SEOUL, April 8 (Korea Bizwire) — Despite an economic slowdown, sales of luxury products in South Korea soared in the first quarter of 2015 partly due to recent price cuts by major luxury brands, data showed Wednesday. Lotte Department Store saw sales of luxury products jump 15.7 percent on-year in the January-March period, with sales of [...]
SEOUL, Jan. 29 (Korea Bizwire) – Big Bang rapper G-Dragon attended Chanel’s 2015 S/S Haute Couture Collection at the Grand Palais, Paris on January 27. He also attended Chanel’s 2015 S/S Collection last fall, and his presence at these shows has cemented his ‘fashionista’ place in the world. G-Dragon wore a tweed jacket from Chanel’s 2014/2015 Cruise [...]
SEOUL, July 26 (Korea Bizwire) – Following the suit of major luxury brands, such as Hermes, Luis Vuitton and Chanel in the first half of this year, Italian luxury brand Prada also joined the bandwagon of raising prices on its luxury goods lineups here in Korea. The brands gave several reasons about the decision: the increased personnel expenses and [...]
SEOUL, July 6 (Korea Bizwire) – Amid the protracted recession in which consumers are reluctant to open up their wallets, high-end import brands posted mixed results for the fiscal year 2013. According to the Data Analysis, Retrieval and Transfer System by the Financial Supervisory Service on July 4, Burberry Korea’s sales revenue was 239.3 billion won [...]