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 Hong Kong Keep the Cool Factor?
Hong Kong has long been a key player in the global fashion business, but as the creative industries become ever stronger on the Chinese Mainland, the city is losing its influence.
How Jewellery Companies Are Vying for China's Independent Women
Facing slowing global demand for diamond jewellery, companies from Tiffany to De Beers are reshaping their marketing campaigns to tap a growing pool of independent female spenders in China.
Can Berlin Turn Its Fetish for Failure Into a Fashion Success Story?
Driven by low rents and a renegade cultural scene, Berlin is a magnet for creatives, but the city’s most noteworthy fashion labels still show elsewhere.
Korean Retailers to Ramp up E-Commerce with $940M Private Equity Boost
Shinsegae and E-Mart are laying out ambitions to become the leading e-commerce retailers in one of the world's most wired countries.
Wal-Mart Teams up with Japan’s Largest Online Retailer
The venture is another sign Walmart is shaking up its struggling international business — in China, it’s similarly partnered with e-commerce giant JD.com.
India Ending Curbs Will Allow 10 Foreign Retailers to Set Shop
Fast Retailing is among the retailers that are likely to benefit from the liberalised move.
Spain and Portugal Reboot the Iberian Fashion Market
As Spain and Portugal return to pre-crisis growth and tourism levels, who will be the winners and losers as new global players enter the market?
The Growing Power of Latin Fashion Media
Latin America boasts a colourful deck of beloved, local magazines that continue to persuade loyal readers to buy fashion and luxury, despite turbulent times for print media.
Seeing 200 Million Indians Shop Online, Allcargo Shifts Focus
The battle for e-commerce dominance in India between Amazon and Flipkart has opened the door for one of the nation’s largest logistics companies to reinvent itself.
Southeast Asia Online Economy Seen Reaching $50 Billion in 2017
E-commerce sales of new goods will reach $10.9 billion in gross merchandise value in 2017, almost double their level in 2015.
Op-Ed | Investors Would be Wise to Watch Africa’s Designer Brands
There are attractive investment opportunities for other players interested in the continent’s designer brands, argues Sekayi Fundafunda, one of the 10 winners of BoF's Future VOICES Challenge.
Fashion’s New Centre of Gravity
Next year non-Western markets will account for a greater share of global apparel and footwear sales than Europe and North America. But how will these increasingly important regions leverage their newfound status to gain even greater impact and influence on the global fashion industry?
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.