Vietnam’s Largest Listed Jeweller Forecasts Loss After Diamond Scandal
PNJ also plans to slash its revenue target. Losses in 2026 are expected as a result of a huge provision for customer buybacks following a smuggling scandal.
Global Markets
A guide to unlocking opportunity in emerging and frontier fashion markets.
Worldview | India’s Textile Sector Struggles With Waste Management
This week’s round-up of global markets fashion business news also features Turkey’s EU Green Deal and Indonesia’s thrift boom.
The Unlikely Rise and Uncertain Future of Lockheed Martin Streetwear
A vanguard of licensees cashing in on a South Korean appetite for fashion with American IP is adapting to the geopolitical tensions and shifting consumer preferences that have caused predecessors like National Geographic and Kodak to stumble.
Worldview | Kering’s Bet on Chinese Gold Jewellery
This week’s round-up of global markets fashion business news also features India’s strategic footwear expansion and Fashion Asia Hong Kong’s latest edition.
Worldview | Egypt Flexes Its Design Muscle
This week’s round-up of global markets fashion business news also features China’s q-commerce market, Turkish textiles in Tunisia and Coupang’s massive data breach in South Korea.
How Reliance Retail Rules the Indian Fashion Market
Although it is just one arm of the Ambani family’s $225 billion oil-to-telecoms empire, Reliance has become India’s largest retailer by offering everything from low-cost essentials to luxury goods from Armani to Zegna across multiple formats.
Worldview | Indian Textile Exporters Seek Relief as US Tariffs Bite
This week’s round-up of global markets fashion business news also features Harrods’ China retreat, Mauritian garment factories and Ghana’s kente cloth.
Trump’s Tariffs Have Already Rewired the Global Fashion Industry
Brands and their suppliers have been forced to rapidly adjust to the new US duties, with the ripple effects set to continue into next year, according to the BoF-McKinsey State of Fashion 2026.
Fashion Trust Arabia Names Prize Winners in Qatar
Designers from Morocco, Saudi Arabia and Bahrain were among those to receive a financial grant of between $100,000 and $200,000 at the Doha ceremony.
Worldview | Japanese Retailers Hit by China Travel Warning
This week’s round-up of global markets fashion business news also features Indian jewellery exports, Nigerian e-tailer Jumia and Brazilian fashion giant Azzas 2154.
The Bank Investing Millions in Africa’s Fashion Industry
Cairo-based Afreximbank is funding projects across the continent, from textile and garment manufacturing facilities in Benin and Nigeria to export programmes for designer brands from Kenya, Ghana and beyond.
Worldview | Why China’s Singles’ Day Sales Lasted Longer Than Ever
This week’s round-up of global markets fashion business news also features Galeries Lafayette in India, Peruvian vicuna and Lagos Fashion Week’s prize win.
How Diriyah Company Is Building a New Luxury Ecosystem in Saudi Arabia
The $63.2 billion Diriyah Project, built around the UNESCO World Heritage Site of At-Turaif, is set to become Saudi Arabia’s premier lifestyle destination. Designed to meet the aspirations of the evolving Saudi consumer and the needs of a growing tourism market, BoF sits down with Diriyah Company’s chief business development officer, Alfie Gibbs, to learn more.
THE NEWS IN BRIEF
Chanel Plans to Keep Investing in China Despite Demand Downturn
CEO Leena Nair pointed to the brand’s recent renovation of its Plaza 66 boutique in Shanghai, calling China ‘a market where the clients understand sophistication, refinement.’
Fashion Empire Azzas 2154 to Split Two Years After Failed Merger
Both companies that previously comprised one of Brazil’s largest apparel exporters will retain a stake in Farm Rio after separating.
Indian Fashion Retailer Purple Style Labs Plans IPO
The Bollywood star-backed company behind multi-brand retailer Pernia’s Pop-Up Shop will launch its share sale next week as it taps demand for luxury wedding and occasion wear.
Trump Picks White House Ally Overton to Lead Embattled FDA
The US president chose an ally to steady an agency shaken by staff losses, low morale and fights over vaccines and drug approvals.
Russian E-Tailer Wildberries Hit by Wave of Ukrainian Drone Strikes
The e-commerce giant has seen at least 20 warehouses attacked since mid-July as Kyiv steps up strikes inside Russia and Moscow intensifies its bombardment of Ukraine, more than four years into its full-scale invasion.
Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.