Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
Cape Town, South Africa
Global Markets
Africa’s $20 Billion E-Commerce Opportunity
The pandemic shone a spotlight on African e-commerce giants like Jumia, Konga and Takealot but now there is a race to become the fashion gateway for the continent. Which specialist etailer will win?
Africa’s $20 Billion E-Commerce Opportunity
The pandemic shone a spotlight on African e-commerce giants like Jumia, Konga and Takealot but now there is a race to become the fashion gateway for the continent. Which specialist etailer will win?
Retail
Old Mutual Backs South African Retailer Footgear’s Acquisition Plans
The plan to buy Edcon’s Edgars Active and High Key assets will create one of Southern Africa's largest sports and casual wear businesses.
Old Mutual Backs South African Retailer Footgear’s Acquisition Plans
The plan to buy Edcon’s Edgars Active and High Key assets will create one of Southern Africa's largest sports and casual wear businesses.
News & Analysis
Nkosiyati Khumalo: 'Fashion Needs to Include More Diverse Voices'
This week, we meet BoF Professional member Nkosiyati Khumalo, editor-in-chief of GQ South Africa.
Nkosiyati Khumalo: 'Fashion Needs to Include More Diverse Voices'
This week, we meet BoF Professional member Nkosiyati Khumalo, editor-in-chief of GQ South Africa.
Retail
Woolworths CEO Under Pressure as David Jones Struggles
Two Australian non-executive directors resigned from David Jones last week, hot on the heels of CEO David Thomas, the third head of that business to leave in five years.
Woolworths CEO Under Pressure as David Jones Struggles
Two Australian non-executive directors resigned from David Jones last week, hot on the heels of CEO David Thomas, the third head of that business to leave in five years.
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Global Markets
H&M Scouts Out Potential Suppliers in South Africa
Executives from the world’s second largest clothing retailer visited some of the country’s main cities this week.
H&M Scouts Out Potential Suppliers in South Africa
Executives from the world’s second largest clothing retailer visited some of the country’s main cities this week.
Retail
Woolworths Falls as Australia's David Jones Clothing Sales Slow
Revenue increased by 2.5 percent in the second half of 2017, compared with 6.7 percent the previous year, while stock slumped as much as 9 percent.
Woolworths Falls as Australia's David Jones Clothing Sales Slow
Revenue increased by 2.5 percent in the second half of 2017, compared with 6.7 percent the previous year, while stock slumped as much as 9 percent.
Retail
Woolworths May Sell Two David Jones Stores in Revamp Efforts
Woolworths Holdings Ltd., the South African food and clothing retailer which bought David Jones last year, may sell two of the Australian retailer’s sites as it looks to revamp other stores in central business districts.
Woolworths May Sell Two David Jones Stores in Revamp Efforts
Woolworths Holdings Ltd., the South African food and clothing retailer which bought David Jones last year, may sell two of the Australian retailer’s sites as it looks to revamp other stores in central business districts.
Sustainability
Woolworths Hires Rapper Pharrell to ’Make Sustainability Cool’
South African retailer Woolworths Holdings Ltd. has appointed Pharrell Williams as style director for sustainability-focused projects in Africa.
Woolworths Hires Rapper Pharrell to ’Make Sustainability Cool’
South African retailer Woolworths Holdings Ltd. has appointed Pharrell Williams as style director for sustainability-focused projects in Africa.
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News & Analysis
South Africa's Woolworths Takes on Zara and H&M With Australian Bid
CAPE TOWN, South Africa — Woolworths Holdings Ltd. of South Africa is using a $2 billion takeover of Australia's David Jones Ltd. to challenge
South Africa's Woolworths Takes on Zara and H&M With Australian Bid
CAPE TOWN, South Africa — Woolworths Holdings Ltd. of South Africa is using a $2 billion takeover of Australia's David Jones Ltd. to challenge
News & Analysis
Richemont Slides as Chairman Says Global Economy Is ‘Precarious’
GENEVA, Switzerland — Cie. Financiere Richemont SA, the owner of the Cartier brand, fell the most in more than two months after Chairman Johann
Richemont Slides as Chairman Says Global Economy Is ‘Precarious’
GENEVA, Switzerland — Cie. Financiere Richemont SA, the owner of the Cartier brand, fell the most in more than two months after Chairman Johann
The News in Brief
De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.