Five Things Friday APAC: Shanghai Fashion Week, India’s Beauty Boom & Holiday Optimism in Australia

Welcome to Five Things Friday APAC Edition (yes, on a Monday this time!). In this episode, we unpack the big signals shaping retail and consumer markets across the region and beyond.

Here’s what we cover:

Shanghai Fashion Week SS26 – momentum, buying power, and why global buyers are watching China again.

India’s luxury beauty boom – $800M today, $4B by 2035, and why retailers are planting seeds now.

Recession Glam – consumers trading down but still splurging smartly in beauty and fashion.

Retail realignment – how APAC and Europe may be drawing closer in strategy and trade.

Australia’s retail optimism – Deloitte’s 2025 holiday report shows green shoots of growth.

🔗 References and further reading:

Vogue Business on Shanghai Fashion Week

Reuters on India’s luxury beauty surge

Deloitte Holiday Retail Report 2025

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