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.
As well as long-time stronghold mainland China, the Japanese beauty giant is counting on Southeast Asian markets to help it reach its 1 trillion yen ($8.9 billion) global sales target by 2023, Nikkei Asia writes.
While Thailand, Vietnam, Singapore, Malaysia and the Philippines have become priorities in the Asia Pacific region for Shiseido, Indonesia and India are also in its sights, group president Masahiko Uotani said at an event on Nov. 9. He noted that demand for skincare, particularly sun care offerings, is on the rise in the region.
This comes as Shiseido meets obstacles in South Korea, where Japanese companies are the subjects of ongoing boycotts, the result of long-running geopolitical tensions. But Uotani said Shiseido “will never withdraw” from the major market.
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Luxury’s Southeast Asia E-Commerce Opportunity
Growing demand for luxury goods is coinciding with an e-commerce boom in key markets like Singapore, Indonesia and Thailand, but brands are behind the curve.
This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.
This week’s round-up of global markets fashion business news also features the China Duty Free Group, Uniqlo’s Japanese owner and a pan-African e-commerce platform in Côte d’Ivoire.
Affluent members of the Indian diaspora are underserved by fashion retailers, but dedicated e-commerce sites are not a silver bullet for Indian designers aiming to reach them.