In Japan, Used Luxury Goes Mainstream

The RealReal Japan sells used luxury goods by designer brands, such as Chanel and Louis Vuitton | Source: The RealReal Jp

The luxury resale market has lacked easy and trustworthy services. But with the former head of Louis Vuitton Japan heading up one of the country’s leading luxury resale platforms, this problem may have been solved. JapanConsuming reports.

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LVMH and Others to Invest 83 Billion Yen in Mori Building, Ginza

Tokyo's Ginza District | Source: Shutterstock

TOKYO, Japan — Mori Building Co., Japan’s biggest closely held developer by sales, and LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, are part of a group that will develop a retail and office complex in Tokyo as they anticipate increasing consumer spending.

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Uniqlo Billionaire’s Drive for Global Crown Fuels J.Crew Talks

Tom Odell and Dakota Fanning for Uniqlo | Source: Uniqlo

TOKYO, Japan — The Japanese owner of Uniqlo is in talks about a potential acquisition of J. Crew Group Inc., the U.S. retailer owned by TPG Capital and Leonard Green & Partners LP, two people with knowledge of the matter said.

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Uniqlo Tweaks “Made for All” to Give U.S. Shoppers a 3-D Fit

Uniqlo Global Flagship in Tokyo's Ginza District | Source: Fast Retailing

TOKYO, Japan — Fast Retailing Co's casual clothing brand Uniqlo is rethinking its "Made for All" strategy, looking to offer lower priced lines in smaller Asian cities and more generous sizes to fit the U.S. market, a top executive said on Tuesday.

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Uniqlo’s Main Road is Overseas

Uniqlo Spring/Summer 2013 Campaign | Source: Uniqlo

Uniqlo has reached saturation in Japan and is now focusing almost all of its investment overseas, where it plans to open more than 400 stores in the next few years, with the aim to drive ¥3 trillion in international sales by the end of 2020. To reach this target it may also need to make a major overseas acquisition. JapanConsuming reports.

 

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Japan’s Rakuten Buys Chat App Viber for $900 Million to Expand Digital Empire

Source: Reuters

TOKYO, Japan — Japanese e-commerce giant Rakuten Inc, controlled by billionaire Hiroshi Mikitani, will buy call and messaging app provider Viber Media Inc for $900 million in a deal that would more than double the number of users in its digital empire.

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