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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.

  • Guess Inc. To Go Private In $1.4b Deal With Authentic Brands And Marciano Founders

    Guess Inc. To Go Private In $1.4b Deal With Authentic Brands And Marciano Founders

    Guess, a renowned fashion and lifestyle brand, is preparing to transition into a privately-held company following a US$1.4 billion pact with Authentic Brands Group, major shareholders, and co-founders Maurice and Paul Marciano, Nicolai Marciano, as well as CEO Carlos Alberini.

    Details of the Agreement

    According to the terms of this agreement, Authentic Brands Group is slated to acquire the majority stake, 51%, of Guess’s intellectual property. Meanwhile, the Marciano family and their affiliated entities will retain a minority stake of 49%.

    Despite the shift in ownership, Guess’s management team will continue to operate the business and retain full ownership of the operating company. Shareholders who are not part of the founding group are set to receive a cash payment of $16.75 per share.

    The Future of Guess

    Jamie Salter, the founder, chairman, and CEO of Authentic Brands, expressed his excitement and optimism about the impending partnership with the Marcianos. He acknowledged Guess as a dominant brand that has significantly influenced style and culture for over four decades. Salter is eager to collaborate with the Marciano family as Guess embarks on this new phase, building upon its enduring legacy.

    Questions & Answers

    What will be the distribution of Guess’s intellectual property ownership following the deal?
    Following the agreement, Authentic Brands Group will own 51% of Guess’s intellectual property, while the Marciano family and their affiliated entities will retain a 49% stake.

    What will happen to shareholders who are not part of the founding group?
    Shareholders who are not part of the founding group will receive a cash payment of $16.75 per share as a result of the agreement.

    Who will continue to manage Guess after the deal?
    Despite the change in ownership, Guess’s current management team will continue to run the business, maintaining full ownership of the operating company.

  • LVMH Targets Asia: Luxury Market Expansion Amid Shifting Retail Landscape

    LVMH Targets Asia: Luxury Market Expansion Amid Shifting Retail Landscape

    In a move that underscores the ever-evolving world of retail, French luxury goods giant LVMH Moët Hennessy Louis Vuitton has set its sights on expansion in Asia. The company recently announced plans to increase its investment in the region, aiming to capture a larger share of the burgeoning luxury market. With a growing middle class and an appetite for high-end products, Asia has emerged as a hotspot for luxury retail, prompting LVMH to adapt its strategy and deepen its footprint.

    Luxury Frenzy: A Golden Opportunity

    This latest initiative aligns seamlessly with LVMH’s ongoing effort to cater to the region’s affluent consumers, who are increasingly favoring homegrown experiences over international travel. Notably, China remains at the forefront of this luxury boom, with more than 35% of global luxury sales now occurring within its borders. This trend showcases not just resilience but also a vibrant enthusiasm for luxury brands that many thought would wane. Spoiler alert: it hasn’t!

    A Blazing Trail in Retail Innovation

    To strategically position itself within this competitive landscape, LVMH plans to boost its digital presence. As online shopping transforms how consumers interact with brands, the company is shifting gears to enhance its e-commerce capabilities, making luxury shopping as easy as a click. It’s no coincidence that they are investing heavily in technology to create engaging platforms and luxurious online experiences that resemble their flagship stores.

    Tailored Approaches for Diverse Markets

    Each market within Asia offers unique opportunities and challenges, prompting LVMH to tailor its approach for various consumer preferences. While wealth is concentrated in urban centers, shopping behaviors fluctuate wildly between regions. With this understanding, LVMH is conducting in-depth market studies to customize both product lines and marketing strategies accordingly. This meticulous attention to detail could be the key to winning over luxury aficionados from Tokyo to Mumbai.

    The Road Ahead: Sustaining Growth

    As LVMH ramps up its investment in Asia, the company faces the challenge of maintaining sustainable growth amid shifting economic landscapes. Market analysts are closely monitoring how both local and global factors will influence consumer spending habits. The retailer’s leadership remains optimistic, betting that strong brand loyalty and innovative marketing will prevail in attracting the discerning customers lined up at the entrance of their luxurious establishments.

    Questions & Answers

    What is LVMH’s plan for expanding in Asia?
    LVMH aims to boost its investment in Asia to capture a larger share of the luxury market, enhancing their digital presence and focusing on tailored approaches for diverse regional markets.

    How significant is the luxury market growth in Asia?
    Asia, particularly China, represents over 35% of global luxury sales, highlighting its status as a key player in the luxury retail landscape with a rapidly growing middle class.

    What strategies is LVMH employing to reach consumers?
    The company is increasing its digital capabilities and conducting detailed market studies to adapt its product lines and marketing strategies to the distinct preferences of consumers across various Asian markets.

