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.
From Jewellery to Hotels, Hong Kong Businesses Feel China's Pain
While still the biggest outbound destination for Chinese tour groups, Hong Kong is in danger of losing its lead. Mainland Chinese travellers to Hong Kong last year grew by the slowest pace since 2009.
China Could Create a $68 Trillion Consumer Economy Over a Decade
For decades, China has exported cheap goods to the rest of the world even while domestic consumption waned. Now, the country's shoppers could be set for a reboot.
Amazon Swings to Quarterly Profit as North America Sales Grow
Amazon.com Inc swung to a quarterly profit, helped by higher sales in North America and growth in its web services business, sending its shares up 17.5 percent in extended trading.
Swiss Watch Sales Surge in Britain as Chinese Hunt for Bargains
UK imports of Swiss watches surged 29 percent in the first half as Chinese shoppers find that luxury timepieces are cheaper in Europe.
JD.Com Launches Online Store to Sell US Brands in China
JD.com Inc said it would start selling US products to customers in China through a new store on its website, as it looks to battle competition from bigger rival Alibaba Group Holding Ltd.
Alibaba, Unilever Announce Partnership to Reach Chinese Consumers
Alibaba Group Holdings Ltd announced on Sunday that it had signed a strategic partnership agreement with Unilever NV to help the consumer products group reach more Chinese shoppers.
The End of Boys and Girls: These Companies Are Going to Change How Your Kids Dress
Frustrated parents are launching apparel startups to upend gender norms.
The Truth Behind Macau’s Luxury Market
With gambling revenues that dwarf those of Las Vegas and non-stop retail expansion, why are there so many mixed messages about China’s gambling mecca?
Op-Ed | All African Fashion Needs is Structure
The success of a pan-African fashion industry hinges on the continent getting more organised, more efficient and more ROI-focused, argues Laura Eboa Songue.
Moscow Malls Open Half-Empty as Retailers Struggle
Shopping malls have been opening in Moscow less than half-full this year as retailers from Adidas to Stockmann Oyj scale down in Russia.
Alibaba Boosts Singapore Post Stake, Invest in E-Commerce Unit
Chinese e-commerce giant Alibaba Group Holding Ltd is investing about S$279 million ($205.98 million) to expand its holdings in Singapore Post Ltd and its e-commerce subsidiary
What Would a ‘Grexit’ Mean for Luxury Fashion?
A Greek return to the drachma could seriously disrupt the luxury fashion industry.
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.