Hong Kong Latest News - Inside Retail Asia

How Ferragamo veteran Sofia Ciucchi revived heritage brand Il Bisonte for millennials

Luxury label Il Bisonte has come a long way from a family-owned retailer to a landmark flagship store in Harbour City which opened this month.

Oriental Watch profit steady despite sales drop

Oriental Watch’s sales fell by 15.7 per cent last year – but the company’s bottom line was only minimally affected in part due to reduced rents.

Tse Sui Luen store network expands, fuelling profit rise

The Tse Sui Luen store network grew by 56 during the year, to reach 473.

City Chain parent records another loss, as trade war dampens sentiment

Same-store sales by watch retailer City Chain improved last year – but parent Stelux Holdings still recorded a loss of US$4.4 million.

Fresh capital for Vestiaire Collective to fund Asian expansion

Pre-owned luxury fashion retailer Vestiaire Collective has completed a €40 million round of financing led by BPIFrance and new CEO Max Bittner.

Chinese online pharmacy Ecmoho plans US$100 million IPO

Chinese online pharmacy Ecmoho is seeking to list on the New York Stock Exchange in order to raise US$100 million for expansion.

E-commerce platform Shopline enters Malaysia

Hong Kong e-commerce platform Shopline is launching into a second Southeast Asian market after finding success in Vietnam.

Hong Kong’s Mana! to open third location in August

Fast-casual plant-based whole-foods concept Mana! will open its third location in Hong Kong’s Starstreet Precinct this August.

Global personal luxury goods market growth endures despite weakening consumer confidence

Global personal luxury goods market growth has reached a “new normal” pattern, following back-to-back years of strong performance in 2017 and 2018

L’Occitane profit soars after restructure

Hong Kong-listed beauty-products retailer L’Occitane is reaping the benefits of a restructure with profit up 21.8 per cent last financial year to €117.6 million.

Grand Imperial restaurant chain eyes Singapore

Grand Imperial restaurant chain plans to expand into Singapore, Hong Kong and Macau.

Alibaba has filed for Hong Kong IPO – sources

Alibaba Group has secretly filed for a Hong Kong IPO, most likely in the third quarter.

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