Fashion Commission Showcases Saudi Fashion Growth in Tokyo

Important statistics presented during the event revealed that Saudi Arabia’s fashion market is estimated to reach $36.8 billion by 2025, making it the largest in the Gulf region. The market is expected to grow at a compound annual rate of 6.4% through 2029. - SPA
Important statistics presented during the event revealed that Saudi Arabia’s fashion market is estimated to reach $36.8 billion by 2025, making it the largest in the Gulf region. The market is expected to grow at a compound annual rate of 6.4% through 2029. - SPA
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Fashion Commission Showcases Saudi Fashion Growth in Tokyo

Important statistics presented during the event revealed that Saudi Arabia’s fashion market is estimated to reach $36.8 billion by 2025, making it the largest in the Gulf region. The market is expected to grow at a compound annual rate of 6.4% through 2029. - SPA
Important statistics presented during the event revealed that Saudi Arabia’s fashion market is estimated to reach $36.8 billion by 2025, making it the largest in the Gulf region. The market is expected to grow at a compound annual rate of 6.4% through 2029. - SPA

The Fashion Commission, in partnership with Vogue Business, has concluded the Tokyo Investment Roadshow tour, bringing together investors, decision-makers, and creative leaders from Japan and the region to discuss the rapid expansion of Saudi Arabia's fashion sector and explore investment opportunities.

During the tour, the commission unveiled the “State of Fashion Sector in Saudi Arabia 2025” report through its Fashion Futures platform. This annual report, a key industry reference, offers data-driven insights into the creative economy, consumer trends, talent empowerment, and global shifts shaping the sector.

Important statistics presented during the event revealed that Saudi Arabia’s fashion market is estimated to reach $36.8 billion by 2025, making it the largest in the Gulf region. The market is expected to grow at a compound annual rate of 6.4% through 2029.

Notably, women make up 55% of the sector’s workforce, with 44% holding management positions, figures that surpass national averages. Moreover, 96% of Saudi consumers are aware of sustainability concepts, and 64% consider them in their purchasing decisions.

Additionally, the commission introduced a special manga version of the report, developed in collaboration with Manga Productions, a subsidiary of Mohammed Bin Salman Foundation (Misk) Tailored for Japanese audiences, the manga presents Saudi Arabia’s fashion vision through a visually compelling narrative rooted in heritage and looking toward the future, a step that reflects the commission’s commitment to cultural dialogue and storytelling innovation.

The event featured a data-driven panel discussing key findings from the report, with contributions from experts and designers. It also included an investment session titled “Investing in Saudi Arabia: Funding the Future of Fashion,” featuring representatives from the Fashion Commission, the Ministry of Investment, and the Cultural Development Fund. The session explored funding opportunities, new regulations, and the growing role of the private and government sectors.

This roadshow builds on previous investment initiatives by the Fashion Commission in key global fashion capitals, the most recent being in London. Organized in collaboration with the Ministry of Investment and the Cultural Development Fund, it is part of ongoing efforts to attract international investments and provide easier access to opportunities within Saudi Arabia's thriving fashion sector.

The Tokyo tour underscored the deepening ties between Saudi Arabia and Japan in the creative industries, with fashion emerging as a vital pillar of international collaboration. The event served as a strategic platform to foster partnerships and boost cultural and commercial exchange between the two nations.



China's HongShan Reportedly Eyes $2.9 Billion Golden Goose Deal by Christmas

People walk in a commercial street at the historical Shichahai district in Beijing, China, December 3, 2025. REUTERS/Sarah Meyssonnier
People walk in a commercial street at the historical Shichahai district in Beijing, China, December 3, 2025. REUTERS/Sarah Meyssonnier
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China's HongShan Reportedly Eyes $2.9 Billion Golden Goose Deal by Christmas

People walk in a commercial street at the historical Shichahai district in Beijing, China, December 3, 2025. REUTERS/Sarah Meyssonnier
People walk in a commercial street at the historical Shichahai district in Beijing, China, December 3, 2025. REUTERS/Sarah Meyssonnier

China's HongShan Capital Group (HSG) has sent a 2.5 billion euro ($2.91 billion) offer to private equity Permira to buy Italian luxury sneaker maker Golden Goose, with the aim of signing the deal by Christmas, daily la Repubblica reported on Friday.

Details still need to be defined but the offer gives the luxury group an enterprise value of 10 times the core profit expected by the end of the year, debt included, the newspaper said.

Golden Goose's revenues totaled 655 million euros in 2024, with an adjusted core profit of 227 million euros.

HSG has asked veteran fashion industry executive Marco Bizzarri to become Golden Goose's future chairman, la Repubblica said, adding that the Chinese private equity aims to expand Golden Goose's directly-managed stores, particularly in Asia, and plans to list the group in the medium-term.

Last year the Venice-based company, which sells sneakers for more than 500 euros a pair, shelved plans for an initial public offering on the Milan Bourse, citing market volatility caused by political uncertainty in Europe.


Debenhams' New Pay Plan Without Vote 'Disgraceful', Says Top Investor Frasers

Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)
Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)
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Debenhams' New Pay Plan Without Vote 'Disgraceful', Says Top Investor Frasers

Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)
Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)

A move by struggling British online fashion retailer Debenhams to push ahead with a new executive pay scheme without seeking approval from investors was "utterly disgraceful", the finance chief of rival Frasers said on Thursday.

Frasers is Debenhams' biggest investor with a 29.7% stake.

Last week, Debenhams said that one of the reasons it was not asking for a shareholder vote on the new pay scheme worth up to 222 million pounds ($296 million) was because a "major competitor" investor, which it did not name, had tried to block previous resolutions.

Debenhams has been locked in a long-running tussle with Frasers, majority-owned by British retail tycoon Mike Ashley, which unsuccessfully attempted to block its rebrand and oust its co-founder.

Frasers' chief financial officer Chris Wootton said Debenhams' latest move, which could see CEO Dan Finley earn up to 148 million pounds if Debenhams' share price hits 3 pounds over the next five years, was "typical corporate governance from them, utterly disgraceful".

However, he told Reuters that if Debenhams achieved a share price of 3 pounds "shareholders will be happy."

Debenhams shares were trading at 22.25 pence on Thursday, down 3.3%.


Zara Owner Inditex Reports Strong Start to Winter Sales

FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo
FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo
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Zara Owner Inditex Reports Strong Start to Winter Sales

FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo
FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo

Zara owner Inditex said sales grew 10.6% in constant currency over the start of its fourth quarter, beating analysts' expectations for the November period that includes the crucial Black Friday sales.

The $178 billion fast fashion giant also reported on Wednesday sales of 9.8 billion euros ($11.41 billion) for its third quarter ending October 31, higher than the 9.69 billion euros expected by analysts according to an LSEG estimate.

The results from Inditex, seen as a bellwether for the global fast fashion sector, provide a first glimpse into how successful the key Black Friday sales weekend was for retailers.

The strong sales growth in the period from November 1 to December 1 compared to a year ago marked an acceleration from the nine-month currency-adjusted growth rate of 6.2%, an encouraging sign for the fourth quarter, its biggest in terms of revenues.