Marc Jacobs aims to make China its biggest foreign market

Bags of ambition: Bertrand Stalla-Bourdillon, chief executive of Marc Jacobs, at an exhibition of the company's wares in Central.

The American luxury fashion label Marc Jacobs plans to triple its marketing budget on the mainland and add more stores, in order to make China its biggest foreign market.

Thursday, 14 March, 2013, 4:35pm

Low value lifts Coach takeover odds

Coach's handbags and shoes are being offered to buyers at one of the biggest bargains among luxury brands. Photo: Reuters

Shares of Coach have lost 17 per cent since faster-growing rival Michael Kors went public in 2011 and began an almost threefold rally. Even though Coach has the widest profit margins among peers, the US$14 billion company is trading for only 13.6 times earnings, lower than 96 per cent of similar-sized rivals.

7 Mar 2013 - 6:12am

Cross-border thieves with a taste for luxury handbags held

Luxury bags seized from the suspects. Photo: Dickson Lee

A burglary gang that recruited mainland illegal immigrants into Hong Kong to rob chain stores of designer products has been smashed with the arrest of six men, police say.

6 Mar 2013 - 4:34am