  • Louis Vuitton Enters Cosmetics Industry With Sustainable, Luxury Makeup Line, La Beaute

    Louis Vuitton Enters Cosmetics Industry With Sustainable, Luxury Makeup Line, La Beaute

    Luxury fashion brand Louis Vuitton is venturing into the cosmetic industry with the introduction of La Beaute, a premium makeup line. The initial launch is set to take place in China this month, with a worldwide expansion planned shortly after.

    The Creative Force Behind La Beaute

    The creative process for developing this collection was steered by renowned British makeup artist, Dame Pat McGrath. The French luxury establishment communicated that the products come in artistically designed containers that are intended to be lifelong keepsakes.

    The makeup assortment features 55 lipsticks, 10 lip balms, and a variety of eyeshadow palettes.

    Sustainable and Luxurious

    All items in the collection are designed with sustainability in mind, as they are refillable. Customers can purchase replacement lipstick bullets and individual eyeshadow shades as needed.

    Adding an extra touch of luxury, the lip products, a collaboration with Louis Vuitton’s master perfumer Jacques Cavallier Belletrud, are also fragranced. The Rouge lipsticks boast a blend of mimosa, jasmine, and rose scents, while the Baumes lip balms carry hints of mint and raspberry.

    “Makeup is culture; it is power; it is presence; and it’s personal,” McGrath, the creative director of cosmetics for La Beaute, said of the new line.

    Pricing and Availability

    The lipsticks and balms from the range are priced at $160 each, while the eyeshadow palette is available for $250.

    The brand is planning a digital pre-launch scheduled for August 25.

    Questions & Answers

    What is the price range for the La Beaute makeup line?
    The lipsticks and lip balms are valued at $160 each, whereas the eyeshadow palette is priced at $250.

    Are the products in the La Beaute makeup line refillable?
    Yes, all the products in the line, including lipsticks, lip balms, and eyeshadows, are refillable.

    Who is the creative director behind the La Beaute line?
    The La Beaute makeup line was developed under the creative direction of renowned British makeup artist, Dame Pat McGrath.

  • Maison Francis Kurkdjian Expands Hong Kong Presence With New Flagship Store In Harbour City

    Maison Francis Kurkdjian Expands Hong Kong Presence With New Flagship Store In Harbour City

    Luxury perfume brand Maison Francis Kurkdjian, a part of the LVMH group, has recently expanded its retail presence in Hong Kong by inaugurating a new boutique in Harbour City. This store stands as a regional flagship for the brand, supplementing its existing retail outlet located at K11 Musea.

    Boutique Design Inspired by Paris Flagship

    The design of the new Hong Kong outlet echoes the aesthetic of the brand’s principal store at 24, Rue Francois 1er in Paris. A key feature of the Parisian boutique – a private room dedicated to providing premium client experiences – has been incorporated into the design. Furthermore, the Hong Kong store includes unique aspects tailored for the local market, including a hand experience that is exclusive to this location.

    The interior of the store showcases a balanced blend of materials, incorporating Lutetian limestone, marble, patterned concrete, and warm wood tones. In keeping with the brand’s identity, the design includes subtle details like recurring K-shaped motifs and a stone engraving that marks the brand’s establishment in 2009.

    Full Product Range and Customisation

    The Harbour City boutique stocks the complete range of Maison Francis Kurkdjian’s fragrance and body care products. A unique feature of the store is its provision of an engraving service, allowing customers to customise their purchases.

    To celebrate the boutique’s opening, the brand has reintroduced four previously discontinued fragrances under the ‘My Very Intimate Perfumes’ collection. These exclusive scents are available only at the Harbour City store and through the brand’s online platform.

    Increasing Global Presence

    This latest opening, managed directly by the brand, takes the total number of Maison Francis Kurkdjian boutiques around the world to 22. The move is part of a wider strategy to bolster the brand’s international footprint.

    Questions & Answers

    What unique features does the new Maison Francis Kurkdjian store in Hong Kong offer?
    The store offers a unique hand experience and an engraving service for product customisation. These features are specific to the brand’s new Harbour City location.

    What design elements does the Hong Kong store share with the Paris flagship?
    The design of the Hong Kong store is inspired by the brand’s Paris flagship, incorporating a blend of materials such as Lutetian limestone, marble, patterned concrete, and warm wood tones. Recurring K-shaped motifs and a stone engraving marking the brand’s founding in 2009 are also part of the design.

    What products are available in the new store?
    The Harbour City boutique houses the complete range of Maison Francis Kurkdjian’s fragrance and body care products and has reintroduced four previously discontinued fragrances from the ‘My Very Intimate Perfumes’ collection.

