Qatar Investment Authority Eyes 10% Stake in Golden Goose
Qatar’s sovereign wealth fund is preparing to buy a stake in Italian sneaker maker Golden Goose, Corriere della Sera reported Saturday.
Hong Kong
Retail
Hong Kong’s Retail Sales Post Surprise Drop in November
Retail sales value fell 4.2 percent from a year ago, the Census and Statistics Department said Wednesday.
Hong Kong’s Retail Sales Post Surprise Drop in November
Retail sales value fell 4.2 percent from a year ago, the Census and Statistics Department said Wednesday.
Luxury
Hong Kong Loses Top Ranking for Luxury Shopping to New York
Hong Kong no longer has the world’s most-expensive retail district after rents plummeted due to Covid curbs and restrictions on visitors.
Hong Kong Loses Top Ranking for Luxury Shopping to New York
Hong Kong no longer has the world’s most-expensive retail district after rents plummeted due to Covid curbs and restrictions on visitors.
Global Markets
Hong Kong Retail Sales Plunge Again in March on Virus Curbs
The fall in sales value from a year earlier was worse than the median estimate of a 12.6 percent decline expected by economists in a survey, though it was less than the 14.6 percent drop in February.
Hong Kong Retail Sales Plunge Again in March on Virus Curbs
The fall in sales value from a year earlier was worse than the median estimate of a 12.6 percent decline expected by economists in a survey, though it was less than the 14.6 percent drop in February.
China
World’s Most Expensive Retail Rents Tumble to Decade Low in Hong Kong
Landlords in Hong Kong’s priciest retail strips are facing a wake-up call: the days of leasing stores for $1 million a month are over.
World’s Most Expensive Retail Rents Tumble to Decade Low in Hong Kong
Landlords in Hong Kong’s priciest retail strips are facing a wake-up call: the days of leasing stores for $1 million a month are over.
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Sustainability
Chasing the Holy Grail of Circularity
Fashion has yet to crack industrial-scale recycling technologies that can keep clothes out of landfill. But there are solutions on the horizon, says Edwin Keh.
Chasing the Holy Grail of Circularity
Fashion has yet to crack industrial-scale recycling technologies that can keep clothes out of landfill. But there are solutions on the horizon, says Edwin Keh.
China
Where Global Brands Are Moving Their Asia-Pacific Headquarters
The pandemic and conflict between pro-democracy protesters and the government have dealt a severe blow to Hong Kong’s status as a corporate hub. Shanghai and Singapore will benefit most.
Where Global Brands Are Moving Their Asia-Pacific Headquarters
The pandemic and conflict between pro-democracy protesters and the government have dealt a severe blow to Hong Kong’s status as a corporate hub. Shanghai and Singapore will benefit most.
China
JD.com’s Logistics Arm Gets Green Light for Hong Kong IPO
On Thursday, the Chinese e-commerce giant’s logistics unit received approval to press on with an initial public offering that could raise up to $4
JD.com’s Logistics Arm Gets Green Light for Hong Kong IPO
On Thursday, the Chinese e-commerce giant’s logistics unit received approval to press on with an initial public offering that could raise up to $4
Global Markets
Gucci, Alexander McQueen Join Voucher Schemes in Hong Kong’s Top Malls
In a bid to attract shoppers back to the city’s brick-and-mortar stores, several high-end malls have launched cash voucher programmes in which luxury
Gucci, Alexander McQueen Join Voucher Schemes in Hong Kong’s Top Malls
In a bid to attract shoppers back to the city’s brick-and-mortar stores, several high-end malls have launched cash voucher programmes in which luxury
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Retail
Hong Kong’s Retail Woes Persisted in September
With inbound tourism unlikely to see a swift rebound, the city's retail sector continues to suffer in the wake of Covid-19 and socio-political unrest.
Hong Kong’s Retail Woes Persisted in September
With inbound tourism unlikely to see a swift rebound, the city's retail sector continues to suffer in the wake of Covid-19 and socio-political unrest.
Retail
Hong Kong Retail Slide Continued in August Amid Restrictions
Retail sales by value fell 13.1 percent from a year earlier to HK$25.6 billion ($3.3 billion).
Hong Kong Retail Slide Continued in August Amid Restrictions
Retail sales by value fell 13.1 percent from a year earlier to HK$25.6 billion ($3.3 billion).
China
Report: Shandong Ruyi Resists Lycra Sale in Favour of IPO
The Chinese apparel group is looking to publicly float the textile business following its weak financial performance.
Report: Shandong Ruyi Resists Lycra Sale in Favour of IPO
The Chinese apparel group is looking to publicly float the textile business following its weak financial performance.
China
Chinese E-tailer JD.com Files for Second Listing on Hong Kong Stock Exchange
China's second-largest online retailer could launch the offering to raise at least $2 billion as soon as next week.
Chinese E-tailer JD.com Files for Second Listing on Hong Kong Stock Exchange
China's second-largest online retailer could launch the offering to raise at least $2 billion as soon as next week.
The News in Brief
Retailers Push UK to Join US and EU Ending Shein Parcel Loophole
British retailers are pushing the UK government to end a tax loophole that has helped online giants Shein and Temu make significant inroads and gain market share.
Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.