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 holding company with assets of about $33 billion appointed Sheikha Dana Nasser Sabah Al Ahmad as its new chief executive, replacing Faisal Al Ayyar, who will step down after more than 30 years with the company.
Kuwait Projects, also known as Kipco, has a number of retail projects in its portfolio, primarily managed by its United Real Estate Co subsidiary, which owns the Abdali Mall in Amman, Jordan and the Salalah Gardens Mall in Salalah, Oman, and Marina Mall in Kuwait.
Sheikha Dana will take over as the firm’s new CEO on Jan. 1.
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Kuwait’s Alshaya Retains Regional Debenhams Rights
Kuwaiti retail giant, Alshaya Group, has struck a deal with Boohoo Group to retain its regional rights to the Debenhams brand, which Boohoo bought out in January.
Though e-commerce reshaped retailing in the US and Europe even before the pandemic, a confluence of economic, financial and logistical circumstance kept the South American nation insulated from the trend until later.
This week’s round-up of global markets fashion business news also features Korean shopping app Ably, Kenya’s second-hand clothing trade and the EU’s bid to curb forced labour in Chinese cotton.
From Viviano Sue to Soshi Otsuki, a new generation of Tokyo-based designers are preparing to make their international breakthrough.
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.