  • Birkenstock Reports Strong Q3 Growth, Boosted By Rising Demand Across All Primary Markets

    Birkenstock Reports Strong Q3 Growth, Boosted By Rising Demand Across All Primary Markets

    Birkenstock, a well-known footwear brand, has announced strong financial figures for its third fiscal quarter, which ended on June 30. This growth was propelled by increased demand in all primary markets.

    Revenue and Net Income

    Birkenstock’s total revenue for the quarter reached an impressive €635 million, which is equivalent to approximately US$699 million. This represents a 16% increase in constant currency terms, compared to the same timeframe in the previous year. The reported revenue also experienced a 12% uplift, although this was somewhat influenced by currency fluctuations.

    The company also enjoyed a significant increase in its net income, which rocketed to approximately €129 million, or $142 million. This shows a substantial 73% increase compared to the previous year.

    Regional Contributions

    Every major region contributed to this growth. The Asia-Pacific region led the surge with a 24% increase in constant-currency revenue. This was followed by the Americas and the EMEA regions, which saw increases of 16% and 13% respectively.

    Company Performance

    Oliver Reichert, CEO of Birkenstock, stated that the company’s underlying demand remains robust and they are on track to achieve their targeted constant currency growth at the high end of the 15-17% range they anticipated at the start of the year.

    The CEO also mentioned that they saw significant margin improvement in the quarter, fueled by net sales price adjustments after inflation and better absorption. He believes they are well-positioned to handle the impact of the ongoing 15% US/EU tariff agreement through pricing adjustment, cost discipline, and efficient inventory management. This is all in an effort to protect the long-term health and profitability of the Birkenstock brand.

    Sales and Expansion

    The sales momentum for this quarter was widespread, with wholesale revenue growing 18% on a constant currency basis and direct-to-consumer sales increasing by 12%.

    During the quarter, Birkenstock opened 13 new stores, bringing its total number of owned retail locations to 90 globally.

    The company is actively growing its direct-to-consumer footprint in conjunction with its sustained revenue growth. They are also investing to expand production capacity to meet the rising demand.

    Questions & Answers

    What is the total revenue for Birkenstock’s third fiscal quarter?
    The total revenue for Birkenstock’s third fiscal quarter is approximately €635 million, or US$699 million.

    Which region led in terms of revenue growth for Birkenstock?
    The Asia-Pacific region led the way for Birkenstock with a 24% increase in constant-currency revenue.

    What strategies is Birkenstock implementing to manage the impact of the 15% US/EU tariff agreement?
    Birkenstock is managing the impact of the 15% US/EU tariff agreement through pricing adjustment, cost discipline, and efficient inventory management.

  • Asics Unveils Flagship Store In India: A Strategic Move In Expanding Market Presence

    Asics Unveils Flagship Store In India: A Strategic Move In Expanding Market Presence

    Global athletic apparel titan Asics has recently unveiled its flagship store in India, occupying a prime location in the heart of New Delhi’s bustling Connaught Place. As the brand’s largest retail space in the country, this new outlet represents a significant strategic move aimed at expanding Asics’ presence in the Indian domestic market.

    The Flagship Store

    Sprawling over an expansive 2800 square feet, the flagship store is a comprehensive showcase of Asics’ diverse product lines. In addition to its highly regarded performance running gear, the store offers a broad range of core performance sports items, SportStyle products, and apparel ranges.

    Asics has designed this extensive retail space to cater to a wide spectrum of consumers. Beyond its core performance offerings, the brand aims to appeal to casual wearers and leisure-focused customers by integrating SportStyle and athleisure into their product repertoire. The store is thus positioned to attract everyone from elite athletes to lifestyle-focused and fitness-conscious consumers.

    Store Design and Layout

    The store layout features numerous wall displays and category zones, reflecting Asics’ commitment to innovation and product discovery. These strategic elements of the store’s design facilitate seamless navigation for customers and ensure that the full range of Asics’ products are effectively showcased.

    Brand Expansion and Growth

    The launch of this flagship store underscores Asics’ ongoing investment in strategic store zoning, comprehensive product assortments, and experiential sales formats. Furthermore, it serves as a clear signal of the brand’s expansion objectives, with plans to establish a network of 200 stores across the country by the forthcoming year. This ambitious expansion includes the launch of the brand’s first company-owned outlet later this year.

    Asics’ decision to strengthen its physical retail footprint in India is a testament to the country’s robust footwear market, which is projected to grow at a compound annual growth rate (CAGR) of 12.2 per cent.

    Manufacturing Plans

    In response to India’s stringent import regulations, Asics announced in June its plan to increase domestic manufacturing to 40 per cent over the coming years, thereby ensuring a consistent product supply.

    Questions & Answers

    What is the significance of Asics’ new flagship store in India?

