Global 

Japanese firms fear escalation in South Korean trade spat as beer, car and fashion brands take a hit

Fearing further backlash from Korean consumers, Japanese companies are tiptoeing around the tit-for-tat dispute between their conservative government and South Korea over Japan’s wartime past as the US-China trade war hits global growth.Sales of Japanese beer, cars and clothing in South Korea have declined since the dispute erupted in early July, due in part to a consumer boycott of Japanese products unleashed by the trade dispute, but also against the backdrop of wobbly growth patterns in… Source link

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Singapore 

Fashion obsessives’ Singapore label is a labour of love, Lifestyle, Singapore News

In a fashion landscape where less is very rarely more, one Singapore label is quietly going against the flow with its take on slow fashion – with a Japanese twist. Clothing label Biro was founded by brothers Kenghow and Kage Chong, who have an almost obsessive love for rare, premium textiles handmade in Japan. Launched in 2013, the brand features a tightly curated collection of Japan-made utilitarian apparel, including denim jeans, shirts, tees and jackets. The pieces may seem all too basic at first glance, but a closer study of…

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Singapore 

Thai fashion brand Pomelo opens first overseas store in Singapore, Lifestyle, Business, Singapore News

Thailand-based omni-channel fashion brand Pomelo plans major expansion in Asia, opening up to 150 branches by 2023 from the eight branches at present, to count at least 50 million customers in the region, the company’s co-founder and chief executive officer David Jou said. Currently, the company has some 2 million customers in Thailand, Singapore, Indonesia, Malaysia, Philippine, Hong Kong, Australia, the US, and Europe. The business expansion will focus on Asian countries like Thailand, Singapore, Malaysia, Indonesia, Philippines, and Hong Kong, he said. “We will invest on average about Bt20 million…

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Forget K-pop and US missiles, Korea is back in fashion with China thanks to live-stream shopping

Camera lights wash over Ding Xiaoping as she broadcasts herself across the internet from an iPhone, from inside a minimalist-style living room complete with an ornate faux fireplace. Sporting a trendy auburn hairstyle and bright coral lipstick, Ding speaks in rapid-fire mandarin introducing 2,000 of her Taobao live-streaming channel viewers to the high-waist pink pastel shorts she’ll be wearing for the next 10 minutes – until she changes into her next look.For many Chinese consumers and… Source link

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China 

Trade war to hit high-end US fashion brands dependent on specialised Chinese manufacturing

High-end US fashion brands have become more reliant on China for manufacturing, making them more vulnerable to an increase in trade war tariffs, a new study shows.While imports of basic apparel items such as T-shirts and underwear can easily be shifted to lower-cost production hubs such as Vietnam, Cambodia or Bangladesh, China has become so specialised in the manufacturing of higher-value goods such as accessories and coats, that US brands may be forced to stomach the tariff hike.Research from… Source link

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Home 

Hong Kong’s mall landlords mix gaming, golf and fashion with retailing as they search for oomph to hang on to return shoppers

The landlords of Hong Kong’s shopping centres are combining entertainment with retailing to turn many of the city’s malls into lifestyle destinations, a strategy for hanging on to returning customers as they compete with the increasing popularity of e-commerce.At least three malls in Mong Kok, Causeway Bay and Tsim Sha Tsui are offering activities such as e-sports, mini golf, indoor family entertainment along with their main retail offerings of shoes, apparels and toys.“The retail market is… Source link

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Singapore 

Second-hand shopping in Singapore: Top thrift and vintage stores to dress like a 90s fashion icon, Singapore News

Thrifting clothes is a growing popular as it is both environmentally friendly and affordable as compared to fast fashion options. To add, the 80s and 90s fashion seem to be making a resurgence among younger individuals and even celebrities nowadays. Although the thrift and vintage community here isn’t as big as it is in other countries, there are still a number of places for you to check out. GENERAL SECOND-HAND GOODS 1. SALVATION ARMY PRAISEHAVEN MEGA FAMILY STORE Photo: Red Shield Industries/Facebook This is arguably the largest second-hand store in…

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Fashion group Esprit reports wider first-half loss on brand weakness

Fashion group Esprit Holdings on Tuesday posted a bigger loss for the first half amid changes in consumer behaviour, price competition and reduced customer traffic across its distribution channels due to weakness of its brand.The Europe-focused clothing retailer reported a net loss of HK$1.77 billion (US$225.5 million) for the six months ended December, including a HK$924 million loss on provision for store closures and leases. That compared with a net loss of HK$954 million in the year-ago… Source link

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Vietnam 

Japanese firm acquires Elise fashion brand – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Advantage Partners has acquired Elise Fashion for its leading position in the women’s fashion market. — Photo websosanh.vn Viet Nam News HÀ NỘI — Japanese investment firm Advantage Partners has acquired Elise Fashion Limited, one of Việt Nam’s top fashion brands for women, and its affiliate companies. The deal was made through its Advantage Partners Asia Fund and affiliated entities for an undisclosed value. This transaction marked the first acquisition between Advantage Partners and a Vietnamese company, the firm said in a press release. “AP Funds were…

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Home 

Singapore’s Zilingo raises US$226 million to expand fashion site inspired by Bangkok’s Chatuchak market

Zilingo, a Singapore-based online fashion marketplace, raised US$226 million to fund an expansion into the Philippines, Indonesia and Australia. Investors in the series D financing included Sequoia Capital, Temasek Holdings, Burda Principal Investments, Sofina and EDBI, the company said on Tuesday without disclosing a valuation. The start-up is valued at US$970 million, according to people familiar with the matter who asked not to be named because the information is private. Zilingo, founded by Ankiti Bose and Dhruv Kapoor, started as a fashion and lifestyle marketplace in 2015 to help small…

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