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Financial

Financial Archives

Mainland expansion paying off for Chow Tai Fook

Hong Kong-listed jeweller Chow Tai Fook is reaping the benefits of an expansion program on China’s mainland.

SaSa sales plunge 71 per cent in Hong Kong, Macau as Covid-19 shuts borders

Beauty retailer SaSa says its Hong Kong and Macau sales for the first half of the current financial year are down about ...
Philipine story

Online marketplaces thriving in the Philippines since Covid-19 crisis

Fashion retail websites have fallen from favour among Filipinos during the coronavirus outbreak, but online marketplaces...
Parkson store 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 tradin...
Indonesian shooping mall

Indonesian retail sales continue to decline

Indonesian retail sales fell 9.2 per cent in August, year on year, according to data from the nation’s central bank.
Debehams Bradford

Reliance Retail quits race for Debenhams

Indian conglomerate Reliance Retail has reportedly dropped plans to bid for embattled British department store Debenhams...
Aeon Mall

Aeon sales down due to Covid-19, but recovering quickly

Japanese retail giant Aeon has reported a 60.7-per-cent plunge in first-half operating profit, citing the impact of Covi...
H&M AW Studio 2020

H&M India sales face first decline ever due to Covid-19

H&M India says its top-line sales will decline for the first time since it launched in the market in 2015, due to the im...

Miniso eyes US listing, valuing it at US$10.18 billion

Chinese discount-goods merchandiser Miniso is eyeing an IPO in the US which could raise up to US$562.4 million, potentia...
Tse Sui Luen

Tse Sui Luen warns of loss in wake of Covid-19 crisis

Tse Sui Luen has warned of a loss of at least US$5.16 million in the six months to September, citing Covid-19.