    The new flagship store represents Asics’ strategic move to expand its market presence in India and cater to a broader range of consumers, from elite athletes to lifestyle-focused and fitness-conscious individuals.

    What is Asics’ expansion plan in India?

    Asics plans to extend its network to 200 locations across India by next year, including the launch of its first company-owned outlet.

    How does Asics plan to maintain a steady supply of products in India?

    To ensure a consistent supply chain, Asics intends to increase its domestic manufacturing in India to 40 per cent over the coming years, in response to the country’s strict import regulations.

  • Pandora’s Q2 Report Shows Robust Growth Driven By U.s. Demand And Global Expansion

    Pandora’s Q2 Report Shows Robust Growth Driven By U.s. Demand And Global Expansion

    In the second quarter of this year, Danish jewelry powerhouse Pandora reported strong financial outcomes, bolstered by substantial demand in the United States and continued international expansion.

    Financial Health

    Pandora’s organic revenue experienced an 8% increase year-on-year, driven by a 3% growth in like-for-like (LFL) sales and a 5% contribution from network expansion. The company’s net income experienced a minor rise, amounting to DKK 803 million (approximately US$125 million), a slight increase from DKK 799 million (US$124 million) during the same quarter last year.

    Regional Performance

    Geographically, the United States remained Pandora’s primary growth driver, with an 8% LFL sales boost in Q2. Other regions showed promising results as well: the rest of the world reported a 6% LFL growth, while Europe exhibited a modest 1% growth. Nonetheless, several key European countries such as Spain, Portugal, the Netherlands, and Poland, demonstrated impressive double-digit gains.

    Strategic Growth and Expansion

    In the second quarter of 2025, Pandora expanded its retail footprint, launching a net of 17 concept stores and adding eight Pandora-operated shop-in-shops. This brings the total to 93 concept stores and 87 shop-in-shops globally over the past year.

    Physical retail remains a significant part of Pandora’s strategic focus, although the company is refining its market approach. Between 2024 and 2026, Pandora plans to open 400 to 500 net concept stores. However, the full-year 2025 target has been revised down to 25–50 net openings from the initial forecast of 50–75. This adjustment reflects intensified optimization initiatives in China, where up to 100 store closures are now anticipated, doubling the previous minimum estimate of 50.

    Despite these expected store closures in China, Pandora projects to maintain 3% network-driven organic growth for the year. The company’s plan to inaugurate approximately 25 new Pandora-operated shop-in-shops this year remains unchanged.

    Enhancing Customer Experience and Brand Identity

    One significant highlight of the quarter was the opening of Pandora’s second global flagship store on the Las Vegas Strip. With a target of transforming up to 1425 stores by the end of 2026, Pandora aims to enhance both customer experience and brand visual identity significantly.

    Later this year, Pandora plans to launch two new charm collections, Pandora Talisman and Minis, targeting younger, value-conscious shoppers. Additionally, the company aims to sustain momentum around its ‘Be Love’ campaign, emphasizing localized storytelling and influencer activations in crucial markets.

    Addressing Challenges

    Pandora also recognizes the increasing cost pressures related to tariffs, particularly in the United States. Import duties on goods from Thailand, China, Vietnam, and India are expected to cost the company DKK 200 million (US$31 million) in FY25, potentially rising to as much as DKK 450 million (US$70 million) annually by FY26.

    Questions & Answers

    What drove Pandora’s growth in the second quarter?
    Pandora’s growth in the second quarter was driven by robust demand in the United States and continued international expansion.

    What are Pandora’s plans for physical retail expansion?
    Pandora plans to open 400 to 500 net concept stores between 2024 and 2026. However, due to optimization efforts in China, the company has revised down its full-year 2025 target to 25–50 net openings.

    What are some of the challenges Pandora currently faces?
    Pandora is facing increasing tariff-related cost pressures, particularly in the United States, where import duties on goods from several countries are projected to cost the company up to DKK 450 million (US$70 million) annually by FY26.

  • Asics Raises Annual Forecast Following Impressive Half-year Performance Across All Product Lines

    Asics Raises Annual Forecast Following Impressive Half-year Performance Across All Product Lines

    Leading sportswear brand Asics has adjusted its annual forecast upwards, following an impressive performance in the first half of the year. The company’s exceptional sales growth was seen across all product categories and global regions.

    Asics witnessed a robust 17.7% year-over-year increase in net sales, amounting to $2.74 billion. The operating profit also experienced a significant rise, reaching $551.48 million, with the profit ascribed to owners standing at $364.48 million.

    Segment-Wise Growth

    The company’s performance running segment reported an 8.2% rise in sales, equal to $1.26 billion, with profit experiencing a 13.3% boost. Core performance sports also showed a positive trend, increasing 4.8% to reach $300.02 million, while its profit rose 16.5%.

