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Retail Asia24/11/2021

Balenciaga has taken its exclusive 50th Couture Collection to Shanghai, China, the first time it has introduced haute couture outside Paris. Presented at the Tank Shanghai museum, the collection features 30 looks created by Demna Gvasalia, creative director at Balenciaga. The museum was refurbished for the five-day event, housing a couture salon, a showroom, a […]

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Retail Asia17/08/2020

Luxury label Balenciaga has drawn widespread scorn in China over promotional material for a new handbag range. In celebration of yet another Chinese Valentines Day (QiXi), Kering-owned Balenciaga has released four limited-edition bags of its Hourglass collection on Tmall. Graffitied on the bag are Chinese phrases such as “He loves me”, “I love you”, “You […]

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Retail Asia10/02/2020

Indian retailer Reliance Brands is to launch Spanish fashion label Balenciaga in India. The move comes shortly after Reliance signed a deal to bring US luxury jewelry brand Tiffany and Co to India last July, with the first store opening last month in New Delhi. The first Balenciaga in India store will open in the Jio […]

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Retail Asia24/01/2019

Recently, Australia fintech company AirPay Financial Technologies announced its regional collaboration with China leading mobile payment technology company SwiftPass to form a new lifestyle brand “AirPass”. Connecting Australian merchants directly with Chinese consumers, AirPass lets local retailers accept WeChat Pay and Alipay both online and offline, as well as reach overseas markets to make the […]

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Retail Asia10/01/2019

French luxury house Kering has launched its first in-house Balenciaga eyewear line at British Dover Street Market stores. The new collection is exclusive to the DSM chain in the US, UK, Japan, Singapore and China, as well as the brand’s e-commerce channel. The high-end products are valued between US$290–570, with both sunglasses and prescription frames […]

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Retail Asia07/11/2018

Kering, which owns Gucci, Saint Laurent and Balenciaga, said it planned to buy back up to 1 percent of its share capital over a 12-month period. According to the luxury-goods group, the total amount of the share buyback agreement would not exceed €300 million (about $342 million) and the price would not exceed €480 per share. A stock buyback, […]

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Retail Asia29/10/2018

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Kering sales growth significantly outpaced its rivals during the third quarter, up 27.6 per cent as reported and 27.5 per cent on a comparable basis, to €3.402 billion. In Kering-operated stores, Asia Pacific sales rose 33.3 per cent on a comparable basis, bettered only by North America’s 36.1 per cent increase. Growth in online sales […]

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Retail Asia22/10/2018

Some brands have embraced digital better than others, as evidenced by their popularity online. According to a new report by Luxe Digital, the top 15 most popular luxury brands online are particularly successful at building online awareness but also at forging deep emotional connections with their audience—particularly young affluent consumers. The ranking provides a good gauge of […]

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Retail Asia31/07/2018

Fashion giant Kering’s decision to focus the business on luxury appears to be paying off. In what chairman and CEO Francois-Henri Pinault termed “dazzling top-line and earnings performances” during the first half year, total revenue rose 33.9 per cent on a comparable basis and operating margin rose above 30 per cent for the first time […]

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Retail Asia25/06/2018

What do you get when luxury fashion meets sport? $10,000 sneakers. High-end brands such as Kering’s Gucci, Prada and Balenciaga are increasingly looking to sneakers for growth, putting them in direct competition with sportswear giants like Nike, Puma PMUG.DE and Adidas, and giving rise to ever-more striking and expensive designs. Luxury groups say they are now […]

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Retail Asia06/06/2018

Pushing all those social media buttons and getting everyone het up to such an extent that they have just become complicit in making an item in the men’s collection a veritable phenomenon simply on the back of an Instagram post. When will we stop swallowing the bait? One moment there’s a picture online, and the next […]

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Retail Asia06/06/2018

From mop shoes to bejewelled crocs, ‘ugly fashion’ is 2018’s most pervasive trend. In fact, it has popularised items that are so deeply uncool, wearing them proves, ironically, just how cool you are. The latest addition to the trend: Nike’s ‘fanny-pack’ – or as we call them in the UK, ‘bum bag’ – Benassi slides. […]

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Retail Asia15/02/2018

In a “phenomenal” result, global luxury group Kering had record operating revenue last year, driven in large part by the popularity of Gucci. Kering’s income totalled €15.4 billion (US$19 billion), up 25 per cent as reported or 27.2 per cent on a comparable basis. Revenue from luxury activities was up 27.5 per cent as reported, […]

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Retail Asia08/02/2018

In October 2017, Balenciaga unveiled an official footwear collaboration with Crocs on the runway in Paris. The Crocs, naturally, divided opinion. Critics thought that Balenciaga was trying too hard and collaborated for the wrong reasons, while others might not have loved the design but appreciated the attempt at something different. Now, several months on, the Balenciaga […]

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Retail Asia10/11/2017

Balenciaga has overtaken Gucci as the hottest fashion label, according to the latest Lyst Index. The index draws on data analysis by fashion-search platform Lyst in conjunction with the Business of Fashion website. The 4.5 million data points analysed include sales, searches and consumer perceptions of 5 million products and 12,000 brands. Its result is […]

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Retail Asia29/12/2016

French fashion maison Balenciaga has opened a new pop-up store in Osaka, adding to the five standalone boutiques already retailing in the Japanese city. The Parisian label has its sights set on pushing its newest ‘it’ handbag – the Bazar Shopping Bag – onto the Japanese clientele. The new Osaka pop-up shop will house the […]

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Retail Asia14/09/2016

Taubman Centers, Inc. is making its impact felt around the world. Its wing in Asia – Taubman Asia – together with its partner Shinsegae Group, celebrated the opening of Starfield Hanam shopping center at Hanam, Gyeonggi Province in South Korea. This retail project, developed by Taubman Asia and Shinsegae Group, marks Taubman Asia’s first ground-up […]

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Retail Asia05/09/2016

Indonesians have become Asia’s foremost online buyers of luxury goods, according to the latest Asia Luxury Index. Amid difficult economic conditions, online sales of luxury goods in Indonesia have grown by 84 per cent, according to the index, which draws mainly on the sales data of Reebonz, a Singapore-based eCommerce platform for luxury products. Reebonz […]

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Retail Asia13/05/2016

Gucci America has become the second brand to quit the International Anti-Counterfeiting Coalition(IACC) since the US-based group allowed Chinese eCommerce giant Alibaba to become a member last month. Describing Alibaba as “our most dangerous and damaging adversary”, Michael Kors left the IACC just after the Washington, DC group let Alibaba on board. Gucci, along with […]

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Retail Asia27/01/2016

Balenciaga Malaysia has opened its second boutique – located in The Gardens Mall. It is the brand’s first store to stock both the women’s and men’s collection. The brand’s original boutique, in Suria KLCC stocks only the women’s. The design and fitout of the new store was inspired by the brand’s Parisian flagship. […]

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