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Central Pattana Public Company (CPN) had a second-quarter consolidated net profit of THB2.4 billion (US$74.6 million), up 8 per cent year on year. Total revenues grew by 6 per cent to THB7.62 billion. CPN, which manages 30 shopping malls, says its performance…
Thai mobile handset distributor Jay Mart plans to spend THB50 million (US$1.4 million) opening up to 10 Jaycamera shops by the end of this year. The outlets are forecast to initially draw in revenue of THB800 million, and within three years the company hopes…
The Monetary Authority of Singapore (MAS) will soon test how it could issue digital currency using a v-based interbank payment system. The planned proof-of-concept will be supported by blockchain consortium R3CEV, as well as eight banks and an unnamed local…
Hong Kong’s largest music and DVD retailer HMV quietly closed its iconic flagship store in Central last month in a move to lower rental costs, as the city faces its steepest retail downturn since the Asian Financial Crisis. The closure will be followed by the…
Louis Vuitton is committed to the Greater China market and the company’s chief believes Hong Kong’s challenges are of a short term nature. And the company has announced it will soon commence renovations of its Louis Vuitton Hong Kong flagship store at…
IMG, organisers of the inaugural Taste Hong Kong in March, have revealed a star studded initial lineup of participating restaurants. A lucky eight Michelin stars have been accrued by the restaurants combined! Taste of Hong Kong will take place on the Central…
New Zealand handmade soap company Honeybunch Handmade has opened its first own brand store in Hong Kong. Honeybunch Handmade is a brand owned by Soap Opera Productions, which has been supplying a Mainland China retailer with products for several years. Such…
The Emack & Bolio’s Central ice cream parlour just opened in Hong Kong is described as “unlike any other” you’ll find in the city. Emack & Bolio’s, at 26 Cochrane St, serves up 31 flavours of ice cream, frozen yogurt and sorbets along with smoothies,…
German car maker Mercedes-Benz has opened a new retail and dining concept in the heart of Central. The Mercedes restaurant, called Mercedes Me, “is about creating the ultimate personalised experience, developed organically around you and the products that you…
Italian luxury lingerie brand La Perla has reopened its Russell St flagship store after renovation. La Perla Hong Kong first opened in 2006 in Lane Crawford at pacific Place. Since then the brand has expanded to four stores – and the Russell St shop is…
Hong Kong retail is moving from its traditional luxury focus to the mid market and the demographics of shoppers change, according to a report from CBRE. Mid-market retail brands are set to overtake luxury brands as the main driver of retail demand in the…
London jeweller Carat* has opened a new boutique in IFC Mall in Central. The store is one of two opened in Greater China in recent weeks – the other being inside IFC Mall in Shanghai. Founded by Englishman Scott Thompson in 2003, Carat* describes itself as…
Hong Kong listed Chinese mall owner Hang Lung Group has reported a three per cent rise in turnover in the first half of 2015. The group said revenue reached HK$4.893 billion, with rental turnover up eight per cent to HK$4.148 billion. Property sales income…
