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  • July 23, 2014
  • Last updated: 12:03am
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  1. Property - Hong Kong & China - RETAILING

    Taubman Asia investing US$600m in new shopping centres

    Posted Jul 09th 2014, 05:02am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Shopping centres in mainland cities Xian and Zhengzhou to benefit from 40 per cent of budget Taubman Asia investing US$600m in new malls Taubman Asia, a subsidiary of US mall operator Taubman Centers, has committed US$600 million to projects in Asia, with 40 per cent of that investment earmarked for mainland ventures. The company has formed ...

  2. Business - Companies - RETAILING

    Hong Kong supermarkets concerned by slave claims on Thai fishing fleet

    Posted Jun 13th 2014, 05:57am by Benjamin Robertson

    ... Pokphand, the group's investment arm, is listed in Hong Kong, and owns animal feed and livestock businesses. In a statement, CP said it knew of the problem and would "put in place ...

  3. Business - Companies - RETAILING

    Prada shares sold off on earnings slide for first quarter

    Posted Jun 07th 2014, 01:13am by TIFFANY AP

    ... PINGE, MACQUARIE BANK Macquarie Bank analyst Gary Pinge said: "I think the share price move was warranted given the extent of the disappointment." He attributed the company's woes ...

  4. Business - Companies - RETAILING

    Robinsons Retail eyes family-owned chains to compete with rival

    Posted Jun 03rd 2014, 01:30am by BLOOM

    ... spending to a record this year and lure investments to improve infrastructure and create jobs. "We can see that growth is spreading," Gokongwei-Pe, the eldest daughter of John Gokongwei, ...

  5. Business - China Business - RETAILING

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

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

    ... third-largest wine merchant to shift gear. Dynasty is hiring young salespeople and investing in e-commerce and social media platforms, Yeung said. Trading in Dynasty's Hong Kong-listed shares ...

  6. Business - Companies - RETAILING

    Less is more as Louis Vuitton stays atop luxury list in brands ranking

    Posted May 22nd 2014, 01:19am by BLOOM

    ... Kourovskaia said. Fendi slumped 17 per cent to US$3 billion as a lack of investment by owner LVMH led to the fashion house being seen as less relevant by new luxury consumers, she said. While both ...

  7. Business - Companies - RETAILING

    Shake-up in money transfer business looms with Wal-Mart's new service

    Posted Apr 19th 2014, 01:09am by AP

    ... of transferring US$900 in New York at between US$20, if using a bank account, and US$85, if using a credit or debit card. Wal-Mart's announcement is the latest way it is acting more like a bank. About a decade ago, the retailer applied unsuccessfully for an industrial bank charter. Those efforts were blocked even though it vowed it would not open retail branches but wanted to use its ...

  8. Business - Companies - RETAILING

    Tesco profit declines for second year as UK sales worsen

    Posted Apr 17th 2014, 01:09am by BLOOM

    ... in as many years in February after a £1 billion investment in stores, staff training and artisan bakeries and coffee shops failed to stem shoppers' defection to budget chains Aldi and Lidl. ... by saying Tesco will invest £200 million a year in permanent cuts to prices on everyday items such as milk, bread, carrots and cucumbers. Still, Tesco's prices on key produce lines are as much ...

  9. Business - Companies - RETAILING

    Chow Tai Fook's golden touch is lost on investors

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

    ... at a compounded annual rate of 40 per cent from 2010-15. That's proven too optimistic- Hong Kong retail and watch sales have grown at an annual compound rate of 20 per cent since 2010. We will invest ... Kong's economic boom. In the 1990s, as the mainland economy liberalised and embarked on its own boom, the firm eyed expansion across the border. The People's Bank of China at the time ...

  10. Business - China Business - RETAILING

    Retailer hopes Old Navy will bridge China gap

    Posted Mar 03rd 2014, 03:22pm by Reuters

    ... 30, queuing for the flagship store’s launch in Shanghai’s up-market Jingan district. Gap’s China team plans to invest in promoting brand awareness with local shoppers, especially online, ...




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