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Financial

EY casts doubt over Parkson Retail’s ability to trade as a going concern
A Parkson store in Malaysia.

EY casts doubt over Parkson Retail’s ability to trade as a going concern

Parkson Retail Asia’s auditor Ernst & Young says the department-store chain may not be earning enough to continue trading as a going concern given that its total liabilities exceed its total assets.  EY...
Mr DIY revives IPO plan, launches new format
Bossini results in freefall as Covid-19 hits fashion industry
Esprit reports US$503 million loss as Covid-19 interrupts reform plan
H&M to close 250 stores globally as customers move online

Financial Archives

Tiffany sees earnings bump during legal dogfight

In the midst of a legal stoush with one-time suitor LVMH, luxury chain Tiffany has seen positive sales momentum carry it...
Image of Jollibee store

Jollibee increases stake in Tim Ho Wan

Philippine fast-food giant Jollibee has increased its stake in the Michelin-starred dim sum restaurant ,Tim Ho Wan, from...

Dairy Farm sells Rose Pharmacy chain to Robinson Retail

Philippine multi-format retailer Robinsons Retail Holdings has bought Rose Pharmacy from Dairy Farm International for an...
Singapore retail rent

Singapore retail rents tipped to slide up to 15 per cent

Knight Frank Singapore says it expects retail rents to decline by 10 to 15 per cent over the course of this year due to ...
Sun Art store

Alibaba takes control of Sun Art hypermarkets

Alibaba is spending a further $3.6 billion to take control of Chinese grocery giant Sun Art Retail Group, taking its sta...