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3 Feb

The Body Shop Will Sell Most Mainland Europe and

PARIS — The Body Shop has signed an agreement with a global family office to sell most of its business in mainland Europe and in parts of Asia. Financial terms of the deal, which incorporates each physical and digital operations, weren't disclosed. The a part of the activity effected equals to about 14 percent of The Body Shop’s business worldwide. The sale doesn't impact its global head franchise partners, which operate on a rustic or territory level, but some sub-franchise partners are to be included within the sale. In a third-quarter 2023 sales statement, The Body Shop’s then parent company Natura & Co. wrote that projects underway included “turbo-charging the support for our head franchise partners, with a concentrate on our top-h.f. partners in the...
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8 Dec

Aesop Opens First Mainland China Store In Downtown Shanghai

SHANGHAI — For its first brick-and-mortar retail store in mainland China, Aesop picked a leafy serpentine street called Dongping Road in the previous French Concession of downtown Shanghai. Aesop’s in-house design team spent almost a 12 months fine-tuning the shop. The 2-story, 3,230-square-foot space touts a homey ambience with locally sourced materials that “pays homage to Chinese craftsmanship,” in response to the brand. Sleek basins that take center stage at the shop are made with Guizhou travertine stone, which local artisans sculpted. A ceiling cushioned by a wheat-straw installation handwoven by Chinese artist Didi Wu evokes local handicraft traditions still utilized within the Shanghai region. Vintage French furniture and light-weight fixtures that furnish the shop add to its discreet appeal. Sleek basins take...
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17 Apr

Hermès Revamps First Mainland China Store in The Peninsula Beijing

LONDON — Hermès on Monday unveiled the renovated and expanded store in The Peninsula Beijing, the location of the brand’s first store in mainland China, which opened in 1997. Almost doubling its original size, the brand new store offers a more spacious and welcoming environment for patrons to explore the brand’s full range of products, from the silk collections, fashion jewelry and sweetness, to leather goods, women’s and men’s fashion, equestrian and tremendous jewelry and watches. Hermès’ renovated and expanded store in Beijing’s The Peninsula hotel. Courtesy of Hermès The brand new space comes with a particular facade, designed by the Parisian architecture agency RDAI, made with wood diamond-shaped tiles arranged in a way that resembles the scales of the dragon statues within the...
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18 Jan

Mainland China Closures Dent Burberry Growth in Key Holiday Period

LONDON – COVID-19 disruption in China took a bite out of Burberry’s growth in the important thing holiday trading period, with third-quarter retail revenue flat at constant exchange, and up 5 percent at reported rates.  Retail revenue was 756 million kilos within the 13 weeks ended Dec. 31, compared with 723 million kilos within the corresponding period last yr. Comparable store sales were up 1 percent, compared with 7 percent within the corresponding period last yr. In mainland China, certainly one of Burberry’s biggest markets, sales were down 23 percent attributable to lockdowns and the country’s later decision to chill out COVID regulations throughout the period. Outside mainland China, comparable stores sales advanced 11 percent with the EMEIA region, Japan, South Korea and South Asia-Pacific...
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