🇮🇩 Jakarta Vogue Week designers reimagine Indonesia’s heritage textiles. One of many largest annual trade occasions in Southeast Asia, Jakarta Vogue Week was held from Oct. 21 to 27 within the Indonesian capital. From younger mavericks to storied veterans, designers offered collections that usually blended custom with innovation. Daring womenswear manufacturers like Studio Jeje, Saya and Aesthetic Pleasure joined boundary-pushing designers Fuguku, Jan Sober and Tanah Le Sae on the runway. Menswear labels resembling Bluesville and Othman highlighted each native artisanal crafts and trendy tailoring whereas couture and legacy labels Pamela Usanto, Wiki Wu, Biasa and Votum Heritage by Sebastian Gunawan & Christina Panarese provided extra timeless collections. Indonesia’s huge array of conventional textile heritage was additionally on present, reinterpreted for contemporary shoppers by manufacturers Period Soekamto, FBudi, and Oscar Lawalata Tradition. Batiks got a contemporary edge by Denny Wirawan and Adrian Gan who explored batik kudus and batik lasem respectively. Jakarta Vogue Week chair and GCM Group CEO Svida Alisjahbana described the occasion as “a catalyst for Indonesia’s vogue evolution, nurturing expertise and positioning Jakarta as a contender on the worldwide stage [for 17 years].” [BoF Inbox]
🇵🇪 Peruvian commerce exhibits deal with elevating alpaca sustainability requirements. The twenty sixth version of Peru Moda Deco and the eighth version of Alpaca Fiesta, Peru’s largest vogue and textile commerce exhibits, ran collectively from Oct. 21 to 26 in Arequipa, Peru. The festivals welcomed 1000’s of attendees, connecting each hyperlink within the textile and alpaca fibre worth chains, from breeders and farmers to manufacturers and consumers, together with a number of main luxurious manufacturers. Greater than 180,000 Peruvian households are estimated to depend on the alpaca fleece trade. Jessica Rodriguez, president of Alpaca Fiesta highlighted the newly launched Accountable Alpaca Customary (RAS) certification programme for animal rearing practices. The festivals additionally featured vogue exhibits of manufacturers specialising in alpaca materials together with Sol Alpaca, Patapampa, Kuna and Anntarah. [Graciela Martin for BoF]
🇦🇺 Australia’s Myer acquires manufacturers from Premier Investments Restricted. The upmarket division retailer chain with greater than 60 areas throughout the nation has secured a cope with the agency owned by Solomon Lew to purchase 5 of PIL’s attire manufacturers (Simply Denims, Jay Jays, Portmans, Dotti and Jacqui E) below the Simply Group unit in a share sale and implementation settlement. The deal will see Myer add 719 shops to its portfolio and Solomon Lew will be a part of the board of Myer as a non-executive director. The Peter Alexander and Smiggle manufacturers will stay below the possession of Premier Investments. [Australian Financial Review, Ragtrader]
🇨🇭 Swiss perfume maker Givaudan opens co-creation hub in China. The group has opened L’Appartement 125, calling it a “state-of-the-art” effective perfume hub designed to foster co-creation between Givaudan’s perfumers and Chinese language manufacturers that may also host workshops, coaching classes and exhibitions. “A devoted effective perfume crew, beginning with gifted perfumer Jasmine Liu, can be completely established in Shanghai,” stated Xavier Renard, the agency’s international head of effective fragrances. [BoF Inbox]
🇨🇳 Douyin founder is China’s richest man amid declining billionaire numbers. The variety of US greenback billionaires within the nation has fallen by greater than a 3rd previously three years amid China’s financial slowdown, in keeping with Hurun’s newest ‘wealthy checklist’. Billionaire numbers hit a peak of 1,185 in 2021 however have fallen 36% to 753 this 12 months exceeding a ten % fall within the yuan’s worth towards the greenback over that interval. Amongst others, the ten wealthiest folks within the nation now embrace e-commerce, s-commerce and bodily retail moguls: Zhang Yiming, Pony Ma, Colin Huang, Li Ka-shing and Victor Li, Lee Shau Kee and Jack Ma. [Financial Times]
🇮🇳 Footwear large Bata India studies 53% Q2 revenue enhance. The Gurugram-based firm manufacturing and retailing namesake Bata and types Energy and North Star has posted 51.97 crore rupees ($6.1 million) in consolidated internet revenue for the quarter ended Sep. 2024. The India unit is a part of Bata Company, a Swiss-based multinational group based in 1894 by Tomas Bata in modern-day Czechia, which right this moment counts greater than 32,000 workers promoting 150 million pairs of sneakers yearly throughout 70 international locations, manufacturing in 21 factories throughout 18 international locations. [Economic Times, BoF]
🇨🇳 Chinese language agency Raza Heritage Holdings-owned Frette appoints CMO. The Italian luxurious linens, loungewear and sleepwear model has tapped former Diesel veteran Cristiano Quieti as its new chief merchandising and advertising officer, the model’s first government rent because it was acquired final 12 months by the consortium that features a personal household funding automobile for Chinese language billionaire and Anta Sports activities chairman Ding Shizhong and Adrienne Ma, the previous president of the storied Hong Kong multi-brand retailer Joyce. [WWD]
🇧🇼 Botswanan Debswana’s gross sales fall 52% amid international diamond downturn. Gross sales of tough diamonds within the Jan-Sep 2024 interval fell to $1.53 billion in comparison with $3.19 billion in the identical interval final 12 months for the agency within the African nation, one of many world’s high diamond producing international locations by worth which will get round 30-40 % of its income from the sector. The Gaborone-based agency, owned equally by Botswana and Anglo American’s De Beers, sells nearly all of its output to De Beers, with the remainder going to the state-owned Okavango Diamond Firm. [Reuters]
