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.
This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.
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.