Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Instagram Outage Disrupts Thousands of U.S. Users 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
CJ ENM, a leading entertainment and e-commerce firm in South Korea, revealed it has secured a license to operate the country's Barneys New York luxury department store. With its permit, the company launched the fashion brand with the aim of getting its share in the local luxury fashion industry.
Moreover, CJ ENM said it has brought US-based Barneys New York to the country with the premium market in mind. According to The Korea Economic Daily, the company announced on Monday, Sept. 4, that it signed an exclusive licensing deal with the American Authentic Brands Group to domestically operate Barneys New York fashion business. The actual contract signing was revealed to have taken place in October of last year.
In any case, ABG owns the business rights to the said brand that CJ ENM is introducing this week. The company is set to drop the first Barney New York fall/winter collection on Tuesday, Sept. 5. The exclusive clothing lineup features elegant designs, and customers may choose from a range of outerwear such as checkered jackets and premium trench coats.
The clothes are limited edition and will be rolled out to customers at a pop-up store in LF's RAUM EAST multi-content store located in Shinsa-dong, Seoul. It was mentioned that the fashion items will also be sold via CJ ENM’s fashion platform called the CELEPSHOP. The CJ Group said it is planning to release exclusive Barneys New York products every season in collaboration with various artists and global brands and artists.
“This collection fully captures the sensibility and 100-year heritage of Barneys New York, which led the American fashion industry and dominated the era as a trend curator,” CJ ENM’s fashion business manager, Yena Hwang, said in a press release. “Barneys New York will continue to collaborate with various artists in the culture and arts world and through continuous collaboration, we will present new luxury trends in the domestic fashion market.”
Photo by: CJ Newsroom
