"Global Legal Guide For Fashion And Luxury Goods Companies" Released

Baker & McKenzie, a British law firm, recently released the "Global Legal Guide for Luxuryand Fashion Companies" for fashion and luxury goods companies to clarify the latest international trend and potential legal issues for the global fashion and luxury industry with a market size of US $254 billion.

The guide covers

The contents of supply chain compliance, international tax, non litigation dispute resolution, digital and online services are also included, including national profiles, details of mergers and acquisitions, employment issues, customs and trade issues.

More than 200 lawyers and economists took part in the research and writing of the guide.

Co chairman of the Department of fashion luxury industry

"The development of online retail and social media comes from the challenges of fast fashion and instant replication, complex employment and tax related laws, which fully demonstrate the urgency of such a guide.

In this era, a very small start-up brand can instantly become an international company and trade with different countries. "

Chen Lejun, another co chairman of the Baker&McKenzie luxury fashion industry, said: "China's surrounding countries have also become strong consumers". Loke-KhoonTan

South Korea is leading the fashion in the field of fashion and cosmetics, Japan's influence continues to export, and the Middle East is increasing. Obviously, the consumption era of this region has arrived.

The guide also focuses on Asian trends: China occupies 35% of the world's luxury market.

The annual sales volume of Taobao and Tmall has exceeded 250 billion US dollars, far exceeding the sum of eBay (16 billion US dollars) and Amazon (75 billion US dollars).