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Luk Fook same store sales down 26 pct in SARs for fiscal Q3

Mei Ling Tan January 15, 2016

Hong Kong-listed jewellery retailer Luk Fook Holdings (International) Ltd. saw a 26 per cent year-on-year decrease in its same store sales from Hong Kong and Macau shops for the three…

Is Amazon moving into the ocean freight business?

Mei Ling Tan January 15, 2016

Amazon has garnered a lot of attention recently for its moves to muscle into nearly all miles of delivery, and this development shows it’s apparently willing to log nautical miles…

Hong Kong Government Collaborates With China In Phasing Out Ivory Trade

Mei Ling Tan January 15, 2016

This week, animal rights activists in Hong Kong are celebrating a huge win as their plea to eliminate global ivory trade has been heard. Hong Kong’s Chief Executive Leung Chun…

Top Japan bank buys 20% of Security Bank

Mei Ling Tan January 14, 2016

Bank of Tokyo-Mitsubishi UFJ Ltd., Japan’s biggest bank, is buying a 20 percent stake in the Philippines’ Security Bank Corp. in a deal expected to expand both institutions’ market reach.…

Burberry sees return to sales growth in China

Mei Ling Tan January 14, 2016

Luxury fashion group Burberry on Thursday announced a return to retail sales growth in China despite an economic slowdown, boosting overall results in its third quarter. The British handbag and…

Freak accident injures Siam Paragon patrons

Mei Ling Tan January 14, 2016

Sixteen people, mainly children, were injured when a tent at an outdoor event crashed down on them at a Bangkok shopping mall on Saturday. Strong winds are blamed for the…

Tony Roma’s Malaysia marks 10th outlet

Mei Ling Tan January 14, 2016

Kuching, in Sarawak, is home for the 10th and latest Tony Roma’s Malaysia restaurant. Romacorp, the parent company of Tony Roma’s based in Orlando, Florida, has announced the opening through…

Savoir Beds Hong Kong showroom opens

Mei Ling Tan January 14, 2016

Luxury British bed maker Savoir Beds has expanded its Asian footprint, opening its first showroom in Hong Kong. Savoir already has a presence in Asia in Korea, Taiwan, Mainland China…

Uniqlo struggles with currency and weather

Mei Ling Tan January 14, 2016

Uniqlo, Asia’s largest apparel retailer, has delivered a disappointing set of results for the quarter to November 30. While revenue rose 8.5 per cent year on year to ¥520.3 billion…

Chow Tai Fook sales slide continues

Mei Ling Tan January 14, 2016

Jeweller Chow Tai Fook continues to be battered by the declining number of wealthy Mainland Chinese tourists visiting Hong Kong and Macau. The Hong Kong listed retailer has revealed its…

Thailand set to lure shoppers from Singapore

Mei Ling Tan January 14, 2016

Thailand luxury goods import duties may be cut in a move to make the nation a more attractive shopping destination for foreigners, a direct challenge to Singapore. Such a move…

Laneige opens Singapore concept store

Mei Ling Tan January 14, 2016

South Korean skincare brand Laneige has opened a new concept store in Ion Orchard, Singapore. Not only does the outlet have a new look, but it features exclusive products. It…

Thai import duties may be cut

Mei Ling Tan January 14, 2016

Thailand import duties may be cut in a move to make the nation a more attractive shopping destination for foreigners. The Thailand Customs Department is mulling a reduction of import…

Colliers Singapore’s senior executives for industrial services quit

Mei Ling Tan January 14, 2016

THE exodus of executives from Colliers International Singapore has continued this week. This time, some senior executives in its industrial services team including the division head are leaving for a…

OGIO Announces First Retail Store Opening in Indonesia

Mei Ling Tan January 13, 2016

Following the highly successful introductions of their first 3 flagship store locations in Beijing, Shanghai and Seoul, South Korea, OGIO International announces the opening of its first retail store in…

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