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.
Amazon has requested $40 million to forego its right of first refusal to buy Future Group’s assets, the Economic Times reported. It is alleged to be the US retail giant’s latest move in a battle with Future Group over the latter’s proposed mega-deal to sell its retail and logistics assets to Indian conglomerate Reliance Industries, which was announced last year.
In a submission made to the Singapore International Arbitration Centre, Future Group claimed Amazon asked for “$40 million as compensation in exchange for the Future Group and Reliance proceeding with the disputed transaction.”
This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.
This week’s round-up of global markets fashion business news also features the China Duty Free Group, Uniqlo’s Japanese owner and a pan-African e-commerce platform in Côte d’Ivoire.
Affluent members of the Indian diaspora are underserved by fashion retailers, but dedicated e-commerce sites are not a silver bullet for Indian designers aiming to reach them.