This February, Brazilian footwear giant Alpargatas, owner of Havaianas, released its earnings report for Q4 2021 and for the full year. The annual revenue rate increased 3.5-fold, driven by Havaianas,…
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L’Oréal North Asia sales lift 18 percent in 2021
French cosmetics giant L’Oréal Group announced record sales growth in 2021, on the back of strong growth in North Asia and a recovery in China.…
Kering announces sale of Girard-Perregaux and Ulysse Nardin divisions
On 24th January, Kering announces the signature of an agreement to sell its entire stake in Sowind Group SA, which owns the Swiss watch manufacturers Girard-Perregaux and Ulysse Nardin, to its current…
E-commerce aggregator Rainforest achieves US$30 Million revenue in first year of operations
Rainforest, one of Asia’s e-commerce brand aggregator focusing on brands and products for the modern mum, announced that it has achieved US$30 million annualised revenue after its first full yea…
Chinese government issues official mark for children’s cosmetics products
To enhance the supervision and protect the consumers, the National Medical Products Administration (NMPA) in China issued an official mark for children’s cosmetics products on 29th November 2021…
Frasers Group to increase stake in Mulberry
Frasers Group announced its acquisition of 4.3 million ordinary shares in Mulberry Group Plc from Kaupthing ehf at US$1.98 per share.…
Lamborghini appoints new Region Director for Asia Pacific
Automobili Lamborghini announced the new leadership change for its Asia Pacific region.…
Gucci goes seasonless
Alessandro Michele posted on Gucci’s Instagram a statement to announce that Gucci is going seasonless.…
GU to close all stores in South Korea
GU has announced its decision to shutter all three of its stores in South Korea and cease store operations in the country.…
Dufry announces cancellation of 2020 dividend payment
The world’s duty free retailer Dufry announced a set of initiatives to strengthen its capital structure and liquidity position. …