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.
Can Latin American Fashion Brands Crack Europe?
Brands from Colombia to Argentina are betting on Spain as a springboard for broader European expansion, but shared cultural ties have not shielded them from high costs and fierce local competition.
Worldview | What’s Next for China’s Record-Breaking Luxury Mall?
This week’s round-up of global markets fashion business news also features Japan’s casualwear backlash, microfibre pollution in Ghana and Brazil’s troubled footwear merger.
Worldview | Luxury Brands Downscale Marketing Efforts for China’s “520” Valentine’s Day
This week’s round-up of global markets fashion business news also features Uzbekistan’s Tashkent Fashion Week expansion and Vietnam’s jewellery IPO.
India’s Under-the-Radar Luxury Opportunity: Kolkata
The country’s third-largest metropolitan area may lack the retail infrastructure of Mumbai or Delhi, but its affluent consumer base is becoming harder for global luxury brands to ignore.
Worldview | Australian Fashion Week Gets a Fresh Backdrop
This week’s round-up of global markets fashion business news also features Japan’s booming resale trade, Indian manufacturing giant Pearl Global and the Chinese AI assistant used as a stylist.
Worldview | Brazilian Fashion Set to Gain from Mercosur-EU Trade Deal
This week’s round-up of global markets fashion business news also features Iran’s retail crisis, Japanese department stores and China’s lacklustre May Day holiday spending.
Worldview | Central Asia’s Fashion Ambitions Take Shape in Almaty
This week’s round-up of global markets fashion business news also features Turkish textile manufacturers, Brazilian designers and Abu Dhabi’s attempt to revive travel retail.
For Russian Brands, Wartime Gains Fade as Economy Stalls
Four years after capitalising on Western labels’ exodus from Russia, domestic brands now face a shrinking fashion market as wartime expansion gives way to stagnation.
Mumbai’s Le Mill Acquired by Burgundy Brand Collective
The Colaba boutique that helped introduce global luxury brands to Indian shoppers is set to become the first concept store in Burgundy Brand Collective’s fashion portfolio.
Fashion’s Race to the Indian Stock Market
From high-growth garment exporters to billion-dollar jewellers, Indian companies are gearing up for IPOs even as global economic uncertainty and market volatility threaten to delay some listings.
Worldview | South African Fashion Week’s Runway Reboot
This week’s round-up of global markets fashion business news also features Chinese casualwear giants, Turkey’s modest fashion expo and Brazilian retailers’ bet on Uruguay.
Worldview | Rio de Janeiro Stages Fashion Week Comeback
This week’s round-up of global markets fashion business news also features Dubai malls, Mexican designers and China’s social commerce giant.
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.