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 e-commerce player, which earlier this year acquired stakes in fashion and beauty platforms Styleshare and 29CM, plans on investing a further 14 billion won ($12.2 million) in start-ups this year, The Korea Herald reports, as the country’s fashion e-commerce space continues to heat up.
This would bring the total amount of Musinsa’s investments in 2021, made through its venture capital arm, to 60 billion won ($52.5 million). The VC firm, which was set up in 2018, has already poured around 46 billion won into fashion businesses like minimalist womenswear brand Coor. According to Musinsa, the companies that have benefited from its investments are worth over 1.2 trillion won ($1 billion).
Learn more:
A Guide to South Korea’s Booming E-Commerce Market
The pandemic set off an online shopping frenzy in what was already one of the world’s most digitally savvy countries. Here’s what brands need to know.
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.