Latest news with #Asia-Pacific
Fashion Network
an hour ago
- Business
- Fashion Network
Authentic reinforces global strategy with APAC headquarters in Shanghai
Fashion Network: Over the past few years, the performance of many brands in China's market has not been that competitive. Why has Authentic still chosen to set up its APAC center in Shanghai instead of other cities? Jamie Salter: We believe in the long-term potential of the Chinese and broader Asia-Pacific market, and Shanghai is at the heart of that vision. Shanghai is a dynamic city and is the right home for our APAC headquarters, with China presenting great growth opportunities. The opening of our Shanghai office reflects our confidence in the region and commitment to building strong, localized partnerships that unlock the full potential of our brands. This city also provides a complete ecosystem that supports the acceleration and localization of our portfolio brands. It is our long-term commitment to this market. FN: What key brands will Authentic focus on developing in the Greater China/APAC area? Matt Maddox: Our strategic partnerships are driving significant success across our brand portfolio. Nautica is thriving through our collaboration with Tristate, whose deep expertise in China's apparel market and understanding of the brand have proven invaluable. For Hunter, our partnership with Baozun leverages their robust digital, logistics, and supply chain capabilities, perfectly suiting a brand focused on quality, performance and storytelling. Brooks Brothers is gaining renewed momentum thanks to ImagineX, a leading partner in building premium local brands. Finally, Champion 's explosive growth is a direct result of our collaboration with Belle Fashion, which has expertly positioned the brand in key retail channels and effectively connected with the right consumers. FN: What are the criteria for choosing these local partners? Matt Maddox: With nearly 1,800 global partners, our primary focus consistently centers on the product. We prioritize collaborations that effectively represent the brands and yield products genuinely valued by regional customers. This emphasis on product and quality naturally leads to considerations of operational synergy and collaborative methodologies. We are committed to fostering long-term, sustainable relationships built over many years. Our aspiration is for our global brands to also achieve local relevance, both here and in other markets, thereby significantly broadening our partnership footprint worldwide. FN: How do you manage brands with different cultural backgrounds across regional markets? Jamie Salter: Our core business model remains consistent globally; however, cultural adaptation is paramount. While product is key, we recognize the importance of localization: approximately 50% of our product line is global, with the remaining 50% tailored to local preferences. The world is shrinking due to social media and influencers, leading to increasingly similar styles worldwide. The time lag for trends to travel, once six months from Europe to America, has significantly shortened in the digital age. Therefore, our strategy is firmly 'Think Global, Act Local,' a practice we will continue to refine. We're observing a significant shift with products from Japan, Korea, and China, like the highly sought-after Champion Japan collection, now influencing the American market. Our asset-light business model facilitates this global collaboration, ensuring all partners can access diverse products. FN: How do you manage different teams that have varying cultural dynamics? Matt Maddox: From a cultural standpoint, we deeply value listening to our local teams and understanding that operational approaches and team dynamics vary significantly by region. This philosophy extends to our regional companies, each operating almost autonomously rather than receiving top-down directives from Europe, North America, or China, ensuring they effectively cater to their respective local cultures. FN: Aside from brand management, Authentic also operates a sports and entertainment business. Are there plans to expand this business locally? Jamie Salter: Our playbook remains centered on building out sports and entertainment, encompassing live events, experiences and media, much of which is already in motion. With Sports Illustrated, for example, we have live events in Singapore, and we are continuously expanding our footprint to replicate our execution model from Europe and America. With figures like David Beckham present and Sports Illustrated established, alongside live events in Singapore, we are continuously expanding our footprint to replicate our execution model from Europe and America. This expansion will involve both existing brands and the integration of new local celebrities and athletes, with a critical focus on their global appeal. Our 'Think Global, Act Local' strategy dictates that while we adapt to local markets, any engagement—particularly brand acquisitions—must have international travel potential. We believe that what resonates in one market, such as China, can indeed find success back in America. As a global company, we may engage in collaborations for purely local ventures, but our acquisitions prioritize brands with global reach.