    Asics’ apparel and equipment segment experienced a 6.9% sales increase, hitting the $136 million mark, while recording a remarkable 45.1% profit surge.

    In terms of lifestyle-oriented segments, SportStyle demonstrated significant growth, with sales skyrocketing by 46.4% to reach $457.71 million, and profit rising by 60.9%. Similarly, the Onitsuka Tiger brand experienced a 50.1% sales increase, reaching $447.98 million, with profit rising by 54.5%.

    Regional Sales Growth

    Asics experienced growth in all its regional markets. Japan’s sales increased by 24.3%, reaching $674.97 million, while North America saw a 9.1% rise, amounting to $502.59 million. Europe’s sales growth stood at 24.2%, reaching $773.64 million, while Greater China reported a 16.9% increase, amounting to $421.76 million.

    In addition to these, substantial gains were reported from Southeast and South Asia, with a growth rate of 33.4%, and Oceania, which increased by 3.8%.

    Leadership Commentary

    Koichiro Kodama, who serves as the President and CEO of Asics North America, expressed confidence in the company’s global performance. He underlined the steady demand for Asics products across various regions as an indicator of the brand’s strong market presence.

    Kodama emphasized the company’s unceasing efforts to develop technologically advanced performance running products. At the same time, he stressed the importance of staying informed about broader cultural and lifestyle trends to support the sportstyle category.

    Questions & Answers

    What were the net sales of Asics for the first half of the year?
    Asics reported net sales of $2.74 billion for the first half of the year.

    Which product segment reported the highest sales growth?
    The SportStyle segment reported the highest sales growth, with a surge of 46.4%.

    Which regions experienced the most significant sales growth?
    Europe and Japan were the regions with the most significant sales growth, reporting increases of 24.2% and 24.3% respectively.

  • Heinz And Smoothie King Launch Groundbreaking Tomato Ketchup-based Smoothie In Select Us Markets

    Heinz And Smoothie King Launch Groundbreaking Tomato Ketchup-based Smoothie In Select Us Markets

    In an unexpected partnership, famed condiment producer Heinz and beverage giant Smoothie King have come together to introduce a pioneering concept in the beverage industry – a smoothie that is based on ketchup. Drawing inspiration from the viral internet conundrum, ‘If tomatoes are a fruit, can ketchup be seen as a smoothie?’, this unique, limited-edition creation has been christened the Heinz Tomato Ketchup Smoothie.

    A Savoury-Sweet Blend

    This one-of-a-kind smoothie is a blend of Heinz Simply Tomato Ketchup and typical fruit smoothie components like acai sorbet, apple juice, strawberries, and raspberries. The collaboration has resulted in an intriguingly tangy yet sweet beverage that has been described by both companies as an ideal “refreshing summer sip.”

    The Vice President of R&D and product marketing at Smoothie King, Lori Primavera, spoke about the process of creating this innovative smoothie. She said, “After several months of thorough R&D, testing and tasting, we have successfully developed a savoury-sweet blend that honours the versatility of the tomato. Our constant commitment to nutritious ingredients and our Clean Blends promise is evident in every recipe we create, and this daring new blend is no exception!”

    Availability

    The groundbreaking Heinz Tomato Ketchup Smoothie will be available at selected Smoothie King outlets in five US markets. These include Atlanta, Chicago, Denver, Miami, and the Greater New York/New Jersey area. Priced at US$5.70, this unique beverage will be on sale as long as stocks last.

    Earlier this year, Heinz had also collaborated with the Philippine milk tea chain Macao Imperial Tea to create ReMix, an innovative blend of tea and condiments.

    Questions & Answers

    What is the Heinz Tomato Ketchup Smoothie?
    The Heinz Tomato Ketchup Smoothie is a unique, limited-edition beverage developed in collaboration between Heinz and Smoothie King. It blends Heinz Simply Tomato Ketchup with classic fruit smoothie ingredients.

    Where can I purchase the Heinz Tomato Ketchup Smoothie?
    The smoothie will be available at select Smoothie King locations across five US markets: Atlanta, Chicago, Denver, Miami, and the Greater New York/New Jersey area.

    What is the price of the Heinz Tomato Ketchup Smoothie?
    The Heinz Tomato Ketchup Smoothie is priced at US$5.70 and will be available while supplies last.

  • Skechers Reports Strong Q2 Growth Of 13.1%, Bolstered By International Market Success

    Skechers Reports Strong Q2 Growth Of 13.1%, Bolstered By International Market Success

    Skechers, the global footwear leader, reported its financial results for the second quarter of 2025, reflecting an overall positive growth across its various business channels. The company’s total revenue for the quarter was recorded at US$2.44 billion, marking a 13.1% increase compared to the same period in the previous year. This growth is primarily attributed to robust demand in both its wholesale and direct-to-consumer channels.

