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  • September 18, 2014
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Results 1 - 10 of 21 for corruption

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  1. News - Hong Kong - RETAILING

    Sotheby's opens wine shop in Hong Kong, its second after New York

    Posted Sep 17th 2014, 04:35am by Amy Nip

    ... Sleigh said. Bottles range in price from HK$148 to HK$280,000. All the wines are stored in Hong Kong and are ready for next-day delivery. The campaign in mainland China against corruption has ...

    http://www.scmp.com/news/hong-kong/article/1594226/sothebys-opens-wine-shop-hong-kong-its-second-after-new-york
  2. Business - Companies - RETAILING

    Luk Fook to expand in prime shopping districts as rent rises ease

    Posted Aug 27th 2014, 01:27am by BLOOM

    ... Luk Fook is adjusting its mix of stores as slowing economic growth and a corruption crackdown on the mainland crimp spending. A shop under renovation in Tsim Sha Tsui, a district popular ...

    http://www.scmp.com/business/companies/article/1580963/luk-fook-expand-prime-shopping-districts-rent-rises-ease
  3. Business - China Business - RETAILING

    Beijing's anti-corruption drive hits China's luxury market

    Posted Dec 18th 2013, 06:13am by Daniel Ren

    ... The Communist Party's crackdown on corruption has hit luxury sales on the mainland, with consumption of luxury goods now lagging far behind retail sales growth. According to global consultancy Bain ... and weed out corruption has had a large impact on "gifting luxury", Bain says, adding that watches and menswear have taken the biggest hit. Most brands are conservative about expansion ...

    http://www.scmp.com/business/china-business/article/1384727/beijings-anti-corruption-drive-hits-chinas-luxury-market
  4. Business - Economy - RETAILING

    The not-so-Great Singapore Sale: Mainland shoppers say Hong Kong is better value

    Posted Aug 05th 2014, 03:25am by Bloomberg

    ... and tourists, are not spending. I anticipate that at least for the next 12 months, the market will be sluggish." While Beijing's anti-corruption campaign against extravagant spending ...

    http://www.scmp.com/business/economy/article/1566514/mainland-chinese-shoppers-give-singapore-sales-thumbs-down
  5. Business - Companies - RETAILING

    Beijing's corruption crackdown knocks growth prospects at jeweller

    Posted Mar 20th 2013, 12:00am by Celine Sun

    ... shops on the mainland this year as an anti-corruption campaign continues to take its toll on luxury sales across the border. The high-end watch and jewellery retailer saw its shares fall 4.7 per ... crackdown on corruption and gift giving may affect the sales of high-end watches and jewelleries, she said. Beijing has shown a tough line on tackling corruption since the country's new ...

    http://www.scmp.com/business/companies/article/1195034/beijings-corruption-crackdown-knocks-growth-prospects-jeweller
  6. Business - China Business - RETAILING

    Slump in China’s wine market forces shake-out, rethink

    Posted Jun 03rd 2014, 10:41am by Benjamin Robertson

    ... business," said Don St Pierre Jnr, co-founder of ASC Fine Wines. The impetus for change has been President Xi Jinping's anti-corruption drive. The campaign targets conspicuous spending ... bottles of wine annually, and sales fell 15 per cent last year. She blamed the anti-corruption crackdown and said a lot of restaurants had closed down. "I am one of the few to welcome ...

    http://www.scmp.com/business/china-business/article/1524345/slump-chinas-wine-market-forces-shake-out-rethink
  7. Business - China Business - RETAILING

    Shanghai outlet centre to promote affordable Italian luxury

    Posted Feb 27th 2014, 10:21am by Daniel Ren

    ... on conspicuous consumption and corruption. But while the crackdown has slowed growth in luxury retail sales and caused some commercial developers, international brands and shoppers to shun the very term ... confidence in the sector. "The luxury market is related to design and creativity," he said. "Unfortunately, however, it is synonymous with lavish spending and corruption ...

    http://www.scmp.com/business/china-business/article/1436141/shanghai-outlet-centre-promote-affordable-italian-luxury
  8. Business - Companies - RETAILING

    Prada pins growth hopes on China's luxury sector

    Posted Apr 04th 2014, 01:14am by AFP

    ... down by the strength of the euro and an increased tax charge. As part of a crackdown on corruption, the mainland has imposed restrictions on lavish entertainment and the giving of expensive ...

    http://www.scmp.com/business/companies/article/1464315/prada-pins-growth-hopes-chinas-luxury-sector
  9. Business - Companies - RETAILING

    Chow Tai Fook's golden touch is lost on investors

    Posted Mar 22nd 2014, 01:30am by Jasper Moiseiwitsch

    ... because it is such a prominent brand in their home market. The firm today confronts the twin challenges of China's slowing economic growth and an anti-corruption drive that discourages the giving of expensive gifts to officials. Wong said the anti-corruption campaign has had a big impact on the sale of luxury items on the mainland, acknowledging that before the crackdown ...

    http://www.scmp.com/business/companies/article/1454429/chow-tai-fooks-golden-touch-lost-investors
  10. Business - Money - RETAILING

    Jewellers lose out in Beijing's anti-graft drive

    Posted Feb 08th 2013, 12:00am by Celine Sun

    ... drive The mainland's anti-corruption initiatives in the lead-up to the Lunar New Year are threatening to hurt sales of expensive trinkets from luxury retailers in Hong Kong. Shares of high-end jewellery and watch retailers slumped yesterday amid concerns that the anti-corruption push on the mainland would take its toll on sales of luxury goods. Emperor Watch & Jewellery, ...

    http://www.scmp.com/business/money/markets-investing/article/1145613/jewellers-lose-out-beijings-anti-graft-drive

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