Category: Fashion

Retail News Asia is committed to providing both local and global retailers with the latest Fashion news throughout the Asian market. This on a daily base.

  • Miniso to raise $550M through debt instrument

    Miniso to raise $550M through debt instrument

    Chinese lifestyle goods retailer Miniso Group Holding plans to raise US$550 million through a debt instrument to fund its oversea expansion.

    The seller of anything from household appliances to electronics and cosmetics will issue equity-linked securities which is set to mature in early 2032, according to a filing to the Hong Kong Stock Exchange.

    Securities holders may exchange the shares for cash after a six-year period which is set to begin Jan. 14

    Miniso plans to use 50% of the sale for overseas store network expansion and the remaining half for share buybacks.

    The company believes that these initiatives will further enhance its long-term value for shareholders by supporting growth and expansion.

    The securities carry an exchange rate of 0.5% per year, payable every six months.

    They are offered at $8.28 per share, which is 26% higher than Miniso’ stock closing price on Monday.

    This means that investors expect Miniso shares to surpass $8.28 in the next six years.

    Miniso expanded its global footprint by adding 773 new stores in the first nine months of last year, bringing its total to 7,186. Around 59% of stores are located in China.

    The company’s revenue for the first nine months of 2024 surged by nearly 23% to CNY12.3 billion ($1.75 billion), primarily driven by store expansion and increased consumer spending in overseas markets.

    During the same period, gross profit climbed 34% to CNY5.4 billion.

  • Jim Thompson’s new lifestyle store heralds the brand’s global ambition

    Jim Thompson’s new lifestyle store heralds the brand’s global ambition

    Jim Thompson, a global lifestyle brand from Thailand, has opened a stunning lifestyle store in Bangkok. For the first time, the store showcases the brand’s stylish blend of on-trend fashion for men and women, homewares, and contemporary Thai cuisine in a single mall location.

    The 550sqm duplex in the newly opened One Bangkok shopping centre, near the Thai capital’s embassy and expat hub of Silom-Sathorn, is home to the new store that telegraphs the fast-rising company’s global aspirations as a lifestyle brand, entering a new era of refinery and haute couture – without the price tag.

    Founded by James H.W. Thompson in 1951 as The Thai Silk Company, Jim Thompson was a visionary and the driving force behind the current-day emergence of Thailand’s silk industry. For decades, his apparel was popular with tourists. Elephant motifs – the quintessential Thai icon – featured prominently on shirts, ties and other apparel.

    While the brand has been trying to expand beyond that somewhat tourist-driven design element, elephants still have their place in the range, whether as tiny motifs in a silk tie or subtly embroidered into polo shirts or t-shirts.

    “Some tourists still like the elephants because it is distinctly Thai. So we still keep the elephant, but we have made it more sophisticated, like this,” Panjarat Limpinon, chief commercial officer at Jim Thompson, told Inside Retail.

    Jim Thompson is now entering a new era, epitomised by its new brand positioning slogan, ‘Beyond Silk,’ that symbolises an evolution beyond its world-renowned Thai silk heritage to embrace a more comprehensive lifestyle approach that covers all business units – fashion, home furnishings, and hospitality – and its embrace of linen and cotton fabrics, and silk blends.

    “This new store aligns with Jim Thompson’s mission to offer our customers an immersive shopping experience that combines a wide range of products, dining options, and cultural experiences,” said Frank Cancelloni, Group CEO at Jim Thompson.

    “This opening marks another milestone in our transformation journey to become Asia’s first global lifestyle brand.”

    Limpinon told Inside Retail during an exclusive tour that the One Bangkok lifestyle store is the first location in a shopping mall to combine food, fashion and homewares. The three were also linked in the upgraded Jim Thompson Heritage Quarter, where the Jim Thompson House is located, which officially opened last year. The Quarter features a retail store, cafe, bar, restaurant, and event space alongside Thompson’s home on the banks of the Khlong Saen Saep (canal).

