The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The Goldman Sachs-backed makeup manufacturer, wholesaler and retailer has appointed a lead bookrunner as well as underwriters in preparation to list on the Kospi bourse next year, sources told Pulse News.
Founded in 2003, GP Club branched out from distributing gaming consoles to selling beauty products in 2013 and now sells to wholesalers in markets like China. In 2018, strong demand from the mainland sent sales surging to 554.3 billion won ($478.2 million); the company in 2019 achieved unicorn status after Goldman Sachs invested 75 billion won ($64.9 million) in a deal that valued it at $1.32 billion.
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K-Beauty’s Golden Age Is Ending. What Comes Next?
Their 10-step routines, snail serums and sheet masks took the world by storm 10 years ago. Now, Korean beauty brands are facing a fiercely competitive market and need to think outside the box.
Chanel, Louis Vuitton and Tiffany & Co are among the brands expanding in Perth, Australia in a bid to tap its mining, oil and gas wealth and newfound status as a travel hub.
This week’s round-up of global markets fashion business news also features Haiti’s sourcing crisis, Brazilian jewellery giant Vivara and Dubai’s Ramadan shopping season.
This week’s round-up of global markets fashion business news also features Supreme’s long-awaited Shanghai flagship opening, India imposes MIP on undervalued imports of synthetic knitted fabric and striking Sri Lankan workers continue to protest.
Imran Amed shares his observations from a trip to the wealthy desert metropolis, home to the most lucrative stores for many of the world’s top fashion brands.