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.
Argentina’s clothing, leather and footwear production soared 68.6 percent year-on-year in March, according to data from the country’s National Institute of Statistics and Census (Indec).
Footwear and apparel production grew 100 percent and 68.4 percent respectively, compared to the same month a year earlier. Meanwhile, leather production rose 9.2 percent.
The rise can be attributed to the reactivation of the clothing sector as Argentina’s economy slowly comes back to life following the pandemic. Production of yarn and textile materials were also up in March.
However, Indec also revealed that preparation and spinning of textile fibres declined significantly, recording a 60.1 percent year-on-year drop in March due to weather conditions delaying the cotton harvest.
Chanel, Louis Vuitton and Tiffany & Co are among the brands expanding in Perth, Australia in a bid to tap its mining, oil and gas wealth and newfound status as a travel hub.
This week’s round-up of global markets fashion business news also features Haiti’s sourcing crisis, Brazilian jewellery giant Vivara and Dubai’s Ramadan shopping season.
This week’s round-up of global markets fashion business news also features Supreme’s long-awaited Shanghai flagship opening, India imposes MIP on undervalued imports of synthetic knitted fabric and striking Sri Lankan workers continue to protest.
Imran Amed shares his observations from a trip to the wealthy desert metropolis, home to the most lucrative stores for many of the world’s top fashion brands.