Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
Jakarta, Indonesia
Global Markets
Indonesian E-Commerce Firm Bukalapak Files for IPO
The Jakarta-based unicorn plans to list on the Indonesia Stock Exchange as early as August, a person with the knowledge of the matter told Tech in
Indonesian E-Commerce Firm Bukalapak Files for IPO
The Jakarta-based unicorn plans to list on the Indonesia Stock Exchange as early as August, a person with the knowledge of the matter told Tech in
Global Markets
Want to Reach 170 Million Asian Consumers? Get This App.
Gojek is ingrained in the consumer psyche across Southeast Asia. With recent investment from Facebook the ‘super-app’ is now valued at $10 billion and poised to boost e-commerce in the region.
Want to Reach 170 Million Asian Consumers? Get This App.
Gojek is ingrained in the consumer psyche across Southeast Asia. With recent investment from Facebook the ‘super-app’ is now valued at $10 billion and poised to boost e-commerce in the region.
Global Markets
Jakarta Bans Plastic Bags From Shopping Malls
Retailers in the Indonesian capital will be required to provide eco-friendly carrier bags or potentially face fines between $360 and $1,800.
Jakarta Bans Plastic Bags From Shopping Malls
Retailers in the Indonesian capital will be required to provide eco-friendly carrier bags or potentially face fines between $360 and $1,800.
Financial Markets
E-Commerce Platform Tokopedia Reportedly Set to Raise up to $1.5 Billion
The Jakarta-based company, backed by SoftBank and Alibaba, is looking to US internet companies and existing investors for a pre-IPO funding round, according to sources.
E-Commerce Platform Tokopedia Reportedly Set to Raise up to $1.5 Billion
The Jakarta-based company, backed by SoftBank and Alibaba, is looking to US internet companies and existing investors for a pre-IPO funding round, according to sources.
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Global Markets
As Fashion Giants Eye Exit From China, One Indonesian Supplier Makes Gains
Sri Rejeki Isman PT, which makes apparel for J.C. Penney Walmart and H&M, is fielding calls from other brands looking to diversify their suppliers amid the ongoing US-China trade war.
As Fashion Giants Eye Exit From China, One Indonesian Supplier Makes Gains
Sri Rejeki Isman PT, which makes apparel for J.C. Penney Walmart and H&M, is fielding calls from other brands looking to diversify their suppliers amid the ongoing US-China trade war.
News & Analysis
Indonesia's Aceh Orders Muslim Stewardesses to Wear Headscarves
Female stewardesses on budget carriers such as Malaysia’s AirAsia and Firefly will have to wear headscarves when flying into the ultra-conservative Islamic region.
Indonesia's Aceh Orders Muslim Stewardesses to Wear Headscarves
Female stewardesses on budget carriers such as Malaysia’s AirAsia and Firefly will have to wear headscarves when flying into the ultra-conservative Islamic region.
Fashion Week
The ‘Made in Indonesia’ Opportunity
BoF investigates how the tropical islands of Bali, Java and Sumatra have become manufacturing hotspots for global fashion brands like H&M, Calvin Klein and Uniqlo.
The ‘Made in Indonesia’ Opportunity
BoF investigates how the tropical islands of Bali, Java and Sumatra have become manufacturing hotspots for global fashion brands like H&M, Calvin Klein and Uniqlo.
China
JD and Lazada Square Off in Indonesia, Asia's Next E-Commerce Prize
Indonesia becomes the next e-commerce battleground as JD.com takes on Alibaba-owned Lazada and sets its sights on the Southeast Asian nation.
JD and Lazada Square Off in Indonesia, Asia's Next E-Commerce Prize
Indonesia becomes the next e-commerce battleground as JD.com takes on Alibaba-owned Lazada and sets its sights on the Southeast Asian nation.
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News & Analysis
MatahariMall.com Raises $100 Million to Expand in E-Commerce
The company raised $100 million in equity financing from investors led by Mitsui & Co. as it seeks to bolster its share of the nation’s e-commerce market.
MatahariMall.com Raises $100 Million to Expand in E-Commerce
The company raised $100 million in equity financing from investors led by Mitsui & Co. as it seeks to bolster its share of the nation’s e-commerce market.
News & Analysis
Saverin-Backed Orami Raising More Funds for E-Commerce Deals
Orami, a female-focused Indonesian e-commerce operator, is raising new funds for acquisitions just months after a $15 million financing round backed by Facebook Inc. co-founder Eduardo Saverin.
Saverin-Backed Orami Raising More Funds for E-Commerce Deals
Orami, a female-focused Indonesian e-commerce operator, is raising new funds for acquisitions just months after a $15 million financing round backed by Facebook Inc. co-founder Eduardo Saverin.
Global Markets
Lippo Partners With GrabTaxi to Expand E-Commerce in Indonesia
Indonesia's Lippo Group will partner with GrabTaxi Holdings Pte for e-commerce deliveries in Southeast Asia’s largest economy.
Lippo Partners With GrabTaxi to Expand E-Commerce in Indonesia
Indonesia's Lippo Group will partner with GrabTaxi Holdings Pte for e-commerce deliveries in Southeast Asia’s largest economy.
News & Analysis
Jakarta Attacks in Busy Area Filled with Western Brands
Thursday's deadly attacks in Jakarta were focused on a Starbucks in the center of the Indonesian capital, in an area filled with offices and Western brands.
Jakarta Attacks in Busy Area Filled with Western Brands
Thursday's deadly attacks in Jakarta were focused on a Starbucks in the center of the Indonesian capital, in an area filled with offices and Western brands.
The News in Brief
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.