Luxury houses, streetwear and the Asian designers shaping global style.
The latest H&M Sustainability Report released this week aims for 100 per cent recycled or other sustainably sourced materials by 2030. And the Swedish headquartered retailer says it wants to be “climate positive” throughout its entire value chain by 2040.…
Key Hong Kong airport concessions for cosmetics, fashion accessories and liquor & tobacco have been awarded at Hong Kong International Airport. The Airport Authority of Hong Kong has awarded the liquor & tobacco concession to China Duty Free – Lagardere…
Chanel Vietnam has opened its first dedicated cosmetics and perfume boutique. The 133 sqm store is located on the ground floor of the Saigon Center shopping mall in the heart of Ho Chi Minh City. It is decorated with a three-color theme of black, beige, and…
In a significant strategic u-turn the Burberry beauty business is to be out-sourced again. The UK fashion brand has announced a partnership with Coty to help boost the growth of Burberry beauty products from October. “We are delighted to partner with Coty, a…
Australian swimwear brand Seafolly and Colombian beachwear brand Maaji are the first signings for a global lifestyle platform launched by L Catterton Asia. Based in Singapore, L Catterton Asia is an arm of private equity firm L Catterton, formed last year…
Hong Kong jewellery company Chow Tai Fook has paid a record HK$553 million (US$71.2 million), including fees, for the illustrious Pink Star diamond. This makes the diamond the most expensive precious stone sold at auction. The sale relieves auction house…
CVS Pharmacy is introducing Korean beauty products to the US, launching its K-Beauty HQ concept at 2100 stores across the nation. In one of the largest Korean beauty initiatives globally, more than 100 products – some exclusive to CVS – are being rolled out…
Century-old UK fashion retailer Jaeger is reportedly on the brink of entering administration. The 25-store strong chain was recently sold by private equity company Better Capital to an unidentified buyer, but according to a report in the Sunday Times, the…
Thai duty-free giant King Power Group plans to spend THB10 billion (US$290.4 million) for business expansion over the next five years. CEO Aiyawatt Srivaddhanaprabha says the budget will be used to open five branches in Thailand and overseas, bringing its…
Louis Vuitton is to open a two storey store at Singapore’s Changi Airport – its first passenger terminal duplex in the world. The Louis Vuitton Changi store is scheduled to open in January 2018 as the centrepiece of a new garden in Terminal 3’s departure…
Global loyalty marketing agency ICLP surveyed 750 consumers in Hong Kong and asked them the brand that comes to their mind first of the retailers that they shop regularly. The survey reveals a correlation between characteristics of sectors and brand…
New research from Mintel, presented at in-cosmetics Global, is taking a look at the size of South Korea’s beauty market, the changes Korean beauty has brought to the global market and what trends to expect in the coming year. Mintel notes that South Korea is…
SMCP Group sales soared last year, reflecting the strength of the affordable luxury category and successful expansion in Asia. The French fashion retailer achieved 16.4 per cent growth in sales to €786 million (US$844 million) last year. SMCP stands for its…
The next new H&M retail brand will be called Arket. The first of the brand’s stores will open in London in late summer or early autumn this year. H&M CEO Karl-Johan Persson said Arket will be priced above H&M. He described the concept as “simple, yet timeless…
Fast-fashion brand Forever 21 India has opened a store in Kolkata, its 16th outlet on the sub-continent. Covering 6000 sqft (557 sqm), the store features the latest spring/summer collection, and as well as Forever 21 apparel and accessories includes the…
Struggling US retailer Payless ShoeSource is headed for bankruptcy, reports Bloomberg. Payless, which has not commented on the report, operates some 4000 stores globally and under the reported Chapter 11 protection likely to be sought next week, will…
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