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Donald Tang, executive chairman of Shein, the global fast-fashion retailer, is preparing to step down as the company nears its public offering, according to sources with first-hand knowledge of the situation. Tang has been the public face of the company for…
After nearly four years of guiding the iconic Italian luxury fashion house, Versace’s CEO, Emmanuel Gintzburger, has decided to step down from his role. A Leadership Transition at Versace Gintzburger took the reins at Versace in September 2022, following his…
In a recent development, China’s market regulator has enforced stringent measures on the supermarket chain, Sam’s Club, which is owned by Walmart. The regulator has initiated these steps as part of a bid to eradicate food safety risks from the company’s…
Meituan, China’s foremost food delivery company, reported its third consecutive quarterly loss this Monday. However, it did manage to meet revenue growth projections. The company has been weathering a particularly tough year, characterized by fierce,…
Yum China, the company responsible for managing KFC and Pizza Hut chains across the nation, is broadening its reach by doubling its KPRO stores. The KPRO stores, which specialize in low-calorie meals, are set to reach 600 by the end of this year, following a…
The Cambodian Government has revised its economic growth expectation for 2026, dropping it from an earlier prediction of 5% to a more conservative 4.2%. Prime Minister Hun Manet, in the recently published medium-term fiscal framework for 2027-2029, cited a…
Dang Thanh Thuy has stepped down from her position as chief executive officer of Vinpearl, Vingroup’s resort division. Despite her resignation, Thuy continues to hold a seat on the organization’s board. Vinpearl has not yet announced a successor or the…
AliExpress, the online marketplace under the Alibaba Group, has expelled a China-based merchant who was selling dolls with childlike features intended for sexual use. This move followed a Reuters inquiry into whether the sale of these products adhered to the…
Beginning December 15, a new government decree in Vietnam is set to impose stricter regulations and heftier fines against pet owners who allow their animals to roam freely in public spaces or those who graze livestock and poultry within residential complexes.…
Once a beloved destination for dessert lovers, Singapore’s bakery cafe chain, Twelve Cupcakes, has entered a temporary state of liquidation. This unfortunate circumstance has led to the immediate closure of all its 20 establishments and the termination of…
In the face of global uncertainty, Australians in Sydney have been flocking to buy gold, a traditionally regarded safe-haven investment. Long queues have formed outside gold bullion stores as people patiently wait their turn to secure this precious metal.…
Hong Kong-based fashion retail giant, Giordano, has experienced a decrease in sales for the third quarter of the year, despite an overall positive performance for the year so far. Q3 Performance The retailer’s third-quarter revenue, ending on September 30,…
Sir Dickson Poon recently announced his retirement from his roles as group executive chairman and executive director of Dickson Concepts, a luxury goods company listed on the Hong Kong stock exchange. The decision came into effect following the conclusion of…
David Chan, the executive president and chief financial officer of Lanvin Group, has announced his decision to step down from his position effective October 27. While he plans to explore fresh opportunities, Chan is also slated to provide advisory support…
Asahi Group Holdings, a prominent Japanese beer and beverage corporation, has been unable to restart production at its domestic factories following a cyberattack, according to a company spokesperson. The timeline for resuming operations remains uncertain.…
Meta Platforms-owned Facebook and Instagram were down for hundreds of thousands of users across the globe on Tuesday, according to outage tracking website Downdetector.com. The disruptions started around 10:00 am ET, with more than 300,000 reports of outages…
