De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
Singapore
Global Markets
Singapore’s Zilingo to Liquidate After Crisis at Fashion Start-Up
Zilingo Pte is set to enter liquidation, capping a months-long crisis that shocked Asia’s technology and start-up industries.
Singapore’s Zilingo to Liquidate After Crisis at Fashion Start-Up
Zilingo Pte is set to enter liquidation, capping a months-long crisis that shocked Asia’s technology and start-up industries.
Global Markets
Zilingo COO Quits in Latest Blow for Singapore Start-Up
Aadi Vaidya, who joined the company in 2015 and became the COO two years later, confirmed his resignation when contacted by Bloomberg News. Friday is his last day at the company, Vaidya said in his response.
Zilingo COO Quits in Latest Blow for Singapore Start-Up
Aadi Vaidya, who joined the company in 2015 and became the COO two years later, confirmed his resignation when contacted by Bloomberg News. Friday is his last day at the company, Vaidya said in his response.
Global Markets
Zilingo’s Fired CEO Responds to Questions of Mystery Payments
The fashion e-commerce platform terminated her employment after an investigation into claims of what it called “serious financial irregularities” and said it “reserves the right to pursue appropriate legal action.”
Zilingo’s Fired CEO Responds to Questions of Mystery Payments
The fashion e-commerce platform terminated her employment after an investigation into claims of what it called “serious financial irregularities” and said it “reserves the right to pursue appropriate legal action.”
Global Markets
Temasek-Backed Zilingo Seeking $200 Million in Funding
The Singapore-based company is working with Goldman Sachs Group Inc. on the potential fundraising deal that could boost its valuation to over $1 billion, said the people, who asked not to be identified as the process is private.
Temasek-Backed Zilingo Seeking $200 Million in Funding
The Singapore-based company is working with Goldman Sachs Group Inc. on the potential fundraising deal that could boost its valuation to over $1 billion, said the people, who asked not to be identified as the process is private.
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Global Markets
Shein on Singapore Hiring Spree as It Shifts Key Assets
China’s Shein is aggressively expanding its Singapore office after making a Singapore firm its de facto holding company, according to people with knowledge of the matter and a Reuters analysis of filings by the online fast-fashion retailer.
Shein on Singapore Hiring Spree as It Shifts Key Assets
China’s Shein is aggressively expanding its Singapore office after making a Singapore firm its de facto holding company, according to people with knowledge of the matter and a Reuters analysis of filings by the online fast-fashion retailer.
Global Markets
Shopee’s Q3 Revenue Up 134%
The Singapore-based e-commerce giant reported an 80.6 percent boost in gross merchandise value (GMV) year-on-year, with total orders up 123.2 percent year-on-year.
Shopee’s Q3 Revenue Up 134%
The Singapore-based e-commerce giant reported an 80.6 percent boost in gross merchandise value (GMV) year-on-year, with total orders up 123.2 percent year-on-year.
Global Markets
Singapore’s Shopee Expands to France as Part of European Push
The e-commerce giant that has driven sales for brands like Sulwahsoo and Calvin Klein in Southeast Asia this week unveiled a localised platform for the French market, in a move that will see it come up against global retail giants like Amazon and Alibaba.
Singapore’s Shopee Expands to France as Part of European Push
The e-commerce giant that has driven sales for brands like Sulwahsoo and Calvin Klein in Southeast Asia this week unveiled a localised platform for the French market, in a move that will see it come up against global retail giants like Amazon and Alibaba.
Global Markets
Singapore’s Carousell Acquires Sneaker Marketplace
Carousell Group, which includes C2C marketplace Carousell, Vietnam’s Chotot and Malaysia’s Mudah, has added to its fashion resale arsenal by buying Ox Street, one of Southeast Asia’s fastest-growing managed marketplaces for authenticated streetwear.
Singapore’s Carousell Acquires Sneaker Marketplace
Carousell Group, which includes C2C marketplace Carousell, Vietnam’s Chotot and Malaysia’s Mudah, has added to its fashion resale arsenal by buying Ox Street, one of Southeast Asia’s fastest-growing managed marketplaces for authenticated streetwear.
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Global Markets
Singapore’s Carousell Raises $100 Million for Regional Expansion
Carousell Group, which includes C2C marketplace Carousell, Vietnam’s Chotot and Malaysia’s Mudah, secured $100 million in a funding round led by
Singapore’s Carousell Raises $100 Million for Regional Expansion
Carousell Group, which includes C2C marketplace Carousell, Vietnam’s Chotot and Malaysia’s Mudah, secured $100 million in a funding round led by
Global Markets
Sources: Singaporean E-Commerce Giant Shopee to Debut in Europe With Poland Launch
Sea Ltd’s Shopee is preparing to launch in Poland and is currently recruiting sellers, two company sources with knowledge of the matter told Reuters.
Sources: Singaporean E-Commerce Giant Shopee to Debut in Europe With Poland Launch
Sea Ltd’s Shopee is preparing to launch in Poland and is currently recruiting sellers, two company sources with knowledge of the matter told Reuters.
Global Markets
Singapore Retail Sales Jump 25% as Southeast Asian Hub Vows to ‘Live With Covid’
In June, the market’s retail sales totalled $2.43 billion in a year-on-year boost of 25.8 percent, Retail in Asia reports.
Singapore Retail Sales Jump 25% as Southeast Asian Hub Vows to ‘Live With Covid’
In June, the market’s retail sales totalled $2.43 billion in a year-on-year boost of 25.8 percent, Retail in Asia reports.
Global Markets
Shopee Outpaces Tokopedia in Indonesian E-Commerce Race
The Singaporean e-tail platform’s $14.2 billion GMV puts it slightly ahead of local giant Tokopedia, with GMV also around $14 billion, while
Shopee Outpaces Tokopedia in Indonesian E-Commerce Race
The Singaporean e-tail platform’s $14.2 billion GMV puts it slightly ahead of local giant Tokopedia, with GMV also around $14 billion, while
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.