Multiple Bidders Emerge to Buy Bankrupt Recycler Renewcell
A deadline to submit initial offers passed on Thursday, with a final deal expected to close mid-April.
Retail sales value fell 4.2 percent from a year ago, the Census and Statistics Department said Wednesday.
Hong Kong no longer has the world’s most-expensive retail district after rents plummeted due to Covid curbs and restrictions on visitors.
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.
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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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.
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.
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
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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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 sales by value fell 13.1 percent from a year earlier to HK$25.6 billion ($3.3 billion).
The Chinese apparel group is looking to publicly float the textile business following its weak financial performance.
China's second-largest online retailer could launch the offering to raise at least $2 billion as soon as next week.
A deadline to submit initial offers passed on Thursday, with a final deal expected to close mid-April.
Shoppers “get bored very quickly,” Régis Schultz, JD Sports’ CEO, said.
British sportswear retailer JD Sports said trading conditions remained challenging after its like-for-like sales dropped in January, resulting in fourth-quarter growth of just 0.1 percent.
Luxury watchmaker Favre Leuba plans to unveil more than two dozen timepieces later this year, priced as much as 24,000 Swiss francs ($26,489), as part of a brand relaunch that seeks to expand the Swiss pioneer’s appeal beyond its majority Indian consumer base.
L Catterton, backed by French luxury group LVMH Moet Hennessy Louis Vuitton SE, is launching a new vehicle to invest in Indian consumer-sector companies as it increases the focus on the fastest-growing major economy in the world.
The online market for secondhand apparel hit $20 billion in the US in 2023 and is expected to more than double over the next five years, according to a new report from ThredUp and Global Data.
The Swedish retailer recorded operating profit of 2.08 billion Swedish krona ($196 million), with operating margin more than doubling from the year before.
Major UK fast fashion retailers will change the way they promote the environmental credentials of their clothes after being accused of greenwashing by a UK watchdog.