SINGAPORE — Facing each other across Singapore’s Orchard Road shopping belt, the malls owned by Singapore Press Holdings Ltd. and Overseas Union Enterprise Ltd. have competed for shoppers. Now, they will compete for investors.
PPR on watch for luxury ‘reinforcements’ (FT) “PPR is considering using cash generated by the sale of its retail assets for more luxury ‘reinforcements’, says chief executive François-Henri Pinault. ‘We have been talking about investing in a new luxury name’ says Mr Pinault. If PPR were to launch a new house, it would mark the first start-up by a major group since, in its earlier incarnation as Gucci,
Singapore to the fore (FT) “‘Until two to three years ago, not much had happened in Singapore’s [fashion and retail] scene,’ says Jean-Baptiste Debains, Asia-Pacific president of Louis Vuitton… But now Singapore, once regarded as Asian fashion’s frumpy step-sister, a place where steamy weather and limited retail options bred a populace most comfortable in beachwear, has seen an unprecedented flurry of