SEOUL, May 5 (Korea Bizwire) — South Korean cosmetics manufacturers are bolstering their offensive in the North American market as sales in China and Japan have fallen sharply. LG Household & Health Care Ltd.’s North American sales for the first quarter of this year amounted to 136.1 billion won (US$102 million), an increase of 21.1 [...]
SEOUL, April 29 (Korea Bizwire) —Major tourist attractions in South Korea are increasingly becoming a battleground for global luxury brands, with Moët Hennessy-Louis Vuitton (LVMH) and Kering Group, the world’s leading luxury goods companies, staging a battle of pride with their flagship brands Louis Vuitton and Gucci. The competition is fierce, as Louis Vuitton rented [...]
SEOUL, April 28 (Korea Bizwire) — Italian luxury brand Gucci will hold a fashion show at a royal palace in Seoul next month, about six months after the event was canceled due to the Itaewon crowd crush, the company said Friday. Gucci plans to showcase its 2024 cruise collection in front of Geunjeongjeon, the main [...]
SEOUL, April 28 (Korea Bizwire) — South Korean tiremaker Hankook Tire & Technology Co. said Thursday it has partnered with sport fashion brand, Pro-Specs, to launch three limited edition pairs of running shoes. The iON evo, Hankook Tire’s high-end tire designed for electric vehicles, inspired the patterns on the shoe’s outsole, which enhance its anti-slip [...]
SEOUL, April 24 (Korea Bizwire) — Fashion group Hyungji Co. said Monday it will open its first offline shop of its golfwear brand Castelbajac Co. in Los Angeles in June as part of its efforts to break into the U.S. market. The South Korean fashion group acquired Castelbajac, originally created by French designer Jean-Charles de [...]
SEOUL, April 14 (Korea Bizwire) — Hermes Korea said Friday that its net profit rose 22.7 percent in 2022 from a year earlier amid an ongoing trend of high-end fashion brands continuing their profit streak in South Korea. The South Korean arm of the French high-end fashion house reported a net income of 153.8 billion [...]
SEOUL, April 10 (Korea Bizwire) — Louis Vuitton Korea has said its net income rose 68.9 percent in 2022 from a year earlier, boosted by the “revenge shopping” trend during the pandemic and price increases. Louis Vuitton Korea Ltd., the Korean arm of the French luxury house, logged a net income of 380 billion won [...]
SEOUL, April 8 (Korea Bizwire) — Musinsa Co., a South Korean fashion platform, said Friday it opened its first pop-up store in Japan, as the unicorn startup plans to expand its presence in the neighboring country. The company will introduce various homegrown fashion brands, including AMOMENTO, Matin Kim and Mardi Mercredi, to Japanese consumers during [...]
SEOUL, April 4 (Korea Bizwire) — Louis Vuitton is set to open its first fashion show in South Korea at the end of the month, industry officials said Tuesday. The French luxury brand is set to showcase its 2023 pre-fall collection at the Some Sevit, a man-made floating island on the south of the Han [...]
SEOUL, April 3 (Korea Bizwire) — Louis Vuitton will open a pop-up restaurant in Seoul in May with the Michelin-starred restaurant Ikoyi of London, the French luxury house said Monday. Ikoyi at Louis Vuitton will be opened inside the brand’s flagship store located in the posh neighborhood of Cheongdam, southern Seoul, starting next month. Ikoyi’s [...]