French luxury group LVMH has persuaded U.S. jewelry chain Tiffany & Co to provide it with confidential due diligence after it raised its bid to close to $16 billion, people familiar with the matt…
Coty purchases Kylie Jenner’s beauty business
Fragrance and cosmetic company Coty Inc. announced that it will purchase a 51% stake in Kylie Jenner’s beauty business—which includes Kylie Cosmetics and Kylie Skin—for $600 million.…
Nike quits Amazon
Nike will stop selling merchandise directly to Amazon, as part of its push to sell more directly to consumers, the company confirmed to CNBC.…
MINISO x Marvel IP store opened in Egypt
On 14th November, 2019, the MINISO x Marvel IP store was opened in Cairo Festival Shopping Center in Egypt.…
Yahoo Japan merges with Line
The operator of Yahoo Japan, Z Holdings Corp. (ZHD), said it was negotiating a merger with free messaging app provider Line Corp.…
Lazada has a record-breaking Singles’ Day
Southeast Asia’s leading e-commerce platform Lazada concluded yet another record-breaking 11.11 Global Shopping Festival, with close to 10 million more users and more than double the number of s…
How is Taiwan’s Singles’ Day sales doing?
As Singles’ Day sales mania gripped Taiwan on 11 Nov., the websites of online retailers PChome, Shopee, and Momo all crashed at various points during the day, while many sites set records for sa…
Retailing through uncertainty: Leading with data
This year, the internet economy in South East Asia soared to $100 billion – more than triple its size four years ago – and is expected to triple again by 2025.…
Facebook reveals new logo
Facebook has changed its corporate logo to a minimalist rendering of the Facebook name.…
Steven Madden partners with Valiram for a boutique store in Malaysia
Luxury travel retailer Valiram has partnered with footwear and fashion accessories specialist Steve Madden to open the brand’s first store in Malaysia.…