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.
The South Korean e-commerce giant annnounced Thursday that its founder and board chair, Kim Bom-seok, also known as Bom Kim, has stepped down the the board of the world’s fastest growing retailer to focus on expanding its business overseas, The Korea Times reports.
Though Kim will no longer oversee Coupang’s domestic operations, he will retain his CEO role and board title at parent company Coupang Inc. Kang Han-seung, Coupang’s representative director of business management, was appointed Kim’s replacement.
Coupang has already begun expanding in markets like Japan and Singapore; it plans on growing its presence in Southeast Asia through offering grocery and food delivery services as well as fintech and expedited delivery to users in the increasingly lucrative region.
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.
This week’s round-up of global markets fashion business news also features Brazil’s JHSF, the Abu Dhabi Investment Authority and the impact of Taiwan’s earthquake on textile supply chains.
This week’s round-up of global markets fashion business news also features Dubai’s Majid Al Futtaim, a Polish fashion giant‘s Russia controversy and the bombing of a Malaysian retailer over blasphemous socks.