LOVE, BONITO RAISES US $50 MILLION IN SERIES C FUNDING TO FUEL CATEGORY AND INTERNATIONAL EXPASION
LOVE, BONITO RAISES US $50 MILLION IN SERIES C FUNDING TO FUEL CATEGORY AND INTERNATIONAL EXPASION Southeast Asia's largest omnichannel womenswear brand has its eyes set on evolving into a purpose-driven female ecosystem that supports Asian women around the world at every life stage Fundraising round led by Primavera Capital Group with participation from Adastria and Ondine Capital The funds will be used to bolster efforts in existing omnichannel markets and accelerate high growth international markets including Hong Kong, Japan, Philippin…
APAC TO ACCOUNT FOR OVER 40% GLOBAL MENSWEAR AND WOMENWEAR MARKET BY 2024
APAC TO ACCOUNT FOR OVER 40% GLOBAL MENSWEAR AND WOMENWEAR MARKET BY 2024 - High population density, increasing Internet penetration, economic growth and the increased spending ability of the consumers offer huge growth potential for menswear and womenswear sales in the Asia-Pacific (APAC) region. As a result, the APAC market is forecast to account for over 40% of the global sales by 2024, reveals GlobalData, a leading data and analytics company. At the same time, the share of the Americas and Europe will continue to fall, on the back of mar…
APAC FORMALWEAR RETAILERS MUST ADAPT TO WORK-FROM-HOME TREND TO STAY RELEVANT IN MARKET
APAC FORMALWEAR RETAILERS MUST ADAPT TO WORK-FROM-HOME TREND TO STAY RELEVANT IN MARKET, SAYS GOLBALDATA With work-from-home continuing to be a precautionary measure in 2021 to safeguard employees from the COVID-19 pandemic, formalwear retail brands in the Asia-Pacific (APAC) region need to revisit their strategies to operate and compete in the market, says GlobalData, a leading data and analytics company. Formalwear retail brands saw a sharp growth in the recent past with the emergence of countries such as India, Singapore and China as major …
ASIA-PACIFIC TO LEAD GLOBAL JEANS MARKET GROWTH
ASIA-PACIFIC TO LEAD GLOBAL JEANS MARKET GROWTH - The emerging markets across the Asia-Pacific (APAC) region are set to play a crucial role in the revival of the global jeans market to its pre-COVID-19-pandemic level growth by 2022, says GlobalData, a leading data and analytics company. GlobalData’s research reveals that the global jeans market grew at a compound annual growth rate (CAGR) of 0.5% between 2014-2019 to reach US$74bn. However, the COVID-19 induced lockdowns led to store closures, which dampened the overall apparel spend, includi…
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