    A Closer Look at the Financials

    The net income of Skechers witnessed a significant surge of 21.5%, reaching $170.5 million, up from $140.3 million registered in the corresponding period of the previous year. The wholesale revenue for the quarter was also on an upward trajectory, accounting for $1.30 billion, a 15% increase from the prior-year period. Direct-to-consumer sales also followed suit, with an increase of 11% totaling $1.14 billion, compared to $1.03 billion noted a year earlier.

    In terms of domestic sales, the figures remained relatively stable, registering a marginal decrease of 0.2%. While wholesale sales experienced a decline of 7.5%, direct-to-consumer sales offset this with a 7.6% rise.

    International Market – A Strong Growth Driver

    The international market emerged as a key growth driver for Skechers with international sales constituting about 64.6% of the total revenue in Q2, a noticeable increase from approximately 60% a year earlier. This growth was spurred by a significant 29.6% increase in wholesale international sales and a 13.3% rise in direct-to-consumer international revenue.

    Despite a decline in China sales, which dropped 8.2% to $287.2 million, sales in the Asia Pacific region rose by 5.5% to $595.5 million. The Americas division witnessed a slight increase of 1.1% with sales amounting to $1.11 billion. However, the Europe, Middle East & Africa (EMEA) region showed the most robust regional growth, with sales surging 48.5% to $731.5 million.

    Looking Back at the First Half of 2025

    For the first half of 2025, Skechers reported total sales of $4.85 billion, signifying a 10% increase from the previous $4.41 billion in the prior year. The regional growth trends were similar to those of Q2, with EMEA witnessing an increase of 29.4%, Americas growing by 4.6%, and the Asia Pacific region recording a modest growth of 1.4%.

    Currently, Skechers operates over 5200 stores globally, which include both company-owned and third-party-owned locations. The company is confidently marching towards its goal of establishing 10,000 stores across the globe.

    Questions & Answers

    What was the total revenue of Skechers in Q2 2025?
    The total revenue of Skechers in the second quarter of 2025 was US$2.44 billion.

    Which region showed the strongest growth for Skechers?
    The Europe, Middle East & Africa (EMEA) region showed the strongest growth for Skechers, with sales jumping 48.5% to $731.5 million.

    How many stores does Skechers currently operate worldwide?
    Skechers currently operates more than 5200 stores worldwide.

  • Veteran Leader Hiren Gor Appointed As Levi Strauss & Co.’s Managing Director For Emerging Markets

    Veteran Leader Hiren Gor Appointed As Levi Strauss & Co.’s Managing Director For Emerging Markets

    Levi Strauss & Co has appointed Hiren Gor as the Managing Director for the South Asia, Middle East, and Africa (SAMEA) region, effective immediately.

    Gor is a veteran leader with a 16-year tenure at Levi’s, with his previous role being the General Manager for South Asia. During his time in the company, Gor has spearheaded retail expansion efforts, implemented the iconic store strategy, and increased the company’s digital and omnichannel operations. His promotion is aimed at aligning with Levi’s strategic plan of enhancing its footprint in crucial emerging markets.

    In his latest position, Gor will manage operations across South Asia, the Middle East, and Sub-Saharan Africa. He will be focused on fostering growth and intensifying the company’s presence in these diverse and highly competitive markets.

    Gor’s strategic clarity, operational excellence, and strong affiliation with the brand have been highly praised by the company. Gianluca Flore, the Chief Commercial Officer at Levi Strauss & Co., expressed his confidence that Gor’s leadership will continue to enhance the company’s commercial performance and deepen its influence across these dynamic markets.

    Levi Strauss & Co. has recently reported promising second-quarter results, exceeding initial expectations. The financial report for the second quarter, which ended on June 1, revealed a 6% increase in net revenues on a reported basis and a 9% rise on an organic basis, amounting to US$1.4 billion.

    Questions & Answers

    Who is the newly appointed Managing Director for the SAMEA region at Levi Strauss & Co.?
    Hiren Gor has been appointed as the new Managing Director for the South Asia, Middle East, and Africa (SAMEA) region at Levi Strauss & Co.

    What were some of Gor’s achievements during his previous role at the company?
    During his tenure, Gor led retail expansion efforts, implemented the iconic store strategy, and grew the company’s digital and omnichannel operations.

    What were the second-quarter financial results for Levi Strauss & Co.?
    The company reported a 6% increase in net revenues on a reported basis and a 9% rise on an organic basis, reaching US$1.4 billion.

