Worldview: Chile’s Mall Giant Parque Arauco Bets on Colombia

🇨🇱 Chilean retail giant Parque Arauco acquires Colombia’s Parque Alegra. The Santiago-based agency, whose procuring malls in Chile, Peru and Colombia home retailers like Gucci and Guess, has accomplished its possession of the Colombian mall by an area subsidiary, buying the remaining stake from Colvalor Propiedades Colombianas. “Taking full management of Parque Alegra [in the city of Barranquilla] reaffirms our dedication to development in Colombia, after the numerous steps taken in current months together with the elevated possession stakes in Titán Plaza [in Bogotá] and Parque Fabricato [in Medellín],” mentioned Diego Bermúdez, CEO of Parque Arauco’s Colombia division. Dwelling to manufacturers like H&M and Pandora, Parque Alegra is now certainly one of Parque Arauco’s seven malls throughout the nation. [Business Wire]

🇮🇳 Reliance is reportedly preparing to launch Shein in India. Reliance Retail Ventures, the retail arm of oil-to-telecoms conglomerate Reliance Industries, is planning to promote merchandise from the ultra-fast trend large on its app and offline shops, in response to “a number of executives conscious of the developments,” talking to the ET. An imminent launch would come a yr after the partnership was reportedly struck between the 2 corporations, and 4 years after India banned Shein and different apps originating in China from working within the nation over border disputes. A deal may additionally assist Shein scale back dependence on China by scaling up sourcing from India. Reliance, a number one participant in India’s trend business, lately struck a take care of Britain’s trend e-tailer Asos. [Economic Times]

🇨🇳 Uighur group wins UK appeal over forced labour in Chinese cotton. A British courtroom of enchantment has dominated that the UK Nationwide Crime Company’s choice to not launch an investigation into the importation of cotton merchandise believed to be manufactured by Uighur and different Turkic Muslim individuals by pressured labour in China’s Xinjiang province was illegal. The appellants, the World Authorized Motion Community and the World Uyghur Congress, mentioned that their win may result in UK retailers being prosecuted below the Proceeds of Crime Act if imported merchandise are discovered to be made by pressured labour. [Sourcing Journal]

🇦🇺 Australian regulators ban Honey Birdette’s “sexually suggestive” advert. The Advert Requirements Neighborhood Panel has pressured the upmarket Sydney-based lingerie model co-founded in 2006 by Eloise Monaghan to take away an advert from a retailer window after a buyer complained that it uncovered an excessive amount of of one of many mannequin’s genital areas. This isn’t the primary time the model has confronted opposition from the organisation over adverts deemed too racy or specific, with native media reporting in 2018 that its adverts had already been banned over a dozen occasions. [Ragtrader]

🇮🇳 India’s Baba Ramdev claims a cartel wants to “destroy” his firm. The favored and controversial Indian yoga guru and founding father of Patanjali Ayurved, an ayuverda shopper items firm based mostly on India’s historical philosophy of holistic therapeutic which sells skincare, private care and meals merchandise, has mentioned {that a} group of ‘anti-ayuverda’ corporations, politicians and intellectuals search to wreck his firm’s repute. India’s Supreme Court docket has beforehand banned adverts for the agency’s medicinal merchandise claiming to treatment most cancers. In 2021, the federal government intervened over natural tablets claiming to treatment Covid-19 and in 2022 the Indian Medical Affiliation took the agency to courtroom over merchandise claiming to treatment diabetes. [Economic Times, BBC, BoF]

🇨🇳 EU may close off duty exemption that aids China’s Shein and Temu. The European Union is engaged on a proposal to impose import duties on low cost items purchased from on-line platforms outdoors the bloc, a transfer that may influence all non-EU e-commerce platforms however primarily targets China-founded corporations Temu, AliExpress and Shein, in response to individuals accustomed to the matter. The EU presently has a €150 ($161) duty-free de minimis threshold for on-line purchases which has enabled a surge in small-value imports from these platforms. The transfer follows the EU’s current toughening of tech compliance necessities for the platforms. [BoF]

