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LVMH posts 23% profit growth amidst CN business disruptions
LVMH posts 23% profit growth amidst CN business disruptions
Lower revenues were seen in Asia due to lockdowns in China.
Adidas revises 2022 outlook amidst ‘slower-than-expected’ recovery in Greater China
The company expects a double-digit decline rate during the rest of the year.
Chinese consumers buy more high-end imported products: report
They are buying mobile phones, appliances, and beauty products from international brands.
Weekly News Wrap: 7-Eleven cuts 880 jobs in the US; Daiso builds American footprint amidst inflation woes
And Malaysia-based restaurant operator delays its IPO again.
How J&T Express Singapore plugs the hole left by talent shortage
Upskilling and automation help the logistics firm stay afloat.
Alibaba, Pinduoduo amongst top 25 retailers globally
E-commerce platform JD.com also made it to GlobalData’s list.
Reliance Retail profit climbs over 100% in Q1
Its net profit stood at $261m.
Alibaba Group to apply for primary listing on HKEX
The listing process is expected to be completed before year-end.
MICHAEL KORS debuts on JD.com
JD.com now features over 300 premium brands.
Pandamart Hong Kong posts 53% YoY increase in turnover
Sai Ying Pun led the order chart with a 144% YoY surge.
J&T Express expands to over 1,900 depots in Vietnam
It launched in the market in 2018.
L’Oreal achieves carbon neutrality across all North Asia sites
This covers Mainland China, Japan, South Korea, Hong Kong, and Taiwan.
Reliance Brands brings Italian luxury brand Valentino to India
Its first boutique will open in Delhi.
South Korea’s Fresheasy to launch products in Singapore online
The company plans to expand sales in Southeast Asia.
LVMH’s Fendi launches flagship store on JD.com
The brand has launched a new capsule for the incoming Chinese Valentine’s Day.
Weekly News Wrap: Freshippo seeks lower funds at $6b valuation; Uniqlo owner's performance to hint China's recovery prospects
And Shein seeks an IPO in the United States as soon as 2024.
Deliveroo launches new rapid grocery delivery service in Hong Kong
Grocery deliveries will be done in as little as 10 minutes.
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