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KPMG is being sued over its role in the insolvency of Dubai private equity firm Abraaj Group which claims the big four accounting company failed to maintain independence and breached its duty of care. KPMG was sued for at least $600 million by two units of…
The Malaysian government is seeking billions of dollars in damages from KPMG partners as part of an ongoing pursuit to recover 1MDB-linked funds. Malaysia is seeking over $5.6 billion from 44 current and former KPMG partners over alleged breaches and…
He brings deep domain expertise in emerging areas such as cryptocurrency and platform-based business models, and has been a driving force behind the firm’s global efforts to spur innovation, transformation and scale in financial services. KPMG in Singapore…
“Customers today care less about the breadth of assortment and more about availability.” Covid-19 has accelerated key underlying global retail trends that were already reshaping the industry according to a new report by KPMG. The research finds that retail…
Australian activewear retailer Lorna Jane is expanding into greater China as more than 10 potential investors are seeking a majority shareholding. Around 30 per cent of Lorna Jane’s more than $200 million in annual revenues comes from its online platforms in…
Samsonite CEO Ramesh Tainwala has resigned with immediate effect “in the best interests of the company” as the fallout from a short-seller report on the company’s reputation and share price continues. Tainwala will be replaced immediately by CFO Kyle…
British lingerie retailer Agent Provocateur is being prepared for a possible sale. This follows the company’s private equity owners late last year reporting accounting issues, a restructuring and the need for new investment into the high-end lingerie firm.…
Over 270 people attended the 2016 Asia Pacific Travel Retail Association Insights Seminars, organised in collaboration with KPMG. The aim was to glean valuable insights into consumer behaviour and other issues relevant to the duty-free and travel retail…
Singles Day spending tomorrow will undoubtedly shatter last year’s record spend of US$9.3 billion, predicts KPMG. November 11 is known in China as Singles’ Day, an annual one day event which sees online retailers slash prices of products and China’s shoppers…
Asian venture capital-backed companies enjoyed 45% year-on-year growth in capital received during the second quarter of 2015, bringing in more than $10 billion in investments, according to a recent report by KPMG, an audit, tax and advisory company. The…
