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.
A 4 billion rand ($280 million) mixed-use development that will include the new home of Amazon’s Africa operations in the South African city of Cape Town has been given the go-ahead by local authorities, according to a Business Tech report.
US retail giant, Amazon, will be the development’s anchor tenant, with its planned African headquarters taking 70,000-square-metres of the total 150,000-square-metre space, which will also include housing, a hotel, restaurants and a school.
While the development has been approved in concept, conditions have been attached requiring further stages of approval in future, officials said. Construction is set to take place over the next three to five years.
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.