By Reuters Published February 3, 2025 Hong Kong’s December retail sales by value fell by 9.7% from a year earlier, reflecting the impact of residents’ increased outbound trips during the holidays, government data showed on Monday. Reuters Sales fell to HK$32.8 billion ($4.21 billion), a tenth month of declines after a 7.3% drop in November….
By AFP Published December 1, 2024 Hong Kong property developer New World Development said on Friday that Eric Ma will step down as chief executive officer after having spent just two months on the job. Eric Ma – Courtesy The sprawling business empire, run by Hong Kong’s third-richest family, reported an annual loss of over…
By Bloomberg Published November 26, 2024 China’s largest jewellery retailer Chow Tai Fook Jewellery Group Ltd. saw revenue plunge 20.4% in the half year ended September, the biggest drop for the period since 2016 as the world’s No. 2 economy slows and record high gold prices dent luxury spending. Gold bangles on display a Chow…
Hong Kong’s labour shortage is expected to worsen and reach 180,000 workers by 2028, driven by a rapidly ageing elderly population projected to account for almost a third of the city’s residents. The Labour and Welfare Bureau on Thursday also predicted skilled technical staff, such as escalator mechanics and construction workers, would make up more…
Published November 7, 2024 Manolo Blahnik Group is gearing up for further international expansion with the luxury footwear and accessories brand having opened its first mainland China boutique in Shanghai’s Plaza 66 on Thursday. The move marks “a significant milestone in the brand’s global expansion,” it said, and follows the successful launch of two new…