Luxury houses, streetwear and the Asian designers shaping global style.
Japanese used-clothing market 2nd Street USA has set up shop in the US. A subsidiary of Tokyo-based GEO Holdings, 2nd Street USA has opened on Melrose Avenue in Los Angeles. Selling and buying goods, it offers men’s and women’s clothing as well as…
Hong Kong’s Affinity Equity Partners has joined a bidding scramble for Korean budget fashion and cosmetics brand Stylenanda. Also in the race are LVMH-backed L Catterton, L’Oreal and Shiseido, with the bid worth up to KW500 billion (US$467 million), insiders…
China and Hong Kong, along with Brazil, had the highest sales growth in local currencies for French cosmetics company L’Occitane International for the nine months to the end of December. China sales grew 23.4 per cent in local currency, with same-store sales…
Historic British footwear brand John Lobb Bootmaker has stepped into the Philippines with a store beside Hermes at Greenbelt 3 in Makati City, Manila. Founded in Basingstoke in 1849 and opening a store on London’s Regent Street in 1866, the brand is known for…
Sales to foreigners at South Korean duty-free stores reached a record high in December, industry data shows. But that comes despite a sharp drop in the number of tourists, following a diplomatic spat between Seoul and Beijing over a US anti-missile system.…
Korean apparel retailer Handsome is launching a service for customers to have their selected clothes delivered and tried on at home before deciding whether to buy. Online shoppers can pick up to three pieces of clothing marked as available for the service and…
After a revamp, Thailand travel retailer King Power Group has staged a grand re-opening of its Bangkok duty-free shopping and lifestyle complex King Power Rangnam. Redeveloped at a cost of THB2.5 billion (US$74 million), the 22,000sqm landmark offers luxury…
Swiss luxury watchmaker Audemars Piguet is planning to launch its own shop for used watches. It is believed to be the first major watch brand to break into the growing market for secondhand luxury timepieces. Audemars Piguet (AP) says it has had a “test run”…
UK fast-fashion retailer Primark has reported record Christmas sales, largely due to the addition of a massive 300,000sqft of retail selling space. In its home market, Primark opened five stores during the 16-weeks to January 6 and during the whole year added…
Korean beauty company Amore Pacific is to introduce its makeup and skincare brand Hera in Singapore with a counter at Takashimaya. Launching in April, the counter will offer not only Hera’s full range, but also its Homme line. Hera has been one of the main…
The Louis Vuitton Ginza Namikidōri Store has a new design and a new home, moving to the new Tokyo Ginza Asahi Building. The move is a result of its former location being closed for rebuilding. Now covering two storeys, the store features a modern façade…
Swiss luxury goods holding company Richemont has moved to take full ownership of e-commerce company Yoox Net-a-Porter (YNAP). Nearly three years after Richemont merged Net-a-Porter with Italian rival Yoox, the company has made a public tender offer to buy the…
Yue Yuen Industrial Holdings, the world’s largest footwear maker which supplies global brands including Nike and Adidas, is set to receive HK$6.76 billion (US$860 million) from the proposed privatisation plan of its retail arm, according to a stock exchange…
Paul Kotrba has been appointed SEAFOLLY’s new CEO. This international appointment will enable SEAFOLLY, the 42-year old Australian swimwear powerhouse, to further develop its global growth potential. Originally from Vienna, Austria, Kotrba is an experienced…
Korean brand Moonshot cosmetics has opened its first Hong Kong outlet at T Galleria, operated by DFS Group. Before launching in T Galleria, Moonshot was distributed in Hong Kong and Macau through Sasa stores. Last year, the brand opened three stores in…
Online fashion destination Global Fashion Group (GFG) has appointed co-CEOs, who will take up their roles on February 1. Patrick Schmidt and Christoph Barchewitz will be responsible for the overall strategic and working development of GFG, working with the…
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