South Korean e-commerce retailer Coupang has announced it will acquire the business and assets of online luxury platform Farfetch, a move that positions Coupang — often referred to as the Amazon of So…
South Korean e-commerce retailer Coupang has announced it will acquire the business and assets of online luxury platform Farfetch, a move that positions Coupang — often referred to as the Amazon of So…
European luxury jeweller Swarovski has bowed it first-ever flagship store South Korea this December, selecting the nation’s capital Seoul to make the debut.…
Duty free retail sales nationwide (excluding inflight retail) reached KRW1,329,247,041,579 (USD1.02 billion) in October, up just over +0.14 percent over September.…
Japan’s Nitori Holdings has opened its first store in South Korea, as the furniture retailer accelerates its expansion plans across Asia, and outside its native Japan.…
British luxury marque Burberry said revenues for the first half rose 4 percent to GBP 1.396 billion (USD 1.74 billion), with Asia Pacific sales up double digits for the 26-week period, despite a slowd…
The new SME player claims to have brought a new, cross-border chapter to a market driven mainly by major duty free operators such as The Shilla Duty Free, Lotte Duty Free and Shinsegae Duty Free.…
The total South Korean market by channel continued to be dominated by the downtown sector, which generated KRW1,114,339,623,823 (USD826.8 million) in revenue, representing 84 percent of the market on …
LDF House is a space designed to provide customers with a differentiated experience and present what Lotte Duty Free called ‘a new paradigm’ in duty free shopping.…
Italian luxury brand Aspesi is homing in on its Asia-Pacific operations, with plans to open 35 points of sale in South Korea by 2026. …
U.S. footwear brand Allbirds has finalised its new partnership with South Korean distributor, EFG Corporation, as the sustainable brand shifts from a direct go-to-market model to third-party distribut…