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.’
Global Markets
A guide to unlocking opportunity in emerging and frontier fashion markets.
Uniqlo Ad Sparks Protest as South Korea-Japan Dispute Flares
The company's sales take a hit in South Korea amid an existing, wide-ranging boycott.
Fallout From Trump's Trade Wars Felt by Economies Around the World
The fallout will slow global growth in 2019 to 3.0 percent, the slowest pace in a decade, the International Monetary Fund estimated this week.
Japan's Fast Retailing Likely Hit by South Korea Boycott
A diplomatic spat between the two countries has caused sales in South Korea to fall 40 percent year-on-year in July and more in August.
Amazon and Walmart Find Sales Season Success in Rural India
Amazon.com and rival Walmart reported record revenue for their six-day India sales as e-commerce catches on with buyers and sellers in smaller towns.
As Fashion Giants Eye Exit From China, One Indonesian Supplier Makes Gains
Sri Rejeki Isman PT, which makes apparel for J.C. Penney Walmart and H&M, is fielding calls from other brands looking to diversify their suppliers amid the ongoing US-China trade war.
Amazon Brings Prime Program to Brazil to Outflank Local Rivals
The service will offer free unlimited shipping for about 500,000 products out of the 20 million Amazon currently sells in Brazil, and two day-shipping will be available in 90 cities.
Global Fashion Group Says It Is Making Progress Towards Profit
GFG, which runs fashion websites in Russia, Latin America and south-east Asia, reported second-quarter sales rose a currency-adjusted 16.5 percent.
Uniqlo Sales Hit by South Korea Boycott
The Japanese retailer has confirmed it has been hurt by South Korean consumer boycotts amid a mounting dispute between the two countries.
Amazon in Talks to Buy Stake in India's Reliance Retail
The e-commerce giant is in exploratory talks with India's biggest brick-and-mortar retailer to buy an up to 26 percent stake in India's biggest brick-and-mortar retailer.
Nike and Lululemon Supplier Pivots Away From Vietnam After Exiting China
With Donald Trump hardening his stance on the Southeast Asian country, Eclat Textile Co. keeping up with the changing landscape of global trade.
Tariffs on Mexico Will Not Derail Trade Deal, Says Trump Official
The president’s threat of a 5 percent tariff on all Mexican goods will not worsen the country's economic situation, according to White House administration.
Who’s Really Driving Georgian Fashion? Not Demna.
Demna Gvasalia may be the very public face of Georgian fashion but behind the scenes it is a different story. BoF reveals the power brokers investing in the market.
THE NEWS IN BRIEF
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.
US Businesses File Lawsuit Challenging New ‘Forced Labour’ Tariffs
Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.