Levi’s finishes 2022 with 5.7% revenue decline

Jan 27, 2023 22:50 pm UTC| Economy Business Life

Levis has ended a solid year with revenue declining 5.7 percent to US$151 million in the fourth quarter from US$151 million in the same period in 2021. The denim giant posted sales of $1.59 billion in the fourth...

Toyota to develop EV-only car platform to rival Tesla

Jan 26, 2023 23:59 pm UTC| Life Nature Economy Business

Toyota Motor Corp. will develop an EV-only platform to cut costs, and raise production efficiency and competitiveness to directly compete with industry leader Tesla. The strategy is a radical shift gear in how it...

Mercedes, Porsche open EV-only sales outlets in Japan

Jan 26, 2023 23:59 pm UTC| Life Economy Business Nature

Mercedes-Benz and Porsche are setting up sales outlets exclusively for electric vehicles in Japan, hoping to take the lead in establishing sales systems at a time when Japanese automakers EV lineups remain limited. The...

China Airlines partners with Toutouan, JIA to upgrade its inflight Japanese cuisine

Jan 26, 2023 23:59 pm UTC| Economy Business Life

China Airlines has partnered with Tokyo restaurant Toutouan to offer Premium Business and Business Class passengers natural style Japanese cuisine on all its Japan routes. Passengers flying Premium Business and Business...

Reliance strengthens position in Indian footwear, apparel market with V Retail acquisition

Jan 26, 2023 23:59 pm UTC| Life Economy Business

Reliance Retail has acquired V Retail to expand its product offerings and strengthen its position in the footwear and apparel market. V Retail is one of South Indias major retail, distribution, and franchising firms,...

Mercedes-Benz tops sales of high-end Imported cars in S. Korea

Jan 26, 2023 23:58 pm UTC| Life Economy Business

The Korea Automobile Importers Distributors Association reported that 71,899 luxury vehicles priced over 100 million won were sold last year, up 10.3 percent on-year, with Mercedes-Benz Korea selling the most with 31,576...

K-pop fever prompts Dior, Louis Vuitton, Givenchy, Gucci, Burberry, Fendi to ink S. Korean endorsers

Jan 26, 2023 23:58 pm UTC| Life Economy Business Entertainment

The gloabl popularity of K-pop is pushing luxury brands like Christian Dior Louis Vuitton, Givenchy, Gucci, and Burberry to reach out to Korean celebrities. Jimin of BTS was recently tapped as Christian Diors brand...