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Retail Asia06/07/2021

Multilevel marketing schemes (MLMs) calling for investment in artificial intelligence (AI) robots said to be capable of making money on their own are illegal, authorities have warned. The Vietnam Competition & Consumer Authority under the Ministry of Industry and Trade has put some AI robot related MLM websites and applications on a warning list, including snowai […]

Retail Asia20/05/2021

Chinese e-commerce giant Alibaba Group Holding and partners have invested $400 million in the retail unit of Vietnamese conglomerate Masan Group, Masan said on Tuesday. The consortium, which includes Alibaba Group and Baring Private Equity Asia, has paid for a 5.5 percent stake in Masan’s retail arm, The CrownX, the company said in a statement. […]

Retail Asia26/11/2019

After a much-anticipated wait, the Australian designer brand Tigerlily has today unveiled a new look and branding across its stores, website and social media, alongside the launch of its dreamy resort 2020 campaign. In December, the retailer will open its flagship store at Melbourne Emporium, the first to reflect the brand’s new direction. The store […]

Retail Asia10/04/2019

Italian fashion label Roberto Cavalli has shuttered its stores in the US and will liquidate its entire operations in the territory. While the brand had recently sought to negotiate with creditors while buying to time to source new investment, it has now sent all staff home and will close all stores. Several key executives have […]

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Investors warned about AI multilevel marketing schemes

Alibaba, partners invest US$400 million in retail arm of Vietnam’s Masan

Tigerlily finally unveils new look across stores

Roberto Cavalli US collapses as Expected