Korean Fashion E-tailer Musinsa Posts $733 Million in Annual Revenue
The KKR-backed company has reported a 40.2 percent growth in annual revenue to 993.1 billion won for the 2023 fiscal year.
Khanh Linh
Thailand Is Becoming a Luxury Retail Powerhouse
A $3.2 billion new luxury precinct called One Bangkok is rising in the Thai capital amid a flurry of investment by the city’s legacy department stores and malls as they renovate and expand to popular tourist destinations nationwide.
What’s Behind Japan’s Luxury Boom?
International tourists cashing in on a weak yen, along with resilient domestic spending and retail upgrades, are behind the latest sales spike in the Japanese luxury market.
Farfetch Owner Coupang: Everything You Need to Know
In its home market of South Korea, the rapid-delivery e-commerce giant sells everything from fashion and beauty products to groceries and a video streaming service.
Global Markets
Should Fashion Invest More in Vietnamese Manufacturing?
Vietnam is already an important sourcing hub for companies like Zara, H&M and Nike — and an increasingly valuable way for brands to reduce their exposure to China — but supply chain experts say it is not as attractive as it once was.
Should Fashion Invest More in Vietnamese Manufacturing?
Vietnam is already an important sourcing hub for companies like Zara, H&M and Nike — and an increasingly valuable way for brands to reduce their exposure to China — but supply chain experts say it is not as attractive as it once was.
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The News in Brief
Aditya Birla Fashion and Retail Records Net Loss in Q3
The Indian fashion conglomerate’s loss amounted to 108 crore rupees ($13 million), in contrast to a profit of 11 crore rupees for the same period last year.
Australian Luxury E-tailer Cettire Sees Revenues Soar
The grey market e-commerce platform is set to launch a direct channel in China on the back of a 90 percent growth in gross revenue for the six months ended December 31.
Ushopal Group Invests in Chinese Fragrance Brand Documents
The Shanghai-based beauty retail and brand management group has led a funding round into the Chinese luxury perfume brand for an undisclosed amount.
Thai Beauty Retailer Konvy Secures $11 Million Investment
Robinsons Retail Holdings’ investment arm New Day Ventures, Alibaba International Digital Commerce Group and Insignia Ventures Partners participated in the second Series A fundraising round.
Forward Fashion Holdings Sees Sales Rise in Macau and Hong Kong, but Fall in Mainland China
The Chinese luxury group generated HKD 505.4 million (US$64.4 million) in the six months ended June 30, calling the period "challenging."
Singapore’s FJ Benjamin Posts Double-Digit Profit Growth
The fashion retail group, which operates 148 stores for global brands in Singapore, Malaysia and Indonesia, reported net profit of 3.5 million Singapore dollars (US$2.58 million) for the full fiscal year.
South Korean Fashion E-tailer Musinsa Secures $190 Million Investment
The Series C funding round led by investment firm KKR with participation from Wellington Management will bring the company’s valuation to about $2.76 billion.