Shu Uemura to open global flagship in Tokyo
Shu Uemura is preparing to unveil a global flagship in Tokyo, Japan. The store will boast a façade inspired by the make-up brand Founder’s original make-up case with a ridged black front, according to a report published by Retail & Leisure International.
AS Watson unveils its Social Purpose and 2030 Sustainability Vision
AS Watson Group and its 13 global retail and manufacturing brands have announced the launch of a refreshed Social Purpose as well as a 2030 Sustainability Vision.
Tmall leaps into intellectual property domain with IPmart launch
Alibaba-owned Tmall has launched an intellectual property trading property, dubbed IPmart, designed to help China’s emerging creators find business opportunities, according to a report published by WWD.
Coupang completes largest US IPO of the year to date
Shares in Seoul-based e-commerce company Coupang started trading last Thursday on the New York Stock Exchange at US$35 per share, above the upwardly revised range, to raise US$4.6 billion, according to a report published by Nikkei Asia.
Muji to dedicate 30 percent of store footprint to food
Muji is preparing to up its grocery aisle to a department, according to a report published by Nikkei Asia. The Ryohin Keikaku-owned retailer, which is known for its homeware, will dedicate up to a third of the sales floor in new stores to food.
Lotte Shopping struggles to grow online presence
Lotte Shopping’s online shopping platform, Lotte On is struggling to attract repeat visitors to its recently launched e-commerce facility, according to a report published by The Korea Times.
Poshmark expands into Australia following IPO
U.S. fashion and beauty e-tailer Poshmark is expanding its presence into Australia, a move that follows its January IPO, according to a report by Bloomberg.
AmorePacific signs Memorandum of Understanding with Shoppee
AmorePacific has signed a Memorandum of Understanding with leading e-commerce platform, Shopee to strengthen their regional partnership and accelerate the growth of K-beauty in the booming online beauty category in Southeast Asia.
China’s Hainan province opens two more duty free stores
China’s island province of Hainan has opened two new duty free stores, taking the total number in the province to nine.
Coty opens Gucci Beauty flagship on Tmall Luxury Pavilion
Coty has announced the opening of the Gucci Beauty flagship on Alibaba’s Tmall Luxury Pavilion.
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