In the news | 31 July 2023

ISUZU signs up to sponsor SA Fashion Week, fuel subsidy upheaval knocks African e-commerce and LVMH sponsors Paris Olympics.

Across Africa,

ISUZU joins SA Fashion Week sponsors banner in 2-year deal, fuel subsidy upheaval in Nigeria and Kenya knocks e-commerce sales volumes, money experts weigh in on Jumia's potential, Truworths & Mr Price see a sales boost, MyRunway South Africa takes Primark UK to court over supply disagreement, City of Cape Town successfully grows clothing industry through special purpose vehicle CCTC, Fashtracker Nigeria relaunches, Togo loses textile trade leader, SHEIN dents South African fashion retail performance and Bash founders break down South African e-commerce scene with TechCentral.

Isuzu to sponsor SA Fashion Week

Isuzu Motors South Africa will be Fashion Week's official motor vehicle partner for the next two years, until July 2025...

South African crypto wallet launches voucher payments for Woolworths, Dis-Chem, Vodacom and MTN

Cape Town-based cryptocurrency and NFT startup Momint has integrated cash voucher purchases into…

Could Jumia Technologies Become the Next Amazon? | The Motley Fool

The "Amazon of Africa" still faces a lot of long-term challenges.

Adapting to dynamic market, leveraging technology, helped us grow – Jumia Nigeria CEO

E-commerce is believed to have taken off in Nigeria about 11 years ago when Jumia entered the country, leading the way to…

Soaring delivery costs force shoppers to abandon E-commerce

E-commerce firms operating in the country are reeling from the negative effects of fuel subsidy removal, as online shoppers embrace physical stores and markets

Algeria ready to deliver e-commerce growth

Algeria is forecasted to be the fastest growing e-commerce market in the Middle East and North Africa in the coming years.

How mighty Shein is hurting TFG, Mr Price, others

By making desirable, popular fashion available at ridiculously low prices.

Ecommerce ‘on fire’ in SA’s retail space

There are over 100 000 online stores in the country, but many don't make it more than three months after first purchases from their sites.

Superbalist founders on their new venture, Bash

Luke Jedeikin and Claude Hanan, well known for founding Superbalist, join the TechCentral Show to unpack their new venture.

Superbalist beats Bash on delivery thanks to Takealot ties

While neither store is known for tech products, both have a decent variety, especially when it comes to home and lifestyle-related products.

Textile queen Maman Creppy has died: the last of West Africa's legendary wax cloth traders has left her mark

Maman Creppy was one of Togo’s original Nana Benzes who had created a powerful wax cloth empire.

City stitching big opportunities for clothing and textile industry with SPVs

This week, Alderman James Vos visited the revamped Prestige clothing manufacturing plant in Epping.

Primark targets SA online player

Primark says it plans to defend itself against MyRunway.co.za's allegations that it reneged on a contract to supply products to it…

Truworths, Mr Price see uptick in retail sales

This as credit purchases boost Truworths and Studio 88's performance supports Mr Price.

Focus On: Bathu Shoes CEO & Founder Theo Baloyi shares his entrepreneurial journey

From the streets in Alexandra to one of the most populous cities in the United Arab Emirates, Theo Baloyi walks us through his path to success....

Elsewhere,

LVMH signs a first-of-its-kind sponsorship deal for the Paris 2024 Olympics, Gucci's CEO exits in an executive shake up at Kering as the group announces a 30% stake in Valentino, Richemont buys up a rumoured 70% of Italian shoemaker Gianvito Rossi, a UK case study reveals a surprising relationship between price and durability in everyday clothing items, marketing lessons from Barbie and Temu takes aim at SHEIN with antitrust lawsuit.

Richemont acquires a controlling stake in Gianvito Rossi

Richemont is pleased to announce that it has acquired a controlling stake in Gianvito Rossi, the renowned Italian shoemaking Maison, in a private transaction.

President and CEO of Gucci to step down

Gucci president and CEO will step down later this year, marking a significant leadership overhaul within its French parent company, Kering...

Kering Announces a 30% Stake in Valentino at H1 2023 Earnings Call

What all the shifts at the world's second-largest luxury conglomerate may mean for the future of Valentino

LVMH strikes Paris Olympic Games sponsorship deal

Featuring Louis Vuitton, Dior, Moet Hennessy champagne and spirits labels and jeweller Chaumet, which will design medals for the event.

£5 T-Shirt outlasts £45 rival in durability tests

T-Shirts costing as little as £5 were found to be more durable than those costing up to…

How brand Barbie is a masterclass in reinvention

Here's what consumers think about this legacy brand’s quest for relevance.

How Mattel Harnesses Brand Narrative to Create a Barbie World

The fascination with all things Brand Barbie is understandable, and in fact, consumer perception is key to trademark law.

Shein and Temu ‘At War’

Temu, in a new antitrust lawsuit against Shein, called the lucrative U.S. market the “primary theater of this war.”

BGMEA: Union Leader’s Murder Will Not ‘Significantly Impact’ Exports

Eight men have been arrested in connection to last month’s murder of Shahidul Islam, including members of a different union.

What the TikTok Shop Means for Fashion

FSW considers the impact of the Chinese social media giant's forthcoming e-commerce functionality on fashion and luxury

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