Edward Buchanan Opens New Creative Hub in Milan
A new space called The Situation will host exhibitions and residencies and provide resources to Black, queer and other under-represented creatives.
Kuala Lumpur, Malaysia
Global Markets
Relief in Southeast Asia As Trump’s Tariffs Level Playing Field
Major garment producers like Vietnam and Cambodia now face similar tariff rates of around 20 percent, lower than previously threatened.
Global Markets
Modest Fashion’s Big Asia Opportunity
Global players, as well as brands and retailers from neighbouring Southeast Asian countries, are coming up against growing consumer loyalty for local players as well as hyper-localised business environments and cultural needs.
Beauty
Can Halal Cosmetics Ride the Clean Beauty Wave?
Halal cosmetics are gaining traction beyond the core demographic of observant Muslim consumers thanks to the vegan and ethical beauty movements. But running a halal brand has its challenges.
News & Analysis
Alibaba Group President Faces Criminal Charges in Malaysian Bond Scandal
Michael Evans, like 16 others charged, now faces custodial sentences and criminal fines in a case with global ramifications.
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News & Analysis
Alibaba Confirms Regional Logistics Hub in Malaysia
The company confirmed reports that it will set up a logistics hub in the Malaysian capital that will serve as the Chinese e-commerce company's regional distribution hub.
Financial Markets
Report: Jack Ma to Launch Alibaba Distribution Hub in Malaysia
The hub would be sited within a 24,700-acre development led by airport operator Malaysia Airports Holdings that is expected to generate more than $1.58 billion worth of domestic and foreign investments.
News & Analysis
Malaysia’s Growth Slows Less Than Expected on Exports, Services
Malaysia’s economic growth slowed less than expected after overseas shipments and factory output held up, a rebound that may prove short-lived as investment falters.
Global Markets
Malaysia's Magnetic Pull
Comprehending Malaysia’s dynamic fashion market is about understanding its fans and neighbours as much as its melting pot culture. This instalment of Market GPS is sponsored by Marvin Traub Associates.
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The News in Brief
L’Oréal Joins Forces With Nykaa to Invest in Indian Beauty Brands
BOLD, the French conglomerate’s venture capital fund, will collaborate with retailer Nykaa to invest in the next generation of Indian beauty brands.
Private Equity Firm Inflexion Invests in Manucurist
The European investor, which previously backed Medik8, has taken a 49 percent stake in the premium French nail line.
H&M Profit Rises on Tariff Refunds as Sales Remain Sluggish
US tariff refunds drove an increase operating profit, even as the fast-fashion retailer has struggled to deliver consistent sales growth.
Arnault Clan to Change LVMH Holding Structure to Ensure Control
Under the plan, the world’s biggest luxury group will be controlled by one entity, Agache SCA, after Christian Dior SE, one of the current holding companies of LVMH, is delisted.
JD Sports Says Nike Turnaround Is Only a Matter of Time
Dominic Platt, chief financial officer of the British sportswear retailer, told Reuters, ‘Much as there's a lot of talk about Nike, it's still the most popular brand out there and it's still a very strong brand.’
Chanel Plans to Keep Investing in China Despite Demand Downturn
CEO Leena Nair pointed to the brand’s recent renovation of its Plaza 66 boutique in Shanghai, calling China ‘a market where the clients understand sophistication, refinement.’
Meta Expected to Unveil Smart Glasses Without Camera
Smart glasses have become a target of criticism in recent months amid growing concerns they can be used to record people without their consent.