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.
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.