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.
Thailand, Japan Share Mutual Affection That Is Rare in Asia
The mutual affection between these two nations is rare in Asia, where historical, political and territorial tensions often complicate ties.
Luxury's Brexit Bloodbath
The selling tsunami which immediately followed Brexit has left the Savigny Luxury index lost at sea this month.
TAG Heuer Pushing Brand in China, as Rivals Scale Back
The head of luxury group LVMH's Swiss watchmaking business said on Saturday the company is pushing its TAG Heuer brand in the Chinese market, as rivals scale back their investments due to weaker demand.
Swarovski Blings Up the Orient
The Austrian crystal maker is tapping emerging markets in the Middle East and Asia by adding luxury embellishments to traditional garments.
A ‘Brexit’ Would Be Bad for Fashion
Britain’s exit from the European Union would do real damage to the global fashion industry.
Retailers Stifle US Stocks as Growth Worries Mount
The weakness plaguing consumer companies proved contagious and pushed US stocks to the longest streak of weekly declines since January’s market meltdown.
Havana Hanging in the Balance
Tim Blanks reports from Havana, finding the Kardashians and Kanye West amongst white clad adherents of Santeria in a city on the cusp of a new revolution.
Cuba’s Ambitious Fashion ‘Cuentapropistas’
Economic reforms, improved relations with the US and even Chanel’s upcoming Cruise show are all encouraging signs, but the future of the Cuban fashion market still remains uncertain.
Op-Ed | Brands Should Consider a "Season-Less" Show Model
The global fashion industry has already become disconnected from geography and the seasons, argues Paulo Borges.
Middle Eastern Designers Break Boundaries
From Tel Aviv to Tehran, a new generation of designers from the Middle East is finding fame in the world's fashion capitals.
Op-Ed | Fashion Needs a New Rhythm
The biggest challenge for brands from distant markets is not their geography but the timing and pace of the global fashion system, argues Karen Walker.
On the Periphery, Going Global
Fashion businesses in markets like Australia, Brazil and Georgia face the tyranny of distance, but some turn remote geography into a competitive advantage.
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.