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Songmont

Full company profile

uuid00sbgv9

Namestring
Songmont
Legal namestring
Songmont
Company typeenum
Private
Founded yearint
2012
Descriptiontext

Songmont is a Chinese accessible-luxury handbag and accessories brand founded in 2012 and headquartered in Beijing. The company designs, manufactures, and retails premium leather goods — including handbags and related accessories — with products priced between $119 and $829, positioning the brand in the contemporary accessible-luxury tier. Its assortment emphasizes proprietary craftsmanship techniques and culturally-rooted design language.

The company operates a direct-to-consumer go-to-market model built around an owned Shopify-powered e-commerce site offering multi-language and multi-currency checkout, supplemented by physical retail locations in major Chinese cities (most recently Guangzhou, opened December 8, 2025). Songmont does not appear to rely on wholesale distribution as a primary channel; customer acquisition runs through owned digital properties, Tmall, and offline stores. A formal loyalty program (Joy) supports repeat-customer retention.

Songmont's recent operating signals point to above-market growth: the brand has outpaced Hermès in China's 2025 luxury market reset (21% versus 11.3%) and has overtaken Coach in Tmall share rankings. The organization employs 101–250 staff, consistent with a scaling mid-stage consumer brand. International expansion is in motion via the multi-language DTC site, and a vegan collection and iLuxury Awards 2026 recognition signal both assortment extension and brand validation.

Short descriptiontext

Songmont is a Beijing-based accessible-luxury handbag and accessories brand founded in 2012, selling premium leather goods priced $119–$829 through owned DTC e-commerce, Tmall, and physical retail to Chinese and international consumers.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersBeijing, China
HQ citystring
Beijing
HQ countrystring
China
HQ regionstring
Asia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
handcrafted leather handbags, designer tote bags, luxury leather goods, vegan leather accessories, artisan handbag brand
Industry5 codes
1Luxury Leather Goods & Handbags
CodeCRAKAFABPrimaryYes
2Leather Handbags & Totes
CodeCRAKAEAAPrimaryNo
3Luxury Handbags & Leather Goods
CodeCRAAAFADPrimaryNo
4Small Leather Goods (Wallets, Cardholders, Keyholders)
CodeCRAKAEABPrimaryNo
5Vegan/Alternative Material Goods Manufacturing (PU/Plant-based/Mycelium)
CodeIMAOAHAHPrimaryNo
NAICS code3 codes
  • Luggage and Leather Goods Retailers458320
  • Leather and Allied Product Manufacturing316
  • Other Leather and Allied Product Manufacturing316990
SIC code2 codes
  • Retail-Apparel & Accessory Stores5600
  • Leather & Leather Products3100
Product category
Luxury Handbags & Leather Goods
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Direct Product Sales
TypeOne Time License
Description

One-time purchase revenue from selling handcrafted leather bags, accessories, and small leather goods directly to consumers through owned e-commerce platform. No subscription or recurring revenue model.

songmontofficial.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
Pricing details1 tier
1Single price point per product with no subscription tiers
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Handbags priced $269-$829, crossbody bags $219-$569, totes $479-$749, clutches $399-$459, accessories $35-$170

songmontofficial.com
GTM typeB2C
B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Songmont designs, crafts, and sells premium handcrafted leather handbags, totes, duffles, clutches, and small leather accessories organized into ten named cultural collections (Gather, Yore, Lattice, Luna, Song, Drippy, Shan, Chocolate, Vegan, Reset). Products are made from full-grain vegetable-tanned leather, Nappa leather, Spanish calf leather, and GRS-certified vegan ocean-recycled leather, with designs inspired by Silk Road, Tibetan, Kizil Caves, and ancient Chinese architectural motifs.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Songmont is a Chinese luxury handbag and accessories brand offering a comprehensive portfolio of leather and vegan leather bags across multiple distinct product lines. The core offering consists of nine named collections — Gather (Silk Road-inspired drawstring totes), Yore (Tibetan tiger-motif duffles and hobo bags), Lattice (Kizil Caves-inspired woven bags), Luna (versatile crescent/half-moon handbags), Song (O-frame paper kite-inspired bucket bags), Drippy (Nanchan Temple eave-inspired roof bags), Shan (monks' satchel-inspired briefcases), Chocolate (chocolate-inspired soft bags), and Reset (Oriental Tofu-inspired crossbodies). Each collection is positioned as a premium standalone line with distinct design inspirations, materials (full-grain leather, Nappa, suede, vegan ocean-plastic leather), and aesthetic themes. The brand also organizes its portfolio by bag category type (bucket, tote, crossbody, shoulder, duffle, woven, clutch, east-west) and offers decorative charms and small leather goods as accessories. Vegan leather variants are consolidated under the Vegan Collection, offering sustainable alternatives across the Luna, Song, and Drippy lines. The company operates a direct-to-consumer e-commerce platform powered by Shopify with global shipping.

