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.
Since its launch in 2010, the Seoul-headquartered firm has been forthright about its plans to list on the NASDAQ. This goal could be realised within the first half of 2021, the Korea Times reported.
On Coupang, South Koreans can buy everything from Nike sneakers to groceries to iPhones. As the market’s top e-commerce players, the firm saw sales soar over the pandemic. By April 2020, it held a 24.6 percent share of the local e-commerce market — an 18.1 percent uptick year-on-year — according to market research firm Nielson Korea.
Industry sources revealed that after Coupang passed a preliminary review in January, its underwriter Goldman Sachs is conducting presentations to potential investors in South Korea and abroad. If things go according to plan, sources expect that the firm’s listing timeline will be determined in March; its parent company, Coupang LLC, will be the subject of the IPO and is valued at around $30 billion.
People of Indian and Pakistani heritage are critical to the UAE’s fashion sector, leading billion-dollar retail empires, trading textiles and jewellery and stitching garments for Middle Eastern brands.
Influencer Irene Kim and V&A curator Rosalie Kim join Chanel executive Yana Peel to chart South Korea’s rise to global creative juggernaut.
BoF sits down with Zainab Abdulrazzaq, founder of 3oud.com and organiser of the Oud Fashion Talks, to discover the next steps for the event, designed to cement Kuwait’s place on the international fashion map.
The World Economic Forum in Davos, a retail convention in New York and menswear shows in Paris will command the industry’s attention. Plus, what else to watch for this week.