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.
Arvind Fashions, which operates 28 brands in the Indian market, including Tommy Hilfiger and Calvin Klein, saw e-commerce sales grow 230 percent in 2020, according to an interview published in The Economic Times with chief executive Shailesh Chaturvedi.
Today, 20 percent of Arvind’s business happens online, through marketplace platforms such as Myntra, as well as its own channels, Chaturvedi said.
Meanwhile, Aditya Birla Fashion & Retail (ABFRL) saw e-commerce sales grow 45 percent during the last quarter, and beauty and fast moving consumer goods (FMCG) players Unilever and Marico have both said their e-commerce contribution has more than doubled in 2020 to around 5 to 6 percent of total sales in the India market.
This week’s round-up of global markets fashion business news also features Burberry’s trademark dispute in China, pan-African e-tailer Jumia and South Korea’s investigation into Coupang.
The growing popularity of ‘T-beauty’ brands across Asia has made their home country an increasingly important market for global players.
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.