KPMG

Retail Asia15/11/2021

KPMG is being sued over its role in the insolvency of Dubai private equity firm Abraaj Group which claims the big four accounting company failed to maintain independence and breached its duty of care. KPMG was sued for at least $600 million by two units of Abraaj now in liquidation, according to a report citing court […]

Retail Asia13/07/2021

The Malaysian government is seeking billions of dollars in damages from KPMG partners as part of an ongoing pursuit to recover 1MDB-linked funds. Malaysia is seeking over $5.6 billion from 44 current and former KPMG partners over alleged breaches and negligence relating to the 1MDB scandal, according to a report citing court documents. This is equivalent […]

Retail Asia03/03/2021

He brings deep domain expertise in emerging areas such as cryptocurrency and platform-based business models, and has been a driving force behind the firm’s global efforts to spur innovation, transformation and scale in financial services. KPMG in Singapore has named Anton Ruddenklau as head of financial services, with immediate effect, it announced in a statement on Wednesday. Ruddenklau joined […]

Retail Asia28/05/2020

“Customers today care less about the breadth of assortment and more about availability.” Covid-19 has accelerated key underlying global retail trends that were already reshaping the industry according to a new report by KPMG. The research finds that retail markets globally are changing and the industry is continuing to evolve while facing massive challenges from […]

Retail Asia27/09/2018

Australian activewear retailer Lorna Jane is expanding into greater China as more than 10 potential investors are seeking a majority shareholding. Around 30 per cent of Lorna Jane’s more than $200 million in annual revenues comes from its online platforms in China. Its sports bra product is the top seller in its category there. It […]

Retail Asia04/06/2018

Samsonite CEO Ramesh Tainwala has resigned with immediate effect “in the best interests of the company” as the fallout from a short-seller report on the company’s reputation and share price continues. Tainwala will be replaced immediately by CFO Kyle Gendreau. Hong Kong-listed Samsonite’s stock value plummeted more than 20 per cent during two days last […]

Retail Asia06/01/2017

British lingerie retailer Agent Provocateur is being prepared for a possible sale. This follows the company’s private equity owners late last year reporting accounting issues, a restructuring and the need for new investment into the high-end lingerie firm. Agent Provocateur was founded in London in 1994 by Joseph Corre and Serena Rees, and has about […]

Retail Asia02/12/2016

Over 270 people attended the 2016 Asia Pacific Travel Retail Association Insights Seminars, organised in collaboration with KPMG. The aim was to glean valuable insights into consumer behaviour and other issues relevant to the duty-free and travel retail community. In total, 160 delegates attended the research seminars in Sydney and Hong Kong on November 15 […]

Retail Asia18/11/2015

Singles Day spending tomorrow will undoubtedly shatter last year’s record spend of US$9.3 billion, predicts KPMG. November 11 is known in China as Singles’ Day, an annual one day event which sees online retailers slash prices of products and China’s shoppers treat themselves to a wealth of discounted goods. Popularised by eCommerce giant Alibaba in […]

Retail Asia12/10/2015

Asian venture capital-backed companies enjoyed 45% year-on-year growth in capital received during the second quarter of 2015, bringing in more than $10 billion in investments, according to a recent report by KPMG, an audit, tax and advisory company. The report notes that venture capital growth is driven by corporations on the hunt for companies with creative innovations. […]

Tag: KPMG

Dubai Sued Over PE Firm Audit in Dubai

Malaysia Targets KPMG Partners for 1MDB Damages

KPMG Names Head of Financial Services in Singapore

Covid-19 virus outbreak will speed up the reshaping of global retail trends

Activewear retailer Lorna Jane expands in China

Bag maker Samsonite’s CEO resigns after short-seller report

Troubled Agent Provocateur may go on market

APTRA Insights Seminars attract more than 270 people

Singles Day set to shatter records

Asian startups got more than $10 billion in April-June quarter