Luxury houses, streetwear and the Asian designers shaping global style.
With more tourists from the mainland, cosmetic retailer Sa Sa International Holdings saw a 3.5 per cent upswing in sales in Hong Kong and Macau during the Lunar New Year (January 28 to February 3). It says there were 10.7 per cent more transactions by…
While retail net sales grew 9.2 per cent to US$836.7 million for luxury lifestyle brand Michael Kors in its third quarter, ended December 31, its revenue decreased 3.2 per cent to $1.35 billion. It sales growth was mainly driven by 193 store openings since…
The Mikimoto Ginza flagship store in Tokyo will reopen in June, the pearl retailer has confirmed. The store has taken more than two years to rebuild, fuelling expectation of a unique and outstanding design concept when the building is unveiled. The photo…
Singapore fashion and lifestyle platform iFashion Group has acquired independent designer brands marketplace Megafash in a S$3.15 million (US$2.23 million) cash-and-shares deal. This follows iFashion’s purchase of lifestyle and fashion brands Dressabelle and…
Despite business still being weak in Hong Kong, Asia Pacific was again been the top market in revenue terms last year for Italian design label Salvatore Ferragamo. Preliminary figures show the group’s consolidated revenues for its latest fiscal year reached…
Tiffany CEO Frederic Cumenal has stepped down, effective immediately. Cumenal assumed the role just last April after a long transition to replace previous CEO Michael Kowalski, who is now chairman, Kowalski will take back the role while a search gets underway…
LVMH has launched Luxury Ventures to invest in small and promising fashion, cosmetics or accessories companies. LVMH Luxury Ventures will be headed up by group deputy-head of mergers and acquisitions Julie Bercovy and will target companies turning over…
In 2017, H&M will also open in Colombia, Iceland, Kazakhstan and Georgia. CEO Karl-Johan Persson confirmed the openings while announcing a 7 per cent increase in global sales for its financial year on November 30. Last year, H&M opened online stores in 11…
New York design house Coach reports “notable strength” in Mainland China while reporting its second-quarter results for the quarter ended December 31. Coach China sales were roughly even but increased 6 per cent on a constant currency basis when the impact of…
Ralph Lauren is in worsening trouble after posting a set of holiday season sales figures which one analyst termed “dire” and the loss of its CEO. A day after Ralph Lauren results were released showing a 12 per cent decline in sales the company announced its…
Beauty group The Estée Lauder Companies has reported double-digit sales growth in global travel retail for the second quarter of its latest fiscal year. This was generated by launch initiatives, global airline passenger traffic growth and new consumer…
While Swatch Group profits nearly halved last year in a weak global watch market, the Swiss company is predicting “healthy growth” ahead. Swatch Group owns such luxury brands as Breguet, Longines and Omega as well as marketing watches carrying its own name.…
Though the market is relatively small, growth in most beauty and personal care categories is expected to continue to expand over the next decade as per capita spending rises commensurate with the upward trend in GDP per person per year and the country moves…
Bacardi Global Travel Retail is aiming to build the presence of Dewar’s whisky in Malaysia with a two-month shopper engagement activation at Kuala Lumpur International Airport (KLIA). The pop-up John Dewar & Sons Fine Whisky Emporium features the travel…
Italian luxury house Etro China has opened a store in Shanghai’s Plaza 66 mall. Covering more than 150 sqm, the store features both men’s and women’s clothing and accessories collections as well as the brand’s latest retail design concept, reports CPP-Luxury.…
AmorePacific Group’s yearly operating profit surpassed 1 trillion won in 2016 for the first time on diverse retail offerings in Korea and momentum in the global market. The company’s operating profit rose 18.5 percent year on year, reaching 1.08 trillion won…
Weekly Briefing
Tuesday, Thursday and a Saturday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.