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.
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.