    “We are offering the immersive Jim Thompson experience of retail and dining culture.”

    At the Jim Thompson Lifestyle Store at One Bangkok, that experience starts downstairs with a towering entranceway and dazzling displays of men’s and womenswear, including scarves.

    The designs of Jim Thompson’s famous silk scarves are so intricate and striking that customers often buy them to be framed and mounted on walls as art. The One Bangkok store features framed scarves to inspire visitors.

    Upstairs, accessed by a stylish glass lift or stairs, the homewares include cushions, throws, dining tableware, and a limited-edition range of outdoor chairs created in partnership with Thai furniture brand Kitt.Ta.Khon.

    Next to that is a mini-exhibition with a vintage silk loom at its heart, highlighting the brand’s rich heritage. Interactive tablet screens show the process of producing silk at Jim Thompson’s farm several hours outside the capital and share the story – and the mystery – of Jim Thompson, the man.

    “You can see the story from the beginning of our brand history to today,” explains Jirames Suriwongsewarakul, senior manager of retail operations for Jim Thompson.

    “While the Heritage Quarter site focuses on the story of the man, the One Bangkok display focuses more on how Jim Thompson built a company around using Thai silk to make fine garments and furnishings.”

    There is also a display showing some high-profile projects worldwide in which architects and designers have specified Jim Thompson fabrics and furnishings for upmarket hotels, resorts, restaurants, and luxury retail spaces.

    A colour wall created from multiple spools of coloured silk arranged like a rainbow serves as a backdrop for selfies and Instagram photos.

    Food is a growing focus for Jim Thompson, which considers hospitality a key brand element.

    “When we decided to become a global lifestyle brand, we wanted to combine everything: food, art, culture and the retail experience, all in the same place,” explains Limpinon. “That started in the Jim Thompson Heritage House, and now we will roll out this idea to other locations.”

    In preparation for the evolution, Jim Thompson closed down restaurants it operated in Singapore and Japan around the Covid era as it worked to reform the brand in Thailand and create a new offer that could then be rolled out in selected Thai locations before being exported to other markets in the future.

    Jim’s Terrace, the One Bangkok restaurant and bar, serves crafted beverages and delicious Thai foods to be enjoyed with panoramic views over One Bangkok’s green landscape and The Wireless House One Bangkok – Thailand’s first telegraph station built in 1914, revived with a modern contemporary exhibition.

    In design terms, Jim Thompson has been careful to retain what it considers its iconic style. The colours, elements such as the cushion covers, the wooden floors (upstairs) and the framed hero portrait of the brand’s late founder all lend a familiarity to any customer who has experienced the company’s multi-storey Bangkok flagship store or the newer showcase within the heritage compound.

    In time, products will be created exclusively for the store, along with collaborations with other One Bangkok tenants and partners that are already in planning.

  • Inditex posts solid nine-month revenue growth

    Inditex posts solid nine-month revenue growth

    Apparel giant Inditex says its net revenue grew by 7.1 per cent, reaching US$29.04 billion (€27.4 billion) for its first nine months.

    The company says the results reflect strong growth for its physical stores and online channels.

    Inditex’s gross profit increased by 7.2 per cent, totalling $17.33 billion (€16.3 billion), while its EBITDA jumped by 9.3 per cent, reaching $6.09 billion (€5.7 billion).

    The company continued its expansion, with 45 new store openings across multiple markets. By the end of the period, Inditex operated 5659 stores globally.

    Looking ahead, Inditex said it’s focused on its long-term growth, with an investment of $951 million (€900 million) annually in logistics for this year and the next. This investment aims to improve the company’s logistics capacity and enhance its integrated business model.

    Zara, Inditex’s flagship brand, continues to lead the portfolio, along with other brands such as Bershka, Massimo Dutti, Oysho, Pull&Bear, Stradivarius, Uterqüe, and Lefties.

