The Chinese hot drinks market is projected to grow at a compound annual growth rate (CAGR) of 9.4 percent from RMB 212.5 billion (US$30.8 billion) in 2020 to RMB 332.4 billion (US$48.9 billion) in 202…
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Carousell Group acquires Ox Street
Carousell Group announced that it has acquired Ox Street, an end-to-end marketplace for authenticated sneakers and streetwear in Southeast Asia.…
K-beauty strengthens its presence in Vietnam
South Korea’s beauty items are hot in Vietnam, strengthening its dominance versus Japanese and European brands through digital channels.…
Richemont announces financial results
Swiss luxury goods group Richemont reported a strong trading in the first quarter ended 30th June 2021 with Group sales up by 121% at actual constant exchange rates compared to prior year. …
Ralph Lauren to sell the Club Monaco brand
Ralph Lauren Corporation announced the sale of the Club Monaco brand to global private equity firm Regent, L.P.…
Rosewood Hangzhou to open in 2025
Rosewood Hotels & Resorts® continues its strategic growth in China with the announcement of Rosewood Hangzhou opening in 2025. …
6IXTY8IGHT reaches over 350 stores in Asia
Asia-based fashion lingerie brand 6IXTY8IGHT continues to strive for business growth and market expansion online and offline, despite the pandemic impacts on retail industry.…
What makes China the biggest economy in the world, despite Covid-19?
With China being the only major country to grow its GDP in 2020, economists all over the world have been dialling up their forecasts of China’s relative might in the years ahead.…
Australia retail sales surge 13% in November
After a stagnant year for retail in Australia, the nation’s leading retail body announced double-digit retail revenue growth for the month of November.…
China’s share of global luxury market reaches new high
Following a slow start to luxury sales in China due to Covid-19 lockdowns, spending on luxury in the country has rebounded strongly as restrictions to global travel have pushed Chinese consumers to ma…
