Asia news and archive

Luxury Market Recovery in Asia Pacific

This month’s Fashion Friday podcast series by Euromonitor International analyses the drivers of the recovery of the Asian luxury market, with examples of brands putting extra effort into expansion in the Asia Pacific region. Under COVID-19, the global luxury market shrunk by 15%. However, in the Asia Pacific, stronger resilience, where the...

Retail

Arket to open its first store in Seoul, Korea

Nordic fashion and lifestyle brand Arket is to open its first flagship store in Seoul, Korea on February 26. Located inside The Hyundai Seoul, a new department store in the centre of Yeouido, the new store will mark Arket’s first physical destination in Asia. Arket managing director, Pernilla Wohlfahrt, said in a statement: “We are very excited...

BusinessFeatured

Report: How the coronavirus is affecting Asia’s travel and retail

Asia is currently going through widespread economic and business disruptions caused by the outbreak of the coronavirus (COVID-19), which originated in Wuhan, Hubei province in China, and the stringent government measures to contain it, threatening to stall the economic growth of major markets in Asia. Reason enough for Fung Business...

Business

Brunello Cucinelli partners with Bluebell in Taiwan

Bluebell Group, which has been successfully breaking luxury brands into the Asian market since 1954, has expanded its partnership with Italian brand Brunello Cucinelli to manage its operations in Taiwan. The move follows the successful joint venture in Singapore and will allow Brunello Cucinelli to grow its brand presence in the country and in...

Business

Marcolin Group to strengthen presence in Asia

Eyewear marker Marcolin Group, whose brand portfolio includes Tom Ford, Ermenegildo Zegna, Roberto Cavalli, and Tod’s, has announced that it is looking to strengthen its investments and presence in Asia, in response to what it is calling “renewed growth” of the optical and sunglass segments in that area. In a statement, Marcolin outlined plans...