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Luxury brand reps nearly triple Vietnam profits

Luxury brand reps nearly triple Vietnam profits

Vietnam’s distributors of luxury brands such as Louis Vuitton, Chanel, Dior and Hermes posted VND3.8 trillion ($156.57 million) in 2022 profits, up 270% year-on-year, according to latest data from a market research company.
Chinese authorities destroy 3,000 tonnes of fake goods worth US$69M

Chinese authorities destroy 3,000 tonnes of fake goods worth US$69M

Chinese authorities on Thursday destroyed a giant haul of counterfeit products purporting to be from brands such as Nike and Louis Vuitton at an event held across 17 provinces and cities, state broadcaster CCTV reported.
December 3, 2023 | 11:36 pm PT
Blackpink Lisa seen with son of LVMH founder

Blackpink Lisa seen with son of LVMH founder

Lisa of the K-pop group Blackpink was seen waiting in a California airport VIP lounge with Frédéric Arnault, son of the luxury goods conglomerate LVMH’s founder and CEO Bernard Arnault.
August 15, 2023 | 03:30 am PT
Model and luxury retail heir postpone Saigon wedding ceremony in Covid precaution

Model and luxury retail heir postpone Saigon wedding ceremony in Covid precaution

Vietnamese model Linh Rin and retail heir Phillip Nguyen have postponed their wedding in Saigon due to a potential coronavirus outbreak.
April 27, 2023 | 11:17 pm PT
Model shares moments in Manila wedding to luxury retailer heir

Model shares moments in Manila wedding to luxury retailer heir

Vietnamese model Linh Rin has recently uploaded photos taken during her Manila wedding to Phillip Nguyen, son of Vietnam's “king of luxury brands” Jonathan Hanh Nguyen.
April 24, 2023 | 10:56 pm PT
Luxury sector eyes reopening of China

Luxury sector eyes reopening of China

After a year of record sales and profits despite slowing global growth the luxury sector is looking to the reopening of China to deliver further expansion in 2023.
February 19, 2023 | 09:19 pm PT
Suspected counterfeit goods found at HCMC shop

Suspected counterfeit goods found at HCMC shop

A number of products with brand names such as Gucci, Chanel, and Fendi which appear to be counterfeit have been found at the Trang Nemo Shop in Ho Chi Minh City.
December 10, 2022 | 08:35 am PT
Rents surge in downtown Hanoi as retail recovers

Rents surge in downtown Hanoi as retail recovers

The recovery in the retail market post-Covid and the entry by foreign luxury brands have sent rents soaring in Hanoi, especially the downtown area.
October 13, 2022 | 07:11 pm PT
Luxury brands drop Chinese star held for hiring sex workers

Luxury brands drop Chinese star held for hiring sex workers

Global brands including Prada and Remy Martin have cut ties with Chinese superstar Li Yifeng, after the actor was detained for soliciting sex workers.
September 13, 2022 | 12:14 am PT
Two firms lord it over Vietnam high-fashion scene

Two firms lord it over Vietnam high-fashion scene

Vietnam’s high-fashion scene is dominated by two firms, Duy Anh Fashion & Cosmetics and the International Company Limited Tam Son.
September 11, 2018 | 05:13 pm PT
 
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