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Menswear model Trinity has warned it expects to submit a loss within the half yr to June based mostly on preliminary buying and selling figures. The Hong Kong listed retailer and producer, majority owned by Li & Fung, says it has confronted challenges…
Asian cities proceed their domination of the annual MasterCard International Locations Cities Index,making up half of the highest 10 locations for worldwide journey. Bangkok has retained its place at quantity two and is catching up with top-ranked metropolis,…
A yr on from shopping for Hearts on Hearth, Hong Kong headquartered jeweller Chow Tai Fook stays bullish concerning the model’s prospects in Mainland China, regardless of the static jewelry market. Chow Tai Fook has three standalone shops in China and, one…
Hong Kong’s Jardine Restaurant Group has gained the rights for Pizza Hut Myanmar and can open the primary restaurant there in November. Jardine opens greater than 600 Yum! Manufacturers franchises – Pizza Hut and KFC eating places in Hong Kong, Taiwan,…
Common excessive road trend model H&M opened its first retailer in Macao at Shoppes at Venetian on Saturday, including to the mall’s present providing of over 350 worldwide manufacturers. Overlaying an space of 19,000 sq. ft, the retail area is unfold over…
British way of life trend model Ted Baker has reported robust efficiency throughout all international markets and distribution channels within the 18 weeks to June 6. Group income soared 24.2 per cent above the identical interval final yr, with retail gross…
Singapore’s Metro Holdings has reported an 82.7 per cent fall in its internet revenue to S$7.6 million within the fourth quarter. Full yr earnings, nevertheless, rose 33.7 per cent to $142.9 million on income up four.78 per cent to $145.eight million. The…
Chow Tai Fook added 180 new factors of sale within the 2015 monetary yr and says it’s going to proceed to increase regardless of the slip in gross sales. The corporate now has 2257 factors of sale, largely in Hong Kong, mainland China and Macau. “Whereas it’s…
Hasbro is about to reach at Licensing Expo 2015 to highlight its highly effective portfolio of worldwide franchises, together with Transformers, My Little Pony, Nerf, Monopoly and Jem and the Holograms. Lately named a prime 10 international licensor by…
Symphony EYC, which supplies software program and providers for greater than 1000 retailers, producers and wholesalers globally, has made two key Asian government appointments. Oscar Garcia-Velasco turns into VP Asia Pacific and Japan and Henry Chen GM of…
Pleasure Metropolis Property says Zara, an anchor tenant in its Xidan Pleasure Metropolis mall, has reopened its renovated and expanded retailer. The brand new Zara Xidan Pleasure Metropolis retailer is 1800 sqm, 700 sqm than the earlier store. On its…
Hong Kong-listed L’Occitane says international gross sales elevated 11.7 per cent final monetary yr – largely pushed by Hong Kong and China. The skincare and cosmetics model achieved gross sales progress in each market in Asia and past. In Hong Kong, the…
Luxify, a web-based luxurious market for purchasing and promoting luxurious merchandise, is launching within the Philippines. The Hong Kong based mostly firm, which additionally has workplaces in London and Singapore, says it’s “notably excited” concerning…
L’Oreal China turned the primary worldwide cosmetics model to verify a minimize in its retail costs within the wake of the mainland authorities’s affirmation of a tariff reduce this week. The federal government stated it might reduce the tariff on imported…
China’s mainland government will halve duties on imported clothing, accessories, skincare products and nappies from Monday June 1. The China duty cuts were first flagged early this month as Beijing’s lawmakers sought a way to revive flagging retail sales…
Walmart, the world’s largest retailer, says it can take in-house a few of the inventory sourcing it has beforehand contracted out to Li & Fung subsidiary Direct Sourcing Group. It expects by dealing with its personal sourcing, it should scale back prices in…
