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.
One Step Back for Poland as Sunday Shopping Ends
As Poland's economy has grown, more luxury brands have invested in the country. But a new bill backed by the Catholic Church could knock its progress back.
Amazon Seeks to Conquer New Continent With Push Into Australia
Australia presents a new challenge for Amazon as a sparsely populated, but large, continent that already has a few local web retailers up and running.
Amazon's Arrival Leaves Mexican E-Commerce Pioneer in the Dust
El Puerto de Liverpool, one of the first Mexican retailers to sell online, is quickly falling behind newer arrivals. Is it too late to catch up?
Uniqlo Owner Applies to Open Stores in India Amid Overseas Push
Fast Retailing Co., Asia's largest clothing chain, has applied for approval to open stores in India as it pushes to increase its footprint across the globe.
The Companies With the Most to Gain as China and Korea Make Up
The warming of relations between two of Asia’s biggest economies is a welcome sign for many companies caught in the middle of a year-long political standstill.
Chanel and Gucci Hike Prices as South Korea and China End Dispute
The countries have agreed to restore ties after a year-long dispute over the deployment of a US anti-missile system, which has been devastating to some Korean businesses that rely on Chinese consumers.
After Year-Long Mourning, Retailers Hope to Revive Thai Economy
With Thailand’s year of mourning almost over, political observers — as well as fashion brands and retailers — are starting to look to the future.
Africa vs the USA: A Secondhand Clothing Showdown
Several East African nations have curbed used clothing imports from the US to support the growth of the local industry, but the move could come at a cost.
Can Global Fashion Group Shed Its Turbulent Past and Become Profitable?
After a slew of challenges, the ex-Rocket Internet fashion e-commerce subsidiary is taking a more pragmatic view on the future.
Korea’s Big Retailers Under Pressure
South Korea's retail sector has long been dominated by major conglomerates, but the country’s new president seems prepared to take a harder stance against the country's so-called 'chaebols.'
BoF Exclusive | Condé Nast to Launch Vogue Poland
The Polish edition of Vogue will debut next year with the aim of generating ad revenue from brands tapping the country's $584 million luxury goods market.
Latin America's $160 Billion Fashion Opportunity
The fashion market in Latin America is bigger than the Middle East and growing as fast as Asia. But will industry leaders continue to invest as much as the region needs to realise its full potential?
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.