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Euromonitor

Diageo submits financial documents to New Delhi anti-corruption police, source says

by Walter Watson
Diageo submits financial documents to New Delhi anti-corruption police, source says

Spirits group Diageo’s Indian unit has submitted financial documents sought by New Delhi anti-corruption police in an investigation related to billing and discount practices involving city agencies, a source familiar …

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In China, a search for identity boosts Lululemon, premium sportswear brands

by David Johnson
In China, a search for identity boosts Lululemon, premium sportswear brands

By Reuters Published Jun 11, 2024 Premium sportswear brands are enjoying robust growth in China as they take to directly courting their main customers, posing yet another setback to megabrands …

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South Korea signs agreement with AliExpress, Temu on product safety

by David Johnson
South Korea signs agreement with AliExpress, Temu on product safety

By Reuters Published May 14, 2024 South Korea’s government signed an agreement on Monday with Alibaba’s AliExpress and PDD Holdings’ Temu to promote product safety, the Korea Fair Trade Commission …

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Spanish beauty billionaires seek IPO to ward off succession drama

by Lionel Rogers
Spanish beauty billionaires seek IPO to ward off succession drama

By Bloomberg Published Apr 25, 2024 Over four days of celebrations to mark its centenary in 2014, Spain’s biggest beauty products company inaugurated a new headquarters in Barcelona attended by the Iberian nation’s then Prince …

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In Olympics launch, Adidas seeks to broaden sport appeal

by David Johnson
In Olympics launch, Adidas seeks to broaden sport appeal

By Reuters API Published Apr 18, 2024 Adidas launched new shoes for 41 Olympic disciplines at an event in Paris on Thursday, alongside sponsored athletes including climbing gold medallist Janja …

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In China’s slowing beauty market, big brand discounts won’t cut it

by Lionel Rogers
In China’s slowing beauty market, big brand discounts won’t cut it

By Reuters API Published Dec 8, 2023 Expensive beauty hauls are a thing of the past for Evelyn Zhu. The Chinese branding professional says she now only spends on skincare …

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China leads the world in EV infrastructure but lags behind in consumer spending power: Euromonitor

by Walter Watson
China leads the world in EV infrastructure but lags behind in consumer spending power: Euromonitor

China leads the world in developing infrastructure to support the growth of electric vehicles (EV), but trails major European countries in consumer spending power on battery-powered cars, according to a …

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Mainland China, Hong Kong companies to benefit as AI penetrates deeper into customer experience, researcher says

by Anas Siddiqui
Mainland China, Hong Kong companies to benefit as AI penetrates deeper into customer experience, researcher says

Mainland Chinese and Hong Kong companies that are quick to adopt artificial intelligence (AI) technology are likely to see a boost in revenue from honing their ability to deliver a …

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Temu’s win over Shein in the US is hurting its bottom line

by Lionel Rogers
Temu’s win over Shein in the US is hurting its bottom line

By Bloomberg Published Oct 24, 2023 Temu’s transformation over the past year is the stuff of business dreams. Virtually unknown when it launched in the US last September, it’s now …

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Estée Lauder to open a fragrance development centre in Paris

by Lionel Rogers
Estée Lauder to open a fragrance development centre in Paris

Translated by Cassidy STEPHENS Published Oct 2, 2023 France and its expertise in the beauty industry continues to attract American cosmetics groups. While Coty has began trading on the Euronext …

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