Korea’s No. 1 search engine Naver is continuing efforts to discover the next “Line.”…
In Trends
L Catterton invests in Japanese cosmetic brand ETVOS
ETVOS Co., Ltd. announced an investment from the Asia fund of L Catterton, the largest and most global consumer-focused private equity firm.…
Puma suspends 2019 dividend
Puma, German sportswear retailer, decided to suspend its 2019 dividend due to the coronavirus pandemic. …
Xiangtai Food acquires Chongqing Jinghuangtai
China Xiangtai Food Co. Ltd., announced that the company entered into a definitive agreement to acquire a 51% controlling interest in Chongqing Ji Mao Cang Feed Co., Ltd.…
Pinduoduo announces private placement of $1.1 billion
Pinduoduo Inc., a Chinese technology platform, announced that certain long-term investors have agreed to purchase through a private placement a total of US$1.1 billion.…
L’Oréal acquires Mugler and Azzaro perfumes
L’Oréal has finalized the acquisition of the Mugler brands and Azzaro fragrances from Clarins Group, in accordance with the terms announced on 21 October 2019.…
Australia’s Myer to temporarily close all stores, stands down retail staff
Australian department chain Myer has temporarily close all its domestic stores, acting as a health precaution to the Covid-19 pandemic sweeping the globe.…
New dates announced for Tokyo 2020 Olympics
The Olympic Games Tokyo 2020 will be celebrated from 23rd July to 8th August 2021 and the new dates for the Paralympic Games will be celebrated from 24th August until 5th September 2021.…
Lululemon sales hit $4 billion dollars in 2019
Luxury activewear brand Lululemon said the total revenues for full-year 2019 hit $4 billion, on the back of double-digit sales growth in the fourth quarter.…
SMCP sees 2019 sales jump 11% on surging international sales
China-owned SMCP reported a double-digit uptick in its full-year sales for 2019, on the back of surging international sales growth and solid sales in France.…