Pandora Opens World’s Largest Jewellery Factory in Vietnam
The $150 million plant is the Danish jewellers first outside of Thailand, part of a bid to diversify its manufacturing footprint and boost supply-chain resilience.
Global Markets
A guide to unlocking opportunity in emerging and frontier fashion markets.
Bounce Back Amid Industry Shake-Up
Both the Savigny Luxury index (“SLI”) and the MSCI World Index (“MSCI”) bounced back in February, buoyed by firmer oil prices and strong US jobs data.
Tapping China's Colossal Bridal Market
Proportional to their income, Chinese couples spend more than Americans on their wedding, but navigating cultural differences around the occasion can be a minefield for Western bridal brands.
Indian Startups Find the Fundraising Party Is Winding Down
Sending ripples through the industry, a Morgan Stanley fund marked down India's Flipkart value by more than a quarter to $11 billion, less than a year after financing clinched a $15 billion valuation.
South Korean Consumer Shares Tumble as China Relations Cool
South Korean consumer shares, 2015’s stock-market darlings as tourists from China flocked to Seoul department stores, are now among the nation’s worst performers this year as a missile spat cools relations between the neighbours.
Asia Tycoons Deck Out Business Jets with Hermès, Chanel
Asia is expected to create more billionaire wealth than the US within a decade, and the proliferation of moguls is expected to spur a buying spree for private jets that will triple the luxury aircraft fleet in Greater China.
Momentum in Dubai, Middle East’s Fashion Mecca
With a new fashion council, a revamped fashion week and a growing reputation as a launch pad for big brand events, Dubai is evolving into a fully-fledged fashion capital for the Middle East and North African market.
India, the Fashion World’s Next Manufacturing Powerhouse?
The ‘Make in India’ campaign is raising the profile and prospects of India’s garment and textile industry.
Rich Chinese Splurge on Sportswear as Luxury's Lustre Dims
GPS sport watches, compression leggings and hydration packs are the new must-haves for wealthy Chinese, pumping up the multi-billion dollar sportswear industry at a time when China's elite are reining in spending on more traditional luxury brands.
North Korea's Fashion Secrets
Fashion is an increasingly important tool for North Korea’s ‘black market generation’ to make small but significant changes to the culture and economy of the secretive state.
In Japan, Luxury Flourishes While Economy Flounders
Japan’s economy is dipping in and out of recession, but the country is still one of the bright spots in the global luxury goods market. BoF reports.
Chinese Shoppers in South Korea Shun Luxury for Local Brands
Chinese visitors to South Korea are buying less from global luxury mainstays like Louis Vuitton and Chanel in favour of cheaper homegrown brands, as young, independent travellers make up a bigger share of tourists.
What Recession? Wealthy Russians Snap Up Luxury Goods
Luxury brands are seeing strong sales even as mass market plunges.
THE NEWS IN BRIEF
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.
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.