New York luxury jeweller Tiffany & Co. has named Hector Muelas, chief brand creative officer, as the LVMH-owned firmed reveals a new rose gold collection inspired by Blackpink’s Rosé.…
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Korean duty free sales in May underline key market pressures
Latest figures for the Korean duty free market – historically the world’s biggest – reflect a complex and changing landscape. May results from the Korea Duty Free Association reveal that […]…
Ahead of rebrand, Esprit announces annual financial results
Esprit Holdings has announced its annual results for 2022, ahead of the launch of its rebrand set for sometime mid-2023.…
Korean duty free sales rise in February as ‘daigou’ business revives
Duty free sales in the world’s biggest duty free market surged almost 37 percent month-on-month from a troubled January to KRW1.09 trillion (USD838.9 million) in February, according to the Korea Duty …
Naver completes acquisition of Poshmark
Naver Corp., Korea’s largest internet company, announced last week the completion of its previously-announced acquisition of Poshmark, Inc. SEE ALSO: Investors skeptical over Naver Corp.’s USD 1.2 bil…
Shinsegae inks distribution deal with Laura Mercier in South Korea
French beauty brand Laura Mercier has inked an agreement with Shinsegae International, for the distribution of its cosmetics and skincare in South Korea. SEE ALSO: Indian conglomerate Tata plans to op…
Korea retail sales up 7 percent in October, duty-free footfall on the rise
South Korea retail sales lifted 7.3 percent in October, as more people ventured outdoors and demand for various services grew, on the back of eased Covid-19 restrictions. SEE ALSO: Prices hike [……
Prices hike 2 – 7 percent for imported DF cosmetics brands in Korea
The sale price of imported cosmetics such as Shu Uemura, YSL, Lancome and Biotherm is expected to rise by up to 7.4 percent in Korea. SEE ALSO: Lotte Duty Free […]…
Lotte Duty Free launches LDF Original Series with Korean boy band
Lotte Duty Free today started its big-budget global marketing and branding campaign of original video content, the LDF Original Series. The campaign is designed to boost duty free shopping and reinfor…
Hermès opens first store in South Korea’s Pangyo
In October, French luxury house Hermès opened its first store in South Korea’s Pangyo, known as the advanced technology hub in the Asian nation.…