  • Salomon Unveils Anfu Concept Store In Shanghai: A Fusion Of French Elegance And Chinese Innovation

    Salomon Unveils Anfu Concept Store In Shanghai: A Fusion Of French Elegance And Chinese Innovation

    Salomon, a French sporting lifestyle brand, has recently inaugurated its Anfu concept store in Shanghai, signaling an enhancement of its retail experience within the Chinese market.

    Situated in an iconic, French-style edifice on Anfu Road, the store mirrors a unique blend of French elegance, influenced by the Salomon Sportstyle store in Marais, Paris, and the vibrant local culture of Shanghai.

    The brand described the store as a bold platform that encapsulates both French and Chinese culture, the spirit of innovation, and an array of retail experiences.

    Guillaume Meyzenq, CEO and President of Salomon, stated, “The adaptation of the store embodies Salomon’s brand vision. This was enabled by our partners and the warm reception from local communities. It is becoming more and more evident that Chinese consumers are increasingly focusing on functionality and combined demands for style and performance. With the grand opening of the store, we anticipate growing alongside Chinese consumers and bringing more innovation to the global market!”

    In addition to hosting a unique shopping experience, the concept store also marked the premiere of the brand’s ‘Road to the Future Project’ in China, following its initial showcase during Paris Fashion Week.

    In the lead-up to the store’s official opening, Salomon partnered with 11 local businesses on Anfu Road to cultivate a strong bond with the local communities.

    Questions & Answers

    What is the significance of the new Salomon store in Shanghai?
    The opening of the new store signifies an upgrade in Salomon’s retail experience in the Chinese market. The store represents a fusion of French and Chinese culture and aims to cater to the growing functional and style demands of Chinese consumers.

    What is the ‘Road to the Future Project’?
    The ‘Road to the Future Project’ is an initiative by Salomon, which was first presented at Paris Fashion Week. The project made its debut in China with the opening of the Anfu concept store.

    How did Salomon connect with the local community ahead of the store opening?
    Prior to the official opening of the Anfu concept store, Salomon collaborated with 11 local businesses on Anfu Road, fostering a strong connection with the local communities.

  • Chow Sang Sang Joins Forces With Nuvei For North American Market Expansion

    Chow Sang Sang Joins Forces With Nuvei For North American Market Expansion

    Hong Kong’s renowned luxury jewellery brand, Chow Sang Sang, has announced its foray into the North American market. This expansion is made possible through a strategic partnership with Nuvei, an international payments company.

    Genevieve Chow, the Chief Brands Officer at Chow Sang Sang, shed light on the decision to collaborate with Nuvei. She explained that the company was chosen for its localised, secure and seamless payment system. “As we embark on our international expansion, particularly targeting North America, it’s crucial for us to have a payments partner that upholds our commitment to excellence,” she said.

    Nuvei’s platform is set to provide Chow Sang Sang with opportunities to penetrate into 50 markets. It also extends support for over 150 currencies and 720 alternative payment methods. This comprehensive system directly connects to global card networks, enhancing the approval rates and minimising payment friction.

    “Nuvei’s cutting-edge technology, local expertise, and global reach equip us to provide the premium experience our customers anticipate, both online and in-store,” Chow further stated.

    Nuvei’s recent attainment of a Money Services Operator (MSO) license in Hong Kong strengthens its position. The license enables Nuvei to offer local acquiring and settlement services in the market. This significant move supports Nuvei’s broader expansion goals in the Asia-Pacific region, including Greater China, Japan, Singapore and Australia.

    Phil Fayer, CEO of Nuvei, expressed his outlook on the partnership with Chow Sang Sang. He said, “Luxury brands like Chow Sang Sang are destined for global growth. With our MSO license and the expanding footprint in the APAC region, we’re excited to support the region’s most promising companies with payment technology designed for scalability.”

    Chow Sang Sang is a significant player in the luxury jewellery market, operating over 900 self-run stores spread across Mainland China, Hong Kong, Macau, and Taiwan. Its portfolio includes notable brands such as Chow Sang Sang, Promessa, MintyGreen, and Emphasis.

    Questions & Answers

    What is the significance of Chow Sang Sang’s partnership with Nuvei?
    The partnership enables Chow Sang Sang to expand its operations into North America, backed by Nuvei’s seamless and secure payment system.

    What advantages does Nuvei’s platform offer to Chow Sang Sang?
    Nuvei’s platform provides access to 50 markets, supports over 150 currencies and 720 alternative payment methods, and directly connects with global card networks, improving approval rates and reducing payment friction.

    What does Nuvei’s recent acquisition of a MSO license mean for the company?
    The MSO license empowers Nuvei to offer local acquiring and settlement services in the Hong Kong market, supporting its broader expansion in the Asia-Pacific region.

