South Korea e-commerce sales are forecast to register a strong compound annual growth rate of 7.7 percent over the next four years, to reach KRW 202.6 trillion (USD 160.4 billion) in 2027, as the Asia…
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Shiseido H1 sales upheld by return to growth in China and Taiwan, Japan still shines
Japanese cosmetics giant Shiseido revealed a 0.2 percent sales in uptick for the first half 2023 to JPY 494.2 billion (USD 3.45 billion), on the back of double-digit increases in China and Japan.…
Zimmermann majority stake acquired by Advent International
Australian luxury fashion brand Zimmermann has been acquired by private equity investment firm Advent International, as the Sydney-based label looks to accelerate its international expansion in existi…
Ferragamo first-half sales fall on Asia Pacific, Japan declines
Italy’s Salvatore Ferragamo announced first-half 2023 revenues totalled EUR 600 million, down 4.8 percent, on the back of double-digit digit declines in Asia Pacific and Japan, respectively.…
Adidas Q2 sales flat on last year, Greater China up 16 percent
German sportswear giant Adidas revealed second quarter revenues were flat versus the prior-year level at EUR 5.34 billion (USD 5.89 billion), as top-line development continued to be impacted by the co…
Aeffe Group H1 sales down despite 10 percent uptick in Asia
Italy’s Aeffe Group announced revenues of EUR 162.9 million (USD 177.8 million) in the first half of 2023, down 7.7 percent, with plummeting sales in Europe and the Americas only partially offse…
Hugo Boss posts ‘superior’ sales growth in Asia Pacific
Luxury brand Hugo Boss reported second-quarter sales increased 20 percent to EUR 1.03 billion (USD 1.13 billion), on the back of double-digit growth across all brands, regions, and channels.…
Revlon CEO steps down
Cosmetics giant Revlon Inc. has announced the departure of Debra Perelman from the role of chief executive officer of the New York-based company, effective immediately.…
Walmart increases stake in India’s Flipkart
U.S. retail giant Walmart has reportedly increased its stake in Indian e-commerce firm Flipkart by buying out hedge fund Tiger Global and venture capital firm Accel’s remaining stakes.…
L’Occitane International could be going private
L’Occitane International is considering a move to go private, as the skincare company’s largest stakeholder looks to buy up even more shares in the Hong Kong-listed company, according to a repor…