Oil Slides, Stocks Climb on Trump’s Iran Reprieve
Oil prices tumbled by over 8 percent after Trump said the US was in talks with Tehran to end the US-Israeli war on Iran, a claim parliamentary speaker Mohammad Baqer Ghalibaf has denied.
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
Puig, Estée Lauder Companies Considering Merger
The Spanish owner of Byredo, Rabanne and Charlotte Tilbury and the American conglomerate confirmed on Monday that they are in discussions to combine their businesses.
Applied Nutrition Sinks as War Disruption Poses Growth Risk
The UK supplement maker's shares slumped the most since its 2024 IPO after warning of disruption from the conflict in the Middle East, its CEO told Bloomberg.
New Luxury Store Openings Rise in Europe, Cushman Data Shows
The continent’s leading luxury retail streets saw a 13 percent rise in new outlets last year, with fierce competition for prime locations, according to Cushman & Wakefield.
Garage Clothing Owner Rides Y2K Fashion to $5.3 Billion Fortune
Andrew Lutfy, CEO and majority owner of Groupe Dynamite, saw his net worth surge to $5.3 billion after a sharp rise in shares following the company’s 2024 IPO.
Danone Acquires Protein Drinks Maker Huel in €1 Billion Deal
Huel, which counts actor Idris Elba and TV presenter Jonathan Ross among its investors, has agreed to be acquired by the French consumer goods group in a deal worth about $1.2 billion.
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.
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.