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.
Aeon, which operates 142 malls in Japan, 21 in China and nine in Southeast Asia, has suspended work on what would have been Myanmar’s biggest shopping centre as a result of the violent coup that began in February, The Irrawaddy reports.
The retailer hasn’t disclosed when construction will resume on the $180 million project — the product of a joint venture between Aeon and local developer Shwe Taung Group, in which the companies planned to take 70 percent and 30 percent stakes, respectively.
According to The Irrawaddy, developers said that the five-story mall, which was originally scheduled to open its doors in 2023, would’ve spanned 111,480 square metres.
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.