On 20th January 2020, The French Chamber of Commerce and Industry in Hong Kong and Macao hosted the 4th edition of the Luxury Symposium entitled “Disruption and challenges: Where luxury goes nex…
In Trends
Lotte Shopping to sell assets to shore up profit, focus now on online biz
Lotte Shopping Co., the operator of South Korea’s biggest department store and second-biggest discount store chain, said it will sell 30 percent of its 700 outlets as it strives to improve profi…
Marimekko 2019 sales up on strong APAC, Japan growth
Finnish lifestyle and design company, Marimekko, reported net sales growth of 12 percent in 2019, on the back of strong licensing revenue gains in Asia-Pacific and strong domestic retail and wholesale…
Designer Brands to launch new shoe, accessories brand with Jennifer Lopez
U.S. Designer Brands Inc. announced it has entered into partnership with singer and entrepreneur, Jennifer Lopez, for the creation and distribution of a new namesake footwear and accessories line.…
Alibaba releases its financial results
Alibaba Group Holding Limited announced its financial results for the quarter ended 31st December, 2019.…
Updates on Covid-19 : a global economic crisis
The domino effect of Covid-19 on the economy is global.…
Kering announces 2019 full-year report
François-Henri Pinault, Chairman and Chief Executive Officer, commented, “Kering delivered another year of sustained profitable growth in 2019, as total revenues significantly exceeded the 15-bi…
Permira acquires Golden Goose
Golden Goose, Permira and The Carlyle Group announced that a company backed by Permira funds has agreed to acquire Carlyle’s majority stake in Golden Goose.…
Centric Brands acquires Zac Posen
Centric Brands Inc., a leading lifestyle brands collective, announced the purchase of the Zac Posen brand and all related intellectual property previously held by Z Spoke, LLC.…
Moncler Asia, ROTW sales up 13% in 2019 on China, Korea gains
Luxury down jacket maker Moncler said total sales in 2019 increased by double-digits, on the back of equally strong sales gains in both Asia and the Rest of the World, especially China.…