APAC

China, Indonesia, India, Malaysia, Vietnam and Thailand will boost the growth.

The renewed deal lasts from 1 January 2024 to 31 December 2039.

The Women's Empowerment Principles aims to foster gender equity and women's empowerment.

Retailers are setting their eyes on growing their online presence.

Consumers want to physically see and touch items they would buy.

The brand has placed 60% on its investments in environmental initiatives.

This is compared to those who employ a blanket personalisation strategy.

Gen Zs and tourist shoppers will be crucial for the sector.

LAMY’s operations in Heidelberg will remain.

The brand’s innovative practices benefit both consumers and workers.

Businesses should transform their portfolio and adopt “purposeful societal impact.”

This is underscored by Aurelius’ acquisition of the brand from Natura & Co.

Social commerce in various platforms such as TikTok and Facebook is popular in the region.

He stressed that personalisation, engagement, and community-building are amongst those that foster long-term consumer loyalty.

To navigate diverse markets successfully, retailers must leverage technologies like AI to integrate online and offline experiences whilst implementing tailored strategies for sustainable growth.

The sector will achieve a CAGR of 3% to 4% in APAC from 2022 to 2027.