šŸ“° In the news | 25 August 2023

Superbalist cuts staff, fashion explores growth opportunities in Nigeria & Egypt, and a growing startup targets fashion's surplus stock problem.

Hi Reader,

Across Africa,

Nigeria & Egypt make plans to dominate African fashion market share, Superbalist cuts staff following stagnated growth and Takealot Group losses, South African clothing retail proves to be a challenging investment for JSE stakeholders and Jumia prepares to launch buy-now-pay-later solutions in Egypt while battling growth losses from Nigerian inflation.

Elsewhere,

A growing startup has raised a $30M Series B round to solve fashionā€™s surplus stock problem, suppliers in the global south struggle to keep up with multiple sets of sustainability legislation, Peter Do collaborates with Banana Republic and Stella McCartney makes a quick pivot from mushroom leather to plant & mineral based MIRUM.

Join the conversation

or to participate.