Reliance gears up to build the next FMCG multinational
Indian retailer Reliance is hoping to build a portfolio of 50 to 60 grocery, household and personal care brands as it gears up to compete with the likes of Unilever and Procter & Gamble, according to a report published by Reuters.
Lotte Duty Free opens first store in Sydney; resumes plans for global expansion
Lotte Duty Free has opened its first store in Sydney, Australia, which marks the company resuming plans for global expansion, according to Forbes.
Nykaa partners with Aveda to launch premium salons in India
Beauty retailer Nykaa has teamed up with ELCA Cosmetics Pvt Ltd, a subsidiary of global beauty company Estee Lauder Companies to launch a range of premium Aveda salons in India, according to the Hindu Business Line.
Will Sephora pull out of Korea?
Sephora Korea is said to have reported a loss for the second year in a row, according to Korea Joongang Daily, leading the news outlet to speculate that the LVMH-owned retailer may be preparing to admit defeat and close stores in the Asian market.
Reliance Industries and Apollo to partner on joint bid for Boots says sources
U.S. buyout firm Apollo Global and India’s second-richest man Mukesh Ambani’s Reliance Industries firm are said to be joining forces to place a bid for Boots, according to the Financial Times.
Hainan temporary closes duty-free stores due to COVID outbreak
Three downtown offshore duty-free stores in Sanya have been temporarily closed due to an outbreak of COVID-19 in Hainan, China.
Russian shoppers look East after Western brand exodus
Brands from China, India, Iran and Turkey could soon enjoy a new found popularity among Russian consumers, according to a report published by Reuters, after a number of Western brands withdrew from the market.
Indian e-tailer Nykaa to place greater emphasis on physical retail to meet consumer demand
Indian e-tailer Nykaa is set to place a greater emphasis on its bricks & mortar stores, with Founder and CEO Falguni Nayar a ‘big believer’ in the physical retail.
Shiseido to measure skin bacteria in store with new speedy test
Shiseido has announced that it has developed a new testing method to measure the amount and balance of indigenous skin bacteria in a simple and easy way in a short time through collaboration with Yamato Esulon Co and Orcoa Co.
Shu Uemura opens flagship store on JD.com
L’Oréal-owned Shu Uemura has cut the virtual ribbon on a flagship store on JD.com. The high-end beauty brand will sell its famous Cleansing Oil, foundation and lipsticks among other products.
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