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Difficult times on Asian markets, especially in Hong Kong and Macau with lower local demand and fewer tourists, have impacted Prada profits. “At the same time, social and political tensions worldwide further contributed to a general decrease in willingness to…
DFS Group has announced its new Spring 2016 campaign tie up with three international influencers and global travellers to support and celebrate the launch of its new travel #mustpack concept – aimed at equipping travellers with the essentials ‘for wherever…
Prada Asia is the Italian luxury label’s achilles heel with the company reporting a 16 per cent decrease in sales in the region in the year to January 31. “The economic situation of the Chinese market remains negative although there was some improvement in…
Italian luxury goods group Prada said on Friday its finance chief was resigning with immediate effect, two days after the company reported almost flat full-year sales, held back by weakness in Greater China. Prada said in a statement to the Hong Kong stock…
Italian Prada Group‘s 2015 turnover dropped ever so slightly, blaming it on the lousy economic state China is in. The country is an important market for plenty of luxury brands, although the expensive dollar also had a negative effect. Strong growth in home…
Hang Lung Properties chairman Ronnie Chan Chichung said on Thursday the developer cut its final dividend for the first time in 16 years amid weak sales in Hong Kong and the poor retail outlook in China would be a headwind over its prospects going forward. On…
Reporting from Pranda Group, the progress of its retail business expansion throughout the year 2015 in Vietnam and Indonesia; the country members of AEC has strengthened PRIMA GOLD brand by creating impressive experience to the target customers such as…
In 1992 Louis Vuitton made its debut in China with a store in Beijing’s bustling shopping district of Wangfujing, becoming the first luxury brand to set foot in the Middle Kingdom. The timing was perfect. The Chinese economy was just coming into its own,…
Luxury fashion retailer Burberry Hong Kong has launched an unprecedented deep discounting campaign to move stock in the peak Christmas retail period. The British brand has reduced the prices on some lines by 50 per cent, the biggest reductions since the…
Luxury fashion group Prada says the Asia Pacific market continued to decline during the first nine months of the new financial year. And Hong Kong and Macau have taken the blame – again. During the last three quarters, sales in the region fell 4.9 per cent at…
Prada shares have fallen sharply in Hong Kong, after analysts reacted negatively to the fashion company’s latest financial results which came in well below expectations. The Italian fashion house, which specialises in leather fashion and fashion accessories,…
Prada Philippines has reopened its high profile boutique in the Greenbelt Ayala Center in downtown Makati, Manila. The expanded and renovated store inside the prestigious mall was designed by architect Roberto Baciocchi, covers a total area of approximately…
In the heart of Guangzhou’s Yuexiu district, the shopping centre La Perle is a symbol of luxury living in the southern mainland city. The high-end shopping mall, which opened in January 2004, has long been the first stop for many international brands seeking…
Retailing landlords will likely continue to feel the pinch in coming times, as the ongoing slump in tourism is poised to weigh negatively on capital values in prime shopping districts, thumping prices a further 20 per cent next year, on top of an expected 20…
Prada Macau has opened its fourth store – a menswear-only boutique at Studio City. The new space, designed by architect Roberto Baciocchi, covers about 500 sqm on a single level and houses the men’s ready-to-wear, leather goods, accessories and footwear…
Shoe marketer Stella International has reported increased sales in the second quarter on the back of growing demand for sports fashion footwear. In the three months to September 30, consolidated revenue from its China retail business and its manufacturing…
