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.
Khan Market, one of the most expensive retail district in India, has seen a 8 to 17 percent decline in average monthly rentals in Q1 2021 compared to the same time last year, according to Anarock Research data.
Mumbai is one of the worst effected cities of the second wave of Covid-19 in India and high street markets, including Kala Ghoda, Bandra Linking Road and Fort, have declined 5 to 10 percent in the same period.
Trends of the previous two quarters suggested retail in India was on the verge of recovery. However, “the second wave once again crimped this growth,” Pankaj Renjhen, COO of Anarock Retail said. There’s no end in sight: the country recently passed more than 20 million cases and India’s main opposition party has called for a full national lockdown.
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.