Asia news and archive

Marcolin Group to strengthen presence in Asia

Eyewear marker Marcolin Group, whose brand portfolio includes Tom Ford, Ermenegildo Zegna, Roberto Cavalli, and Tod’s, has announced that it is looking to strengthen its investments and presence in Asia, in response to what it is calling “renewed growth” of the optical and sunglass segments in that area. In a statement, Marcolin outlined plans...

ManagementFeatured

What would become of local fashion brands in developing Asia as fast fashion takes over?

Fast fashion has over taken the globe and developing Asia is the latest target market retailers are focusing on. While apparel in developing Asia grew by 26 percent from 2011 to 2016, various fast fashion brands easily quadrupled that growth, hitting 100 percent and higher growth rates. As demand for fast fashion sees a surge in this region,...

Fashion Featured

Raoul: 'On the right track' to succeed

Since it's international debut during the 2010 New York Fall/Winter fashion show, Singaporean fashion label Raoul has been busy winning over loyal followers around the global. Best known for its designer looking products, the affordable luxury brand was founded by husband and wife duo Douglas and Odile Benjamin 2002. Within the span of two...

People

Cath Kidston steps down as creative director of eponymous label

Cath Kidston, founder of the eponymous floral-based lifestyle label, is stepping down from her role as creative director. The designer, who developed the home-ware and lifestyle brand from a single store in Holland Park 21 years ago, has decided to remove herself from the daily runnings of the retail company as she finds it difficult to stop...

Fashion

Asia to account for half of luxury goods market

A new study has indicated Asia will take over 50 percent of the luxury market in the next ten years. As Asian household incomes grow and local economies expand, the region will account of 50 to 60 percent of the world's luxury brand turnover, according to Economist Intelligence Unit (EIU). The region, which currently accounts for around...

Apparel

Fashion brands see sales decline in Korea

Luxury brands have seen a drop in sales in South Korea, despite the Asian sector remaining a strong sales territory for most luxury companies. South Korea's economic turmoil has affected consumer confidence, especially spending on high end fashion and luxury goods. In figures, Burberry Korea’s sales fell 5.3 percent to KRW228.1bn (approximately...

Fashion

LVMH to invest $650 million in Asian companies

International private equity fund L Capital, backed by LVMH Group, has just launched its fourth private equity fund worth $640 million for investments in sectors like consumer brands, lifestyle retail, media and entertainment in China, India, Southeast Asia and the Middle East. L Capital Asia is LVMH’s $650 million equity fund that was launched...

Fashion

Luxe brands' next stop:Asia

Luxury brands are taking a ride at the Asian Dragons to overfly recession. In recent years, European designers have expanded their market by opening stores in Asia and have really seen a substantial growth in profit. London-based Euromonitor estimated early this year that spending on luxury goods in Asia will grow 3.5 percent to 54 billion...