One of China’s major shopping sales, Singles Day on November 11, lived up to expectations by breaking the last year’s sales records. Singles Day or also known as Double 11 Global Shopping Festival, is a major Chinese shopping holiday which was first established to celebrate single people, in opposition to Valentine’s Day. Sales each year... Read more
Dear Clients, We have been working through the advice and guidelines from the Federal and State Governments on managing the spread of Coronavirus (COVID-19). All Fox & Lillie Rural stores are open for business, and we will endeavour to remain that way until further Government advice or industry issues which may impact our continued operation.... Read more
The Australian wool sales have been cancelled for week 35 due to an unprecedented malicious cyber-attack on the Australian wool industry’s main software program, Talman, which was held to ransom. This has caused major disruption to the industry, affecting not only the auction buying system, but the exporter and broker systems as well. Talman are... Read more
As winter approaches areas in the Northern Hemisphere, consumer minds turn naturally towards cosy knitwear and after a long summer of climate-crisis headlines, shopping sustainably is becoming even more important. The longevity of wool makes it one of the most environmentally-friendly natural fibres around. As a natural and biodegradable fibre, some knits can even have... Read more
The price of wool is falling steeply as China’s textile industry feels the fallout from the trade war with the United States, and European economies weaken. with industry leaders bracing for worse to come. Australian wool prices are back to 2016 levels with growers withdrawing bales from auctions after more price falls last week linked... Read more
HSBC have successfully completed a cross-border blockchain transaction between Fox & Lillie and a Chinese importer, in a milestone which brings the digitisation of trade another step closer to commercial reality. The live transaction, completed in late March 2019, involved Fox & Lillie, a wool exporter and a client of HSBC Australia, sending a shipment... Read more
The S&P Global Luxury Index which tracks 80 of the world’s largest publicly traded companies engaged in the production or distribution of luxury goods or services is sitting at an all-time high at 2844.89. The rise is driven by the surge of big spending Chinese shoppers “who are splurging at home, during trips to Europe... Read more
