Hotel Shilla has won long-awaited Seoul government approval to build a traditional Korean Hanok hotel on its Jangchung site in Seoul.…
Samsonite acquires Tumi for $1.8 billion
Samsonite International S.A. said on Friday it would buy Tumi Holdings Inc for $26.75 per share in an all-cash transaction valuing Tumi at $1.8 billion…
Asia e-commerce will be worth $1.4tr
Just five key countries in Asia Pacific account for more online retail revenue than the US and all of Western Europe combined…
Local brands attract Chinese tourists
Certain local brands are as sought after by Chinese travelling overseas as the more obvious luxury names, a new analysis has shown.…
Carl’s Jr. betting on quality as it re-enters the Japanese market
With its return to Japan Friday after 19 years, U.S.-based hamburger chain Carl’s Jr. says it is confident it can penetrate the market amid increasing demand for better burgers.…
Valentino 2015 revenues increased by 48% totalling 987 million euros
Stefano Sassi, CEO of Valentino has recently confirmed that in 2015 his company grew by 48% to EUR 987 million…
Star Wars and Frozen help Lego to £1bn profits
The Danish company said that revenues rose 25% year-on-year in 2015 to 35.8bn krone (£3.7bn) and net profits grew 31% to 9.2bn krone (£958m).…
Bulls battle bears over Abercrombie’s future
Beleaguered teen retailer Abercrombie & Fitch on Wednesday surprised Wall Street by posting its first quarterly same-store sales gain in roughly four years.…
Alibaba tipped to buy stake in Caixin
The publisher of one of China’s most respected business magazines, Caixin, yesterday said it was seeking new investors following reports e-commerce giant Alibaba plans to take a stake in the company…
Victoria’s Secret to open first China location from Hermès in Shanghai
After testing the waters with its beauty products, U.S. lingerie company Victoria’s Secret is taking the plunge in the China market with its first fully stocked mainland China store. According to a re…