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Fashion brand owner and retailer Trinity has hailed “a significant turning point” after releasing its first-half year results. “We have begun to reap the fruits of our reform and transformation efforts, most apparent of which is the group’s return to…
Fung Retailing and Alibaba have formed a strategic partnership to launch more international lifestyle brands in Mainland China. The partnership will bring closer Alibaba’s 600-million user base and Fung Retailing’s 3000+ network of stores across Greater…
Menswear retailer Trinity has announced double-digit same-store sales growth in its first half year. The period coincides with Shandong Ruyi International Fashion Industry Investment Holding taking a controlling interest in the group last April. During the…
UK Designer Parfums has acquired the fragrance licence of the Cerruti 1881 brand, chairman/CEO Dilesh Mehta has announced. Nino Cerruti founded the brand in Paris in 1967, which is known for its quality products in the world of fashion, accessories and…
Menswear retailer Trinity has recorded a half-year loss it attributes to subdued spending in Hong Kong, Macau and Taiwan, changing buying patterns, the renminbi depreciation and competition. The group loss to shareholders was HK$257 million (US$32.8 million),…
Italian fashion label Salvatore Ferragamo has taken over four JVs created in partnership with Trinity (Fung Group), which distributes the brand in South Korea and Southeast Asia. Ferragamo says it has bought the companies’ 20 per cent share, still owned by…
Under the agreement, the carrier will fly freighters on behalf of the New York-based forwarder from Colombo, Sri Lanka to Columbus, Ohio and to East Midlands Airport in the UK. The weekly flight will be operated with Etihad’s Boeing 747-8F, which offers a…
Trinity Pictures, India’s first franchise feature film studio, is planning two landmark Indo-China co-productions to be released in fiscal 2018, according to Eros International Media. These are Kabir Khan’s travel drama The Zookeeper (working title) and…
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…
Li & Fung subsidiary Trinity, which retails high-end menswear Greater China and Europe, has weathered a stagnant home market in 2014. The company posted revenue of HK$2.6 billion (US$335.2 million) and the gross profit was HK$1.9 billion ($244.95 million).…
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