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.
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.