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.
Seoul, South Korea
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.
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).
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.
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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.
Global Markets
Korea’s Economic Recovery Fails to Boost Lotte Shopping Earnings
During the third quarter of its fiscal year, Lotte Shopping reported operating profit reached 28.9 billion won ($24.4 million), down 74 percent year-on-year, a recent filing revealed.
Korea’s Economic Recovery Fails to Boost Lotte Shopping Earnings
During the third quarter of its fiscal year, Lotte Shopping reported operating profit reached 28.9 billion won ($24.4 million), down 74 percent year-on-year, a recent filing revealed.
Global Markets
Shinsegae’s E-Commerce Arm SSG.com Plots IPO
The online marketplace owned by South Korean retail group Shinsegae is preparing for a listing on its local stock market, The Korea Times reports.
Shinsegae’s E-Commerce Arm SSG.com Plots IPO
The online marketplace owned by South Korean retail group Shinsegae is preparing for a listing on its local stock market, The Korea Times reports.
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Global Markets
Ami, Salvatore Ferragamo Jump on the K-Pop Ambassador Bandwagon
The Parisian brand named K-pop septet Enhypen its first global ambassadors, The Korea Herald reports, while the Italian luxury player has tapped
Ami, Salvatore Ferragamo Jump on the K-Pop Ambassador Bandwagon
The Parisian brand named K-pop septet Enhypen its first global ambassadors, The Korea Herald reports, while the Italian luxury player has tapped
Global Markets
A Guide to South Korea’s Booming E-Commerce Market
The pandemic set off an online shopping frenzy in what was already one of the world’s most digitally savvy countries. Here’s what brands need to know.
A Guide to South Korea’s Booming E-Commerce Market
The pandemic set off an online shopping frenzy in what was already one of the world’s most digitally savvy countries. Here’s what brands need to know.
Global Markets
South Korean E-Commerce Giant Begins Japan Expansion
The world’s fastest growing retailer, Coupang, launched delivery services in Tokyo on Thursday, kicking off plans to take on its first overseas
South Korean E-Commerce Giant Begins Japan Expansion
The world’s fastest growing retailer, Coupang, launched delivery services in Tokyo on Thursday, kicking off plans to take on its first overseas
Global Markets
Kakao Races to Become South Korea’s Amazon
The mobile messaging app operator is looking to duplicate the US tech and retail giant’s success by growing its business into online shopping, fintech, media content and logistics.
Kakao Races to Become South Korea’s Amazon
The mobile messaging app operator is looking to duplicate the US tech and retail giant’s success by growing its business into online shopping, fintech, media content and logistics.
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.