D’Urban Archives - Inside Retail Asia
Japanese heritage clothing firm Renown, majority owned by China’s Shandong Ruyi, has filed for bankruptcy after the closure of department stores cut its cashflow.
JD sales lept 25.1 per cent in the third quarter, to US$215.3 billion.
The program for the second Sands Macao Fashion Week, which runs from October 18 to 24, has been released.
Trinity has had a half-year loss it attributes in part to subdued spending in Hong Kong, Macau and Taiwan.
Menswear retailer Trinity Limited has announced a HK$169.9 million loss for the first half of this year.
With revenue totalling HK$1.9 billion, Hong Kong-listed retailer Trinity Group lost HK$88.5 million last year.
French fashion brand owner SMCP has attracted takeover bids from Lion Capital and Chinese textile producer Shandong Ruyi Group, according to reports in Hong Kong.
Hong Kong menswear retailer Trinity has warned it expects to post a loss in the half year to June due to a tight retail market in mainland China and falling visitor numbers in Hong Kong and Macau.
Luxury menswear group Trinity is taking a cautious outlook after its revenue and profit declined in the year ended December 31. A part of privately held Fung Group, Trinity operates 451 stores across brands including Kent & Curwen, Cerruti, Gieves & Hawkes, D’Urban and Intermezzo. Trinity said sales fell by 3.7 per cent to HK$2.7 billion (US$347.6 million), with retail sales in Greater China down 5.3 per cent. Weak market demand caused the group to offer higher promotional discou…