Retail in Asia

HK’s Li & Fung plans acquisitions

Hong Kong trading company Li & Fung is planning five acquisitions aimed at raising its profits and extending its reach in Europe.
The announcement of the deals scotched market rumours that the gro…

Carrefour faces rowdy protesters

Carrefour SA’s board approved a plan for CEO Lars Olofsson to become chairman as well, putting him alone on the front line of the struggling retailer’s transformation.
At a raucous shareho…

S Korea retailers cut optimism in 3Q

Domestic retailers are less optimistic about business conditions in the next quarter, a survey by South Korea’s largest business lobby group showed on Tuesday, adding to concerns about a slowing…