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.
Global Markets
A guide to unlocking opportunity in emerging and frontier fashion markets.
Worldview | Venezuela’s Fashion Retailers Return to ‘Business as Usual’
This week’s round-up of global markets fashion business news also features China’s plummeting footwear exports, Indonesian textiles and Chile’s department store giant.
Knowledge Report | Building Brand Resonance With Gulf Consumers
This report, in partnership with Snap Inc. in MENA, explores how global and regional fashion and beauty brands can most authentically and effectively tap into the expansive, multicultural communities across the Gulf Cooperation Council.
Vera Wang, Michael Chalhoub and Miral Youssef Headline the Inaugural Shoptalk Luxe 2026 in Abu Dhabi
Shoptalk launches its inaugural luxury retail event in the UAE capital, welcoming global and regional thought-leaders, executives and visionaries to the stage from January 27-29 at Abu Dhabi’s Emirates Palace Mandarin Oriental.
Trump Backs Off Greenland Tariffs, Citing ‘Framework’ Deal
The decision, which Trump announced Wednesday on social media, marks a stark reversal for a president who has repeatedly attempted to coerce Europe over Greenland.
Worldview | East Africa’s Leading Fashion Week Gains Momentum
This week’s round-up of global markets fashion business news also features the Saks store in Kazakhstan, India’s q-commerce apps and Hong Kong retailers exiting mainland China.
Top Designers Shed Secrecy Around Work for Chinese Brands
The growing power, prestige and global ambition of Chinese brands has ended the era of discretion for fashion heavyweights, with figures such as ex-LVMH designers Kim Jones and Kris Van Assche now publicly promoting their roles at Bosideng and Anta respectively.
How Ronald Lauder Encouraged Trump to Pursue Greenland
The cosmetics scion and friend of the US president has long harboured business interests in the Danish territory and its cache of ‘rare earth minerals,’ according to The Guardian.
Worldview | Iran Mode Goes Ahead Despite Tehran Protests
This week’s round-up of global markets fashion business news also features Indian textile exports, fast-fashion resellers in Mexico and China’s latest attempt to woo Russian shoppers.
Luxury’s New Australian Boomtown: Brisbane
With tourism thriving, millionaire numbers climbing and the Olympics on the horizon, brands are turning their attention to the Queensland capital as major retail developments get underway.
The Best of BoF 2025: A Year of Global Upheaval
Trade turmoil, luxury's slowdown and shifting consumer behaviours reshaped global fashion in 2025, pressuring manufacturers from Vietnam to China while opening frontiers in India, Africa and Latin America. But creative resilience and bold investment signalled where the industry may find its next wave of growth.
Opinion: China Is Now an Outdoors Nation
The outdoor trend is a bright spot in an otherwise challenging market that should have legs well into the new year, argues Juliana Liu.
How Arab Jewellery Designers Took Local Heritage Global
Backed by a deep history in the jewellery trade, a new generation of Arab designers are taking the region’s craftsmanship global while many heritage jewellery houses are re-inventing themselves and gaining greater prominence.
THE NEWS IN BRIEF
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.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.