Fashion
L’Oreal net profit climbs to €3.22b in H1
This is up from €2.36b in the same quarter last year.
adidas CEO steps down
CEO Kasper Rorsted will hand over the position through the course of 2023.
Reliance Brands ‘well positioned’ to tap India’s luxury apparel market
The company recently partnered with Balenciaga amongst other high-end brands.
Reliance Brands brings Balenciaga to India
The company will be the sole India partner of the luxury brand in India.
Prada posts over €180m net income in H1
This is despite seeing sales drop in its APAC business.
NIKE net income slips by 5% in Q4
Its sales were dragged by its Greater China market.
LVMH posts 23% profit growth amidst CN business disruptions
Lower revenues were seen in Asia due to lockdowns in China.
Adidas revises 2022 outlook amidst ‘slower-than-expected’ recovery in Greater China
The company expects a double-digit decline rate during the rest of the year.
MICHAEL KORS debuts on JD.com
JD.com now features over 300 premium brands.
L’Oreal achieves carbon neutrality across all North Asia sites
This covers Mainland China, Japan, South Korea, Hong Kong, and Taiwan.
Reliance Brands brings Italian luxury brand Valentino to India
Its first boutique will open in Delhi.
First Nike Style concept store opens in South Korea
It is located in Hongdae in the capital Seoul.
Longchamp opens flagship store on JD.com
This brings the number of luxury brands on JD to over 300.
Thailand skincare market to exceed $3b in 2026: report
It is projected to see an average of of 3.8% growth annually.
Health and beauty to see 5% annual growth in 2021/26
The average household spent US$345 on health and beauty last year.
China’s luxury market suffers from spending crunch amidst strict COVID measures
Despite this, consumer appetite remains strong.
Mytheresa picks Steven Xu as president in China and APAC
He previously served as an executive for Ralph Lauren.
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Global uncertainties influence Vietnamese consumer preferences
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Still, the country’s retail and e-commerce sectors continue to expand.
Still, the country’s retail and e-commerce sectors continue to expand.
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1. South Korea's e-commerce market hits $115.1b in 2023 2. Rakuten and Thailand join hands to showcase Thai products 3. Deliveroo opens third Hop site in Kwun Tong 4. How TikTok drives consumer behavior through ‘shoppertainment’ 5. ShopUp to establish 700 distribution hubs across Bangladesh by 2025Awards
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