Harper’s Bazaar to Launch Philippine Edition
Hearst Magazines International is partnering with Philippine media group AGC Power Holdings to launch the fashion title in November 2027.
Global Markets
A guide to unlocking opportunity in emerging and frontier fashion markets.
Adidas CEO Sees No Crisis in China
German sporting goods company Adidas is not experiencing any slowdown in China, said chief executive Herbert Hainer upon his return from a trip to the Asian country.
A Shrinking Market: Is This Brazil’s ‘New Normal?’
Fashion brands rely on Brazil as their cash cow in Latin America, but how resilient is the luxury market as economic crisis deepens in the country?
Polishing the Tarnished Jewellery Industry
A handful of jewellers are addressing the iniquities of a supply chain that connects the luxury industry with millions of destitute miners digging for gold in atrocious conditions.
Luxe for Sale as Cartier, Prada Become Bargains in Brazil
Because of a plunge in the value of Brazil’s currency, many luxury products are now cheaper in Sao Paulo than they are in New York.
As Macy's Eyes China, Some See Need For Focus at Home
Macy's Inc's plan to open a virtual store on Alibaba offers a cheap way into China, but as the latest in a long list of initiatives to spur growth it could spread management thin.
Alibaba Plots Comeback From World’s Biggest Market-Value Wipeout
It took less than a year for Alibaba Group Holding Ltd. to turn from a stock-market darling into the biggest source of shareholder losses worldwide. Now, China’s biggest e-commerce operator is plotting its comeback.
Gucci Spars With Hong Kong Landlords as Chinese Demand Slumps
Landlords on Hong Kong’s Russell Street a year ago could boast the highest retail rents in the world. Now they are adjusting to a new reality.
The Big Guns Are Blazing
The Savigny Luxury index (“SLI”) rallied over 6 percent in the month, leaving the MSCI World Index (“MSCI”) in the dust, with a comparatively paltry increase of 1.3 percent.
Alibaba to Invest $4.6 Billion in China Electronics Retailer Suning
Alibaba Group Holding Ltd said Monday it will invest 28.3 billion yuan ($4.56 billion) in Suning Commerce Group Co Ltd.
This Hong Kong Jewellery Boutique Is Planning a Big US Expansion
In October, Plukka will be listed on the ASX and seeks to raise about $8 million from the initial public offering to fund its expansion plans.
In Rural China, Shoppers Go Online — With a Little Help
E-commerce growth in the countryside now outpaces that in major cities, though fewer than one tenth of online purchases made on Alibaba platforms were shipped to rural areas in the first quarter of this year.
Gucci, Burberry Demand Lower Hong Kong Rents as Market Wilts
Luxury companies including Kering SA are demanding lower Hong Kong store rents to reflect the island city’s waning appeal with wealthy Chinese shoppers.
THE NEWS IN BRIEF
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.
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.