Taoyuan International Airport Corporation (TIAC) will lose US$44.33 million this year, the first loss in its history, due to COVID-19, reports said.…
Swindon bookstore to close in Hong Kong
Swindon Book Company Ltd, which was founded in 1918, said to shut its Lock Road outlet in Hong Kong on 31st July.…
City landlords urged to rescue retailers from drowning in the new wave of social restrictions
More than 60,000 stores will be on the brink of closure, while over 260,000 staff may lose their jobs without help, HKRMA warns.…
Deliveroo’s “Wing It” launches in Hong Kong
Deliveroo Hong Kong announced the arrival of “Wing It,” a virtual chicken wings brand developed and tested by the Deliveroo team in London.…
Hong Kong restaurants to face more losses in July
Hong Kong restaurants could lose as much as US$387 million in revenue for July alone as unprecedented social-distancing arrangements made necessary by a third wave of Covid-19 cases.…
Is it the last nail in the Hong Kong retail coffin?
Are the new social distancing measures entered in force on 15th July going to accelerate the Hong Kong retail crisis which was already in abyssal financial space?…
Topshop to close store in Hong Kong
Topshop is closing its last and largest store in Hong Kong, joining the ranks of foreign brands exiting the city amid a coronavirus-induced economic slowdown and shift to e-commerce.…
Victoria’s Secret to close flagship store in Causeway Bay, Hong Kong
Victoria’s Secret has closed its flagship store in Causeway Bay, Hong Kong, adding its name to the list of brands fleeing the district due to the recent coronavirus pandemic and last year’s social unr…
Superdry to take full control of its China operations
Superdry announced that following a review of its long-term business plan for its operations in China, it will be taking back full control of the Superdry brand in China.…
Malaysian brand Safi to expand into China
Safi, one of Malaysia’s leading halal beauty and personal-care brands, is reaching beyond its regional base and jumpstarting growth in new markets, starting with China.…