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 company, which manufactures and distributes fashion in the Japanese market for brands including A.P.C., Repetto and Marimekko, reported a 61.7 percent decline in overall operating income and a 10.4 percent fall in sales for its apparel business in 2020.
Look Holdings was hit hardest at the beginning of the pandemic and saw sales recover in the second half of the year, particularly through online channels. Its overseas business in markets like South Korea, where Covid-19 has had a smaller impact on demand, performed comparatively well.
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.