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SEOUL, South Korea –
Trump has spent the last few months directing his ire at economic officials — first at the Fed, and now at the Bureau of Labor Statistics, which collects and reports economic data.
This week’s round-up of global markets fashion business news also features Bluestone’s IPO, LPP’s big Uzbekistan push and a reprieve for Lesotho garment factories.
As US president Donald Trump’s punishing new tariffs come into force, India is working towards becoming an apparel manufacturing powerhouse despite long-standing obstacles.
Fashion and jewellery brands are playing the long game in Hong Kong, investing in high-profile events and store upgrades despite an exodus of big spenders to rival shopping hubs and the city’s diminishing status as a regional gateway.
US prices for obesity-treatment pills that Eli Lilly and Novo Nordisk aim to launch next year will likely be on par with their weight-loss injections, analysts and investors say.
Musinsa did not disclose IPO details, but local media have reported the Seoul-based company could seek a valuation of about 10 trillion won ($7.2 billion) during the listing, potentially minting a fortune for founder Cho Man-ho.
Around 27 percent of the watch group’s sales last year came from the China, Hong Kong and Macau region.
Under the new deal, MCR Hotels will get Soho’s publicly traded shares, while founder Nick Jones and executive chairman Ron Burkle and his investment firm Yucaipa will retain majority control of the business.
