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The e-commerce sector in Southeast Asia is witnessing significant growth, with its Gross Merchandise Value (GMV) projected to reach around US$350 billion by 2030 and escalate to US$630 billion by 2035. For businesses aiming to tap into this growth, achieving…
Italian luxury brand, Golden Goose, has recently gone through a significant change in ownership. A majority stake in the company is now held by Chinese private equity firm HSG, while Singapore’s investment firm, Temasek, has also joined as a minority…
Lanvin Group has announced the appointment of Barbara Werschine as the new Chief Executive Officer (CEO) of Lanvin. This strategic decision is part of the luxury fashion group’s initiative to bolster Lanvin’s global standing and promote growth. Barbara…
The iconic Parisian fashion brand, Chanel, has seen an influx of new customers drawn to the reimagined versions of classic items by creative director Matthieu Blazy. The reinvented versions of the brand’s staple bags, shoes, and jackets have sparked a demand…
Konvy, a renowned Thai retailer specializing in beauty and healthcare products, recently received a $15 million investment from Japan’s Cool Japan Fund (CJF). This strategic partnership aims to stimulate demand for Japanese beauty and healthcare brands across…
Kering, the luxury conglomerate that owns brands such as Gucci and Balenciaga, has noted a sequential improvement in its revenue for the first quarter, indicating that the company’s recovery is gaining momentum. Quarterly Revenue Trends The company reported a…
Inditex, the parent company of Zara, has seen considerable increases in its gross and net profits, fueled by robust sales across all its brands. The company’s total net revenue for the fiscal year ending January 31, 2025, climbed 3.2 per cent to €39.9 billion…
CraftCo Brands, a renowned American spirits company, has announced plans to bring its prestigious bourbon labels, Joseph Magnus & Co and Fox & Oden, to Australian markets. The venture will be realized through an exclusive distribution deal with Honey Barrel.…
CJ Olive Young, a leading beauty retailer in South Korea, has embarked on a significant global partnership with Sephora, an entity of LVMH, to broaden the international presence of Korean beauty brands. Their strategy primarily revolves around leveraging…
French cosmetics giant, L’Oréal, has announced its minority stake acquisition in Chinese skincare brand, Lan, signifying its second investment in China within recent months. This investment comes at a time when local brands in China are experiencing…
Yum Brands, the parent company of Pizza Hut, is currently exploring strategic alternatives for its pizza arm, which may include a potential sale. This move comes as Pizza Hut’s performance has been an underwhelming aspect of the business, failing to match the…
Food industry behemoth Kraft Heinz reported a disappointing third quarter with lower than anticipated results. The company attributes the underperformance to persistent cost pressures and diminishing consumer demand, which have compelled a downward revision…
Boyu Capital, a private equity firm from China, is leading the race to acquire a majority stake in Starbucks’ China operations, a deal that could potentially value the unit at over US$4 billion. Boyu Capital remains in the bid after the final contender,…
As the beauty industry becomes more competitive, leading South Korean beauty brands are transforming their stores into immersive spaces. These spaces offer customers an opportunity to trial products and gain a deeper understanding of the brand’s ethos. Space…
South Korea’s retail industry is swiftly growing its private label (PB) business by extending beyond food and household items to include clothing, innovative digital platforms, and even international markets. This expansion comes as firms ranging from…
On September 29, 2025, First Brands Group, a formerly profitable manufacturer and distributor of automotive aftermarket parts, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. The company reported over $10…
