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.
JD.com, one of China’s largest online retailers, has signed a partnership agreement with Dubai’s Emaar Malls fashion and lifestyle platform, Namshi, according to an Arab News report.
The Dubai-headquartered e-commerce platform, which sells more than 800 brands and has customers in Saudi Arabia, the UAE, Kuwait, Oman and Bahrain, will provide JD.com with local logistics, warehousing and marketing support in the region. In addition, the Namshi platform will launch several fashion and lifestyle brands from China later this month.
Beijing-based JD.com posted revenue of 745.8 billion yuan ($114.97 billion) for the year, beating analysts’ estimates.
Reliance plans to open top-end luxury mall in Mumbai with LVMH and Kering brands set to open stores, marking retail expansion for brands in India.
This week’s round-up of global markets fashion business news also features South African clothing retailer Woolworths, Bahraini asset manager Investcorp and Indonesia’s threats to curb TikTok Shop.
Reliance Industries and Tata Group have launched multi-brand beauty retailers Tira and Tata Cliq Palette respectively in a challenge to incumbents like Nykaa, Purplle and Sephora.
This week’s round-up of global markets fashion business news also reveals the succession plan for an Indian retail billionaire, Kenya’s strategy to revitalise its textile industry and forced labour in Turkmenistan’s cotton harvest.