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Financial

Financial Archives

Indonesian retail sales fell 16.3 per cent in November

The survey also forecast an even deeper contraction of 20.7 per cent in December.

Staples makes US$2.1 billion bid for rival Office Depot

Nearly five years after the FTC scuttled a merger plan, US giants try again.

Dr Martens set for London IPO, valuing shoe brand at US$2.7 billion

Private-equity owner set to sell 25 per cent stake.

Bauhaus sales tumble as store network shrinks

Company ended the year with just five self-operated stores outside Hong Kong.
Kishore Biyani

Future Group chief expects quick approval for US$3.4bn takeover

Kishore Biyani unmoved as Amazon steps up legal challenge to rescue deal with Reliance.

Carrefour starts rebranding Wellcome stores in Taiwan

Deal settled after regulatory approval secured.

LVMH completes $20 billion acquisition of Tiffany, replaces leadership team

The business has installed Anthony Ledru as Tiffany’s chief executive, and Alexandre Arnault as executive vice president...

Retail sales decline slows dramatically in Hong Kong, Singapore

November data sets encouraging tone for 2021.
Tiffany store

China buoys Tiffany & Co holiday sales

Mainland China sales soar 50 per cent during November through December.

Hong Kong could see retail exodus, rent decline during 2021

Many retailers are waiting out the terms of their leases to “hand back the keys” when the opportunity arises.