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Bankrupt Brooks Brothers gets rescue takeover bid

Brooks Brothers has received a bid backed by Authentic Brands Group and mall owner Simon Property to buy the bankrupt clothing chain.

Shiseido looks to China’s online model for post-pandemic growth

Shiseido is pumping up its e-commerce presence amid a “deep crisis” in the beauty business, looking to its China strategy as a growth model.

Japanese cheap eatery operator Ootoya set for ownership fight

A long-running feud for control of a Japanese provider of home-cooked meals Ootoya has spilled out of the boardroom and into the kitchen.

Richemont suffers slump in online sales

After dismal updates from luxury goods groups this week, Richemont, the company behind Cartier could be forgiven for a 47-per-cent slump in sales in its first financial quarter.

Covid-19 has trapped US$111 billion of luxury spending in China

Thanks to the coronavirus global pandemic, cashed-up Chinese high-end shoppers are finding it hard to spend their cash on luxury goods.

Lazada helps Asia’s malls go online after virus upends retail

Clobbered by the crushing effects of the coronavirus pandemic, thousands of retailers from Bangkok to Singapore have rushed to set up online shops on big e-commerce platforms to stay afloat this year.

PizzaExpress in takeover talks

A group of senior bondholders to PizzaExpress is in talks to potentially provide new funding in a deal that could see them take over much of the company from owners Hony Capital.

Iconix Brand Group seeks white knight investor

Iconix Brand Group is considering selling itself or combining with another company as the firm broadens its search for a financial lifeline.

Swatch cuts 2400 jobs, speeds up Hong Kong store cull

Swatch Group has cut about 2400 jobs, its biggest cull in at least three decades, and will trim its store network as the Swiss watchmaker recorded its first ever loss.

Luckin Coffee names new chairman and CEO after founder ousted

Luckin Coffee has named Jinyi Guo as chairman and CEO as the Chinese chain tries to move past an accounting scandal that nearly brought it down.