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.
Saudi mall operator Arabian Centres is expected to sell $650 million in 5-1/2 year Islamic bonds at around 5.75 percent after receiving more than $1.2 billion in orders for the deal, a document showed on Tuesday.
Price guidance on the sukuk was tightened to a range of 5.75 percent plus or minus 12.5 basis points, after initial guidance of around 5.875 percent, the document issued by one of the banks arranging the deal showed.
The deal is expected to launch later on Tuesday.
By Yousef Saba; Editor: Kirsten Donovan
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.