Longines Archives - Inside Retail Asia
Swatch Group has cut about 2400 jobs, its biggest cull in at least three decades, and will trim its store network as the Swiss watchmaker recorded its first ever loss.
Vingroup has opened its 55th shopping centre, The Vincom Center Landmark 81 mall, in Ho Chi Minh City’s Binh Thanh district.
Longines Malaysia has opened a boutique at Suria KLCC mall.
Swatch Group CEO Nick Hayek says “spectacular” sales acceleration helped return the watch company to profits growth in its first half.
Luk Fook sales fell 8.7 per cent to HK$12.8 billion for the year to the end of March.
Longines ambassador Lin Chi-Ling attended the launch of the watch brand’s new Macau boutique.
While Swatch Group profits nearly halved last year, the watch company predicts “healthy growth” ahead.
Revenue plunged by 21.5 per cent for jeweller Luk Fook Holdings to reach HK$5.5 billion for its latest six months.
Styles from fashion weeks in London, Milan, New York and Paris will be spotlighted in Singapore.
China Duty Free Group (CDFG) has opened its third downtown duty-free and travel retail store in Cambodia.
In Malaysia, religious zealots have fined a non-Muslim watch retailer for displaying an Aishwarya Rai photo promoting Longines.
HKIA’s new Terminal 1 midfield concourse offers nine retail outlets and quick dining options in a new Hong Kong Airport retail lineup just revealed.