Asos Says It Will Take ‘Necessary Actions’ After 18% Drop in Sales
Asos has said it will take “necessary actions” to transform its fortunes after the fast fashion retailer’s first-half losses widened and sales fell by nearly a fifth.
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.
People of Indian and Pakistani heritage are critical to the UAE’s fashion sector, leading billion-dollar retail empires, trading textiles and jewellery and stitching garments for Middle Eastern brands.
Developer Emaar Properties has completed its merger with retail arm, Emaar Malls, in a deal that delists the mall operator, the Emirati multinational announced Nov. 22.
On the opening night of Arab Fashion Week’s Spring/Summer 2022 edition, a “pink gala” was held to bestow its second annual Fashion Icon Award to
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Chanel, Cartier and Armani are focused on Dubai as the world expo gets underway but more comprehensive localisation strategies are needed across the Gulf for brands to fully benefit from the post-pandemic repatriation of luxury spend.
Chanel, Cartier and Armani are focused on Dubai as the world expo gets underway but more comprehensive localisation strategies are needed across the Gulf for brands to fully benefit from the post-pandemic repatriation of luxury spend.
Namshi claims to be the first e-commerce player to expand into Qatar after Bahrain, Egypt, Saudi Arabia and the United Arab Emirates agreed to
With the most important sales period of the year wiped out across the Middle East, luxury brands could be hit hard in key markets like the UAE, Kuwait and Saudi Arabia due to mall closures and lockdown.
The Dubai event signaled the French luxury conglomerate’s growing ambitions in hard luxury and drew a line in the sand for the major Swiss watch fairs.
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The luxury destination's retail expansion is expected to fill more than three Mall of Americas — increasing the city's shopping space by about 40 percent — despite failing regional outlets.
The influencer turned owner of a billion-dollar beauty brand speaks with BoF about plans for a new skincare line and how she deals with online critics.
This social media influencer-turned-entrepreneur built a $1.2 billion beauty brand that’s one of the hottest acquisition targets in the industry. Now, the straight-talking Iraqi-American wants to build one of the largest beauty businesses in the world.
This social media influencer-turned-entrepreneur built a $1.2 billion beauty brand that’s one of the hottest acquisition targets in the industry. Now, the straight-talking Iraqi-American wants to build one of the largest beauty businesses in the world.
Arab beauty markets have long been associated with invasive methods like cosmetic surgery, botox and fillers, but the rise of home-grown ‘clean beauty’ players signals a change, and opportunities for global market leaders.
Asos has said it will take “necessary actions” to transform its fortunes after the fast fashion retailer’s first-half losses widened and sales fell by nearly a fifth.
The effort to force TikTok’s Chinese parent company ByteDance Ltd to divest its ownership of the social media platform would quickly become law under a plan outlined Wednesday by House Speaker Mike Johnson.
The French publisher has appointed Tunis-based firm Nissa Editions Group as the local licensing partner and Cairo-based fashion media veteran Susan Sabet as both managing director and editor-in-chief of the new title.
The US Federal Trade Commission (FTC) is preparing to sue to block Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri Holdings, NYT Dealbook reported on Wednesday, citing people familiar with the matter.
Harvey Nichols has named Julia Goddard chief executive following the departure of Manju Malhotra — who held the post for 25 years — in late 2023.
The capital injection will strengthen the company’s earlier pivot from being an African designer e-commerce site to being a business-to-business venture helping emerging brands enter global retailers.
The German sportswear company now expects to generate operating profit of around €700 million ($743 million), an increase from the previous target of €500 million.
Amid a luxury slowdown, strong performance by LVMH’s perfumes and cosmetics and selective retailing divisions show a healthy appetite for beauty.