SK-II Launches First Concept Store in Kuala Lumpur
Skincare brand SK-II has launched its first concept store in Malaysia’s Kuala Lumpur, located in the Mid Valley Megamall.
Amazon Introduces Temu-Inspired Section for Budget-Friendly Chinese Products
Amazon plans to launch a dedicated section on its main website, mimicking the style of Chinese cross-border bargain app Temu.
Estee Lauder unveils Skin Longevity Institute in China
The Estee Lauder Companies’ flagship brand is opening a new retail concept in China’s Hainan province this weekend. The Skin Longevity Institute, as the new space has been named, will offer a series of facial treatments, skin analysis services and stock the Re-Nutriv line.
Yoox Net-a-Porter Shuts Down China Operations Amid Economic Challenges
Luxury clothing sales platform Yoox Net-a-Porter (YNAP) is ceasing its operations in China.
Flipkart Focuses on Tier II and III Markets with Premium BPC Products
E-commerce giant Flipkart is aggressively targeting Tier II and III markets, seeing 1.8x growth in premium Beauty and Personal Care (BPC) product sales from these regions.
MAC opens store in Sri Lanka
MAC has opened its first store in Sri Lanka. The Estee Lauder Companies-owned brand’s new location is described as an ‘immersive retail experience’ in Colombo’s One Galle Face Mall and will be operated by distribution partner Exclusive Lines.
Coty and Shilla Duty Free to focus on omnichannel shopping
Coty and Shilla Duty Free have updated their joint digital business plan with a view to beefing up their omnichannel shopping offer in travel retail. The pair will focus on digital innovation, data analytics, retailer exclusivity and regional expansion.
Kirin Holdings to Acquire Fancl in US$1.39 Billion Deal
Kirin Holdings Co. is set to acquire Japanese skincare and cosmetics brand Fancl for approximately ¥220 billion (US$1.39 billion).
Mugler cuts ribbon on Shanghai pop-up boutique
Mugler has opened the doors to its first bricks and mortar retail offer in China. The fashion and fragrance brand opened a pop-up boutique in Shanghai – the store will be resident in the city’s Reel shopping center for 12 months.
Watsons invests US$250 million in store upgrades
Watsons has embarked on a program of store refits. The AS Watson-owned chain is investing some US$250 million to upgrade and open some 3,800 stores by the end of the year across 15 markets worldwide.
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