Lancel Archives - Inside Retail Asia
Southeast Asian fashion group FJ Benjamin opened five new online stores for recognised international fashion labels, with more to come, as it pivoted online in the wake of trading restrictions during the Covid-19 crisis.
Richemont Group sales soared 24 per cent in December quarter, to €3.915 billion.
Asia Pacific has continued double-digit growth for Richemont for its third quarter to the end of December.
Richemont Asia-Pacific sales soared 23 per cent in the five months to the end of August, with China and Hong Kong performing particularly well.
Richemont results released Friday in Europe showed group sales down 4 per cent, with watches down 15 per cent.
Richemont Asia stores are set to be culled as the company reports sagging sales everywhere in the region except Mainland China.
Richemont store closures loom as the luxury goods maker feels the pinch from a tough trading environment.
French handbag company Lancel terminates JV with Japanese partner.