Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
Thailand
Global Markets
Thailand Is Becoming a Luxury Retail Powerhouse
A $3.2 billion new luxury precinct called One Bangkok is rising in the Thai capital amid a flurry of investment by the city’s legacy department stores and malls as they renovate and expand to popular tourist destinations nationwide.
Thailand Is Becoming a Luxury Retail Powerhouse
A $3.2 billion new luxury precinct called One Bangkok is rising in the Thai capital amid a flurry of investment by the city’s legacy department stores and malls as they renovate and expand to popular tourist destinations nationwide.
Global Markets
Inside Thailand’s Booming Beauty Sector
The growing popularity of ‘T-beauty’ brands across Asia has made their home country an increasingly important market for global players.
Inside Thailand’s Booming Beauty Sector
The growing popularity of ‘T-beauty’ brands across Asia has made their home country an increasingly important market for global players.
Global Markets
JD.com to Shut Indonesia, Thailand Shopping Sites in Focus Shift
Chinese online retailer JD.com Inc. is closing its Indonesia and Thailand e-commerce sites as the company shifts its overseas strategy toward supply-chain and logistics services.
JD.com to Shut Indonesia, Thailand Shopping Sites in Focus Shift
Chinese online retailer JD.com Inc. is closing its Indonesia and Thailand e-commerce sites as the company shifts its overseas strategy toward supply-chain and logistics services.
Retail
Central Retail Corporation Denies Selfridges Deal
The statement leaves open the possibility that an entity associated with parent company Central Group, Thailand’s largest retail conglomerate, could still acquire the UK department store chain.
Central Retail Corporation Denies Selfridges Deal
The statement leaves open the possibility that an entity associated with parent company Central Group, Thailand’s largest retail conglomerate, could still acquire the UK department store chain.
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Global Markets
Global Beauty Accelerator SuperOrdinary Pours $25 Million Into E-Commerce Partner Crea
SuperOrdinary, which helps brands like Drunk Elephant, The Ordinary and Super Goop enter new markets or platforms, has invested $25 million in Bangkok-based Crea, the companies announced Nov. 17
Global Beauty Accelerator SuperOrdinary Pours $25 Million Into E-Commerce Partner Crea
SuperOrdinary, which helps brands like Drunk Elephant, The Ordinary and Super Goop enter new markets or platforms, has invested $25 million in Bangkok-based Crea, the companies announced Nov. 17
Global Markets
Shiseido Bets on Southeast Asia, China, for Global Sales Boost
As well as long-time stronghold mainland China, the Japanese beauty giant is counting on Southeast Asian markets to help it reach its 1 trillion yen ($8.9 billion) global sales target by 2023.
Shiseido Bets on Southeast Asia, China, for Global Sales Boost
As well as long-time stronghold mainland China, the Japanese beauty giant is counting on Southeast Asian markets to help it reach its 1 trillion yen ($8.9 billion) global sales target by 2023.
Retail
Thailand’s Central Retail Targets $2 Billion IPO in 2020
Parent company Central Retail is one of Thailand’s biggest conglomerates, operating malls in Thailand, Vietnam, Denmark and Italy.
Thailand’s Central Retail Targets $2 Billion IPO in 2020
Parent company Central Retail is one of Thailand’s biggest conglomerates, operating malls in Thailand, Vietnam, Denmark and Italy.
Retail
Thai Developers Pour Billions Into Retail
Retail sales growth reached a five-year high in August this year, with the Thai capital expecting to add more retail floor space than any other Southeast Asian city.
Thai Developers Pour Billions Into Retail
Retail sales growth reached a five-year high in August this year, with the Thai capital expecting to add more retail floor space than any other Southeast Asian city.
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News & Analysis
The Secret Behind the ‘Anti-It Bag’ Everyone is Carrying
The Bangkok-based designers behind Boyy, who grew a cult following for their minimalist aesthetic, are preparing for the next stage of growth, starting with a move to Milan.
The Secret Behind the ‘Anti-It Bag’ Everyone is Carrying
The Bangkok-based designers behind Boyy, who grew a cult following for their minimalist aesthetic, are preparing for the next stage of growth, starting with a move to Milan.
Beauty
Thai Beauty Brands Tap into Chinese Tourism Boom
Thai beauty companies are capitalising on the flow of Chinese consumers, the country's biggest source of tourists.
Thai Beauty Brands Tap into Chinese Tourism Boom
Thai beauty companies are capitalising on the flow of Chinese consumers, the country's biggest source of tourists.
Global Markets
Alibaba to Invest $320 Million in Thailand, as Rivals Boost Presence
Alibaba-backed Lazada is already one of the most popular e-commerce businesses in Thailand.
Alibaba to Invest $320 Million in Thailand, as Rivals Boost Presence
Alibaba-backed Lazada is already one of the most popular e-commerce businesses in Thailand.
Beauty
World's Top Beauty Stock Looks to Tap China’s $4.3 Billion Beauty Market
The shares of Beauty Community are the top-performers globally among cosmetics providers, surging 1,100 percent in the last five years — now the company looks to China for further growth.
World's Top Beauty Stock Looks to Tap China’s $4.3 Billion Beauty Market
The shares of Beauty Community are the top-performers globally among cosmetics providers, surging 1,100 percent in the last five years — now the company looks to China for further growth.
The News in Brief
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Oasis Pressures Kao in Latest Japan Activist Investor Push
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.
American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
Missoni Family Exits Namesake Brand
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Ross Stores Forecasts Annual Sales Above Estimates on Resilient Demand for Discounted Apparel
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.
Abercrombie & Fitch Forecasts Muted Annual Sales Amid Tariff Uncertainty
The retailer said it was accounting for the 15 percent tariff announced by US president Donald Trump after the Supreme Court struck down most of his earlier tariffs.