British denim and apparel brand Superdry announced it has sold its brand in the Asia-Pacific region to South Korean company, Cowell Fashion Company.…
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Nike Greater China sales slip further, APAC region growth slows
Nike Inc. announced revenues for its recently ended third quarter increased 14 percent to USD 12.4 billion compared to the prior year, or up 19 percent on a currency-neutral basis, with sales in its A…
Kering ponders the future of sustainable luxury, releases progress report
Global luxury group Kering, which owns fashion and jewelry houses including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, and Boucheron, has released the results of its sustainability progress rep…
What to know about Southeast Asia’s ‘hyperconsumers’
Spanning 11 countries and composing 8.58 percent of the world’s population, Southeast Asia has grown into a force to be reckoned with when it comes to retail and e-commerce. From […]…
Isetan-Mitsukoshi’s Iwataya opens Lounge S, a new space for VIP clients
Iwataya, an Isetan-Mitsukoshi controlled department store in Fukuoka, has set up a new Gaisho (VIP) lounge designed to cater to its wealthiest 300 clients, including those in their 20s and […]…
Moschino’s Jeremy Scott departs
Aeffe Group, the brand’s parent company, said Scott is leaving his post after a 10-year tenure at the helm of the pop-culture fashion label. No successor has been named.…
Thailand’s King Power extends Bangkok duty free presence with major downtown and airport projects
King Power International plans to unveil two major duty free store projects in Bangkok at a cost of THB3 billion (USD87 million), the company has confirmed.…
L’Occitane Group’s Grown Alchemist enters Asia Pacific travel retail
Founded in Australia in 2008, clean beauty brand Grown Alchemist has found its niche among millennial and Gen Z shoppers in recent years. L’Occitane Group looks to capitalise on its […]…
Cucinelli Asia posts 24 percent growth in 2022 as China thrives
Brunello Cucinelli reported net revenues of EUR 919.7 million (USD 983.75 million) for the year 2022, with 29.1 percent growth at current exchange rates, and 24.8 percent at constant exchange rates, a…
China’s perfume market: What brands should focus on in 2023
As Chinese consumers become increasingly educated about perfume and self-indulgence, a growing demand has emerged in the perfume market.…