South Korea’s duty-free giants prepares to compete on the larger global consumer market, as permission has been granted to provide online malls to foreign citizens.…
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Lotte Duty Free closes COEX store after 12 years
Lotte Duty Free today announced that it is quitting its long-standing COEX store in Gangnam, Seoul after 12 years of operation.…
Luxottica and Dolce&Gabbana renew license agreement
Luxottica Group and Dolce&Gabbana renewed license agreement for the development, production and worldwide distribution of Dolce&Gabbana.…
Prada and L’Oréal sign a long-term license agreement
Prada S.p.A. and L’Oréal announce the signing of a long-term license agreement for the creation, development, and distribution of luxury beauty products for the Prada brand.…
Korean duty-free shop license extended by up to 15 years
Duty-free shop operators will be allowed to maintain their business licenses for up to 10 years instead of the conventional five-year limit, a related government task force said.…
Burberry licenses its fragrance and make-up brands to Coty
Burberry Group Plc is licensing its fragrance and make-up brands to cosmetics manufacturer Coty Inc., handing over management of a business that has weighed on earnings and held back growth.…