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Havaianas invests $US50 million in Asian expansion plan

Undeterred by the advent of Covid-19, Brazilian flip-flop brand Havaianas is investing US$50 million into expansion of its retail footprint across Asia-Pacific between now and 2024.

Bottega Veneta opens ‘invisible store’ in Shanghai

Kering label Bottega Veneta has just opened its first pop-up store post-Covid-19 at Shanghai’s Plaza 66 Mall, dubbed the ‘invisible store’.

Eslite Shenzhen store closes after Covid-19 woes

Taiwanese bookstore Eslite is closing its operations in Shenzhen following the impact of the coronavirus pandemic.

JD Worldwide to introduce more Korean brands in China

JD Worldwide has teamed with LG and Korea International Trade Association (KITA) to introduce more Korean brands to Chinese customers.

Struggling Esprit axes more stores, 1200 staff

Apparel chain Esprit will axe 1200 employees globally, including 100 in its Hong Kong office and 800 store employees in Germany as part of its ongoing restructuring programme.

Sephora Asia appoints Alia Gogi as its new president

Alia Gogi has been appointed as the new president of Sephora Asia, succeeding Benjamin Vuchot.

Maxim to open 15 Shake Shacks in Southern China

American fast-casual restaurant chain Shake Shack is planning to open at least 15 new venues in South China by 2030.

VF Corporation to boost Greater China management ranks

Apparel, footwear and accessories firm VF Corporation is making a series of organisational changes it says will “strengthen and accelerate” its business strategy in Asia Pacific, with a particular focus on China.

Asia-Pacific luxury-goods market tipped to shed US$2.1 billion this year

The Asia-Pacific luxury-goods market is projected to sink by US$2.1 billion this year as consumers switch from big-ticket items to affordable luxury.

Reduced rents, high-end products help Oriental Watch stay in profit

Listed Hong Kong timepiece retailer Oriental Watch Holdings has weathered the multiple crises of the last year to record a profit of US$12.9 million.

Jeweller Luk Fook sees early signs of recovery in Hong Kong retail

Hong Kong-listed jeweller Luk Fook has reported early signs of a recovery in the Hong Kong market this month, despite the border with China still closed.

Nike sales in China stay strong despite Covid-19 impact

Nike sales in China surged 11 per cent last year, marking the sixth consecutive year of double-digit growth in the market for the US sports brand.