ALL - Retail in Asia

Mitsubishi Estate of Japan plans to construct fresh leisure and retail destinations in Karuizawa and Akasaka.…

PwC forecasts a return to growth for China’s luxury market from 2025, empowered by booming sub-segments and Hainan’s high growth potential. …

Alibaba is taking a minority stake in South Korea’s Ably, marking the Chinese giant’s latest investment in the Korean market.…

Malaysia e-commerce sales are set to surge 12.8 percent in 2024, as more consumers look to online shopping.…

Valentino reported a 5 percent decrease in 2023 revenues, partially offset by solid direct sales via its retail network.…

Kering reported a 11 percent dive in revenues for the first quarter, citing sluggish Gucci sales, especially in Asia Pacific.…

Heinemann Oceania will be responsible for the travel retailer’s operations in Australia, New Zealand and the Pacific.…

In South Korea, Chanel’s performance has surpassed Louis Vuitton to claim the top spot.…

Luxury perfume house Memo Paris unveils Memo Grand Hotel pop-up to Seoul, with plans to bring the pop-up to Hong Kong, Shanghai and Jakarta.…

DFS Group and Shenya Group’s project is expected to reach USD1.38 billion in annual sales and attract 16 to 18 million visitors per year by 2030.…