APAC
adidas CEO steps down
adidas CEO steps down
CEO Kasper Rorsted will hand over the position through the course of 2023.
Central Group, Signa acquire Selfridges
Selfridges Group has 18 stores in three countries.
Weekly News Wrap: Apps turning leftovers to meals take off in Asia; China's Luckin Coffee eyes store expansion
And a Beijing consumer group summons grocery firm Missfresh over complaints.
Meta to halt Facebook live shopping events
This will take effect on 1 October.
Weekly News Wrap: Fast Retailing opens GU brand store in US; India's Nykaa expects stronger demand from festival season
And leadership issues blamed for Singapore-based Zilingo’s decline.
E-commerce market to reach over $20t by 2025
The market will be led by sportswear brands Nike, and Adidas.
Weekly News Wrap: Alibaba deems last year 'most severe' in decades; Zomato plunges as share lock-in period ends
And Japan’s Sankyo Seiko to purchase a French luxury fashion house.
Click here: APAC brands log in to social media to engage with customers
A Nielsen study found that 56% of APAC marketers consider social media as the most effective channel.
Prada posts over €180m net income in H1
This is despite seeing sales drop in its APAC business.
NIKE net income slips by 5% in Q4
Its sales were dragged by its Greater China market.
Weekly News Wrap: 7-Eleven cuts 880 jobs in the US; Daiso builds American footprint amidst inflation woes
And Malaysia-based restaurant operator delays its IPO again.
L’Oreal achieves carbon neutrality across all North Asia sites
This covers Mainland China, Japan, South Korea, Hong Kong, and Taiwan.
Weekly News Wrap: Freshippo seeks lower funds at $6b valuation; Uniqlo owner's performance to hint China's recovery prospects
And Shein seeks an IPO in the United States as soon as 2024.
APAC brands reinvests highest percentage of revenue in media spend
Around 4.6% of the brand revenue of APAC brands was spent on advertising.
FMCG Asia Awards 2022 opens doors for nominations
Entry submission will close on 07 October 2022.
Weekly News Wrap: Alibaba shares surge 60% as crackdown expected to ease; Pret bets on local tastes in Reliance tie-up
And BGF Retail wins big with a $2 lunch amidst surging inflation.
Soaring international beauty brand Guerlain bags the Cosmetics Retailer of the Year at the Retail Asia Awards 2022
Their retail excellence is attributed to customer-centred marketing strategies and the creation of acquisition hubs.
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