Indian beauty retailer Nykaa is facing mass management exits, with five of its senior executives calling its quits at the Mumbai-headquartered company.…
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Puig Asia revenues up 41 percent in 2022, reinforces India presence
Puig said global revenues for 2022 increased by 40 percent to EUR 3.62 billion euros (USD 3.9 billion), coinciding with a double-digit surge in its Asia market, as the company reinforced its presence …
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…
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.…
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…
Dior to take its next fashion show to Mumbai
French luxury fashion house Christian Dior is heading east for its next fashion show, choosing India to showcase its pre-fall 2023 collection this month, in the west of the country.…
Gabriela Hearst expands in South Korea with second Seoul location
American designer brand Gabriela Hearst announced on March 14 the opening of its second retail residence in South Korea, as part of a partnership with Handsome Corp, a fashion unit of local major reta…
Kering Eyewear acquires French manufacturing company UNT
Kering Eyewear, part of the French luxury conglomerate Kering Group, announced on March 13 it has acquired a 100-percent stake in French company UNT (Usinage and Nouvelles Technologies), as it looks t…
Tod’s 2022 sales resilient on dip in Greater China
Italian luxury company Tod’s Group announced on March 13 consolidated sales for the year 2022 were up 14 percent to EUR 1.007 billion on 2021, and up 10 percent compared to pre-pandemic levels in 2019…
Nike reveals new Asia-Pacific head among management hires
Nike Inc. revealed last week a slew of management hires including a new general manager of its women’s division and a new Asia-Pacific Latin America (APLA) chief, as the U.S. sportswear giant ad…