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 country’s government will introduce a safeguard tax on ready-made garments imported from China, Vietnam, Singapore and Bangladesh within the next 90 days, Sourcing Journal reports.
The decision, which has been discussed since November, aims to bolster Indonesia’s textile and garment sector in the wake of Covid-19. While this will put an end to the duty-free access China, Vietnam and Singapore currently enjoy, industry leaders in Bangladesh are fighting back against the tax — they say it will further debilitate their local manufacturers that are still reeling from order cancellations by European and American partners.
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.