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…
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Zegna, Prada and Tod’s post double-digit H1 sales growth on Asia return
Italian luxury groups Zegna, Prada, and Tod’s all posted double-digit sales growth, respectively, for the first-half ending June 30, held up by equally large sales growth in Asia, as the region …
Hermès H1 sales surge 22 percent on ‘exceptional growth’ in Asia
Hermès announced consolidated revenue in the first half of 2023 amounted to EUR 6.7 billion (USD 7.4 billion), up 22 percent at current exchange rates, on the back of “exceptional growth” …
L’Oréal H1 revenues up 12 percent, North Asia sales flat
L’Oréal announced first-half sales for 2023 totalled EUR 220.57 billion (USD 242.88 billion), up 13.3 percent like-for-like and up 12 percent on a reported basis, with sales up double-digits in …
Valentino reveals leadership shakeup
Italy’s Valentino has announced a reshuffling of its C-suite, as the luxury brand looks to reposition its brand, grow its e-commerce business and expand its presence globally.…
Puma clocks 11 percent sales uptick on APAC growth including Greater China
German sportswear giant Puma clocked an 11 percent sales increase to EUR 2.12 billion (USD 2.36 billion) for the second quarter, driven by strong growth in EMEA and APAC, including Greater China.…
Louis Vuitton H1 sales skyrocket 15 percent on Asia, DFS returns to profit
LVMH Group recorded revenue of EUR 42.2 billion (USD 46.76 billion) in the first half of 2023, up 15 percent, thanks to strong growth in Asia, offsetting smaller gains in the U.S.…
From Versace to Starbucks, global brands continue to tap into South Korea’s star power
International luxury brands Versace and Cartier are the latest duo to tap K-pop stars as global brand ambassadors of their respective marques, as a growing number of premium brands look to South Korea…
Alibaba injects USD 845 million into Lazada
China’s Alibaba has invested some USD 845 million into its Southeast Asian e-commerce unit Lazada, as the e-commerce giant looks to make further inroads in the region.…
South Korea’s Musinsa inks USD 190 million in funds
South Korean online fashion platform Musinsa announced it has inked USD 190 million in a Series C funding round lead by global investment firm KKR, with participation from Wellington Management.…