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Financial

Financial Archives

Advent acquires majority interest in Chinese restaurant operator Wagas

The deal is expected to help Wagas further expand its footprint across China and boost investment in the brand.

Primark to stop sourcing from Myanmar after fresh probe

The fast-fashion retailer described the situation in the country as “extremely concerning and very complex”.

Breaking down Patagonia’s bold move

Patagonia founder Yvon Chouinard's decision to give away the company to fight climate change will have a profound influe...

Mainland China lockdowns put Le Saunda well back in the red

Shoe retailer Le Saunda is warning shareholders to be prepared for a loss for the first half of the financial year after...

Nike South Korea restricts purchases for reselling

The revision of Nike Korea’s terms and conditions is drawing market attention.

Frugal is the new cool for young Chinese as economy falters

Social media discussions have sprung up to share money-saving tips, such as the 'Live off 1600 yuan a month' challenge.

One year after the Makro-Lotus’s merger, synergies are beginning to show

A year after Siam Makro swallowed Tesco’s Southeast Asia retail business, the benefits of combining the businesses are b...

Analysis: Why retail giant Aeon is holding onto its listed subsidiaries

As many Japanese firms bow to pressure from shareholders and regulators to end the practice of listing subsidiaries, one...

Three key takeaways from Aussie department store Myer’s full-year results

Myer CEO John King provided insights into the progress the retailer has made on his “customer first” turnaround plan on ...

Price hikes test Inditex’s ability to stay in fashion

The world's biggest fashion retailer said it would raise prices again in the second half of the year after spring and su...