Harper’s Bazaar to Launch Philippine Edition
Hearst Magazines International is partnering with Philippine media group AGC Power Holdings to launch the fashion title in November 2027.

This week’s round-up of global markets fashion business news also features Turkish high-street giant LC Waikiki, investment in India’s Pilgrim and the impact of the US-China trade war on factories in Bangladesh and Honduras.

From April 10-11, BoF will bring together top business and creative leaders to examine the business opportunities for fashion, beauty and luxury brands in the Middle East, Central and South Asia, Southeast Asia, Africa and Latin America.

This week’s round-up of global markets fashion business news also features Prada’s disgraced Korean brand ambassador, US-China textile trade tensions and Indian designers’ Ramadan controversy.

India’s most idolised sportsmen have the potential to be powerful marketing vehicles for global fashion brands but only if partnerships don’t distract players from the game or cast them as elitist figures in the eyes of their diverse fanbase.

Faced with US tariffs and slowing luxury spend, Canadian retailers are seeking opportunities to connect with local shoppers through broader assortments and in-person experiences.

Economists raised the likelihood of a recession in the US, Canada and Mexico this week as Trump’s tariffs rattled global markets, exposing the fashion industry to uncertainty and possible deceleration.

This week’s round-up of global markets fashion business news also features powerful Panamanian distributors, Mexico’s department store giant and the impact of China’s retaliatory tariffs on US cotton.

More Indians are travelling to international destinations to shop for luxury than ever before, but experts say most brands are not doing enough to entice them or cater to their needs at retail hotspots.

This week’s round-up of global markets fashion business news also features luxury’s Ramadan push, investment in Kenyan retailer Goodlife and China’s ban on Korean beauty products.

The global fashion industry is seeking to diversify trade and manufacturing hubs amid geopolitical tensions and cost challenges, placing an emphasis on trade fairs like Istanbul Fashion Connection and Türkiye’s role as a strategic sourcing hub. BoF attended IFCO this February to learn more about the Turkish offering across the fashion value chain in 2025.

This week’s round-up of global markets fashion business news also features Dafiti’s exit from Chile, Vietnamese factories and Saudi Arabia’s move to recycle pilgrims’ clothing.

Global brands have traditionally prioritised multi-brand stores in South Africa, Nigeria and Morocco to gain a foothold on the continent. Now, some are looking further afield to boutiques in Kenya, Angola and Egypt.
Hearst Magazines International is partnering with Philippine media group AGC Power Holdings to launch the fashion title in November 2027.
The $150 million plant is the Danish jewellers first outside of Thailand, part of a bid to diversify its manufacturing footprint and boost supply-chain resilience.
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.
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.’
Both companies that previously comprised one of Brazil’s largest apparel exporters will retain a stake in Farm Rio after separating.
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.
The US president chose an ally to steady an agency shaken by staff losses, low morale and fights over vaccines and drug approvals.
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.