🇨🇳 Luxurious shoemaker Manolo Blahnik lastly enters the China market. The London-based model is opening a retailer on Nov. 4 at Shanghai’s Plaza 66 and plans to launch one retailer annually thereafter within the Chinese language mainland. The tip of a 22-year authorized battle in 2022 opened the best way for the model to commerce throughout the nation for the primary time since 1999 after a Chinese language courtroom ordered the invalidation of an illegal trademark registration by a neighborhood particular person. In March, the model entered a three way partnership within the Hong Kong market with Bluebell Group. [Jing Daily, BoF Inbox]
🇸🇦 Kering Technology Award to launch in Saudi Arabia. The French luxurious group’s chief sustainability & institutional affairs officer Marie-Claire Daveu has signed an settlement with Saudi Vogue Fee CEO Burak Cakmak to deliver the sustainable innovation prize to the dominion. The award, which was launched in 2017 and featured beforehand in China and Japan, will characteristic a ceremony in 2025 within the Saudi capital Riyadh, consisting of jury members Daveu and Miral Youssef, president of Kering Center East and Africa, amongst others. [BoF Inbox]
🇨🇳 Digital Luxurious Group acquires Chinese language market intelligence agency Re-Hub. The Geneva-based luxurious digital advertising company has bought the Shanghai-based agency for an undisclosed quantity. Re-Hub, which now specialises in AI-driven enterprise intelligence options for luxurious manufacturers, was based in 2017 by Max Peiro as a cloud-based SaaS platform measuring model efficiency and offering e-commerce optimisation, ‘daigou’ gray market monitoring, and pre-owned items monitoring. DLG managing associate Pablo Mauron stated that the acquisition would assist it “unlock the ‘China information black field.” [BoF Inbox]
🇮🇳 India’s karigars criticise Amazon’s programme for native handicrafts. The India unit of the e-commerce large launched Amazon Karigar in 2017 concentrating on the nation’s karigars, extremely expert artisans who usually specialize in handicrafts like embroidery, beading and appliqué. However some karigars declare that the programme has nonetheless not helped yield many shoppers as a result of it fails to sufficiently distinguish their crafts from mass merchandise and its market mannequin doesn’t pay up entrance in distinction to rivals like Itokri. [Rest of World]
🇳🇬 Nigeria’s business capital Lagos to ban textile waste from landfills. The Lagos Waste Administration Authority (LAWMA) made the announcement throughout Lagos Vogue Week, saying that the ban would come into impact inside three months throughout the state and metropolis. The municipality has partnered with Dutch sustainability companies Closing the Loop and Harvest Waste Consortium, in addition to Ghana’s Jospong Group. [Fibre2Fashion]
🇮🇳 Indian vogue retailer Arvind’s revenue declines 25% in Q2. The Bengaluru-based agency, which has a portfolio of owned and licensed worldwide manufacturers together with Calvin Klein and Tommy Hilfiger and a denim material manufacturing enterprise, stated consolidated internet revenue fell to 62.77 crore rupees ($7.4 million) in quarter ended Sep. 2024, down from 84.19 crore rupees within the corresponding interval a 12 months earlier. [Economic Times]
🇨🇳 Chinese language multi-brand retailer Dongliang reopens in Shanghai. The style retailer based by Charles Wang, Tasha Liu and Lang Nan in 2009 and now led solely by Wang with areas in Beijing, Shenzhen, Guangzhou and Aranya, has returned to Shanghai with a brand new retailer within the type of an historic villa. The unique Shanghai retailer was rebranded as Labelhood by Liu after the partnership with Wang led to 2015. [WWD]
🇮🇳 Indian vogue model Suta posts 33% income rise. The normal put on model based in 2016 by siblings Sujata and Taniya Biswas has recorded an increase in working income to 75 crore rupees ($8.9 million) throughout the monetary 12 months ended March 2024. The Mumbai-based agency’s consolidated internet revenue fell greater than half to 73 lakh rupees ($86,000). [Economic Times]
🇱🇧 Lebanese luxurious model Elie Saab appoints head of purse division. The model has named Greek Austrian designer Marina Raphael as its creative and design director of the class, in a transfer aiming to spice up its purse division. Raphael, a Greek Austrian member of the Swarovski household, will stay inventive director of her eponymous equipment label. [Mojeh]
🇮🇳 Indian division retailer V-Mart Retail narrows losses in Q2. The multi-category worth retail chain with over 440 shops in additional than 270 cities nationwide posted a internet lack of 57.99 crore rupees ($6.8 million) within the quarter ended Sep. 2024, in comparison with a 86.42 crore rupees loss in the identical interval final 12 months. Income from operations was up 20.3 % to 660.97 crore rupees ($78.5) within the quarter. [Economic Times].
🇰🇷 Prada faucets South Korean actor Byeon Woo-seok as model ambassador. The Italian luxurious model has partnered with the movie and tv star recognized for roles in “Beautiful Runner,” “File of Youth” and “Moonshine” to endorse its merchandise. The previous mannequin has over 11 million followers on Instagram. [Teen Vogue]
🇮🇳 India’s Birla Cellulose companions with Circ to scale recycled fibre. The cellulosic fibre division of Aditya Birla Group, one of many nation’s largest diversified conglomerates and a serious participant within the native vogue and textile trade, has inked a deal to buy as much as 5,000 metric tonnes of the US-based textile-to-textile recycling startup’s pulp per 12 months for 5 years. [Sourcing Journal]
