SEOUL, Jan. 27 (Korea Bizwire) — Luxury fashion brand Thom Browne Inc. will establish a new company in South Korea, officials from Samsung C&T Corp. said Friday, in a move to take stronger control of its business in the country. Ermenegildo Zegna NV, an Italian fashion house that owns the brand, will establish a new [...]
SEOUL, Jan. 26 (Korea Bizwire) — Department store chains and cosmetics firms are holding various makeup shows to attract customers as the indoor mask mandate soon to be lifted. Lotte Department Store announced that it will open up a pop-up store for Yves-Saint Laurent Beauty at its main branch in central Seoul until Sunday. On [...]
SEOUL, Jan. 25 (Korea Bizwire) — The worldwide popularity of K-pop is pushing global luxury brands to reach out to Korean celebrities. Jimin of K-pop super group BTS was recently selected to become Christian Dior’s brand ambassador. Another BTS member J-Hope participated in the Louis Vuitton Men’s Autumn-Winter 2023 Show last Thursday in Paris, France. [...]
SEOUL, Jan. 11 (Korea Bizwire) — As the luxury resale market continues to grow in South Korea, demand for a variety of accessories that come with luxury products is also increasing. The boxes that are used to pack Rolex wristwatches or shopping bags from luxury brands like Hermes or Chanel are being sold at online [...]
SEOUL, Dec. 30 (Korea Bizwire) — With shrinking consumer sentiment and an economy in decline, prices of luxury goods and limited editions of running shoes are plunging. StockX Korea, a local unit of the U.S.-based resale company, said that Nike’s Dunk Low Panda are currently available for 186,000 won (US$147), which is 53 percent cheaper [...]
SEOUL, Dec. 12 (Korea Bizwire) — Fashion and cosmetics retailer Shinsegae International Inc. said Monday it has acquired the exclusive domestic license from French cosmetics brand Laura Mercier, as it seeks to expand its imported cosmetics business. Laura Mercier, founded in 1996 by a French makeup artist of the same name, is sold in some [...]
SEOUL, Dec. 5 (Korea Bizwire) — As the MZ generation (a Korean term referring to millennials and Generation Z)’s interest in sports and outdoor activities grew during the pandemic period, hiking clothing trends are shifting from crude design and vibrant colors towards a so-called “gorpcore” look. “Gorpcore” is a compound word created by combining the [...]
SEOUL, Nov. 21 (Korea Bizwire) — As South Korea enters its first end-of-year season without any social distancing rules in three years, a growing number of consumers are looking for short jackets and long boots to stay warm this winter. Online shopping mall Gmarket analyzed the increase in winter apparel sales from Oct. 12-Nov. 13 [...]
SEOUL, Nov. 21 (Korea Bizwire) — French cosmetics giant L’Oreal SA said Monday it has launched a new skin care brand called Shihyo, with Hotel Shilla Co. and Anchor Equity Partners. The announcement comes after the trio announced in June they would co-invest in the launch of a new luxury beauty brand. Shihyo, which means [...]
SEOUL, Nov. 16 (Korea Bizwire) — South Korea’s top health and beauty (H&B) store operator, CJ Olive Young, said Wednesday it plans to nurture a product category dedicated to women’s wellness, as it sees growing interest in the category among young Korean women. Under the name of “W Care,” the retailer plans to offer various [...]