US State Department spokesperson Tommy Pigott on Thursday (local time) warned Iranian officials against using their visit to New York for the UN General Assembly to go on luxury shopping sprees, saying, “not on our watch”. The 81st UN General Assembly High-Level Week is scheduled to begin on Friday and continue through September 28. (Representative…
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…