Agenda-setting intelligence, analysis and advice for the global fashion community.
One of the largest retailers in South America, Cencosud, reported overall sales growth of 23.3 percent year-on-year for the second quarter to 2.67 trillion Chilean pesos ($3.4 billion) in 2021. EBITDA grew 11.9 percent.
Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
Global oil markets face turmoil after a US attack on Iran's main export hub heightened risks to supply across the Middle East.
This week on The Debrief, BoF’s Shayeza Walid and Cathaleen Chen unpack why the war in Iran and disruption in the Strait of Hormuz matter to fashion — from synthetic fibre costs and factory energy shortages to freight surcharges and weakening consumer confidence.
Monday’s price spike proved short-lived, but volatile markets, supply disruptions, rising freight costs and shaky consumer confidence have put the global fashion industry on edge.
This week’s round-up of global markets fashion business news also features Turkish textiles giant Sanko, Chow Tai Fook and Buenos Aires Fashion Week.
Kering’s newly created jewellery division regroups Boucheron, Pomellato, Dodo and Qeelin brands as the company aims to pool resources. The conglomerate is also regrouping fashion brand reporting, shielding smaller labels from investor scrutiny.
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
Beauty brands must rethink upselling with smarter value plays, from curated bundles to jumbo sizes and subscriptions, to keep their customers from switching to the competition.
