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Casual apparel retailer Bossini says it will close more stores in Hong Kong as many landlords remain unwilling to convert leases to turnover-based rents. The company has reported a loss of US$11.2 million for the December half after sales fell 25 percent.…
Local clothing chain Bossini said it has suffered a loss of more than HK$367 million in its last financial year and warned that it may have to close some of its stores in the city unless landlords agree to provide more “reasonable” rent relief and reduction.…
Covid-19 has increased Hong Kong-listed apparel group Bossini’s loss attributable to shareholders by 174 percent from last year to US$48.85 million. Sales for the 12 months to June 30 hit $141 million, down by 27 percent, and gross margin fell to 49 percent,…
Hong Kong-based apparel retailer Bossini says its database of loyalty program members and online customers was hacked earlier this month. The company says the information accessed without authorization on or around June 3 included customers’ names, addresses,…
Troubled apparel retailer Bossini has issued another profit warning after reviewing 11 months of its trading year. In a filing with the Hong Kong stock exchange, Bossini says it expects that the loss attributable to shareholders for the period to May 31 was…
A Chinese company controlled by Li Ning plans to buy a controlling stake in Hong Kong-listed apparel group Bossini, with plans to expand the business in Mainland China. A venture called Viva China will buy 1.09 billion shares in Bossini, paying just HK$46.6…
Hong Kong-headquartered apparel chain Bossini is to close down its Taiwan business, expecting to close all 51 stores by July 31. Chairman Bess Tsin said Bossini Taiwan will start discussions with landlords over terms for exiting leases early and all employees…
Apparel retailer Bossini has revealed a loss of HK$93.7 million (US$12 million) during the six months to December – more than triple the $25.7 million loss of the same period a year earlier. Sales were down 20 percent from $875 million to $699 million ($89.9…
A week out from releasing its half-year results, apparel retailer Bossini has warned shareholders of a bleak performance. Chairman Bess Tsin said in a stock-exchange filing that the group expects to record a loss attributable to shareholders ranging between…
Lifestyle apparel brand Bossini has warned shareholders its loss this year will blow out to about $139 million, citing Hong Kong’s rolling protests. That figure is higher than the $124 million it projected at the end of May after reviewing management accounts…
Bossini has issued a profit warning saying unseasonal weather and weak consumer sentiment is impacting sales. In a stock exchange filing in Hong Kong, where the company is listed, Bossini chairwoman Bess Tsin said unaudited consolidated management accounts of…
Bossini Singapore opened a new store concept at Jewel Changi today. The fashion retailer says shoppers can look forward to an enhanced visual and shopping experience in the new store. The interior is fitted out with materials that resemble nature while walls…
An unseasonably warm winter and weak consumer sentiment in core markets has been blamed for a more than doubling of losses for Bossini International in the six months to December. The casual-fashion retailer reported a 10 per cent decline in group revenue to…
Bossini International has warned the group is expected to record a loss attributable to owners of between HK$23 million and $28 million (US$2.93 million to $3.6 million) for the six months to December – roughly double the loss of the same period last year.…
Foreign exchange losses hobbled the recovery of Hong Kong-headquartered fast-fashion label Bossini. In full-year results just released, Bossini reported a 3 per cent decline in total revenue to HK$1.958 billion (US$249.6 million), largely due to a decrease in…
Apparel brand Bossini International Holdings remains optimistic despite a slip in revenue and profit turning to loss for its six months to the end of December. It says growth is projected to continue rising in emerging markets and developing economies,…
