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News
Mega MGC Coffee nears 4500 stores in crowded South Korea
41+ min ago (270+ words) Mega MGC Coffee is closing in on 4500 stores in South Korea, widening its lead by store count in one of the world’s most competitive coffee markets. According to local sources, the value-focused chain opened its 4466th store on August 27, further cementing…...
Can Old Navy establish itself as a noteworthy beauty retailer?
2+ hour, 10+ min ago (23+ words) Inside Retail Asia This is for IR Pro Log in below or subcribe....
TCL sues Samsung for false advertising over 'Mini LED' televisions
1+ day, 1+ hour ago (295+ words) Chinese consumer electronics company TCL sued South Korea’s Samsung in Los Angeles federal court, accusing its rival of falsely advertising some televisions as using ‘Mini LED’ technology. The lawsuit, filed on Monday, alleges Samsung falsely marketed its M Model televisions…...
K11 Musea hits record sales as luxury reboot pays off
1+ day, 58+ min ago (274+ words) Hong Kong’s K11 Musea has reported record first-half sales, with revenue rising 40 per cent year-on-year as its sweeping brand upgrade program gains momentum. New World Development said the cultural-retail destination achieved “a new record for the same period since its opening…...
How Simon Griffiths made people care about a toilet roll - Inside Retail Asia
1+ day, 4+ hour ago (72+ words) In 2012, Simon Griffiths sat on a toilet for 50 hours, livestreaming from a draughty warehouse until he and co-founders Danny Alexander and Jehan Ratnatunga had pre-sold enough toilet paper to finance their first production run. The stunt raised more than $50,000 and…...
As price wars ease, Meituan swings into the black
3+ day, 1+ hour ago (201+ words) Chinese food delivery giant Meituan on Friday swung to profit and exceeded revenue growth estimates as a year of bruising, subsidy-fuelled competition in China’s one-hour delivery market showed further signs of easing. Meituan’s revenue growth and profits have faced pressure…...
Why Shein embraced its Chinese identity ahead of market debut
3+ day, 1+ hour ago (23+ words) Inside Retail Asia This is for IR Pro Log in below or subcribe....
Esprit back in the red as troubled fashion brand bets on licensing
6+ day, 1+ hour ago (571+ words) Flailing apparel brand Esprit is back in the red again, reporting a net loss for the first half-year of HKD87.735 million (US$11.2 million). The company in 2024 began its exit from the business it had been engaged in since its founding in…...
KKR to acquire Japanese beauty group Ci Flavors from L Catterton
1+ week, 23+ hour ago (270+ words) Global investment firm KKR has agreed to acquire the Japanese beauty and lifestyle platform Ci Flavors from its existing shareholders, including the consumer-focused investment firm L Catterton. The deal will see KKR acquire Ci Flavors from all shareholders, including founder…...
KKR to acquire Japanese beauty group Ci Flavours from L Catterton
1+ week, 1+ day ago (270+ words) Global investment firm KKR has agreed to acquire the Japanese beauty and lifestyle platform Ci Flavours from its existing shareholders, including the consumer-focused investment firm L Catterton. The deal will see KKR acquire Ci Flavours from all shareholders, including founder…...