Luxury houses, streetwear and the Asian designers shaping global style.
Asia has led a decline in global sales for US jeweller Tiffany & Co in both the first half year and the second quarter periods to July 31. Same-store Tiffany sales plunged 13 per cent in the six months in Asia-Pacific – excluding Japan where they rose 10 per…
Outbound shipments of Korean food, beauty, fashion and personal care products soared in the first half of the year on the back of the growing popularity of the Korean Wave, or hallyu. Official data released today by the Korea International Trade Association…
Restructuring has taken its toll on FJ Benjamin Holdings’s bottom line. The fashion and lifestyle brand management company has deepened its full-year net loss to S$23 million (US$16.9 million) for its latest financial year, compared to S$17 million the…
The Italian-headquartered, Hong Kong-listed luxury brand says its Asia Pacific sales slumped 18 per cent on a constant currency basis in the first half of this year. “The negative economic backdrop continued to impact performance in both Hong Kong and Macau,…
Consumers are hungry for novelty, innovation. Tight competition online and a tough operating environment have pushed many offline retailers—especially in the footwear and apparel sub-sectors—to downsize or flee Singapore. However, RHB noted in a report that…
South Korean duty free and travel retailer, Lotte Duty Free Group, is targeting a +20% increase in total duty free revenue to reach just over $5bn in 2016 after first half growth of +25%. Driving the big increase have been high-spending Chinese visitors…
Louis Vuitton perfumes are available again, with the French fashion house offering seven choices for its first fragrance launch in 70 years. Ingredients for the perfumes have been sourced internationally, including CO2 extractions from jasmine and May roses…
Italian fashion brand Prada is suffering from shrinking demand in its largest market of China, with a 20%-plus drop in first-half sales dragging down overall profit to the same degree. The Hong Kong-listed, Milano-based company announced late Friday that net…
CENTRESTAGE, a brand new fashion promotion and launch platform, will be held from 7 to 10 September at the Hong Kong Convention and Exhibition Centre (HKCEC). Organised by the Hong Kong Trade Development Council (HKTDC), the trade show will feature some 200…
Korean beauty brand Innisfree China, known for its natural ingredients, has come up with a fresh idea to promote its new store in Shanghai Disneyland. Using the “Jeju flying bike”, it is offering customers a virtual visit to the company’s home base of Jeju…
British footwear brand Jimmy Choo has outperformed luxury peers such as Burberry and Mulberry to post a strong set of growth figures for the first half of 2016. While competitors struggle with declining luxury demand in Asian markets, Jimmy Choo has bucked…
K-pop star Psy of Gangnam Style is one of several celebrities who will have eateries at the upcomingShow DC/YG Republique integrated food and entertainment complex in Bangkok. He will have a noodle house, while other Korean stars featured are singer Rain with…
After announcing plans to capture the global recovery in demand for diamond jewellery and other luxury items, India’s Gitanjali Gems saw its share price hit a 52-week high. This follows the jewellery manufacturer and exporter’s share price dipping to its…
Singapore fashion and lifestyle group FJ Benjamin has secured exclusive rights to distribute the Marc Jacobs brand. An agreement with Marc Jacobs International allows FJ Benjamin to open Marc Jacobs stores in Indonesia, Malaysia and Singapore. FJ Benjamin…
Global apparel brand Old Navy announced today that it is opening its first store in Malaysia at 1 Utama Shopping Center, the fifth largest mall in the world, which is located in the heart of MSC Malaysia Cybercentre Township Bandar Utama. Old Navy makes…
Multibrand fashion group VF Corporation sees Asia – and especially China – as the primary driver of growth in the years ahead. VF Corporation brands include Vans, Kipling, Lee and The North Face. The US-headquartered company says it is focused on expanding…
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