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.
Though e-commerce reshaped retailing in the US and Europe even before the pandemic, a confluence of economic, financial and logistical circumstance 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.
From Viviano Sue to Soshi Otsuki, a new generation of Tokyo-based designers are preparing to make their international breakthrough.
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.