Following its recent opening in Dubai Hills Mall in February 2022, Chinese apparel brand balabala expands its footprint in the Middle East with the opening of its first store in Qatar. Its franchise p…
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China skincare market poised for 5.1 percent CAGR growth to 2026
Skincare sales are anticipated to resurge in China. According to GlobalData’s ‘China Skincare Market Size by Categories, Distribution Channel, Market Share and Forecast, 2021 to 2026’, the skincare ma…
Cartier reopens flagship store in Chengdu, China
Designed by Laura Gonzalez, the newly renovated Cartier flagship store in Chengdu covers over 970 square meters. There are two exclusive spaces for clients, a unique Tea house and an experiential spac…
Kering Q1 sales down seven percent in Asia-Pacific as Japan remains flat
On 21st April, French luxury group Kering Group announced a 27 percent sales uptick for its recently ended first quarter, a growth rate partially slowed by stagnant revenues in Japan and a quarterly …
Workman targets US$466 million in footwear sales
According to JapanConsuming, Japanese apparel brand Workman plans to go after the lower end of the footwear market as it launched Workman Shoes. The company opened its first store in Osaka earlier thi…
Indonesia’s spirits market to grow at 12.4 percent CAGR through 2026
According to a recent report released by GlobalData, Indonesian spirits market is projected to grow from IDR4,171.6 billion (US$290.8 million) in 2021 to IDR7,491.5 billion (US$495.1 million) in 2026,…
Diving into the offline multi-brand beauty store boom in China
In China’s highly competitive cosmetics industry, some new models of offline multi-brand beauty stores have emerged one after another, boosting cosmetics consumption, and gradually eroding market shar…
China set to become L’Oréal’s largest market
China is expected to become the world’s largest market for L’Oréal, with its performance increasing by more than 20 percent in the last two consecutive years. The beauty Group held its “25th Ann…
Sephora expands footprint and debuts in Vietnam
Beauty retailer Sephora has entered the Vietnamese market with a dedicated ecommerce store after an initial trial period of five months, reported the Voice Of Vietnam.…
K11 enters Mainland China asset-light market
K11 Group announced that its wholly-owned subsidiary, Shenzhen Xinyisi Business Service Company Limited, has been awarded the tender to provide management services for the commercial portion of the pr…