Love Bonito’s international fit

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In focus

• Love Bonito bets on overseas growth
• Southeast Asia’s security battle against Mythos
• As Uber-backed Lime files for IPO, revisit our 2019 analysis on the e-scooter space

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Hello reader,

Before my wife and I moved outside Metro Manila late last year, we decided to donate some clothes that hadn’t been used for a while as part of a Christmas donation drive of a hobbyist community I’m in.

While some shirts held sentimental value, they didn’t fit me anymore. They’ll see more use with someone else, and it makes packing easier.

Love Bonito did the corporate equivalent of letting go of clothes that didn’t fit it anymore. In our latest story, we reported that the company scaled back its US operations and tightened spending in 2024, according to its latest audited financial statements.

But it did result in a sharper silhouette for the Singapore-based womenswear brand. With Singaporean consumers pulling back on spending, Love Bonito’s top line took a “modest” hit in 2024 and 2025, CEO Dione Song told me.

But she isn’t sounding the alarm, as the company hit EBITDA breakeven last year. Its net losses also narrowed 36% year on year in 2025.

Meanwhile, our second featured story looks at the rude awakening that Anthropic’s new model, Mythos, delivered to the cybersecurity industry. Security teams are discovering that decades-old code vulnerabilities can now be exploited by AI systems in ways that are harder to detect.

My colleague Elyssa dove deep into how companies across the region are fighting back.

Miguel Cordon, journalist

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Top Stories

1️⃣ Love Bonito eyes Middle East’s long-term prospects as losses trim

While Singapore was a challenging market for Love Bonito in the past two years, its other markets proved resilient. Revenue from the Philippines, for example, grew 70% in 2024 after the company opened two physical stores in the country.

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