Agenda-setting intelligence, analysis and advice for the global fashion community.
LONDON, United Kingdom — London Fashion Week has come and gone, and the fashion flock have moved on to Milan. But as we all know, the fashion landscape extends far beyond the world's traditional fashion capitals, and this week BoF touched down in Malaysia, Brazil and China to get up to speed on the latest market dynamics, trends and intelligence from these rapidly growing markets.
First up, we sat down with Jean-Marc Loubier, a former LVMH executive who now helms First Heritage Brands (owned by the Fung Group), which has been quietly building a portfolio of desirable European luxury brands — including Delvaux, Sonia Rykiel and Robert Clergerie — with the aim of developing their international potential, especially in China.
"The Chinese are already the number one buyers of established brands and, as people [here] have more money and wealth, there is a growing need for [brands] with a different take on luxury," said Loubier. "We are experiencing the second wave of the development of luxury consumption after its world massification. The early but important actors with their powerful and huge brands will stay and develop, but there is an interesting space and need for a new offer."
Not far away, in Kuala Lumpur, Malaysia, the market for fashion is reaching a tipping point. As Robb Young reported in our latest Market GPS article, Malaysia is home to three of the world's largest shopping centres, where international brands are setting up shop to reach both locals and tourists alike. Malaysia has nationwide duty-free shopping and, so, attracts tourists from all over South East Asia and the wider Muslim world.
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Over in Brazil, the fast fashion market is heating up. International players like Topshop, Gap and Forever 21 are staking a claim to their share of the growing market, despite the challenging operating conditions, while indigenous players are using local market knowledge to their advantage. For now, it seems there is plenty of pie for everyone.
Here are some of our top articles from the week gone by:
Jean-Marc Loubier of First Heritage Brands on Bridging East and West
Divia Harilela sits down with Jean-Marc Loubier, chief executive of First Heritage Brands, an investment arm of the Fung Group which owns Robert Clergerie, Delvaux and Sonia Rykiel, to talk about his global investment strategy.
Malaysia's Magnetic Pull
Comprehending Malaysia's dynamic fashion market is about understanding its fans and neighbours as much as its melting pot culture.
In Brazil, Fast Fashion Heats Up
As global fast fashion giants arrive in Brazil, the market heats up. BoF reports.
Colin's Column | Kane and Anderson Go Head-to-Head
Colin McDowell reflects on the rise of young London designers JW Anderson and Christopher Kane, each now backed by a major French luxury conglomerate.
BoF Exclusive | The Level Group Buys LN-CC Out of Administration
BoF can exclusively reveal that after being put into administration late last week, fashion retailer LN-CC has been bought by Italian e-commerce provider The Level Group.
Dialling Up Fast-Rising Label 6397
With experience launching young designers like Alexander Wang and Phillip Lim from her New York showroom, Stella Ishii has teamed up with Lasse Karlson, co-founder of Cheap Monday, to launch 6397, a fast-rising label focused on tomboyish essentials. BoF reports.
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Uniqlo's Main Road is Overseas
Uniqlo has reached saturation in Japan and is now focusing almost all of its investment overseas, where it plans to open more than 400 stores in the next few years, with the aim to drive ¥3 trillion in international sales by the end of 2020. To reach this target it may also need to make a major overseas acquisition.
And don't forget, check out BoF Weekly, a week in review published with Flipboard and updated every Saturday.

Imran Amed
Founder and Editor-in-Chief




