Indonesian online beauty retailer Sociolla has opened ten physical store locations this month across five major cities — Jakarta, Tangerang, Bandung, Bogor, and Surabaya, as the e-commerce majo…
Italian investment firm Style Capital acquired majority stake in Australia’s Zimmermann
Italian investment firm Style Capital has acquired majority stake in Australia’s Zimmermann. …
Dior to present next men’s show in Beijing
French fashion maison Dior revealed its next menswear show taking place in Beijing, China, according to fashion media outlets.…
JD.com, Blackstone looking to acquire Fancl’s Asia distributor
Fancl Corp is currently being considered for purchase by up to ten suitors, including JD.com and Blackstone, according to a Reuters report.…
Australian retail sales rally in October ahead of Holiday season
After a dire August and September, Australia’s retail sales rallied in October, with revenues in the Oceania nation lifting 1.6 percent month-on-month, just ahead of the all-important Holiday season.…
Millennials, Gen Z to make up more than half of luxury sales in 2025
The personal luxury goods industry has recorded its largest sales drop on record this year, falling by 23 percent at current exchange rates to hit US$256 billion, according to a recent report.…
China’s Happay inks US$10 million injection from Australian investment firm
Chinese buy-now-pay-later company Happay announced it has secured a US$10 million investment, thanks to a funds injection by Australian investment firm, AP Ventures.…
Japan’s Tokyu department store to close Bangkok location
Japanese department store Tokyu is set to shutter its Bangkok location for good, according to Japanese media reports, resulting in it quitting the Thai market after more than 35 years in the nation.…
Natura & Co. reports 31% sales uptick in Q3, raises $1 billion in funding round
Natura & Co. reported strong growth in revenue during the third quarter, outperforming the global cosmetics, fragrance and toiletries (CFT) market, thanks to strong sales gains across all brands.…
CJ Express Group to open 200 CJ Supermarket, 50 CJ More stores annually until 2024
Thailand retail giant CJ Express Group announced plans to rollout hundreds of new stores annually for the next three years.…