How did Dutch fabric company Vlisco gain a first mover advantage in Africa’s emerging fashion market? Rebecca May Johnson reports.
Contrary to numerous reports, broad changes in Chinese consumer behaviour and sentiment — not the country’s much publicised anti-extravagance campaign — are the likely causes of China’s luxury slowdown, says Anne Zhang, a reporter for Chinese business magazine CBNweekly.
With high street brands gaining momentum and high-end designers sitting out the shows, or showing collections lacking in creativity, Brazil’s local luxury fashion scene is facing something of an identity crisis.
SÃO PAULO, Brazil — Effective this month, Luminosidade, the company that organizes São Paulo Fashion Week and Fashion Rio — previously held, back-to-back, in January and May/June of each year — is preponing its events, staging Autumn/Winter in October-November and Spring/Summer in March-April, not long after the close of the four main fashion weeks. But this means that while many international buyers and journalists have just
LONDON, United Kingdom — It’s nearly impossible to go a week without reading about international fashion brands expanding their operations in China. But what about Chinese brands targeting the West? A number of Chinese fashion and apparel brands are now aiming to build upon their domestic success and establish themselves in Western markets. Among them are companies like Bosideng, with recorded revenues of $1.3 billion in 2012 and
SÃO PAULO, Brazil — In emerging markets like India and China, luxury shopping malls have often struggled to successfully take root. Quality and execution issues have plagued many of India’s new shopping centres, while, apart from the very best developments, many of China’s large-scale malls are often worryingly empty. But despite the fact that the sun is always shining and the breeze is always blowing, Brazil’s luxury malls are
BEIJING, China — With its burgeoning middle class and status-conscious consumer culture, China remains the primary engine driving luxury market growth, even in a rapidly weakening global economy. But recent reports from China’s National Bureau of Statistics show that even China’s economy is experiencing what one Chinese cabinet member called a “sharp slowdown.” For fashion brands operating in China, this presents a distinct
NAIROBI, Kenya — In recent weeks, the media hype around Africa has been remarkable, with several articles in major publications proclaiming the continent “the next Asia.” In fashion, Franca Sozzani even dedicated the entire May issue of L’Uomo Vogue to “rebranding Africa,” while this year’s IHT Luxury conference will discuss “the potential of Africa, both as a producer and ultimately consumer of luxury goods.” But to what extent is
SÃO PAULO, Brazil — For many, Brazil’s body culture, eternal summer, and supermodels — not to mention its successful bids to host both the 2014 World Cup and the 2016 Olympic Games — make it the sexiest of all the BRIC countries. But data released in February by Brazil’s official statistics bureau revealed that the country’s GDP grew by just 2.7 percent in 2011, a dramatic reversal compared to the 7.5 percent surge registered in
BEIJING, China — For the past few years, all eyes have been on China. Captivated by the country’s rapidly expanding economy, large population and seemingly insatiable appetite for luxury goods, global fashion brands have focused their efforts on the Middle Kingdom, opening glittering stores in megacities like Beijing and Shanghai, as well as fast growing middleweight cities like Guangzhou, Hangzhou, Shenzhen and Tianjin, and
DOHA, Qatar — Just before the madness of fashion week season began, I couldn’t resist accepting an invitation from Lama El Moatessem to visit Doha, the capital city of the tiny nation of Qatar, to attend the opening of the Peter Marino-designed flagship for Toujouri, Ms El Moatessem’s three year old fashion brand. How did a little-known Middle Eastern brand get Mr Marino, the go-to architect for powerhouse brands like Louis
SYDNEY, Australia — 2011 was an extremely busy year for luxury retail expansion in Australia. In April, Burberry opened a new flagship on Sydney’s George Street. In July, Prada and Miu Miu opened flagships in Sydney’s Westfield shopping mall, where Gucci also opened its own two-level emporium in November. Then, in a dramatic end-of-year crescendo, Louis Vuitton opened a grand Maison on George Street and Bottega Veneta and