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.
Opinion: Luxury Should Embrace China’s Secondhand Boom
For fashion houses, ignoring Chinese shoppers’ shifting preference towards luxury resale would be a mistake, writes Bloomberg’s Juliana Liu.
Worldview | Indigenous Designers Take Centre Stage in New Zealand
This week’s round-up of global markets fashion business news also features China’s growing sportswear challengers, Saudi Arabia’s mall expansion and Romania’s forthcoming Vogue edition.
Selling Love in China: How Qixi Marketing Strategies Are Shifting
As younger Chinese rethink romance and relationships, global luxury brands are adjusting their approach to Qixi — an ancient festival often compared to Valentine’s Day — with mixed success.
Worldview | Red Sea Attacks Renew Risks to Fashion Supply Chains
This week’s round-up of global markets fashion business news also features a power struggle at India’s Tata Group, fresh funding for Nigeria’s Jumia and the impact of the Colombian earthquake on manufacturers.
Opinion: When Indian Craft Becomes Luxury’s Moral Alibi
Craft is not simply cultural spectacle. It is a referendum on the kind of nation India is becoming.
Dubai’s Reign Over Middle East Fashion Will Outlast the War
While the Middle East conflict has punctured Dubai’s aura of invulnerability and prompted some to question the city’s future, it has done little to erode the advantages that made it the region’s fashion gateway in the first place.
Worldview | Mercado Libre Sacrifices Profit for Growth
This week’s round-up of global markets fashion business news also features a luxury goods scandal in Hong Kong, Reliance Retail’s latest acquisition in India and Puma caught in the crossfire in Ukraine.
Worldview | India Couture Week Under the Shadow of Unrest
This week’s round-up of global markets fashion business news also features the Australian Fashion Festival, African textile innovators and the Chinese investors buying Mammut.
Luxury’s Next Hotspot in India
Fuelled by wealth from its tech and pharmaceutical sectors, Hyderabad has attracted brands such as Chanel and Michael Kors to a city long dominated by domestic designers.
Inside Macao’s Bid to Become a Luxury Retail Destination
Mall concept and lifestyle destination operator Sands Shoppes Macao is developing its luxury retail offering to diversify the city’s casino-led economy. BoF sits down with global retail president David Sylvester to learn more.
Worldview | Colombiamoda Expands Its Latin American Reach
This week’s round-up of global markets fashion business news also features the Ghanaian textile sector, Russian e-tailer Wildberries and the record fine incurred by Chinese marketplace AliExpress.
The Strategic Rise of Dubai’s Beauty Export Market
As global tradeshow Beautyworld Dubai celebrates its 30th edition, show director Ravi Ramchandani sits down with BoF to unpack the region’s new role as a key exporter of beauty.
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.