Global and domestic direct-to-consumer e-commerce company ESW reported a 17 percent increase in cross-border online sales of luxury goods in the first half of 2022, despite diminishing consumer confid…
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Amorepacific ramps up US and Japanese expansion
With its flagship brand Laneige, South Korean cosmetics giant Amorepacific is rapidly expanding in the US and Japanese markets in hopes of repeating its early 2000s success in China and Southeast Asia…
McDonald’s Korea back on sale after six years
McDonald’s Korea, a wholly owned subsidiary of the American fast-food behemoth, is looking for a new owner, joining the latest burger chain sales frenzy in the country.…
Kering announces sale of Girard-Perregaux and Ulysse Nardin divisions
On 24th January, Kering announces the signature of an agreement to sell its entire stake in Sowind Group SA, which owns the Swiss watch manufacturers Girard-Perregaux and Ulysse Nardin, to its current…
Chanel reported an 18% revenue fall for the year 2020
Luxury fashion house Chanel reported an 18% revenue fall for the year 2020, hurt by the pandemic and consequent lockdowns, affecting its physical retail sales across the globe.…
Kering completes the sale of Puma
Kering announces the completion of the sale following an accelerated book building process to qualified investors only of approximately 5.9% of the share capital of Puma SE for a total amount of appro…
LVMH said to be offloading Pink Shirtmaker
Luxury retailer Pink Shirtmaker is reportedly up for sale, with parent company LVMH looking to offload the corporate menswear brand, as the demand for office wear during the Covid-19 pandemic declines…
Korean Air to sell its catering and duty-free business
Korean Air, Korea’s biggest carrier, said it will sign a deal soon to sell its in-flight catering and duty-free business to a homegrown private equity fund amid the growing impact of the coronav…
Ted Baker to sell London’s headquarters
Ted Baker exchanged contracts with British Airways Pension Trustees Limited in respect of the sale of the entire issued share capital of Big Lobster Limited.…
Tesco sells Malay, Thai business to CP Group
British supermarket chain Tesco agreed to sell all of its stores in Thailand and Malaysia to Thailand’s CP Group entities for an enterprise value of $10.6 billion. …