Product and service1 record
1Gather Collection
Scale indicator3 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Coach (Tapestry) is the most directly comparable peer — an accessible-luxury leather handbag and accessories brand whose price band ($200-$1,000+) directly overlaps Songmont's $269-$829 handbag range. Coach's recent Tmall performance is the specific benchmark Songmont overtook during Double Eleven.

TypeDirect peer
Description

French accessible-luxury handbag brand with a comparable minimalist, design-led DTC model and similar price positioning ($200-$700). Polène operates in the same cultural-narrative-driven, Instagram-native category where Songmont competes.

TypeDirect peer
Description

Edinburgh-based accessible luxury handbag brand with a distinctive proprietary hardware design (the Strathberry bar) and storytelling-led positioning — directly comparable to Songmont's mortise-and-tenon hardware differentiation and cultural-narrative approach.

TypeBroad incumbent
Description

Global luxury leather goods and handbag incumbent whose 11.3% growth Songmont outperformed in the China luxury reset. Operates at a significantly higher price tier with multi-century brand heritage, but anchors the same leather handbag category.

TypeDirect peer
Description

New York-based accessible luxury handbag brand known for vegetable-tanned Italian leather, minimalist bucket and tote silhouettes, and DTC-led international distribution — closely matching Songmont's vegetable-tanned leather positioning and DTC model.

TypeDirect peer
Description

Accessible luxury handbag and lifestyle brand with comparable price band, DTC-plus-retail model, and target customer demographic. Tory Burch competes directly with Songmont in the premium-but-attainable women's handbag segment.

TypeEmerging player
Description

Artisan-focused leather handbag brand known for hand-woven leather construction — directly analogous to Songmont's handwoven Lattice Collection technique. Comparable premium positioning, sustainability messaging, and small-batch craftsmanship orientation.

TypeDirect peer
Description

Capri Holdings-owned accessible luxury handbag and accessories brand with overlapping price band and target demographic. Competes with Songmont for the same fashion-conscious luxury consumer seeking quality leather goods at premium-but-attainable price points.

TypeBroad incumbent
Description

LVMH-owned luxury leather goods house with craft-led, artistic positioning that closely parallels Songmont's cultural-storytelling and artisanal construction approach. Competes at a higher price tier with established international brand equity.

TypeDirect peer
Description

Tapestry-owned accessible luxury handbag and lifestyle brand with similar price positioning ($200-$700 range) and overlap in the women's fashion-handbag category where Songmont is primarily active.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat2 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Songmont

Luxury Handbags & Leather Goodssongmontofficial.com

Songmont is a Beijing-based accessible-luxury handbag and accessories brand founded in 2012, selling premium leather goods priced $119–$829 through owned DTC e-commerce, Tmall, and physical retail to Chinese and international consumers.

What Songmont does

Songmont is a Chinese accessible-luxury handbag and accessories brand founded in 2012 and headquartered in Beijing. The company designs, manufactures, and retails premium leather goods — including handbags and related accessories — with products priced between $119 and $829, positioning the brand in the contemporary accessible-luxury tier. Its assortment emphasizes proprietary craftsmanship techniques and culturally-rooted design language.

The company operates a direct-to-consumer go-to-market model built around an owned Shopify-powered e-commerce site offering multi-language and multi-currency checkout, supplemented by physical retail locations in major Chinese cities (most recently Guangzhou, opened December 8, 2025). Songmont does not appear to rely on wholesale distribution as a primary channel; customer acquisition runs through owned digital properties, Tmall, and offline stores. A formal loyalty program (Joy) supports repeat-customer retention.

Songmont's recent operating signals point to above-market growth: the brand has outpaced Hermès in China's 2025 luxury market reset (21% versus 11.3%) and has overtaken Coach in Tmall share rankings. The organization employs 101–250 staff, consistent with a scaling mid-stage consumer brand. International expansion is in motion via the multi-language DTC site, and a vegan collection and iLuxury Awards 2026 recognition signal both assortment extension and brand validation.

