With a 46 percent increase in group revenues to EUR 918.4 million (USD 938 million) at constant exchange, Moncler Group outperformed analysts’ forecasts. This was made possible by double-digit growth …
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Meta records its first-ever revenue drop
Meta is anticipated to see its first sales decline in history as a public business, down 0.4 percent to around USD 29 billion.…
Richemont APAC sales down 15 percent last quarter while Japanese market surges 83 percent
Swiss luxury group Richemont announced on 15th July double-digit sales growth for the first quarter ending 30th June, despite plunging revenues in the company’s Asia-Pacific region which was hit by CO…
Hong Kong retail sales dip 1.7 percent in May
Retail sales in Hong Kong dipped 1.7 percent in May, reneging on an earlier rebound in April as the region struggles to build a consistent recovery from its COVID outbreak earlier this year.…
Levi’s Asia revenues up 16 percent last quarter
American denim maker Levi Strauss & Co. announced revenues for the second quarter increased 15 percent to USD 1.5 billion, on the back of growth across all business segments and markets, includi…
Singapore retail sales rise 17.8 percent in May
Due to a low base year-ago and the sustained boost from tourist spending after travel restrictions were relaxed, Singapore’s cash receipts increased more quickly in May.…
China auto brand BYD surpasses Tesla in EV sales worldwide
The world’s largest maker of electric vehicles by sales, BYD, has supplanted Elon Musk’s Tesla, indicating China’s growing supremacy in the industry.…
China shutdowns hurt Tesla Q2 delivery
Tesla (TSLA) disclosed its production and delivery numbers for Q2 2022, which were broadly in line with market expectations.…
Cath Kidston looks for new owner
Two years after going into administration and losing some 900 jobs, the British retailer Cath Kidston is reportedly being put up for sale.…
K-beauty gains popularity in Japan thanks to K-pop culture
With the resurgence of Korean pop music, TV series, and films in the neighbouring country, South Korean cosmetics businesses are making a major effort to increase their presence in Japan, where Korean…