  • L’Oreal acquires South Korea’s Dr.G in skincare deal with Migros

    L’Oreal acquires South Korea’s Dr.G in skincare deal with Migros

    French cosmetics giant L’Oreal said on Monday it had agreed to buy Gowoonsesang Cosmetics, which includes South Korean skincare brand Dr.G., from Swiss retailer Migros.

    The Korean beauty market is dominated by local brands known for being among the world’s most innovative, and increasingly popular overseas as part of a trend for ‘K-Beauty’.

    Dr.G will meet rising demand for K-Beauty and effective yet affordable skincare, L’Oreal said in a statement, adding that it has a growing pan-Asian presence and global growth potential.

    “We have been following the brand and its success for many years and we look forward to accelerating its growth in South Korea and the rest of the world,” said Alexis Perakis-Valat, global president of L’Oréal’s consumer products division.

    Reuters reported on Friday that L’Oreal and Migros were in final talks on a deal. Migros announced a strategic review of its Mibelle cosmetics group in February, saying it wanted to find a new home for the owner of Gowoonsesang and other brands.

    L’Oreal did not give a valuation for the deal, which comes amid a slowdown in China, previously one of the fastest-growing beauty markets.

  • LVMH buys into Swedish label Our Legacy

    LVMH buys into Swedish label Our Legacy

    LVMH has acquired an undisclosed minority stake in Swedish fashion brand Our Legacy, The Business of Fashion reported.

    The transaction comes following Our Legacy posting sales of €40 million (US$42.9 million) in the year ended June 30.

    Our Legacy will use the proceeds of the transaction to strengthen operations and open flagship stores in key cities such as Paris, New York, Los Angeles, Tokyo, Shanghai, and Hong Kong.

    Currently, Our Legacy has two stores in Stockholm, one in London and one in Berlin. It also has three stores in South Korea, in partnership with local distributor Handsome Corp.

    The brand is set to open a new store in Paris in late next year.

    “It’s not like we needed the investment from a cash-flow perspective – our revenue figures doubled three years in a row and we achieved really healthy profitability,” Jockum Hallin, Our Legacy co-founder, told the BOF.

    “It’s more to look to the future as we build the next era.”

  • Watsons opens 8000th Asia store in Manila

    Watsons opens 8000th Asia store in Manila

    Health and personal care retailer Watsons has opened its 8000th Asia store at SM Mall of Asia in Manila.

    “The Philippines has been selected for this momentous occasion because it’s one of the fastest-rising economies in Asia and a strategic market for AS Watson,” said Malina Ngai, CEO of AS Watson Group.

    “This vibrant and highly potential market has a young demographic that increasingly focuses on health and beauty, aligning perfectly with Watsons’ expertise.”

    The new store forms part of the company’s commitment to enhancing its offline plus online customer experience.

    Watsons currently operates 8000 stores and more than 1500 pharmacies in Asia, Europe, and Middle East.

  • Italian jewellery brand Vhernier enters Vietnam

    Italian jewellery brand Vhernier enters Vietnam

    Italian luxury jeweller Vhernier will make its physical debut in Vietnam in collaboration with local distributor Runway Vietnam.

    The brand’s collection, which includes Abbraccio, Calla, and Eclisse, will be available at the Runway Rex Hotel in Ho Chi Minh City.

    Vhernier, founded in Milan in 1984, specialises in hand-sculpted, design-driven jewellery. Richemont acquired the brand entirely in a private transaction in May.

    Vhernier currently has physical operations in Dubai, New York, and Paris. The brand’s products are also available via authorised dealers worldwide.

  • Puma opens its first flagship in Vietnam

    Puma opens its first flagship in Vietnam

    Sportwear retailer Puma has launched its first flagship in Vietnam, following the opening of its largest Southeast Asian store in Malaysia.

    The store is located in the centre of Ho Chi Minh City, in the Vincom Dong Khoi shopping mall, and offers a broad selection of Puma items for men and women.

    The launch is part of Puma’s Southeast Asian development strategy.

