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 conglomerate with businesses spanning retail, entertainment and dining has appointed An Young-hun to the role of chief executive officer for its fashion arm, E-Land Retail, The Korea Herald reports.
An joined E-Land Retail in 2007 and currently serves as the arm’s chief human resources officer. He led the company’s overseas business in markets like China and Europe, helping boost its namesake womenswear label’s annual sales to 400 billion won ($348.8 million) in mainland China. An’s appointment signals E-Land’s desire to appeal more to South Korea’s younger shoppers, including through the digitisation of its sales channels, an official told the publication.
E-Land Retail owns several brands including fast fashion player Spao and has a franchise agreement with New Balance.
Further Reading: Uniqlo Faces Homegrown Rivals in South Korea
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.
Spurred by rapid growth in the pure luxury market, global brands operating in lower-priced segments like contemporary fashion are entering the country or accelerating expansion plans.
This week’s round-up of global markets fashion business news also features India’s textile industry, Chinese beauty major Yatsen and Ghana’s newest garment factory.
Luxury fashion retailers in the oil-rich African nation keep a low profile to provide a discreet shopping environment for consumers and avoid flaunting the elite nature of their own business.