Cosmetics giant Estée Lauder Companies recorded a 17 percent decline in total sales to USD 4.62 billion for the second quarter ending December 31, on the back of a steep sales increase in its Asia reg…
Cosmetics giant Estée Lauder Companies recorded a 17 percent decline in total sales to USD 4.62 billion for the second quarter ending December 31, on the back of a steep sales increase in its Asia reg…
South Korea’s Amorepacific Group announced on February 1 its net profit plunged nearly 50 percent in 2022, on the back of slowing consumption in China and impeded travel retail sales.…
The cosmetics giant saw Asia-Pacific sales growth of 2.7 percent at reported rates and a decline of 0.6 percent at constant rates during the nine-month period ending December 31.…
Beauty giants Shiseido and L’Oreal, as well as luxury behemoth LVMH, are reportedly in the running for stake in the high-end cosmetic brand, Aesop, that could value the Australian brand at USD 2…
Using the CBRE Research 2023 Asia-Pacific Retail Survey issued this month, Retail in Asia breaks down the key trends for APAC retailers and brands in 2023.…
Swedish fast-fashion giant H&M Group announced on January 27 sales for its Asia and Oceania region lifted 11.7 percent, to SEK 29.4 billion (USD 2.8 billion), for the period 1 December, 2021 to 3…
LVMH said its Asia region revenues remained “stable” during 2022, compared to 2021, due to developments in the health situation in China.…
Troubled Singapore e-commerce start-up Zilingo has reportedly offload its tech assets to Swiss e-commerce company Buyogo AG, along with its Sri Lanka-based acquired entity nCinga Innovations, as the S…
Italian fashion houses Tod’s S.p.A and Ermenegildo Zegna group reported their full-year 2022 results on January 25, citing double-digit declines in their respective Greater China markets, on the…
Hong Kong luxury watch consignment retailer Wristcheck has raised USD 8 million in a seed funding round led by Gobi Partners GBA, and the AEF Greater Bay Area fund.…