    Puma debuted in Vietnam in the 2000s and is distributed exclusively by Maison through around 14 physical stores in Vietnam.

    In June, Puma named K-pop girl band member, Blackpink’s Rose, as its global brand ambassador, joining Rihanna, A$AP Rocky, Dua Lipa, and Skepta.

  • Zara opens first tech-forward concept store in Thailand

    Zara opens first tech-forward concept store in Thailand

    Zara has renovated its store in Central Phuket, making it the brand’s first tech-forward concept store in Thailand.

    The store, which first opened in 2011, features a white minimalist interior design and has more than doubled in size, from 840sqm to more than 1700sqm. It features technology tools that allow customers to integrate online and physical store platforms.

    This is part of the brand’s global rollout of its new concept, which aims to provide customers with a more spacious, innovative, and sustainable shopping experience.

    The Inditex-owned company unveiled its first tech-forward concept store in Madrid, Spain, which it characterised as the “most advanced” store in 2022. The store concept focuses primarily on technology tools that allow consumers to browse the store of their choice online, check available stock, shop online, and pick up their products in just two hours.

    It also promotes sustainability in store, where it uses eco-friendly products and “some of the most advanced environmental eco-efficient systems”

    Zara has also launched this model with stores in the US, India, and Portugal.

  • Indonesia’s Tomoro Coffee accelerates Southeast Asia expansion

    Indonesia’s Tomoro Coffee accelerates Southeast Asia expansion

    Indonesian coffee brand Tomoro Coffee is planning to expand its retail operations in Southeast Asia with plans to open stores in Malaysia, Cambodia, Vietnam and Thailand.

    The business plans to open 3000 locations across the region next year, with 1000 in Indonesia.

    “Southeast Asia was chosen because the coffee culture in this region has been rooted for more than 200 years and the coffee consumption per capita is quite high,” said Tomoro Coffee’s MD Wang Chao at a press conference.

    Tomoro Coffee, which opened in 2022, has 600 stores in Indonesia and sold 40 million cups last year.

    The brand debuted in China last November with its first store in Shanghai, followed by six locations in Singapore in March and 12 in the Philippines since June of this year.

    Tomoro Coffee is backed by venture capital firm ATM Capital.

  • Jacob & Co opens first Macau boutique

    Jacob & Co opens first Macau boutique

    Jacob & Co, in partnership with Cortina Watch, has opened its first Macau boutique.

    “As curators of exceptional timepieces, we are thrilled to introduce Jacob & Co to North Asia and offer our discerning clients an unparalleled horological experience,” said Benny Chong, Cortina Holdings regional GM.

    “This partnership exemplifies our commitment to present our clients with the most extraordinary pieces, where artistry meets innovation, and where each timepiece tells a story of pushing boundaries.”

    The luxury retailer’s new store at The Venetian Macao features monochrome tones, refined leather textures, and diamond-inspired lighting elements.

    The shop features include the newly launched Bugatti Tourbillon, the Casino Tourbillon

  • Uniqlo to open global flagship in former Bicqlo site in Shinjuku

    Uniqlo to open global flagship in former Bicqlo site in Shinjuku

    Uniqlo is set to open a new global flagship store in Shinjuku, replacing the former Bicqlo location, as part of its aggressive expansion plan.

    In addition to offering its range of clothing and accessories, the store will feature unique elements such as Uniqlo Flower, Uniqlo Coffee, and Re:Uniqlo.

    Uniqlo Flower is located on the first floor, selling seasonal flowers and will be displayed at the store’s entrance. On the second floor, Uniqlo Coffee will serve beverages and local sweets.

    Additionally, the third floor will house Re:Uniqlo Studio where customers can access embroidery and clothing repair services, encouraging shoppers to care for and extend the life of their garments.

    To celebrate its opening, Uniqlo will release an exclusive Shinjuku Mainstore Special, which will feature select Western products not previously available in Japan; and a Shinjuku Department Store Guidebook, a booklet introducing the town, insights from staff from long-established local stores, and cultural figures from the district.

