Staff Reporter
Sustainability takes a hit as CEOs prioritise AI and inflation
Sustainability takes a hit as CEOs prioritise AI and inflation
About 30% of companies are struggling to meet their existing sustainability commitments.
Three key trends driving Asia-Pacific e-commerce
Asia-Pacific consumers are leading the charge in social media shopping.
L Catterton acquires majority stake in bath and body brand Stenders
Stenders will use the investment to expand internationally in Asia, Europe, the Middle East, and the US.
Seven & i Holdings rejects $38.5b takeover offer from Couche-Tard
Couche-Tard's offer was priced at $14.86 per share.
TOM FORD names Haider Ackermann as creative director
He will lead the creative direction for all TOM FORD fashion categories.
GCC retail sales expected to exceed $280b by 2028
Rising female employment is boosting growth in beauty, health, luxury, and apparel retail categories.
Philippines' Century Pacific acquires 100% of Coco Harvest
The deal was valued at around $40m.
ASOS sells 75% stake in Topshop and Topman to Heartland
This is part of ASOS' broader refinancing efforts.
East Asia accounts for 41% of global e-commerce sales
China, Japan, and South Korea are the top retail e-commerce markets in the region.
Woolworths sells remaining 4.1% stake in Endeavour Group for $383m
The funds will be used to acquire the remaining 35% of PFD Food Services Pty Limited.
Rising interest in women’s sports boosts sportswear sales
This trend is fueled by high-profile events like the FIFA Women’s World Cup and WNBA games.
Dior taps former Miu Miu CEO as managing director
Petruzzo will oversee Dior’s product and supply chain teams.
Sephora unveils redesigned flagship store in Melbourne
It is now the largest Sephora location in ANZ.
Balenciaga launches flagship store on JD.com
Balenciaga joins other Kering brands like Gucci and Saint Laurent on JD.com.
APAC FMCG firms' overseas revenue grows 50% faster than domestic
This trend is largely driven by Japanese companies.
South Korea retail sector up 6.3% YoY in July
Offline sales, however, declined by 3%.
Metro shines at Retail Asia Awards 2024 for exceptional store achievements, innovative solutions
The company won the prestigious Department Store of the Year - Singapore accolade at the Retail Asia Awards 2024.
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