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Fortnum & Mason’s Hong Kong branch to close on January 25, holds clearance sale

    Fortnum & Mason’s Hong Kong branch to close on January 25, holds clearance sale

    8 months ago02 mins

    Fortnum & Mason, the upmarket department store chain that counts the British royal family among its regular customers, has announced that its flagship shop in Hong Kong will close by the end of the month. The British luxury goods brand, known for its speciality teas and food hampers, announced on Friday that the store, which…

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    Chow Tai Fook sells Australian energy assets to Singapore group for US$4.3 billion

      Chow Tai Fook sells Australian energy assets to Singapore group for US$4.3 billion

      9 months ago02 mins

      Chow Tai Fook Enterprises (CTFE), the parent company of embattled Hong Kong developer New World Development (NWD), is selling Australian utility Alinta Energy to a Singapore-based group for A$6.5 billion (US$4.3 billion). Sembcorp Industries will acquire 100 per cent ownership of Alinta and its units, as well as Latrobe Valley Power (LVP) and its subsidiaries,…

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