Nigeria’s $10 billion fashion market is growing swiftly, despite the lingering stigma of an Ebola outbreak and a woeful security situation.
Online retailer Jumia, a would-be African Amazon set up by German venture capital firm Rocket Internet, is expanding into three new markets: Uganda, Ghana and Cameroon.
With growth slowing in key markets like China, luxury brands should examine the numbers, overcome their fears about image and turn their attention to Africa, argues Johanna Collins-Wood.
ABUJA, Nigeria — Nigeria has overtaken South Africa as Africa's largest economy after a rebasing calculation nearly doubled its gross domestic product, data from the statistics office showed on Sunday.
Why Peter Dundas is Pucci’s prince of prints (The National) “The last thing you expect Peter Dundas to be is the fashion guy. From his sheer physical presence, he’s a car man maybe, a surfer or a quarterback – the sort of guy who rides a motorbike that roars like a chainsaw. What he is, is in fact “the prince of prints” – the creative director of Pucci, the Italian luxury label.” How
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
Rebranding Africa (IHT) “Africa is in the news — but not just for the sad and familiar reasons of conflict and suffering. The continent is entering the fashion arena, with the quality of its handwork, artistic creativity and its potential for economic growth bringing Africa literally in vogue.” Italy’s Ferragamo Q1 net rises 10 pct (Reuters) “Italian luxury shoemaker Salvatore Ferragamo said on Monday its
Into Africa (Telegraph) “Made in England; made in Italy; made in China. These are familiar labels in our clothes and accessories. But how about ‘made in Kenya’, stitched into the lining of a Vivienne Westwood handbag? Or on the swing tags of Matches ‘hot new collection, Suno, with its juicy mixes of colour and print?” For New Stars of London, a New York Debut (NY Times) “Among the world fashion
Africa’s influence in the fashion industry (FT) “A long way from the World Cup epicentres of Johannesburg and Durban, catwalkers in New York and Paris are already marching to an African beat… chiming with the prevailing mood makes economic as well as sartorial sense.” Will Last Century’s Styles Open Today’s Wallets? (NY Times) “Brands are combing their archives in the hope that old clothing styles with a