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 digital jewellery retailer will continue to operate its own website, while expanding its e-commerce presence on Nykaa Fashion’s platform. The value of the deal, announced on Monday, has not been disclosed.
The acquisition addresses the growing demand for fashion jewellery in India while meeting the popularity of niche brands fuelled by social media discovery.
Nykaa Fashion has been expanding its e-commerce platform into the private label space with the acquisition of fashion brands such as Twenty Dresses in 2019. Nykaa is planning an initial public offering later this year valued at a minimum of $3 billion with backers including TPG and Indian tycoon Sunil Munjal’s family office Hero Enterprise.
Chanel, Louis Vuitton and Tiffany & Co are among the brands expanding in Perth, Australia in a bid to tap its mining, oil and gas wealth and newfound status as a travel hub.
This week’s round-up of global markets fashion business news also features Haiti’s sourcing crisis, Brazilian jewellery giant Vivara and Dubai’s Ramadan shopping season.
This week’s round-up of global markets fashion business news also features Supreme’s long-awaited Shanghai flagship opening, India imposes MIP on undervalued imports of synthetic knitted fabric and striking Sri Lankan workers continue to protest.
Imran Amed shares his observations from a trip to the wealthy desert metropolis, home to the most lucrative stores for many of the world’s top fashion brands.