Damac Properties has refused to comment on reports linking the company with a takeover of luxury fashion brand Roberto Cavalli.…
In Trends
Global beauty brands target Korea
Global fragrance and cosmetics players are entering Korean duty free shops to target increasing opportunities and use Korea as a “test bed” for Asian expansion, industry officials said.…
What’s new at Vestiaire Collective?
Vestiaire Collective, the global community for luxury and premium pre-owned fashion, announced the completion of a €40 million round of financing led by Bpifrance and new CEO, Max Bittner.…
BTS x Uniqlo collaboration
Expect long lines, and perhaps a stampede, at Uniqlo stores around the world as the Japanese company debuts a capsule collection with K-pop supergroup BTS.…
Facebook launches cryptocurrency
Facebook has announced a digital currency called Libra that will allow users to make financial transactions across the globe.…
Lotte Duty Free outperforms its annual overseas sales in 2018
South Korea’s top travel retailer Lotte Duty Free expects to outperform its annual overseas sales goal of 700 billion won (US$591 million).…
How much do overseas travelers spend in Korea?
Shopping has been the biggest reason in bringing foreigners to South Korea, leading them to spend an average US$653 during their stay, a poll on visitors revealed.…
Global Fashion Group reveals share price
Emerging market-focused e-commerce firm Global Fashion Group has announced the pricing range for its planned IPO with the offering set at between €6 and €8 per share.…
Chanel dismisses rumours of sale
“Chanel is not for sale, Chanel is not preparing for an IPO, I just want to reconfirm that for the hundredth time this year,” Philippe Blondiaux said.…
Lululemon reports double-digit revenue growth
Canada’s Lululemon Athletica said net revenue in the first quarter was $782.3 million, an increase of 20%, with strong online growth driving the double-digit gains.…