Songmont firmographics

Firmographics
Name
Songmont
Legal name
Songmont
Website
https://songmontofficial.com
Company type
Private
Founded year
2012
Operating status
Operating
Headcount range
101–250 employees
Short description
Songmont is a Beijing-based accessible-luxury handbag and accessories brand founded in 2012, selling premium leather goods priced $119–$829 through owned DTC e-commerce, Tmall, and physical retail to Chinese and international consumers.
Ownership category
akta.pro rank

Songmont industry classification

Industry
Product category
Luxury Handbags & Leather Goods
NAICS
Luggage and Leather Goods Retailers (458320), Leather and Allied Product Manufacturing (316), Other Leather and Allied Product Manufacturing (316990)
SIC
Retail-Apparel & Accessory Stores (5600), Leather & Leather Products (3100)
akta.pro primary industry
Luxury Leather Goods & Handbags (CRAKAFAB)
akta.pro secondary industries
Leather Handbags & Totes (CRAKAEAA), Luxury Handbags & Leather Goods (CRAAAFAD), Small Leather Goods (Wallets, Cardholders, Keyholders) (CRAKAEAB), Vegan/Alternative Material Goods Manufacturing (PU/Plant-based/Mycelium) (IMAOAHAH)

Keywords

  • Handcrafted leather handbags
  • Designer tote bags
  • Luxury leather goods
  • Vegan leather accessories
  • Artisan handbag brand

Where Songmont is headquartered

Location

Headquarters

HQ city
Beijing
HQ country
China
HQ region
Asia

Offices1 record

Markets served

Songmont business model

Business model
GTM type
B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

  1. Direct Product Sales: One-time purchase revenue from selling handcrafted leather bags, accessories, and small leather goods directly to consumers through owned e-commerce platform. No subscription or recurring revenue model.

Pricing tiers

ModelBillingPrice
Unit PricingPay-as-you-goSingle price point per product with no subscription tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Songmont product offering

Product offering

Core offering

Songmont designs, crafts, and sells premium handcrafted leather handbags, totes, duffles, clutches, and small leather accessories organized into ten named cultural collections (Gather, Yore, Lattice, Luna, Song, Drippy, Shan, Chocolate, Vegan, Reset). Products are made from full-grain vegetable-tanned leather, Nappa leather, Spanish calf leather, and GRS-certified vegan ocean-recycled leather, with designs inspired by Silk Road, Tibetan, Kizil Caves, and ancient Chinese architectural motifs.

Product overview

Songmont is a Chinese luxury handbag and accessories brand offering a comprehensive portfolio of leather and vegan leather bags across multiple distinct product lines. The core offering consists of nine named collections — Gather (Silk Road-inspired drawstring totes), Yore (Tibetan tiger-motif duffles and hobo bags), Lattice (Kizil Caves-inspired woven bags), Luna (versatile crescent/half-moon handbags), Song (O-frame paper kite-inspired bucket bags), Drippy (Nanchan Temple eave-inspired roof bags), Shan (monks' satchel-inspired briefcases), Chocolate (chocolate-inspired soft bags), and Reset (Oriental Tofu-inspired crossbodies). Each collection is positioned as a premium standalone line with distinct design inspirations, materials (full-grain leather, Nappa, suede, vegan ocean-plastic leather), and aesthetic themes. The brand also organizes its portfolio by bag category type (bucket, tote, crossbody, shoulder, duffle, woven, clutch, east-west) and offers decorative charms and small leather goods as accessories. Vegan leather variants are consolidated under the Vegan Collection, offering sustainable alternatives across the Luna, Song, and Drippy lines. The company operates a direct-to-consumer e-commerce platform powered by Shopify with global shipping.

Differentiator

Problem solved

Functional benefit

Products and services

  • Gather Collection

Companies that use Songmont

Customer profile

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Songmont technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

Songmont partnerships and signals

Strategic signal

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Songmont competitors and assessment

