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.
Gap Reports Holiday Sales Results, Metric Up 3%
Gap Inc. said late Thursday that a key revenue metric rose 3 percent for the November and December period, as surging sales at its low-priced Old Navy chain offset sluggish business at its namesake business.
Where Will Growth Come From in 2015? Fashion CEOs Speak
BoF speaks to leading fashion CEOs to understand their 2015 growth priorities.
Michael Kors Holdings Down Amid Increased Discounting
Michael Kors Holdings Ltd. fell the most in more than two months in New York trading after Credit Suisse Group AG cut its rating on the stock, saying slowing handbag demand has led to a “dramatic” increase in discounting.
Teen Retailers in Trouble as Malls Lose Luster
The decline of the American mall is threatening to create more retail victims in 2015 as stores that count on enclosed shopping centres for foot traffic find they’re increasingly isolated from consumers.
Jewellers Go Straight to Miners as Diamonds Wane
Jewellers who fill up Christmas stockings with diamonds are increasingly doing so by investing in or securing supply deals directly from individual mines, avoiding the industry’s middlemen.
Chinese Shopping Agents Cash in on Russian Currency Slide
Chinese workers and overseas students in Russia have been snapping up goods at low prices caused by the steep fall in Russian rouble rates before brands can adjust them. These shopping agents, known as "daigou," stockpile the products before selling them at a profit to buyers back home.
Cartier Joins Apple, Renault in Raising Russian Prices
Cartier, the luxury jeweler owned by Cie. Financiere Richemont SA, raised its Russian prices by as much as 50 percent after the ruble plunged to a record low.
At Kering, Turmoil and Soft Profits
The hottest trend at France’s second-biggest luxury group this season: Executive departures as the owner tightens the reins. Asset sales may be next on the runway.
Why Isn’t Germany a Bigger Fashion Player?
Germany is Europe’s biggest consumer of fashion. So why isn’t the country a bigger force in the international fashion world?
Online Ventures Target Global Muslim Consumer Market
From travel guides to shopping portals, new Internet ventures aim to capitalize on the growing "Muslim lifestyle" market, which is expanding beyond food to include areas such as tourism, fashion and credit cards.
Kering Shakes Up Gucci Management to Boost Brand
Kering named luxury couture and leather goods division head Marco Bizzarri as the new chief executive of Gucci from January as it seeks to reverse declining sales at the Italian fashion brand.
In South Africa, More Evolution than Revolution
A year after the death of Nelson Mandela and two decades since the end of apartheid, South Africa’s fashion market holds up a skewed mirror to its vibrant and incredibly complex society.
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.