Hong Kong
This coverage explores how developments in Hong Kong affect UK retail, with reporting on supply chain links, brand expansion, political and economic factors, and consumer trends connected to the region. Tailored for retail executives, sourcing managers, and strategists assessing international operations, market opportunities, and risks related to this key global retail hub.
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Jul- 2023 -26 JulyClothing & Shoes
H&M sues Shein over copyright infringement
H&M is reportedly suing fast-fashion company Shein for copyright infringement in Hong Kong, according to Bloomberg News. Reports said that H&M first accused Shein of copying dozens of its designs back in 2021. Shein Group Ltd and Zoetop Business Co, a Hong Kong-based entity that previously owned Shein, are among…
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6 JulyClothing & Shoes
Clarks names Under Armour’s Bob Neville as new UK & ROI MD
Clarks, the British shoe brand, has appointed Bob Neville as its new managing director for the United Kingdom and Republic of Ireland, effective from August 2023. Neville returns to the UK from Hong Kong, where he has been based for 30 years, leading teams with some of the world’s largest…
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Apr- 2023 -6 AprilPeople Moves
Asos appoints two non-executive directors
Asos has announced the appointments of Natasja Laheij and Jose Manuel Martinéz Gutiérrez as independent non-executive directors. Laheij is currently Google’s senior finance director for Google EMEA, chair of the board of Google Payments Ltd. and audit chair of Vandemoortele. She has more than 25 years of experience in international…
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6 AprilLuxury Goods
Cerruti 1881 and Kent and Curwen acquired for £83m
Biem.L.Fdlkk Garment, a Chinese golf clothing brand, has acquired French fashion label Cerruti 1881 and British menswear brand Kent and Curwen for a total of €95m (£83m), according to WWD coverage. It is reported that the Chinese manufacturer paid the equivalent of £50m for the trademark rights of Cerruti 1881…
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Feb- 2023 -22 FebruaryGovernment
Fortnum & Mason chief urges Sunak to seal NI trade deal
Fortnum and Mason chief executive Tom Athron has reportedly urged Sunak to seal a deal with Brussels on post-Brexit trade rules for Northern Ireland. He told the Financial Times that the British government needed to “invest some time improving its relationship with the EU”, and agree post-Brexit trade rules for…
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Nov- 2022 -25 NovemberClothing & Shoes
Frasers group acquires Savile Row tailor
Sports Direct owner Frasers group has reportedly struck a deal to acquire historic Savile Row tailor Gieves and Hawkes. According to the BBC, the company owned by Mike Ashley has been interested in a potential deal since September and has now finally secured the “long term future” of the 250…
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Sep- 2022 -12 SeptemberDepartment Stores
Mike Ashley to launch legal action over Debenhams collapse
Frasers Group’s Mike Ashley has reportedly escalated a legal battle with FRP Advisory over the collapse of Debenhams. According to the Mail on Sunday, the entrepreneur is taking legal action against the advisory firm after his £180m stake in the department store chain became worthless following its collapse in 2020. …
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May- 2022 -24 MayClothing & Shoes
Gymshark founder climbs Sunday Times Rich List as profits hit £45m
Gymshark has reported pre-tax profits of £45.4m in the financial year ended 31 July 2022, with profits in the year increasing year-on-year from £30.4m. The retailer also achieved a 54% surge in sales to £401.9m, compared to £260.7m in 2020. Headed by 29-year old Ben Francis, the e-commerce fashion retailer…
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24 MayHigh Street
Harrods appoints chief financial officer
Harrods has appointed Tim Parker as its new chief financial officer for the group. He joins Harrods following 10 years at Jardin Matheson, where he held a range of senior finance leadership positions across Hong Kong and Malaysia for the diversified Asia-focussed group. Originally qualifying as an accountant with PwC…
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Mar- 2022 -28 MarchClothing & Shoes
M&S to expand Jaeger store presence with 14 openings
Marks and Spencer (M&S) has announced that 14 Jaeger stores are set to open across the UK and Ireland, following “encouraging” early demand for the brand online and a successful UK store trial which has been running since October last year. Jaeger is an independent brand under the M&S ecosystem,…
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