Fayed Abuse Victims Seek Up to £150 Million From Harrods
The retailer currently has a £62 million provision set aside for redress payments, but victims’ lawyers say more is likely needed.
South Korea
Retail
Trump Shaves China Tariffs After ‘Amazing’ Xi Meeting
The meeting between US president Donald Trump and China’s Xi Jinping resulted in an agreement to de-escalate some measures but left fundamental issues unresolved.
Trump Shaves China Tariffs After ‘Amazing’ Xi Meeting
The meeting between US president Donald Trump and China’s Xi Jinping resulted in an agreement to de-escalate some measures but left fundamental issues unresolved.
Beauty
Inside South Korea’s Cosmetic Tourism Boom
Korea’s medical tourism sector is thriving — but strict defamation laws, cultural differences and nationwide doctors’ strikes present unique challenges to foreigners seeking medical and aesthetic treatments in the global beauty capital.
Inside South Korea’s Cosmetic Tourism Boom
Korea’s medical tourism sector is thriving — but strict defamation laws, cultural differences and nationwide doctors’ strikes present unique challenges to foreigners seeking medical and aesthetic treatments in the global beauty capital.
Beauty
A 36-Year-Old Beauty Mogul Is South Korea’s Newest Billionaire
APR Corp. has become a dominant force in the global K-beauty market, turning its founder, Kim Byung Hoon, into South Korea’s newest billionaire.
A 36-Year-Old Beauty Mogul Is South Korea’s Newest Billionaire
APR Corp. has become a dominant force in the global K-beauty market, turning its founder, Kim Byung Hoon, into South Korea’s newest billionaire.
Global Markets
Why A Dior Handbag Caused a Stir in South Korean Politics
South Korean President Yoon Suk Yeol is fighting for his political life. A gifting sting that went public last year contributed to eroding public support.
Why A Dior Handbag Caused a Stir in South Korean Politics
South Korean President Yoon Suk Yeol is fighting for his political life. A gifting sting that went public last year contributed to eroding public support.
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Luxury
Gucci Show Reaffirms Seoul’s Status as Capital of Pop Culture
K-style takes centre stage in collection that draws inspiration from South Korea’s contemporary and traditional dress.
Gucci Show Reaffirms Seoul’s Status as Capital of Pop Culture
K-style takes centre stage in collection that draws inspiration from South Korea’s contemporary and traditional dress.
Beauty
Unravelling the K-Beauty Paradox
South Korea is one of the world’s leading exporters of beauty products but the narrow definition of ‘K-beauty’ in international markets means many exciting brands in Seoul have yet to go global.
Unravelling the K-Beauty Paradox
South Korea is one of the world’s leading exporters of beauty products but the narrow definition of ‘K-beauty’ in international markets means many exciting brands in Seoul have yet to go global.
Global Markets
Seoul Fashion Week’s Hybrid Season Draws to a Close
This season, its face was Lee Jung-jae, the star of Netflix’s Squid Game — a signal of the event’s ongoing mission to help Korean designers ride the Korean wave (hallyu).
Seoul Fashion Week’s Hybrid Season Draws to a Close
This season, its face was Lee Jung-jae, the star of Netflix’s Squid Game — a signal of the event’s ongoing mission to help Korean designers ride the Korean wave (hallyu).
Luxury
Chanel Duels South Korean Resellers Amid Luxury Boom
Chanel has barred nearly a third of would-be shoppers to stop bulk buyers snagging $10,000 bags for resale with markups of 20 percent or more.
Chanel Duels South Korean Resellers Amid Luxury Boom
Chanel has barred nearly a third of would-be shoppers to stop bulk buyers snagging $10,000 bags for resale with markups of 20 percent or more.
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Global Markets
K-Beauty Giant Amorepacific Looks to Shift Gears In China
The group behind brands like Sulwhasoo, Etude House and Innisfree, is considering giving sales in the key market a much-needed boost by cutting back on physical stores and accelerating expansion of its premium offering and digital channels.
K-Beauty Giant Amorepacific Looks to Shift Gears In China
The group behind brands like Sulwhasoo, Etude House and Innisfree, is considering giving sales in the key market a much-needed boost by cutting back on physical stores and accelerating expansion of its premium offering and digital channels.
Global Markets
Galleria Department Store’s Annual Sales Hit 1 Trillion Won Mark
Sales at the 31-year-old South Korean retailer’s luxury outpost in Seoul’s Apgujeong neighbourhood reached 1 trillion won (around $844 million) for the first time.
Galleria Department Store’s Annual Sales Hit 1 Trillion Won Mark
Sales at the 31-year-old South Korean retailer’s luxury outpost in Seoul’s Apgujeong neighbourhood reached 1 trillion won (around $844 million) for the first time.
Global Markets
Korean Beauty Retailer Olive Young Eyes $1 Billion IPO
The health and beauty chain, also known as CJ Olive Young, is looking to raise $1 billion in a local public offering sources say will take place early 2022.
Korean Beauty Retailer Olive Young Eyes $1 Billion IPO
The health and beauty chain, also known as CJ Olive Young, is looking to raise $1 billion in a local public offering sources say will take place early 2022.
Global Markets
Department Store Sales Boost Shinsegae’s Q3 Earnings
The South Korean retail giant announced its net income for the July-September period of 2021 hit 188.9 billion won (around $160.4 million) on a consolidated basis, a sharp uptick from the 858 million won ($728,638) in profits it reported last year.
Department Store Sales Boost Shinsegae’s Q3 Earnings
The South Korean retail giant announced its net income for the July-September period of 2021 hit 188.9 billion won (around $160.4 million) on a consolidated basis, a sharp uptick from the 858 million won ($728,638) in profits it reported last year.
The News in Brief
Puig Acquires Sun Care Brand Isdin
The conglomerate bought its former partner’s 50 percent share to take full ownership of the Spanish skincare label.
Hugo Boss Chairman to Step Down Amid Frasers Group Pressure
Stephan Sturm is stepping down, as the German fashion house's largest shareholder seeks to beef up its board representation alongside its takeover bid for the brand.
CFDA’s Steven Kolb Involved in Altercation with PETA Protestors
The trade body’s president physically restrained animal rights activists after they stormed a Cos runway show at New York Fashion Week.
GQ Philippines Names Danyl Geneciran Editor in Chief
The former Vogue Man Philippines editor will helm GQ’s 23rd international title, whose debut issue features covers starring Darren Criss, Jordan Clarkson and Erwan Heussaff.
Human Made Discloses $3.6 Million Undercover Purchase Price and Long-Term Financial Targets
The Tokyo-listed company will pay $3.6 million in cash for 100 percent of Undercover, with founder Jun Takahashi relinquishing corporate duties to focus solely on design.
Arizona Accuses L’Oréal of Concealing Cancer Risks Linked to Hair Relaxers
The beauty conglomerate faces over 12,000 similar lawsuits filed by individuals that have been consolidated in a Chicago federal court.
Space NK Names New CEO, Andy Lightfoot Steps Down
Chief marketing officer Emma Simpson-Scott will succeed Lightfoot, who is leaving the UK retailer after seven years at the helm.