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Paris-based affordable luxury fashion chain Sandro Asia, along with sister brand Maje and Claudie Pierlot, recorded 51 per cent year-on-year growth in Asia Pacific in the first six months of the year. Sandro opened its largest Asia flagship store in the heart…
Hong Kong may no longer be the darling of European luxury brands after the combined effect of a slower local economy and fewer mainland shoppers as a result of Beijing’s anti-corruption crack down, but the city is still magnet for less expensive luxury brands…
Indonesians have become Asia’s foremost online buyers of luxury goods, according to the latest Asia Luxury Index. Amid difficult economic conditions, online sales of luxury goods in Indonesia have grown by 84 per cent, according to the index, which draws…
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…
Louis Vuitton packaging is to change colour and style – with an entirely new look replacing the famous dark brown. In a surprise move, the French retailer has unveiled new product packaging in a bright saffron shade. It says the distinctive color, part of the…
International tourists, particularly from Asia, have been a major driver of strong revenue growth in Australian luxury retailing over the past five years. The latest Luxury Retailing in Australia report from business data company IbisWorld predicts that…
Chinese online commerce giant Alibaba Group has hosted an inaugural Rights Holders Collaboration Summit involving international brands and the intellectual property (IP) enforcement community to enhance collaboration in the fight against infringements. More…
Hong Kong has been blamed for a further decline in Burberry profit and a consequential cutback of staff and products. The British luxury goods brand has reported an 8 per cent fall in adjusted pre-tax profit to £421 million in the year to March 31 on flat…
German accessories brand MCM, owned and run by South Korean entrepreneur Sung-joo Kim, aims to more than double sales to RM7.8 billion (US$2 billion) within five years. Founded in Munich in 1976, MCM is known for its colourful $700 studded canvas backpacks.…
Louis Vuitton is committed to the Greater China market and the company’s chief believes Hong Kong’s challenges are of a short term nature. And the company has announced it will soon commence renovations of its Louis Vuitton Hong Kong flagship store at…
Hang Lung Properties chairman Ronnie Chan Chichung said on Thursday the developer cut its final dividend for the first time in 16 years amid weak sales in Hong Kong and the poor retail outlook in China would be a headwind over its prospects going forward. On…
In 1992 Louis Vuitton made its debut in China with a store in Beijing’s bustling shopping district of Wangfujing, becoming the first luxury brand to set foot in the Middle Kingdom. The timing was perfect. The Chinese economy was just coming into its own,…
Luxury retailer Louis Vuitton is suing three individuals in China for selling counterfeit items on Alibaba’s online shopping outlet Taobao. Damages of 250,000 RMB ($37,900) are being sought by the LVMH-owned company, says a statement on a Beijing court’s…
Louis Vuitton is about to get smaller in China, and other luxury goods makers might follow as the heady days of expansion in that market are over. The French maker of monogrammed luggage is reviewing eight stores in second-tier cities, or about a fifth of the…
Burberry, Prada and Gucci head a list of international fashion brands progressively opening at The Promenade shopping centre in the Galaxy Macau. The Promenade is part of the stage 2 development of the integrated resort, which opened its doors on May 27. But…
Tag Heuer is to close one of its Hong Kong stores as it battles high rents and falling sales. Tag Heuer Hong Kong’s Causeway Bay store on Russell St will close soon, according to Jean-Claude Biver, the head of Tag Heuer’s parent LVMH’s watch unit. While local…
