Author: Robb Young
This week’s round-up of global markets fashion business news also features Eid al-Fitr spending across the Gulf, Moscow Fashion Week and Indian factories squeezed by the Middle East war fuel shortage.
This week’s round-up of global markets fashion business news also features Japanese department stores, Brazil’s Lojas Renner and Middle East luxury sales.
🌍 Middle East retailers are rattled by the escalating Iran conflict. Businesses are reeling after Iran launched military strikes on several Arab countries over the weekend following the US-Israeli assault on Tehran. Retail activity has been heavily disrupted in both Tehran and Tel Aviv. Israel also launched attacks in Lebanon as Iran-backed Hezbollah bombed Israel in retaliation for the killing of Iranian supreme leader Ali Khamenei. Suburban areas of Beirut were hit harder than major shopping districts in the city centre. In the United Arab Emirates, where malls remained mostly open but stock exchanges were suspended for two days, most…