Fashion Network
an hour ago
- Business
- Fashion Network
Authentic reinforces global strategy with APAC headquarters in Shanghai
Fashion Network: Over the past few years, the performance of many brands in China's market has not been that competitive. Why has Authentic still chosen to set up its APAC centre in Shanghai instead of other cities? Jamie Salter: We believe in the long-term potential of the Chinese and broader Asia-Pacific market, and Shanghai is at the heart of that vision. Shanghai is a dynamic city and is the right home for our APAC headquarters, with China presenting great growth opportunities. The opening of our Shanghai office reflects our confidence in the region and commitment to building strong, localised partnerships that unlock the full potential of our brands. This city also provides a complete ecosystem that supports the acceleration and localisation of our portfolio brands. It is our long-term commitment to this market. FN: What key brands will Authentic focus on developing in the Greater China/APAC area? Matt Maddox: Our strategic partnerships are driving significant success across our brand portfolio. Nautica is thriving through our collaboration with Tristate, whose deep expertise in China's apparel market and understanding of the brand have proven invaluable. For Hunter, our partnership with Baozun leverages their robust digital, logistics, and supply chain capabilities, perfectly suiting a brand focused on quality, performance and storytelling. Brooks Brothers is gaining renewed momentum thanks to ImagineX, a leading partner in building premium local brands. Finally, Champion 's explosive growth is a direct result of our collaboration with Belle Fashion, which has expertly positioned the brand in key retail channels and effectively connected with the right consumers. FN: What are the criteria for choosing these local partners? Matt Maddox: With nearly 1,800 global partners, our primary focus consistently centres on the product. We prioritise collaborations that effectively represent the brands and yield products genuinely valued by regional customers. This emphasis on product and quality naturally leads to considerations of operational synergy and collaborative methodologies. We are committed to fostering long-term, sustainable relationships built over many years. Our aspiration is for our global brands to also achieve local relevance, both here and in other markets, thereby significantly broadening our partnership footprint worldwide. FN: How do you manage brands with different cultural backgrounds across regional markets? Jamie Salter: Our core business model remains consistent globally; however, cultural adaptation is paramount. While product is key, we recognise the importance of localisation: approximately 50% of our product line is global, with the remaining 50% tailored to local preferences. The world is shrinking due to social media and influencers, leading to increasingly similar styles worldwide. The time lag for trends to travel, once six months from Europe to America, has significantly shortened in the digital age. Therefore, our strategy is firmly 'Think Global, Act Local,' a practice we will continue to refine. We're observing a significant shift with products from Japan, Korea, and China, like the highly sought-after Champion Japan collection, now influencing the American market. Our asset-light business model facilitates this global collaboration, ensuring all partners can access diverse products. FN: How do you manage different teams that have varying cultural dynamics? Matt Maddox: From a cultural standpoint, we deeply value listening to our local teams and understanding that operational approaches and team dynamics vary significantly by region. This philosophy extends to our regional companies, each operating almost autonomously rather than receiving top-down directives from Europe, North America, or China, ensuring they effectively cater to their respective local cultures. FN: Aside from brand management, Authentic also operates a sports and entertainment business. Are there plans to expand this business locally? Jamie Salter: Our playbook remains centred on building out sports and entertainment, encompassing live events, experiences and media, much of which is already in motion. With Sports Illustrated, for example, we have live events in Singapore, and we are continuously expanding our footprint to replicate our execution model from Europe and America. With figures like David Beckham present and Sports Illustrated established, alongside live events in Singapore, we are continuously expanding our footprint to replicate our execution model from Europe and America. This expansion will involve both existing brands and the integration of new local celebrities and athletes, with a critical focus on their global appeal. Our 'Think Global, Act Local' strategy dictates that while we adapt to local markets, any engagement—particularly brand acquisitions—must have international travel potential. We believe that what resonates in one market, such as China, can indeed find success back in America. As a global company, we may engage in collaborations for purely local ventures, but our acquisitions prioritize brands with global reach.
