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 health and beauty chain, also known as CJ Olive Young, is looking to raise $1 billion in a local public offering sources say will take place early 2022, Retail News Asia reports.
Olive Young operates around 1,200 stores in South Korea, in addition to a global distribution platform serving 150 countries it launched in 2019. The business reported operating profits of $84.4 million last year.
The news comes amid a surge in Korean IPOs, which according to Refinitiv data have raised $21.4 billion this year — almost seven times the figure raised in 2020.
Learn more:
What Retailers Can Learn from the World’s Savviest Online Shoppers
The shopping rituals of South Korea’s digital-first youth offer sharp insights that can help shape a global strategy.
People of Indian and Pakistani heritage are critical to the UAE’s fashion sector, leading billion-dollar retail empires, trading textiles and jewellery and stitching garments for Middle Eastern brands.
Influencer Irene Kim and V&A curator Rosalie Kim join Chanel executive Yana Peel to chart South Korea’s rise to global creative juggernaut.
BoF sits down with Zainab Abdulrazzaq, founder of 3oud.com and organiser of the Oud Fashion Talks, to discover the next steps for the event, designed to cement Kuwait’s place on the international fashion map.
The World Economic Forum in Davos, a retail convention in New York and menswear shows in Paris will command the industry’s attention. Plus, what else to watch for this week.