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.
DHC’s South Korean business on September 2 announced its plans to pull out of the market after a decline in sales resulting from years of consumer boycotts, The Korea Times reports.
The company reportedly saw sales drop after chairman and CEO Yoshiaki Yoshida used discriminatory language against Koreans online, which prompted shoppers to boycott the brand, known for its signature cleansing oil.
DHC isn’t the only Japanese player feeling the heat. Other brands, like Japanese fast fashion brand Uniqlo, were affected by trade curbs introduced after a Korean court in 2018 demanded Japanese companies compensate Korean victims of Japanese forced labour during its colonial rule spanning 1910 to 1945. L’Oréal-owned beauty brand Shu Uemura announced earlier this year plans to exit Korea after 16 years.
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Japanese Beauty Brand DHC Under Fire Following CEO’s Discriminatory Comments
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.