Economic Times
3 hours ago
- Sport
- Economic Times
Brian Norman Jr. knocks out Jin Sasaki, causing memory loss in WBO title bout
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Brian Norman Jr. (28-0) successfully defended his WBO welterweight championship by defeating Jin Sasaki (15-2-1) with a fifth-round knockout at the Ota-City General Gymnasium in Tokyo, Japan. The bout, held before a sold-out local crowd, ended when Norman landed a powerful overhand left that connected squarely with Sasaki's impact rendered Sasaki unconscious, and the back of his head struck the canvas on the way down. He was immediately taken to a nearby hospital, where further alarming details emerged. According to Issei Nakaya, Sasaki's trainer and promoter, Sasaki told medical personnel that he had no memory of the past month and a read: 'Live in my house and see Ukraine's war': Heavyweight boxing champion Usyk challenges Trump 'I don't even remember this being a title fight,' Sasaki reportedly said, raising concerns among fans and officials about the neurological impact of the Japanese fighter was ranked No. 2 in the WBO welterweight rankings going into the match, having held the WBO Asia-Pacific title. His loss to Norman not only ends his winning streak but also places his immediate boxing future in question following the reported memory known for his aggressive style and nicknamed 'The Assassin II,' took control of the fight early. He dropped Sasaki twice in the opening round, once with a clean head shot and a second time with a rapid combination that overwhelmed the challenger's attempts by Sasaki to recover in subsequent rounds, Norman's consistent left hook combinations continued to land with precision. The knockout punch in the fifth round marked the culmination of sustained pressure by the American the match, Sasaki underwent a CT scan, with results still pending further analysis. While no structural damage was immediately reported, his team is expected to proceed with caution. The incident has prompted renewed attention on the risks of repeated head trauma in boxing, especially at the elite read: Jamaican boxing legend Mike McCallum, "The Bodysnatcher," dies at 68 Norman Jr. has now improved his undefeated record to 28-0 and remains at the top of the WBO welterweight rankings. With the victory, he solidifies his position as one of the premier welterweights in the world and may next face either a voluntary challenger or a mandatory defense, possibly against WBO NABO titleholder Alexis Rocha.
Time of India
5 hours ago
- Sport
- Time of India
Brian Norman Jr. knocks out Jin Sasaki, causing memory loss in WBO title bout
Brian Norman Jr. retains WBO welterweight title with fifth-round knockout Brian Norman Jr. (28-0) successfully defended his WBO welterweight championship by defeating Jin Sasaki (15-2-1) with a fifth-round knockout at the Ota-City General Gymnasium in Tokyo, Japan. The bout, held before a sold-out local crowd, ended when Norman landed a powerful overhand left that connected squarely with Sasaki's jaw. The impact rendered Sasaki unconscious, and the back of his head struck the canvas on the way down. He was immediately taken to a nearby hospital, where further alarming details emerged. According to Issei Nakaya, Sasaki's trainer and promoter, Sasaki told medical personnel that he had no memory of the past month and a half. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Esse novo alarme com câmera é quase gratuito em Herval D'oeste (consulte o preço) Alarmes Undo Also read: 'Live in my house and see Ukraine's war': Heavyweight boxing champion Usyk challenges Trump 'I don't even remember this being a title fight,' Sasaki reportedly said, raising concerns among fans and officials about the neurological impact of the blow. Live Events Jin Sasaki suffers severe memory loss following knockout defeat The Japanese fighter was ranked No. 2 in the WBO welterweight rankings going into the match, having held the WBO Asia-Pacific title. His loss to Norman not only ends his winning streak but also places his immediate boxing future in question following the reported memory loss. Norman, known for his aggressive style and nicknamed 'The Assassin II,' took control of the fight early. He dropped Sasaki twice in the opening round, once with a clean head shot and a second time with a rapid combination that overwhelmed the challenger's defense. Despite attempts by Sasaki to recover in subsequent rounds, Norman's consistent left hook combinations continued to land with precision. The knockout punch in the fifth round marked the culmination of sustained pressure by the American champion. Medical evaluation and future outlook Following the match, Sasaki underwent a CT scan, with results still pending further analysis. While no structural damage was immediately reported, his team is expected to proceed with caution. The incident has prompted renewed attention on the risks of repeated head trauma in boxing, especially at the elite level. Also read: Jamaican boxing legend Mike McCallum, "The Bodysnatcher," dies at 68 Brian Norman Jr. retained his WBO welterweight title with a fifth-round knockout of Japan's Jin Sasaki in Tokyo. Following the defeat, Sasaki was hospitalized and revealed memory loss spanning six weeks. The incident has raised safety concerns while confirming Norman's dominance in the welterweight division Brian Norman Jr. knocks out Jin Sasaki, causing memory loss in WBO title bout Norman Jr. has now improved his undefeated record to 28-0 and remains at the top of the WBO welterweight rankings. With the victory, he solidifies his position as one of the premier welterweights in the world and may next face either a voluntary challenger or a mandatory defense, possibly against WBO NABO titleholder Alexis Rocha.
