Hotel Shilla, which operates luxury hotels and duty-free shops, expands its hotel business this year by opening new facilities at home and abroad in a bid to reduce its reliance on duty-free sales, an…
Hotel Shilla, which operates luxury hotels and duty-free shops, expands its hotel business this year by opening new facilities at home and abroad in a bid to reduce its reliance on duty-free sales, an…
LG Household & Health Care Ltd., a major South Korean cosmetics company, signed a deal to acquire Physiogel business rights for the Asian and North American regions from British pharmaceutical fi…
Forever 21 has been acquired by a business consortium lead by Authentic Brands Group, rescuing the bankrupt fast fashion retailer from permanent closure.…
Gap Inc. said its Old Navy apparel brand would cease operations in China by the end of the month, following the news that the U.S. retail group has decided not to spin-off the retailer into a separate…
Heinemann Australia has extended its duty free partnership with Sydney Airport for another eight years until 31st December 2029.…
Fast Retailing Co., Ltd. announced that its Group companies UNIQLO and GU will begin charging for shopping bags at all stores in Japan from 1st April.…
Shinsegae Duty Free’s sales surged ahead in Q4 2019 by +34.6 percent year-on-year to KRW868.1 billion (US$738.0 million).…
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…
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.…
Sustainable footwear brand Allbirds announced it has appointed Nancy Green, currently chief creative officer of Old Navy, to its board of directors, effective 10th February.…