France’s Sephora has opened its largest store to-date in Malaysia, as the cosmetics retailer homes in on the Southeast Asian nation.…
Starbucks opens first Starbucks Reserve store in Penang
American coffee chain Starbucks has opened its first Starbucks Reserve store in Penang, taking its Malaysia store count of the more specialised Starbucks offering to 12.…
Moda Operandi inks $100 million in funds
Online luxury fashion company Moda Operandi has inked $100 million in funds, as part of the retailer’s latest capital raising efforts.…
StockX sells more than $1bn in GMV in 2019
U.S. streetwear marketplace StockX said it surpassed $1 billion in gross merchandise value (GMV) in 2019, growing global customer registrations by more than 100% during the 12-month period.…
Thailand’s Pomelo acquires Looksi
Thailand-based fashion e-commerce Pomelo has completed its acquisition of Central Group-owned Looksi, a smaller e-commerce platform in Thailand.…
Japan’s convenience store sales hit record high in 2019
Japan’s convenience store sales rose to record heights in 2019, on the back of government efforts to facilitate consumer spending to offset the impact of a recent tax increase.…
LVMH appoints head of the hospitality and restaurants division
France’s LVMH Group has reportedly recruited former Luxottica chief, Andrea Guerra, to head up its hospitality and restaurants division, sources told Reuters.…
David Jones to shutter Brisbane boutique store
Australian luxury department store David Jones has closed its Brisbane boutique store, as parent company Woolworths Holdings Limited attempts to turnaround the lossmaking retailer.…
Louis Vuitton chooses Osaka in Japan for its first restaurant
France’s LVMH Group has announced plans to open its first-ever Louis Vuitton café and restaurant in Japan, Osaka, located inside the luxury brand’s biggest flagship store to-date.…
Zara takes away TRF section online
Inditex-owned Zara has taken down its TRF section on its e-commerce platform, as the Spanish fast-fashion giant upgrades it online efforts in bid to maintain growth and industry relevance.…