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With over 180 outlets, three popular pizza chains in Vietnam posted double-digit growth last year with combined revenues of over $83 million. American chain Pizza Hut was the revenue leader with VND749 billion ($32.2 million), up 22 percent year-on-year;…
Italian luxury fashion house Prada has opened a new boutique in Tokyo’s Shibuya district, featuring the unique evolution of its green-themed interior design. Located at the Miyashita Park shopping mall, the store is designed by OMA studio, founded by Rem…
US luxury group Capri has ended its fiscal year on an unsurprisingly gloomy note, largely due to the negative impact of the coronavirus. While the slip of 11.3 percent in total revenue does not look too bad compared to some other retailers, this is mostly…
Italy has approved a decree offering state guarantees for a 6.3-billion euro ($7.1 billion) loan to Fiat Chrysler’s (FCA) Italian unit, the Treasury said on Wednesday, paving the way for the largest crisis loan to a European carmaker. The formal announcement…
Fiat Chrysler Automobiles (FCA) has begun producing ventilator parts to help Italy’s Siare Engineering boost its output of the medical equipment needed to treat patients during the coronavirus crisis, the carmaker said on Friday. Carmakers around the world…
Luxury carmaker Ferrari said on Saturday it closed its two plants until March 27 in a response to the coronavirus outbreak in Italy and an emerging shortage of parts. Ferrari adds to a string of Italian manufacturers that have closed plants or slowed…
Celebrity chef Jamie Oliver’s Italian restaurant franchise Jamie’s Italian will close its locations in Hong Kong today, while its restaurant in Taipei was shuttered yesterday. After facing significant setbacks to the business following its collapse in the UK…
At headline level, the latest Capri results looks to have been a good quarter for the fashion retail owner, with revenues up by a solid 11.9 percent. However, the results are far from spectacular. The uplift in revenue is all a function of the inclusion of…
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…
Italian kitchen-design studio Stosa Cucine has opened its first store in Singapore. Located at the Apex @ Henderson building, the showroom spans 140sqm, displaying four kitchen models: Aliant, Natural, Infinity, and Aleve, for customers to experience.…
Italian fashion brand Calzedonia has reportedly renewed its Causeway Bay lease at a 15 per cent increase. According to reports in business media, the firm re-signed for the 400sqft retail space with just a month to spare on its existing contract at a cost of…
Italian bike maker Aprilia makes some high-revving performance bikes that enthusiasts swoon over, and now it has added a new name to that list of performance offerings. The company has unveiled the new Aprilia RSV4 X, which is a track-only motorcycle and has…
Kering is facing an Italian claim for €1.4 billion (£1.2 billion) in unpaid taxes. The company’s Swiss-based Luxury Goods International (LGI) subsidiary has been under investigation for allegedly avoiding tax on earnings generated elsewhere. The probe has…
Italian luxury house Brunello Cucinelli reported a leap in revenues for the 2018 fiscal year, with all geographic regions recording sales growth, particularly Greater China and Japan. For the year ending December 31, 2018, Brunello Cucinelli said total…
Italian fashion house Ermanno Scervino is launching a new boutique in Chinese Hangzhou. The 140sqm store, located inside the Hangzhou Tower shopping centre, houses the brand’s womenswear and menswear pret-a-porter and accessories collections. Its interior…
Italy’s OVS midrange fashion brand will open its first outlet in Ho Chi Minh City this weekend. ACFC, distributor of IPP Group, a major Vietnamese fashion retailer, has confirmed that they are introducing the OVS brand in Vietnam. OVS is a popular fashion…
