NEW YORK, United States — Gap Inc. announced Wednesday it plans to more than triple sales in China in three years as it seeks to grab a bigger piece of the overall $1.4 trillion global clothing market.
HONG KONG, China — Yue Yuen Industrial Holdings Ltd., a shoe supplier for Nike Inc. and Adidas AG, said more than 1,000 factory workers in a southern Chinese city went on strike today, demanding better social security payments.
HONG KONG, China — Workers at a Chinese factory owned by the world's largest maker of athletic footwear are striking in a dispute over benefits.A worker said more than 10,000 employees at Yue Yuen Industrial's plant in the southern province of Guangdong joined the strike on Tuesday.
BEIJING, China — Jumei International Holding Ltd, backed by venture-capital firm Sequoia Capital, filed with U.S. regulators on Friday to raise up to $400 million in an initial public offering of American Depositary Shares.
HONG KONG, China — Li & Fung Ltd. is working with Citigroup Inc. to spin off its brands business, valued at about $2 billion, people with knowledge of the matter said.
A growing number of Chinese are turning to “selling agents” to circumvent import duties and get their hands on authentic luxury goods at lower prices.
SHANGHAI, China — Nanjing Xinjiekou Department Store Co. will buy an 89 percent stake in Highland Group Holdings Ltd., which owns U.K. department store chain House of Fraser, the Chinese company said today.
HONG KONG, China — Alibaba, the world's biggest e-commerce company, changed how China shops. Now the man driving its blockbuster U.S. stock sale wants to transform the rest of the country's services industry, adding new users to the giant's 300 million customers.
HONG KONG, China — Prada shares fell more than 8 percent on Thursday morning after the Italian luxury fashion group reported full-year earnings that missed analyst estimates and forecast sales to rise by single-digit percentages this year.