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.
Uruguay’s fashion exports for January fell to $2.3 million, down from $2.7 million in the same month last year, according to Fashion Network, citing data from the Uruguay XXI Institute, which tracks foreign investment and exports.
In its latest foreign trade report, the institute indicated that the fashion category (constituting clothing, footwear and other textiles segments) has started 2021 with a deceleration of 15 percent compared to January 2020. This caused the sector to slide two places in Uruguay’s export rankings, fashion is now only the 28th largest export segment for the South American country.
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.