🇿🇦 South Africa’s Rich Mnisi wins top award at Africa Fashion Up. The competitors based by Share Africa, a platform supported by Balenciaga and Galeries Lafayette, named Mnisi the “Finest Designer Africa” for the most recent version at a ceremony in Paris final month. Based in 2021 by Valérie Ka, the competition’s different 2024 prize winners included Niuku founder Kadiata Diallo from Senegal and Mauritania; Gugu Peteni, the South African founding father of Gugu by Gugu; and Mohamed Youss, founding father of Anouri, from Morocco and Kader Diaby, from Côte d’Ivoire, founding father of Olooh. [Africa News Agency, Semafor]

🇮🇳 Indian watch and jewellery giant Titan reports 9 percent revenue growth. The Tata Group-owned agency, whose portfolio consists of its namesake model alongside Tanishq, Zoya, Mia and CaratLane, posted 9 p.c development within the first quarter ended June 2024. It added 61 shops through the interval, bringing its mixed retail community presence to three,096, amid a home and worldwide growth drive throughout the US, Center East and Southeast Asia. [Economic Times]

🇯🇵 Japanese beauty giant Shiseido wins Max Mara fragrance license. The Tokyo-based conglomerate will develop, produce and manufacture fragrances for Max Mara, which has not bought fragrance because it discontinued a line of scents launched within the mid-2000s. Shiseido has a number of perfume licensing offers with trend homes, together with Narciso Rodriguez, Issey Miyake and Tory Burch. [BoF]

🇮🇳 India’s Malabar Gold & Diamonds accelerates UK expansion. The jeweller has opened a retailer within the metropolis of Leicester, following its debut in London’s Upton Park district. The Kozhikode-based firm, which operates 350 shops throughout 13 international locations, mentioned it plans to strengthen its footprint in present markets in Europe, the Center East and North America, and enter new international locations in Africa, Asia and Oceania. Within the UK, “we now have…fast openings deliberate in Southall and Wembley in London, in addition to Birmingham and Manchester,” mentioned Shamlal Ahamed, MD of worldwide operations. [Economic Times]

🇹🇭 Thai textile leader calls for companies to innovate to aid recovery. “It’s time for us to take … a brand new path, with a special focus … in the direction of extra creativity and know-how,” mentioned Setthapong Srisuphonvanij, president of the Thai Textile Service provider Affiliation, finally month’s GFT Expo commerce present in Bangkok, referring to the necessity for extra Thai sourcing companions of world trend corporations to offer “specialty textiles to satisfy shopper wants.” Thailand’s attire and textile exports decreased from $6.85 billion to $6.03 billion between 2022 and 2023. [Sourcing Journal]

🇮🇳 India’s Kalyan Jewellers plans US debut by Diwali. The Thrissur-based firm whose portfolio consists of its namesake model and digital-first model Candere has mentioned that a part of its plan to launch over 130 new shops through the present monetary yr will embody its first within the US by Diwali, which falls on 1 November. The agency presently operates greater than 270 shops throughout India, the UAE, Qatar, Kuwait and Oman. [Economic Times]

🇨🇳 Chanel chooses Hangzhou for its next Métiers d’Art show location. The French luxurious model will showcase its assortment that includes the home’s particular artisanal expertise, on December 3 within the Chinese language metropolis, an historic centre of the worldwide silk commerce. Hangzhou’s Métiers d’Artwork present will comply with these in Manchester, UK and Dakar, Senegal. Chanel introduced a repeat cruise present in Shenzhen, China final yr. [Jing Daily]

🇰🇷 LVMH-owned jeweller Fred names Jin from BTS as brand ambassador. The model has tapped the South Korean singer and member of Okay-pop boyband BTS, which has been on hiatus whereas the band members full necessary army service. Jin, who has over 48 million followers on Instagram, was the primary to be discharged final month. [Billboard Philippines]

🇨🇳 Gucci taps Chinese actor Zhang Linghe as brand ambassador. The Italian luxurious model has partnered with the star of TV sequence together with “Story of Kunning Palace” and “Sparkle Love,” who has almost 10 million followers on Weibo, to endorse its merchandise. [Dscene]