Firmus Partners With Nvidia to Deliver 170,000 AI GPUs in $30 Billion Cloud Infrastructure Deal 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
Doncasters Raises $919 Million in NYSE IPO as Aerospace Growth Accelerates 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
Kakaku.com Shares Rise as Bain Capital and LY Corp Prepare Higher Takeover Bid Than EQT 
SoftBank Shares Slide as OpenAI IPO Delay Concerns Weigh on AI Investment Outlook 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Europe Heatwave Creates Growth Opportunity for Carrier, Trane, and Johnson Controls, Citi Says 
Amazon Prime Day 2026 Sales Top $26.4 Billion as Shoppers Chase Discounts Amid Inflation 
Italy Investigates Microsoft Over Microsoft 365 AI Subscription Price Hike 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Samsung, SK Hynix to Unveil $1.3 Trillion AI and Semiconductor Investment Plan 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
Thom Browne luxury fashion brand based in New York City, will create its own firm in South Korea. It expressed its intention to establish a new company to get a bigger share of the country’s fashion market.
Thom Browne’s move to open a new company was reportedly confirmed by officials of Samsung CT on Friday, Jan. 27. This is a move for the brand to have firmer control of its trade in the region.
According to Yonhap News Agency, the Italian fashion house Ermenegildo Zegna NV, which owns the Thom Browne brand, said it would build a new firm that will be called Thom Browne Korea. The target date for its inauguration is on July 1.
Thom Browne will directly run its business, while Samsung C&T Corporation will be providing some external support this time. To be more specific, the Korean firm will only help with the distribution and management of the brand’s 17 stores in the country.
The arrangement comes after Thom Browne ended its partnership deal with Samsung C&T, the trading and construction unit of the Samsung Group. For the past 12 years, it has been the exclusive distributor of the Thom Browne fashion line in the Korean market.
FashionUnited reported that after taking over the business from Samsung C&T, Thom Browne Korea would continue the business by taking responsibility for all the trade activities. But then, it will still work together with the trading and construction firm through its new retail management agreement.
Meanwhile, it was in 2011 when Thom Browne’s label first landed in South Korea after opening its store in Hyundai Department Store in Seoul. It gradually opens more branches in leading shopping malls, including the Lotte Main and Shinsegae Department Store in Gangnam.
"The form of the contract may have changed between Samsung CT and Thom Browne but our partnership will remain unchanged," an official from Samsung CT said.
Photo by: freestocks/Unsplash