  • Longchamp Unveils Stylishly Renovated Boutiques at ION Orchard and Marina Bay Sands

    Longchamp Unveils Stylishly Renovated Boutiques at ION Orchard and Marina Bay Sands

    Longchamp has breathed new life into its boutiques at ION Orchard and The Shoppes at Marina Bay Sands in Singapore, unveiling a stunning redesign inspired by the essence of a stylish Parisian apartment. The renovations promise an inviting atmosphere that embodies the luxury of both the brand and the city.

    The refreshed façades feature elegant, tone-on-tone wood-clad panels, creating a sophisticated backdrop that allows the brand’s vibrant products to pop. Inside, each section of the boutique unfolds a unique theme: a workshop-style welcome desk curates seasonal highlights, while a Haussmannian-style lounge provides a cozy retreat adorned with vintage furnishings. A captivating “library” wall showcases the iconic Le Pliage® bags, artfully arranged by color and format, transforming the shopping space into a style gallery.

    Moreover, Longchamp celebrates its signature leather lines, Le Roseau and Le Foulonné, prominently within the spaces, alongside the new Berry Bon Bon podiums at ION Orchard. The meticulous attention to detail shines through in the rich dark and light green accents and bespoke decorative pieces. Not to mention, the creative product displays incorporate whimsical touches, featuring fruit baskets and lacquer trays designed by Philippe Model — who knew shopping could resemble a stroll through a chic gallery?

    This redesign not only underscores Longchamp’s commitment to heritage and craftsmanship but also enhances the shopping experience, inviting customers to immerse themselves in a uniquely Parisian ambiance right in the heart of Singapore.

    Questions & Answers

    What inspired the new design of Longchamp’s boutiques in Singapore?
    The new design is directly inspired by a chic Parisian apartment, aiming to create a warm and inviting atmosphere for customers.

    What unique features can shoppers expect to see inside the renovated stores?
    The boutiques feature distinct themed areas, including a workshop-style welcome desk, a vintage lounge, and a “library” wall showcasing the iconic Le Pliage® bags arranged by color.

    How does the redesign reflect Longchamp’s brand values?
    The renovation highlights Longchamp’s heritage, craftsmanship, and Parisian roots, all while offering an immersive shopping experience that invites customers to engage with the brand more personally.

  • Indian Fashion Pioneer Brand Studio Lifestyle Expands Into Uae With Three Flagship Stores

    Indian Fashion Pioneer Brand Studio Lifestyle Expands Into Uae With Three Flagship Stores

    Brand Studio Lifestyle, the parent company of Indian fast-fashion labels Highlander and Tokyo Talkies, has expanded its operations into the Middle East with the launch of three flagship stores in the United Arab Emirates (UAE).

    Flagship Stores Launch in the UAE

    The new stores have been established in prominent shopping locations, including the BurJuman Mall in Dubai and the Sahara Centre and Mega Mall, both situated in Sharjah. The Sahara Centre location is the largest of the three, spanning an impressive 9,000 square feet, while the other two stores each occupy 5,000 square feet spaces.

    A Strategic Move into a Growing Market

    Shyam Prasad, the co-founder and CEO of Brand Studio Lifestyle, expressed his optimism about this international venture, stating that it closely aligns with the increasing demand for Indian fashion within the Middle East. He highlighted the company’s pioneering status in terms of exporting Indian fast fashion on a global scale, expressing hope that this move will inspire other domestic brands to explore international expansion.

    Future Expansion Plans

    The company also disclosed plans to further strengthen its presence in the region. By next year, Brand Studio Lifestyle aims to open an additional seven stores, as well as establish 600 shop-in-shop formats across various large-format and multi-brand outlets.

    Creating a Comprehensive Retail Experience

    Rapheal Lifestyle, the retail and consumer-facing subsidiary of the UAE-based Rapheal Group, has been instrumental in supporting the launch of these stores. The founder of Rapheal Pozholilparambil emphasized the significance of the launch. He explained that the objective is not simply to introduce new retail outlets, but to offer customers an affordable, accessible, and expressive lifestyle experience.

    Questions & Answers

    What is the significance of Brand Studio Lifestyle’s entry into the Middle East market?

    The company’s expansion into the Middle East aligns with the growing demand for Indian fashion in the region. This move also signifies the brand’s intent to internationalize Indian fast-fashion.

    Where are the new flagship stores located?

    The three flagship stores are located at the BurJuman Mall in Dubai, and the Sahara Centre and Mega Mall in Sharjah, UAE.

    What are the company’s future plans in the region?

    Brand Studio Lifestyle intends to expand its presence by opening seven more stores in the region by next year. The company also plans to establish 600 shop-in-shop formats across various large-format and multi-brand outlets.