LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
M&A is gathering pace in Japan’s beauty industry as local conglomerates look to diversify their portfolios beyond Asia and target high-growth categories overseas.
Companies like LVMH, Hermès and Gucci are strengthening ties with Japan’s artisanal producers to tap exclusive materials and ancient techniques.
Marketplace giants like Rakuten and Zozo, local department stores and foreign e-tailers are battling for supremacy in Japan’s lagging but lucrative online fashion market.
About 80 percent of Forever 21′s new collection, which will launch in the fashion-crazy country Tuesday via online sales and a pop-up store in central Tokyo, will be developed by local partner Adastria Co., Japan’s third-largest apparel maker.
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Christine Edman, executive officer of Japanese e-commerce site Zozo, talks about what makes the country’s consumers tick, and how the fashion landscape is set to shift in the years ahead.
Online fast fashion behemoth will open its first ever permanent physical store on Sunday, setting up shop in one of Tokyo’s most-popular areas as it seeks to live up to a lofty valuation that’s been shaken by slowing sales growth and concerns about its environmental and social impacts.
Online fast fashion behemoth will open its first ever permanent physical store on Sunday, setting up shop in one of Tokyo’s most-popular areas as it seeks to live up to a lofty valuation that’s been shaken by slowing sales growth and concerns about its environmental and social impacts.
The move is part of the Japanese retailer’s strategy to shift its focus to its highly-profitable convenience store unit, 7-Eleven Japan Co., according to local sources.
Insiders say change is long overdue in Japan’s vibrant but rigid magazine industry where several iconic titles have folded despite print media being more insulated here than elsewhere.
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A pandemic-induced camping boom boosted global sales for Japanese fashion labels with a functional edge, but has it cemented performance wear as a long-term fashion staple?
Growth in the men’s cosmetics market in Japan has been attributed to the pandemic and wider use of video calls and online social gatherings.
Beginning June 1, Japanese department stores will be able to reopen on weekdays. But vague government guidelines concerning an exception to store
Imports of Japanese cosmetic products to China in 2020 grew 30 percent from the previous year.
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.