APAC
FMCG spending up 6.1% YoY in 2023
This is mainly driven by inflation.
True Religion signs footwear licensing agreement with Orly Corporation
This is in line with the launch of its Fall 2024 footwear collection.
Levi’s Beyond Yoga appoints new CEO
Co-Founder and CEO Michelle Wahler will depart the company.
Mash Beauty Lab switches to carbon-free and biomass package labels
Celvoke, to/one, and SNIDEL BEAUTY will use plant-based materials for labels and packaging.
Wendy's appoints new president, CEO
He will succeed Todd Penegor in the role.
Shinsegae’s Better Foods gets investment from Cleveland Avenue
Amongst its plant-based products cover meat, milk, and cheese substitutes.
Online grocery sales growth slows in Asia
A significant decline in basket sizes were seen in Malaysia and India.
Crate & Barrel opens shared registry for its brands
This will enable new registrants and gift buyers to create Shared Registry for their home.
Around 7 in 10 APAC marketers spend on in-app ad
About 52% of marketers place in-app mobile game advertisements.
APAC tax-free shopping records strong recovery in December 2023
The recovery rate during the month stood at 151%.
Puig buys majority stake in cosmetics brand Dr. Barbara Sturm
Sturm will retain a minority stake and remain as the company’s brand ambassador.
Pottery Barn Kids inks exclusive partnership with Aerin
The deal includes the first and only children’s home furnishings collection for both entities.
FedEx to launch first-ever data-driven commerce platform fdx
The e-commerce leader is the first company to connect the entire customer journey.
Victoria's Secret adopts AI for enhanced shopping experience
One of the features includes the use of a chatbot.
How life at home will look like in 2030: IKEA
The Swedish retailer included the AI-generated images for the tenth edition of IKEA Life at Home.
Wolverine World Wide sells Sperry to Authentic Brands, ALDO
The sale of the shoe brand became official on 10 January 2024.
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