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Beauty markets in parts of Asia set to surge in lead up to 2026

While fashion retail was strongly impacted by supply chain issues, rising inflation and a decline in consumer confidence in 2022, the beauty market continued to prove its stability, even in the face of the pandemic’s aftermath. And it seems that it will maintain its strength in the coming years, with new reports from GlobalData suggesting the...

Jan 3, 2023

Retail

Mango opens first ‘New Med’ concept store in Asia as part of growth in region

As part of its new store opening in Singapore, Spanish retailer Mango has debuted its ‘New Med’ concept for the first time in Asia, as it continues to follow through on its international expansion. The new 500 square metre space adds to its growth in the region, with it now operating 10 stores in Singapore following a number of openings in April...

Nov 21, 2022

Business

L’Oréal’s North Asia arm achieves carbon neutrality

Beauty conglomerate L’Oréal has announced that the group’s North Asia zone has become the first to achieve carbon neutrality across all of its operated sites. The zone spans five geographical markets – Japan, South Korea, Hong Kong, Taiwan and Mainland China, which was the first of all the sites to achieve neutrality. It builds on the company’s...

Jul 22, 2022

ManagementFeatured

K-Way partners with Bluebell Group to launch in Hong Kong

French outerwear brand K-Way is launching in the Hong Kong market in partnership with the Bluebell Group as part of its global expansion plans. K-Way, known for its windbreaker, lifestyle fashion and sportswear, will be launching its products to Hong Kong consumers with a local website, online k-way.com.hk, before opening a physical store in...

Jun 8, 2022

Business

Levi Strauss & Co. outlines 'aggressive expansion strategy’ in East Asia Pacific

American denim group Levi Strauss & Co. has outlined a strew of “ambitious” plans aimed at accelerating its sustainable business growth and further its commercial success in the East Asia Pacific region. As part of the strategy, the company has revealed it will be opening a number of new stores in the likes of Japan, Australia, Singapore and...

Apr 11, 2022

Retail

Harrods reportedly shutting doors in three Asian markets

British department store Harrods is reportedly set to close its stores in Taiwan, Thailand and Singapore after it has decided not renew its partnerships with local firms. Taiwan’s Shin Kong Mitsukoshi department stores, which has held an agreement with Harrods since 2006, are among those the retailer will be cutting ties with. Concessions in the...

Feb 25, 2022

Business

K-Way eyes Asia expansion

Outerwear brand K-Way could possibly be looking at a repositioning strategy in China in 2022, as it sets its sights on new markets. Following immediately on from its autumn/winter 2022 show at Milan Fashion Week, Lorenzo Boglione, vice president of sales at the brand’s parent company BasicNet Group, has said the firm plans to grow the brand...

Jan 21, 2022

Fashion Featured

Rising sea levels a threat to Asia’s apparel sector, report says

Asia’s apparel sector is under threat from rising sea levels, according to a new report. An analysis by Cornell University claims that large apparel producing areas in Asia will be underwater by 2030. Thousands of garment factories must relocate to higher ground or be submerged in places such as Jakarta and Phnom Penh. It also warns the issue is...

Oct 22, 2021

Podcast

Luxury Market Recovery in Asia Pacific

This month’s Fashion Friday podcast series by Euromonitor International analyses the drivers of the recovery of the Asian luxury market, with examples of brands putting extra effort into expansion in the Asia Pacific region. Under COVID-19, the global luxury market shrunk by 15%. However, in the Asia Pacific, stronger resilience, where the...

Mar 5, 2021

Retail

Arket to open its first store in Seoul, Korea

Nordic fashion and lifestyle brand Arket is to open its first flagship store in Seoul, Korea on February 26. Located inside The Hyundai Seoul, a new department store in the centre of Yeouido, the new store will mark Arket’s first physical destination in Asia. Arket managing director, Pernilla Wohlfahrt, said in a statement: “We are very excited...

Feb 18, 2021

BusinessFeatured

Report: How the coronavirus is affecting Asia’s travel and retail

Asia is currently going through widespread economic and business disruptions caused by the outbreak of the coronavirus (COVID-19), which originated in Wuhan, Hubei province in China, and the stringent government measures to contain it, threatening to stall the economic growth of major markets in Asia. Reason enough for Fung Business...

Feb 21, 2020

Business

Brunello Cucinelli partners with Bluebell in Taiwan

Bluebell Group, which has been successfully breaking luxury brands into the Asian market since 1954, has expanded its partnership with Italian brand Brunello Cucinelli to manage its operations in Taiwan. The move follows the successful joint venture in Singapore and will allow Brunello Cucinelli to grow its brand presence in the country and in...

Feb 20, 2020