Company assessment

Direct peers

  • Coach: Coach (Tapestry) is the most directly comparable peer — an accessible-luxury leather handbag and accessories brand whose price band ($200-$1,000+) directly overlaps Songmont's $269-$829 handbag range. Coach's recent Tmall performance is the specific benchmark Songmont overtook during Double Eleven.
  • Polène: French accessible-luxury handbag brand with a comparable minimalist, design-led DTC model and similar price positioning ($200-$700). Polène operates in the same cultural-narrative-driven, Instagram-native category where Songmont competes.
  • Strathberry: Edinburgh-based accessible luxury handbag brand with a distinctive proprietary hardware design (the Strathberry bar) and storytelling-led positioning — directly comparable to Songmont's mortise-and-tenon hardware differentiation and cultural-narrative approach.
  • Mansur Gavriel: New York-based accessible luxury handbag brand known for vegetable-tanned Italian leather, minimalist bucket and tote silhouettes, and DTC-led international distribution — closely matching Songmont's vegetable-tanned leather positioning and DTC model.
  • Tory Burch: Accessible luxury handbag and lifestyle brand with comparable price band, DTC-plus-retail model, and target customer demographic. Tory Burch competes directly with Songmont in the premium-but-attainable women's handbag segment.
  • Michael Kors: Capri Holdings-owned accessible luxury handbag and accessories brand with overlapping price band and target demographic. Competes with Songmont for the same fashion-conscious luxury consumer seeking quality leather goods at premium-but-attainable price points.
  • Kate Spade: Tapestry-owned accessible luxury handbag and lifestyle brand with similar price positioning ($200-$700 range) and overlap in the women's fashion-handbag category where Songmont is primarily active.

Broad incumbents

  • Hermès: Global luxury leather goods and handbag incumbent whose 11.3% growth Songmont outperformed in the China luxury reset. Operates at a significantly higher price tier with multi-century brand heritage, but anchors the same leather handbag category.
  • Loewe: LVMH-owned luxury leather goods house with craft-led, artistic positioning that closely parallels Songmont's cultural-storytelling and artisanal construction approach. Competes at a higher price tier with established international brand equity.

Emerging players

  • Dragon Diffusion: Artisan-focused leather handbag brand known for hand-woven leather construction — directly analogous to Songmont's handwoven Lattice Collection technique. Comparable premium positioning, sustainability messaging, and small-batch craftsmanship orientation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks5 records

Key highlights7 records

Customer concentration

Songmont social profiles

Digital presence

Songmont financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Songmont leadership team

Management profile

Number of profiles

Profiles1 record

Songmont funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Songmont M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Songmont

What does Songmont do?

Songmont designs, crafts, and sells premium handcrafted leather handbags, totes, duffles, clutches, and small leather accessories organized into ten named cultural collections (Gather, Yore, Lattice, Luna, Song, Drippy, Shan, Chocolate, Vegan, Reset). Products are made from full-grain vegetable-tanned leather, Nappa leather, Spanish calf leather, and GRS-certified vegan ocean-recycled leather, with designs inspired by Silk Road, Tibetan, Kizil Caves, and ancient Chinese architectural motifs.

Is Songmont a public or private company?

Songmont is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Songmont founded?

Songmont was founded in 2012. It employs 101 to 250 people.

Where is Songmont based?

Songmont is headquartered in Beijing, China, in the Asia region.

How does Songmont make money?

One revenue line is on record: direct Product Sales.

Who are Songmont's main competitors?

Direct peers on record are Coach, Polène, Strathberry, Mansur Gavriel, Tory Burch, Michael Kors and Kate Spade. Broad incumbents are Hermès and Loewe. Dragon Diffusion is listed as an emerging player.

Does Songmont have an API?

No public API is recorded for Songmont.

What industry is Songmont in?

Songmont's product category is Luxury Handbags & Leather Goods. Its primary akta.pro industry code is CRAKAFAB, Luxury Leather Goods & Handbags, with a secondary code of CRAKAEAA, Leather Handbags & Totes. Its NAICS code is 458320 and its SIC code is 5600.

