: Project Overview - The project will create the largest cotton growing and processing complex in Central Asia, covering 60,000 hectares of irrigated farmland, generating over 1,400 long-term jobs and more than 300 seasonal jobs [1] - The investment from China Xinjiang Lihua Group exceeds 58 billion tenge for the first phase, with total foreign investment expected to surpass 200 billion tenge [1] Group 2: Technological Advancements - The project will introduce several previously unused technologies in Kazakhstan, including 196 efficient drip irrigation pump stations, over 500 kilometers of water distribution channels, and integrated fertilizer application systems [1] - The complex will also feature polyethylene recycling lines for drip tape and hose production, significantly reducing import dependency and achieving a closed-loop production from raw cotton to finished garments [1] Group 3: Agricultural Impact - The project is expected to significantly increase the domestic deep processing ratio and expand the production of high-value-added textiles, strengthening the local textile industry and enhancing export potential [2] - Turkestan region has traditionally been a major cotton-producing area in Kazakhstan, with cotton fields accounting for 15.9% of the region's arable land [2] - By 2025, the cotton planting area is projected to reach 144,500 hectares, with an expected total raw cotton output of 428,000 tons, achieving the highest yield in nearly 18 years due to the widespread adoption of water-saving technologies and high-quality varieties [2]

2014年，在共建"一带一路"倡议推动下， 中国-塔吉克斯坦合作项目丹加拉农业纺织产业园应运而生。 带着用中国技术助力当地多产棉、产好棉的心愿， 来自中国的纺织人在这片异国土地上， 十余年如一日，书写了别样的奋斗篇章。 这是在塔吉克斯坦哈特隆州丹加拉区拍摄的中塔合作项目丹加拉农业纺织产业园（无人机照片）。 一名中方员工在中塔合作项目丹加拉农业纺织产业园的纺纱二车间工作。 塔方员工古夫龙在中塔合作项目丹加拉农业纺织产业园的针织车间工作。 在中塔合作项目丹加拉农业纺织产业园的针织车间，中方员工指导塔方员工古夫龙（右）工作。 这里的生产车间敞亮整洁，不少纺织器械都是中国制造。工人们专心致志地进行各项工作，其中女员工占据相当比例。当地女性以前大多是家 庭妇女，在家照顾孩子或做一些食品去集市出售。 塔方员工在中塔合作项目丹加拉农业纺织产业园的印染车间工作。 塔方员工在中塔合作项目丹加拉农业纺织产业园的印染车间工作。 一名塔方员工在中塔合作项目丹加拉农业纺织产业园的纺纱二车间工作。 产业园依托中国科学成熟的棉花种植管理技术，发挥中塔产能互补优势，建立了囊括棉花种植、皮棉加工、纺纱、织布、印染、成衣的全产业 链示范园区，完 ...

Core Insights - The acquisition of Versace by Prada marks a significant turning point for both brands, with the deal valued at €1.25 billion (approximately ¥10.278 billion), representing Prada's largest acquisition in its 112-year history [1][6]. Group 1: Versace's Historical Context - Founded by Gianni Versace in 1978, the brand became a major player in the fashion industry, achieving over $1 billion in annual revenue by 1990 and gaining recognition alongside Italian fashion giants like Armani and Gucci [3]. - The brand faced a major setback with the assassination of its founder in 1997, leading to a decline in its market position despite efforts by his sister Donatella to revitalize the brand [3][4]. - Versace's financial struggles continued, with revenues dropping from over $1.1 billion to below $830 million by the fiscal year 2025, prompting the need for a sale [3][4]. Group 2: Acquisition Details - The acquisition process began when Capri Holdings, the parent company of Versace, sought to sell the brand to alleviate financial pressures, initially considering a sale to Tapestry, Inc. for $8.5 billion, which ultimately fell through [5][6]. - Following this, Prada expressed interest in acquiring Versace, culminating in the announcement of the €1.25 billion deal on December 2 [1][6]. - This acquisition is part of Prada's strategy to diversify its brand portfolio, with expectations that Versace will contribute approximately 13% to the group's projected revenue, while Prada and Miu Miu are expected to account for 64% and 22%, respectively [7]. Group 3: Future Outlook - Prada has secured a €1.5 billion financing agreement to support the acquisition and has stated that it will focus on integrating Versace into its operations for at least the next three years [7]. - The appointment of Lorenzo Bertelli as the executive chairman of Versace indicates a commitment to leveraging the brand's unique aesthetic to enhance Prada's overall brand synergy and growth potential [7].