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Shinsegae Pushes to Acquire Domestic Sales License of Club Monaco
Shinsegae is pushing to acquire a domestic sales right of U.S. fashion brand Club Monaco. If the domestic sales license currently held by SK Networks is transferred to Shinsegae, SK Networks' plan to sell all of its fashion business, including the Club ...
The Korea Economic Daily | 2016.10.17 14:03
MCM Expands Fashion Apparel Business
Sungjoo D&D's MCM brand, which has focused on fashion accessories, will jump into the fashion apparel business as part of an effort to transform itself into an integrated fashion brand. MCM officials said on October 22 that the company will release ...
The Korea Economic Daily | 2016.10.13 12:54
H&M's Luxury Brand "& Other Stories" to Land in Seoul
A Sweden-based fashion company H&M Group's luxury fast fashion brand "& Other Stories" will steer into the Korean market early next year. H&M Group, which already runs low-price brand H&M and mid-price brand Cos in Korea, is attempting ...
The Korea Economic Daily | 2016.10.04 08:02
Lee Seo-hyun's 8Seconds Opens Its First Overseas Shop in Shanghai
Samsung C&T's fast fashion brand 8Seconds opened a flagship store in Huaihai Lu, or Huaihai Road, a fashion downtown of Shanghai, on September 29. Huaihai Lu is a shopping street where a host of global fast fashion brands such as Zara, Uniqlo, H&M, ...
The Korea Economic Daily | 2016.10.01 09:16
SK Networks Selected as Preferred Bidder to Tongyang Magic Deal
... desperately needs new growth businesses to make up for the lackluster growth of existing business units. Already, the company put its fashion business unit out on the market this year. The SK Group company took part in a bidding war to acquire KT Rental (presently Lotte ...
The Korea Economic Daily | 2016.09.28 06:01
SK Networks May Sell Its Fashion Unit amid Poor Performance of Conglomerate-led Brands
SK Networks, the company owning the marketing rights of major fashion brands such as Tommy Hilfiger, Obzee, and Calvin Klein, is reviewing an idea to sell off its fashion unit wholesale to Hyundai Department Store. The unit makes about 500 billion won ...
The Korea Economic Daily | 2016.09.21 08:04
Uniqlo Breaks 1 Tril. Won Mark in Yearly Sales Thanks to Heat-Tec and AIRism
The world's largest fast fashion firm is Spain's Inditex which boasts famous brands like Zara and Massimo Dutti. Here in Korea, however, the No. 1 fast fashion brand is Uniqlo which achieved annual sales of 1.11 trillion won last year. It has become the ...
The Korea Economic Daily | 2016.09.19 23:39
[Market Insight] E-Land to Sell off Teenie Weenie Brand to China's V-Grass
Korea's E-Land Group will sell off its women's and children's wear brand "Teenie Weenie" to V-Grass Fashion of China at the price of more than 1 trillion won (US$897 million). Once the Korean company successfully finalize the deal, it will be able to breathe ...
The Korea Economic Daily | 2016.09.02 03:28
Premium Smartphones Back in Fashion
Competition surrounding premium-brand smartphones is expected to flare up again in the smartphone market which was recently swept by low- and mid-priced models. Samsung Electronics is set to ignite the premium competition with its latest Galaxy Note...
The Korea Economic Daily | 2016.08.01 08:29