Hong Kong’s retail recovery extended into November last year, with sales climbing 6.5 per cent year on year as authorities pointed to improving local consumption, macroeconomic stability and growth in visitor numbers. Official figures released on Friday placed November’s provisional estimate for retail sales value at HK$33.7 billion (US$4.3 billion), the third consecutive month of…
By Tassilo Hummel and Mimosa Spencer PARIS -LVMH’s sales increased by 1% in the third quarter, driven by improved demand in China, offering some solace to a luxury goods sector grappling with a prolonged slump. The rise reported by LVMH on Tuesday represents the first quarter of growth this year for the world’s largest luxury…
Hong Kong’s retail recovery accelerated in August with sales rising by 3.8 per cent year on year and for the fourth month in a row, as the city’s mega-event tourism drive has given a boost to consumer sentiment. Provisional figures released by the Census and Statistics Department on Thursday showed sales of HK$30.3 billion (US$3.9…
Good morning. Evergrande gets the boot from Hong Kong’s stock exchange. Does Dubai’s soaring housing market have legs, or is it just another phase in the boom-and-bust cycle? And get ready for a real steal: Singapore is offering up luxury goods confiscated in its largest money-laundering probe. Listen to the day’s top stories. Source link
Investors expect automakers and luxury goods makers to lead a relief rally in European stocks when the market reopens on Monday, after the US and European Union agreed to a trade deal. The pact, which will see the bloc face 15% tariffs on most of its exports including autos, was announced Sunday by President Donald…
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By Casey Hall SHANGHAI (Reuters) -Louis Vuitton’s latest Shanghai store is not your average luxury flagship. The 30-meter-high, ship-shaped store, “The Louis”, is billed as an experience, and houses an exhibition space and cafe in Shanghai’s downtown Nanjing Road shopping strip. “The Louis”, which had a grand opening on Thursday, will undoubtedly draw crowds eager…
Good morning. Stock futures waver as Donald Trump hints at diplomacy with Iran. SoftBank’s founder eyes a $1 trillion AI hub in Arizona—and wants TSMC to chip in. And Lima now boasts the world’s top restaurant. Listen to the day’s top stories. Investors settled into wait-and-see mode on signs Donald Trump may give diplomacy a…
ADVERTISEMENT The world of football makes regular headlines for huge money-spinning transfers as fans eagerly anticipate what wonders players will bring to their team. This week has seen one of the biggest moves in the fashion business with the iconic French maison Dior now hoping Jonathan Anderson will liberally sprinkle his magic dust about its…