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.
Confident Americans Resume Their Shopping Spree
Shopping with the most spare cash since 2008, consumers are giving US companies record sales for discretionary items as well as the biggest boost to their shares in 25 years.
Billionaire Rides K-Beauty Boom That Began in Grandma's Kitchen
Looking at the replica of his grandmother’s kitchen, where skincare products maker Amorepacific began, Suh says that becoming one of the world’s elite beauty brands is his ambition.
JD.com Sees Growth in Warehouse Services After Uniqlo Agreement
Chinese e-commerce company JD.com Inc. expects a warehousing and delivery agreement with Japan’s Uniqlo Co. will open the door for more companies to use its logistics services.
Rocket Internet Names GFG Management as Shareholders Invest More
Global Fashion Group, the online retailer backed by Rocket Internet SE, said investors provided 32 million euros ($35 million) of new financing, paving the way for an potential initial public offering.
Alibaba-Backed ShopRunner Gains Momentum, Eyes China
ShopRunner Inc, the e-commerce startup backed by Alibaba Group Holding Ltd that styles itself in some ways as the anti-Amazon, more than doubled its users over the past year and hopes to do so again in 2015.
Euro Falls Near $1, But European Luxury Goods Remain Pricey
Americans hunting for a bargain on a new Beemer, bottle of Chateau Margaux or Hermès handbag thanks to the sliding euro should put away their gold cards. European luxury goods sold in the U.S. still carry luxurious price tags.
Amidst the Russian Crisis, a Shift to Domestic Brands?
The effect of international sanctions could create opportunity for domestic brands in Russia.
Beckham Goes to China Under Hong Kong Global Brands Venture
David Beckham-branded products are set to head to China when the British soccer star’s Hong Kong joint venture partner rolls out its goods in a few months.
Rolex Offshoot Brand Tudor Emerges as Threat to Midpriced Rivals
Tudor, a sportier brand that Rolex founder Hans Wilsdorf trademarked in 1926, plans to enter Japan after returning to the UK and the US in the past two years.
Omega Sees US as Promising Watch Market Amid Chinese Slowdown
Omega President Stephen Urquhart said the US is one of the Swiss watch brand’s most promising markets this year amid a lull in spending by the Chinese, the biggest buyers of luxury timepieces.
Nike Earnings Beat Estimates as North American Sales Advance
Nike Inc., the world’s largest sporting- goods maker, posted third-quarter profit that topped analysts’ estimates, helped by demand in North America.
Shoppers Seek Bargains as Chanel Lowers Prices in China
Chinese shoppers are seeking bargains after Chanel started cutting prices in the region to account for the weak euro that has driven many Asian shoppers to make their luxury purchases abroad.
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.