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.
Developer Emaar Properties has completed its merger with retail arm, Emaar Malls, in a deal that delists the mall operator, the Emirati multinational announced Nov. 22.
Emaar Properties’ shareholders greenlit the move last month at a general meeting, Arabian Business reported. The deal entails that the transfer of Emaar Malls’ assets and liabilities to a wholly-owned subsidiary of Emaar Properties, which will result in the latter’s share capital reaching $2.2 billion.
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Local streetwear brands, festivals and stores selling major global labels remain relatively small but the country’s community of hypebeasts and sneakerheads is growing fast.
This week’s round-up of global markets fashion business news also features Senegalese investors, an Indian menswear giant and workers’ rights in Myanmar.
Though e-commerce reshaped retailing in the US and Europe even before the pandemic, a confluence of economic, financial and logistical circumstances kept the South American nation insulated from the trend until later.
This week’s round-up of global markets fashion business news also features Korean shopping app Ably, Kenya’s second-hand clothing trade and the EU’s bid to curb forced labour in Chinese cotton.