Luxury houses, streetwear and the Asian designers shaping global style.
British department store retailer Marks & Spencer will close a further 40 stores in its home market as it struggles to improve its bottom line. According to reports, M&S will announce which of its 140-strong full-store network will close on Wednesday UK time,…
Platinum Guild International (PGI) yesterday published the findings of its 2017 Platinum Jewellery Business Review revealing that three key trends – young consumers, bridal and self-purchasing – are emerging to contribute to platinum demand growth in 2018.…
Digital media has upended the beauty business, lowering barriers to entry for new brands built not on department store distribution and traditional marketing tactics, but on e-commerce and digital influence. In recent years, a slew of new digital-first beauty…
Double-digit growth in Mainland China, Hong Kong, Korea and Macau have helped boost sales for Swiss luxury goods group Richemont. Results for the year to the end of March show Richmont sales grew by 3 per cent at actual rates and by 8 per cent at constant…
When Style Nanda announced last month that French beauty giant L’Oreal will be snapping up a majority stake, it sent shockwaves across the industry. Sure, the company was doing fabulously well and had created quite a stir with its success, but then it was…
Italian fashion major Marni has announced the appointment of Stefano Biondo to chief executive officer, effective 15 May 2018. The OTB Group-owned luxury label poached Biondo from eyewear company Safilo, where he served as chief brand officer. He succeeds…
UK Designer Parfums has acquired the fragrance licence of the Cerruti 1881 brand, chairman/CEO Dilesh Mehta has announced. Nino Cerruti founded the brand in Paris in 1967, which is known for its quality products in the world of fashion, accessories and…
More than 200 of Hong Kong’s most fashion forward women (and their supporting men) crowded into CÉ LA VI, in the heart of Hong Kong, to celebrate the launch of Isabella Wren’s first capsule collection ever. Collaborating with Angie Lau, former TV anchor and…
Amorepacific Corp., South Korea’s leading cosmetics maker, said on its first-quarter net profit declined 20.9 percent from the previous year, due mainly to a sharp drop in the number of Chinese tourists. Net income came to 176.7 billion won (US$163 million)…
The majority of the crippled Etam China retail business has been transferred to a Hong Kong investor. While the terms of the sale agreement have not been disclosed, French media refer to the Chinese business as being “ceded” and financial incentives may have…
Embattled UK baby goods retailer Mothercare is to close 50 stores and seek rent reductions on a further 21 as part of a plan to stay viable. The company has produced a Company Voluntary Arrangement (CVA) which also proposes axing hundreds of jobs. After…
Burberry, which is seen as punching below its weight in handbags and leather accessories compared to its peers, said it will be taking a team of around 100 leather goods specialists in-house as part of the deal agreed with CF&P, one of its longstanding…
Zara has reopened its flagship store in VivoCity, Singapore. This newly refurbished establishment showcases the brand’s latest global concept with its 2,700 square meters sales area – approximately doubling the area it had before the refurbishment. It will be…
Fast Retailing Group brand Gu plans to launch in South Korea this year with a store in Lotte World Mall in Jamsil, Seoul. With the brand message “Your freedom”, the Japanese clothing store will have a sales floor area of 1400sqm and offer items for women, men…
Indonesian jewellery brand John Hardy has inaugurated a new Miami flagship store, signalling the Made in Bali-brand’s retail strategy shift toward the US. The New York-headquartered brand has opened a boutique inside Florida’s Aventura Mall, much like its…
Luxury goods group Richemont has launched a new watch brand, Baume, offering trendy time pieces priced in the hundreds rather than the thousands of dollars to lure young people away from their smartphones for reading the time. Swiss watchmakers have seen…
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Read by retail operators, investors and brand teams across Asia.