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.
Competition is heating up between two of South Korea’s biggest platform operators.
Kakao, the mobile messaging giant whose operations now span e-commerce, advertising, content and more, saw its market capitalisation briefly overtake arch-rival, search engine portal and Line owner Naver on Monday, The Korea Times reports. By Tuesday, Kakao’s market cap of 62.8 trillion won ($56.2 billion) brought it back to fourth place, after Naver at 63 trillion won ($56.3 billion).
The companies, which both operate successful messaging, e-commerce, fintech and content businesses, have grown rapidly in the wake of the pandemic. At the end of 2020, Naver was the country’s sixth most valuable company and Kakao ranked ninth.
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.
This week’s round-up of global markets fashion business news also features Brazil’s JHSF, the Abu Dhabi Investment Authority and the impact of Taiwan’s earthquake on textile supply chains.
This week’s round-up of global markets fashion business news also features Dubai’s Majid Al Futtaim, a Polish fashion giant‘s Russia controversy and the bombing of a Malaysian retailer over blasphemous socks.