U.S luxury fashion brand Ralph Lauren on November 10 reported better-than-expected revenues for the second quarter, coinciding with double-digit revenue growth in its Asia region. The New York-based c…
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Richemont Asia sales up 3 percent as region returns to growth
Swiss luxury conglomerate Richemont announced on November 11 revenues for the six months ending September 30 surged 24 percent to EUR 9.7 billion (USD 10.06 billion). The owner of Cartier, […]…
Central Group to open Lamarr department store in Vienna in 2024
Thailand’s Central Group announced on November 8 it has partnered with Signa to open the new luxury department store, Lamarr, in Vienna, Austria, in 2024. Designed by architects O.M.A., the […]…
Gap Greater China acquired by Baozun
U.S. apparel retailer Gap Inc. has sold its Greater China business to local e-commerce company Baozun Inc., both companies confirmed via separate statements on November 8. China’s Baozun said it…
Capri sees Versace Asia sales lift in Q2, Jimmy Choo, Michael Kors down
Capri Holdings Inc. announced on November 9 global revenues for the second quarter increased 8.6 percent, despite sales declines in Asia across its Jimmy Choo and Michael Kors brands, partially [̷…
Crocs APAC revenues up 65 percent
American footwear giant Crocs Inc. announced on November 3 that global revenues for the recently ended third quarter increased some 57 percent, on the back of double-digit sales gains in […]…
Puma CEO to lead Adidas next year
Adidas announced on November 4 that it is in talks with Puma’s soon-to-departed chief executive officer, Bjorn Gulden, as the German sportswear giant looks for a successor to replace Kasper Rorsted [&…
Chinese resale site Plum raises USD 100 million in funding round
Chinese luxury fashion resale platform Plum, also known as Hongbulin, has inked USD 100 million in a series C funding round backed by second-hand trading platform, ZhuanZhuan Group, the company [̷…
Estee Lauder APAC sales down 15 percent
U.S. cosmetics giant Estee Lauder Companies announced on November 2 revenues for the first quarter totalled USD 3.93 billion, a decline of 11 percent from USD 4.39 billion in the prior-year period, co…
South Korea retail sales up 7.5 percent in September
Retail sales in South Korea increased 7.5 percent year-on-year for the month of September, as more people ventured outdoors amid eased antivirus curbs, data showed on October 31.…