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Live signals
Nikkei AsiaChina's Songmont, Pane accessory brands shine with thrifty shoppersChinese name-brand goods like Songmont bags and Pane shoes are gaining a following among thrifty shoppers and foreign travelers seeking local souvenirs. The brands are gaining a reputation for quality among consumers.KrASIASoutheast Asia is luxury testbed for China’s big new export driveChinese luxury and premium brands, including Songmont, Chow Tai Fook, and Florasis, are expanding into Southeast Asia to offset declining domestic demand in China by targeting the region's growing affluent consumer base. These companies are leveraging cultural affinity, social media presence, and localized strategies to capture market share in countries such as Thailand, Vietnam, and Singapore. This strategic pivot aims to double overseas profit contributions, which reached 16% in 2025, as international markets become critical for growth.Nikkei AsiaSoutheast Asia is luxury testbed for China's big new export driveChinese luxury brands are using Southeast Asia as a testing ground for international expansion beyond traditional exports like cars and electronics, with companies now targeting the region's affluent consumers with jewelry, watches, and fashion. Songmont, a Chinese handbag brand, opened its first overseas pop-up store at Bangkok's CentralWorld shopping center, while Chow Tai Fook has established a Bangkok location featuring Thailand-exclusive gold jewelry items. This represents a new phase in Chinese branded exports as companies seek growth in Southeast Asian markets amid intensifying competition from Western luxury houses.Channel NewsAsiaIN FOCUS: China mastered manufacturing. Can it now build the world’s next big brands?Chinese domestic brands are rapidly displacing foreign competitors across multiple sectors, with domestic beauty brands now holding nearly 60% of a cosmetics market worth over 1.1 trillion yuan and Chinese EV brands commanding nearly 70% of retail sales as of June 2026. The article examines how companies like bag maker Songmont, toymaker Pop Mart, and beauty brand Florasis are leveraging design, innovation, and cultural resonance to build global brands after decades of manufacturing for overseas labels. Beijing's Ministry of Commerce has also unveiled measures to cultivate internationally competitive retail enterprises by 2030, though analysts note challenges including the 'Made in China' stigma and geopolitical tensions in Western markets.The Times of IndiaThe Rise of 'Chuhai': How Chinese Brands are Transforming Global Marketing at Cannes Lions 2026, ETBrandEquityAt Cannes Lions 2026, Siew Ting Foo, CEO of Soul for Profit Advisory, argued that China has evolved from a replication economy to a brand-building powerhouse, with Chinese brands now exporting meaning rather than just excess inventory. The article outlines four strategic models for Chinese outbound brands—Value Velocity, Innovation Export, Local Resonance, and Chuhai with Soul—citing successful examples including Xiaomi's EV ecosystem, Miniso's experiential retail model with 26% FY25 revenue growth, ANTA's sports marketing approach, and PopMart's character-driven brand Labubu achieving 185% revenue growth. The piece also highlights emerging premium Chinese brands like Songmont, Chagee, and To Summer that are applying deeper cultural and emotional resonance strategies to compete globally.Manofmany5 Luxury Chinese Fashion and Lifestyle Brands Shaping the FutureFive Chinese luxury brands—Pop Mart, Songmont, NIO, SANKUANZ, and Shang Xia—are profiled for their quality and market position. Pop Mart's 2025 revenue reached about 37 billion yuan, while LVMH CEO Bernard Arnault visited Shanghai to buy Songmont bags, signaling potential investment.The Business TimesUS$140,000 EVs and heritage gold: The rise of China’s homegrown luxury marketChinese consumers are increasingly shifting toward domestic luxury brands across automobiles, jewellery, handbags and hospitality, with the Maextro S800 (co-built by Huawei and JAC Motors at US$140,000) becoming China’s best-selling luxury car, Laopu Gold tripling its revenue last year, and handbag brand Songmont overtaking Coach on Tmall during last year’s Double Eleven shopping festival. Western luxury giants are bearing the brunt of this shift, with Richemont reporting a 23% sales decline in China and Porsche planning to close nearly half its dealerships in the country by year-end. The trend is underpinned by competitive pricing, cutting-edge technology, and a growing sense of cultural pride that is reshaping consumer preferences away from European brands.Travel And Tour WorldGlobal iLuxury Awards 2026 Reveal Season 1 Winners Setting New Benchmarks for Worldwide Luxury Innovation: What You Need to KnowThe 2026 iLuxury Awards has announced its Season 1 winners, recognizing excellence across luxury brands, products, services, and design from entries submitted by participants in more than 20 countries. Winners include Kimpton Ashbel New York-Park Avenue, W Premium Group, JJP Architects & Planners, TRD DESIGN, Songmont, and Hon Hai Precision Industry, selected based on criteria including craftsmanship, brand enrichment, experience innovation, and concept relevance. The International Awards Associate, which organizes the awards now in its sixth year, has opened submissions for Season 2 with key deadlines in June and September 2026.EIN Presswire2026 iLuxury Awards Announces Global Winners for Season 1, Marking Sixth Year of Luxury ExcellenceThe 2026 iLuxury Awards announced Season 1 winners, recognizing luxury brands, designs, products, and services from over 20 countries. The sixth-year competition featured entries from brands like Kimpton Ashbel and W Premium Group. Season 2 entries are now open with an early-bird deadline of June 25, 2026.WWDChina’s Policy Shift Drives Global Shoppers to Local BrandsChina's Ministry of Commerce extended the tax refund deadline to 28 days and lowered minimum spend to 200 renminbi, boosting inbound tourism. Tax refund sales doubled and refund stores quadrupled to 13,000 in 2025. Local brands like Pane and Songmont are gaining popularity among foreign shoppers.