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.
Op-Ed | Could Global Pricing Alignment Backfire?
Luxury brands like Chanel and Prada have been adjusting prices in response to the Chinese market, but currency volatility and political dynamics present a real risk, argues Philip Guarino.
China Import Tax Cuts No Remedy for Retail Slowdown
The tariff cuts in China are the latest in a string of measures to stimulate domestic consumption and bolster economic growth, which hit a 24-year low last year.
Made in Chindia: Asian Giants Take Different Manufacturing Paths
The Communist Party recently announced a Made in China program aimed at transforming its manufacturing sector, months after Prime Minister Narendra Modi unveiled his Make in India plan, also targeted at manufacturing.
Wealthy Chinese Heading Abroad to Buy Diamonds Without Scrutiny
Chinese shoppers are increasingly traveling abroad to buy diamonds, at a time when ostentatious purchases are frowned upon at home.
In Zimbabwe, Cars Are Used Clothing Shops
Zimbabweans are turning their cars into makeshift second-hand clothing and shoe stores, using parking lots, shopping malls and open spaces in low and middle-income suburbs.
With Chinese Discounts, Gucci Turns the Page on Frida Giannini
Gucci is offering discounts of as much as 50 percent in China as the Italian fashion house seeks to clear out merchandise designed by its former creative director, prompting lines of Chinese shoppers to form since sunrise.
Luxury Brands’ Value Shrinks $7 Billion as China Curbs Largesse
The value of the top 10 luxury goods brands fell 6 percent, or $7.1 billion, to $105 billion as companies from Prada SpA to Cartier grappled with slowing sales in China and Russia.
Jumei Drops as Online Advantages Fade on China Tariff Cut
Jumei International Holding Ltd. tumbled the most on record on concerns that China’s decision to cut taxes on imported consumer goods will reduce its pricing advantage.
Wal-Mart to Bring In-House Some Sourcing Handled by Li & Fung
Wal-Mart Stores Inc, the world's largest retailer, said it has decided to bring in-house some of the product sourcing that has been handled by Direct Sourcing Group (DSG), a unit of Hong Kong's Li & Fung Ltd.
Copying Alibaba, India E-Tailers Woo Small Sellers for Growth
Indian e-commerce firms are offering funding help and tech support to woo small retailers, emulating a strategy used by Alibaba to expand into the towns and villages home to the majority of consumers.
China's Impact Looms Large as US Debates its Own Trade Deals
There's intense competition between the US and China for economic influence in the world. As Obama seeks to persuade lawmakers to back his trade agenda, he has cast that competition as an economic threat.
Alibaba to Invest More Abroad as Globalization Top Priority
Alibaba Group Holding Ltd will invest heavily in existing and new ventures abroad, making its push beyond the China market a top priority.
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.