News
L’Oréal to acquire majority stake in Medik8
L’Oréal to acquire majority stake in Medik8
The deal is expected to complete in the coming months.
Authentic Brands Group opens APAC headquarters in Shanghai
The new office spans nearly 2,000 square meter.
Chinese consumers shift to cautious spending as growth slows
Annual consumption growth is expected to reach 2.3% in 2025.
Vietnam textile industry to pilot first steam-generating heat pump
H&M Group is amongst the partners in the project.
Tealive enters FMCG market with launch of 3-in-1 sachet range
It will be available starting 15 June at AEON outlets.
L’Oréal partners with NVIDIA to scale AI across beauty business
The deal focuses on 3D rendering and generative AI.
Starbucks pilots ‘Green Dot’ AI assistant to support baristas in real time
It is currently being piloted in 35 Starbucks locations.
Shiseido opens expanded beauty counter at Fukuoka Airport
The revamped space is five times larger than the previous setup.
L’Oréal launches fifth global employee share plan
The plan offers up to 300,000 shares.
MBK Partners seeks buyer for troubled South Korean chain Homeplus
The retailer has lost over $1b in the past five years.
7-Eleven opens first store in Hanoi
This marks 7-Eleven’s entry into the Hanoi market.
Alibaba launches AI tool to help fashion retailers create virtual try-on videos
It turns product photos into try-on videos.
YouTube doubles down on video commerce in Southeast Asia
It now has 7,600 creators with over 1 million subscribers.
SM taps 800 personal shoppers to boost customer experience
It offers same-day delivery and dedicated assistance.
Shein, Reliance to scale up Indian supplier base
The move aims to cut dependence on China amidst U.S. tariffs.
FairPrice brings 50 new Thai products to Singapore
The company also kicked off its Thailand Fair across 100 FairPrice outlets.
Quick commerce fuels growth in India’s retail sector
It has been especially strong in tier 1 and tier 2 cities
Commentary
This 11.11, the real battle lies in shopper confidence – not the biggest discount