  • Dior opens reinvented Galaxy Macau boutique

    Dior opens reinvented Galaxy Macau boutique

    Luxury fashion house Dior has launched its revamped Galaxy Macau boutique, offering more exclusive shopping experiences.

    The store, located at one of the finest shopping locations, Galaxy Promenade, has two floors and offers a varied range of items such as ready-to-wear and accessories designed by Maria Grazia Chiuri and Kim Jones, as well as watches and jewellery.

    The venue also features the My Dior fine jewellery line, the Dior autumn-winter 2024-2025 ready-to-wear collection with 30 Montaigne models, and Victoire de Castellane’s Rose des Vents and My Dior designs.

    The second store features men’s clothes from the Dior Winter 2024-2025 collection, as well as the Lifestyle Capsule, which focuses on board sports.

    In addition, the boutique offers VIP private shopping spaces.

  • Li & Fung to launch Sanctuary denim under licensing partnership

    Li & Fung to launch Sanctuary denim under licensing partnership

    Li & Fung – a global brand distribution company based in Hong Kong – has teamed up with US apparel brand Sanctuary to create and distribute a new line of women’s denim under a licensing agreement.

    Sanctuary said the partnership will help the brand expand its denim category, reach more customers, and diversify its distribution channels.

    The collection will feature a various denim in different cuts and washes, as well as shorts, skirts, and jackets. The washes will include white, light, medium, dark, and black colour options.

    Additionally, the denim line will be made from responsibly sourced cotton and recycled materials, using innovative, eco-friendly washes to minimise water usage and chemical waste.

    Deb Polanco, co-founder and chief creative officer of Sanctuary, said the collaboration aims to leverage Li & Fung’s expertise to meet the growing demand for their products.

    “We are dedicated to providing perfectly fitting pants, building on our reputation as master pant makers and creators of the original 90s cult cargo,” Polanco added.

    “We are excited for our customers to explore the new denim collection this spring and find their new favourite jeans, shorts, or jacket.”

    The Li & Fung x Sanctuary denim collection is set to launch in February next year at department stores, specialty retailers, and online, and will also be available for wholesale.

    Sanctuary was founded in Los Angeles in 1997 by Polanco and her husband Ken. The company says on its website that its designs reflect “the laid-back aesthetic of California, the effortless attitude of New York, and the adventurous spirit of the world to inspire and guide women through their 24/7 style”.

  • Levi’s to fuel growth ambitions with Suria KLCC Malaysia store reopening

    Levi’s to fuel growth ambitions with Suria KLCC Malaysia store reopening

    Levi’s has reopened its expanded store at Suria KLCC, Malaysia. Spanning 393sqm, this is the brand’s largest flagship in Southeast Asia and part of its direct-to-consumer expansion strategy in the region.

    The new store features the brand’s signature NextGen Indigo format, designed to deliver an immersive shopping experience, with modern touches like LED portal entry and elevated style lounges.

    It will offer various collections including Levi’s Vintage Clothing, the Made in Japan line, and climate-adaptive offerings such as the Performance Cool range.

    Levi’s also partnered with local artists to offer unique, Malaysia-inspired personalisation options. For the reopening, the brand worked with street artist Cloakwork to design exclusive heat press patches that celebrate local heritage.

    In addition, the Suria KLCC outlet has its very own Tailor Shop, offering consumers the option to personalise and customise their apparel.

    Nuholt Huisamen, MD of East Asia Pacific, Levi Strauss and Co, said strengthening its presence in Southeast Asia is crucial for the brand’s growth ambitions.

    “Our ambition is to become a $10 billion company and a world-class retailer, and our international business will play an integral role in helping us to achieve this,” said Huisamen.

    “Southeast Asia – and the broader East Asia Pacific region – holds immense potential for us, with many markets leading the way in creating fashion trends that are quickly picked up globally.”