The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
BOGOTA, Colombia — Amazon.com Inc on Tuesday said it will open its first customer service centre in Colombia in October and employ 600 people. The centre, intended to prevent and resolve problems, will serve customers worldwide in Spanish, English and Portuguese, the world's largest online retailer said in a statement.
Amazon's announcement comes as consumer companies jostle to expand into online sales as many brick and mortar retailers see a drop in sales.
At the beginning of August, Chile's Falabella, one of the largest retail companies in Latin America, said it would buy online shopping chain Linio for $138 million to compete against Amazon and Alibaba.
By Nelson Bocanegra; editor: Steve Orlofsky
In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.