CNBC
7 hours ago
- Business
- CNBC
CNBC Daily Open: Intensifying Israel-Iran conflict puts investors on shaky ground
The conflict between Israel and Iran is intensifying, with both countries not backing down from strikes and their leaders continuing to issue heated rhetoric. The prospect of the United States potentially joining the fray — which Russia warned would cause "a terrible spiral of escalation" — is putting the world on a knife's edge. That unease is reflected in the markets. While U.S. exchanges were closed Thursday for a holiday, futures retreated in the evening local time. Across the Atlantic, travel and leisure stocks suffered the most as the Middle East conflict cast a shadow over international aviation. At the Paris Air Show, however, aircraft manufacturers are still booking billions in orders. Airbus had secured more than $20 billion in deals as of Thursday, according to Reuters calculations. That said, those encouraging numbers may not reflect immediate optimism about the global economy or geopolitics — aircrafts take years to deliver, and both Airbus and Boeing have a backlog of more than 8,000 and 5,000 aircrafts respectively. Until investors get a clearer sense of whether the U.S. will launch strikes on Iran, markets aren't likely to find solid ground.U.S. futures slip after trading reopensU.S. futures slipped Thursday evening stateside. Regular trading in the U.S. was closed for the Juneteenth holiday. While, oil prices for both U.S. crude oil rose, international benchmark Brent fell nearly 3%. Asia-Pacific markets rose Friday. China's CSI 300 added 0.26% at 1:30 p.m. Singapore time, as the country's central bank kept its benchmark lending rates unchanged. Meta tried to buy OpenAI co-founder's startupEarlier this year, Meta tried to acquire Safe Superintelligence, the artificial intelligence startup launched by OpenAI co-founder Ilya Sutskever, according to sources familiar with the matter. Sutskever turned down Meta and its attempt to hire him, the sources said. But Daniel Gross, the startup's CEO, and former GitHub CEO Nat Friedman will join Meta as part of Mark Zuckerberg's deal with NFDG, a venture capital firm both men run. Inflation in Japan highest in two yearsRice prices in Japan more than doubled in May, spiking 101.7% year over year and marking their largest increase in over half a century. The surge in rice prices comes as Japan's annual core inflation rate, which excludes fresh food costs, climbed to 3.7% in May, the highest since January 2023 and more than the 3.6% expected by economists polled by Reuters. Labubu-maker's shares slumpHong Kong-listed shares of Pop Mart, the toymaker behind the smash hit Labubu, continued to tumble Friday. Pop Mart first gained popularity with its "blind box" concept, a business model criticized by People's Daily, the Chinese Communist Party's official newspaper, on Friday. Morgan Stanley said in a note late Wednesday it was replacing Pop Mart with insurance company PICC P&C in the firm's China and Hong Kong focus list. Airbus stole the show in ParisAirbus dominated the order books at the Paris Air Show. The European aircraft manufacturer had racked up nearly $21 billion of orders as of Thursday morning, per a Reuters calculation. That included 132 firm orders on Monday, from customers including Saudi leasing firm AviLease, Japan's ANA and Poland's LOT, versus 41 for Boeing and 15 for Brazil's Embraer, according to a tally by aviation advisory IBA. [PRO] Berkshire stocks drop without BuffettWarren Buffett once predicted that Berkshire Hathaway stock would rise when he eventually steps down. So far, the opposite has happened. Since May 3, when the "Oracle of Omaha" announced his plans to hand over the reins, Berkshire stock has lost more than 10%, underperforming the S&P 500 by about 15 percentage points. Some think it could fall even more. Is India's hot IPO market cooling, or is it a blip? Twelve months ago, India's initial public offering market was booming, with tech startups from food and grocery delivery player Swiggy to electric two-wheeler manufacturer Ola Electric at the cusp of their debut. This year, however, there has been a pronounced change. There have been just 99 listings so far, down from 147 in the same period a year ago, according to FactSet data. Several companies have put their listing plans on hold given weak investor sentiment and the bleak macroeconomic outlook, despite having received approval from the Securities and Exchange Board of India.
