Fung Group Archives - Inside Retail Asia
With revenue totalling HK$1.9 billion, Hong Kong-listed retailer Trinity Group lost HK$88.5 million last year.
Hong Kong’s Fung Group has unveiled a large-scale ‘lab’ in Shanghai where it is testing a raft of high tech concepts which could shape the future of retailing.
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…
Italian luxury handbag maker Furla is capitalising on China’s growing middle class and its increasing sophistication.
Furla, whose bags are priced from around 250 euros ($343) to 450 euros ($620), has partnered with Hong Kong’s Fung Group to open more than 100 stores in China.
It says it will open a flagship store in mainland China and is currently searching for a location.
According to CEO Eraldo Poletto, sales in China, this year, will grow by double-digit percentage, compared to a ‘h…
Italian accessories retailer Furla has set up its first sales point in Cambodia.
The retailer has opened a 10 sqm personalised corner, which carries its AW13 collection, at Dufry at Phnom Penh Airport.
“Cambodia is rapidly developing as a tourist market. It continues our expansion throughout Southeast Asia and I am confident that Dufry will do a great job for us in Phnom Penh,” said Furla global travel retail director Gerry Munday.
Furla says its travel retail business is steadily g…
Hong Kong-based PE firm leads funding round for commerce platform.
Italian fashion company enters joint venture with Hong Kong-based Fung Group to open 100 stores in China.
Italian luxury goods company acquires additional stake in the distribution joint venture with Hong Kong-based company.