Shiseido has formed a joint venture in Indonesia with PT Sinar Mas Tunggal.
The joint venture partner is part of the Sinar Mas Group conglomerate. Shiseido owns a 65 percent stake in the venture, which will be headquartered in Jakarta and be named PT Shiseido Cosmetics Indonesia. The venture is expected to commence business activities in July.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)