Moncler Group announced on October 26 revenues for the first nine months totalled 1.56 billion euros (USD 1.55 billion), an increase of 32 percent at current exchange rates.…
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L’Oréal North Asia revenues up 11 percent in Q3
Global beauty giant L’Oréal announced on October 20 that total revenues for its recently ended third quarter came in at 9.58 billion euros (USD 9.36), up 19.7 percent.…
Burger chain Five Guys to enter South Korea
Five Guys will open its first Seoul branch early next year at Hanwha Galleria. With the hashtag “(Five Guys) finally landed in Korea”, Kim Dong-sun, head of strategic management at Hanwha Galleria, po…
Investors skeptical over Naver Corp.’s USD 1.2 billion purchase of Poshmark
Fashion resale platform Poshmark Inc was recently acquired for USD 1.2 billion by Naver Corp. The purchase has raised doubts among investors who have questioned the timing of the deal amid a slowing e…
10 major channels influencing Asia’s luxury shopper in 2022
The way Asian shoppers are influenced when making luxury purchases in 2022 has transitioned from more traditional channels to digital marketing methods. According to Bluebell’s Asia Lifestyle Consumer…
Like it or not, the influencer marketing trend is here to stay
In a world where marketers are tasked with engaging consumers across a growing abundance of channels and platforms, it can be challenging to establish relationships that feel genuine and personal. And…
Apple to open fourth South Korea store
U.S. tech giant Apple is set to open its fourth store in South Korea this month, expanding its presence in the country to compete with local rival Samsung Electronics Co. Dubbed ‘Apple Jamsil’, the co…
Vietnamese smart city to be built by Lotte Group
The Lotte Group is in the process of building facilities as part of its Eco Smart City project in Vietnam. With this project, the company will build its smart logistic centre and buildings in an eco-f…
LVMH appoints new North Asia head
On September 1, LVMH Group announced the appointment of Michael Schriver as LVMH Group president North Asia, effective immediately.
In his new role, Schriver will be responsible for all the group’s op…