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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Mar- 2022 -22 MarchLuxury Goods
Kering appoints CEO of Alexander McQueen
Kering has announced the appointment of Gianfilippo Testa as the new chief executive officer (CEO) of Alexander McQueen, effective May 2022. In his new role, Testa will report to François-Henri Pinault, the chairman of Kering, and his goal is to accelerate the expansion of the British luxury house to “tap…
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14 MarchClothing & Shoes
Yoox Net-A-Porter unveils luxury menswear resale service
Yoox Net-A-Porter has announced the launch of its new dedicated luxury resale service for menswear, Mr Porter Resell, as part of the next phase of the company’s resale strategy. Yoox Net-A-Porter, which comprises Mr Porter, Net-A-Porter and The Outnet, launched the service to enable customers to resell their designer items…
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Feb- 2022 -16 FebruaryClothing & Shoes
Reiss to widen online offering through Next Total Platform
Reiss is set to launch a new, revamped website through Next Total Platform, which will enable a host of service upgrades for its online customers. The site is set to launch tomorrow (17 February) and the brand said the site’s look and feel will “remain true to Reiss’ distinctive aesthetic”. …
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Oct- 2021 -18 OctoberDepartment Stores
The Weston Family in talks with QIA over £4bn Selfridges sale
Selfridges owners, the Weston Family, are reportedly in talks with the Qatar Investment Authority over a potential £4bn sale of the department store chain. The Mail On Sunday has reported that sources close to negotiations said that the sovereign wealth fund has moved to the front of the queue for…
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Sep- 2021 -22 SeptemberHigh Street
Pret unveils £100m expansion plan despite losses
Pret A Manger has unveiled plans to double the size of its business within the next five years, as it looks to expand into five new markets by the end of 2023. In addition, the group plans to open around 200 new UK stores over the next two years alone,…
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Jul- 2021 -26 JulyDepartment Stores
Selfridges up for sale as Weston family begins £4bn auction process
The Weston family, the owner of Selfridges, has reportedly started a formal auction process to find a buyer for the department store. According to The Times, the Weston Family has appointed advisors Credit Suisse to handle the distribution of information memoranda to help encourage prospective buyers with aims to complete…
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Mar- 2021 -12 MarchOnline & Digital
JD.com Q4 revenues up 31%
Chinese online retailer JD.com reported a 31% increase in revenues during the fourth quarter of the year to RMB224.3bn (£24.7bn). The Q4 performance has beaten analyst expectations of RMB 220.3bn (£24bn) as the Covid-19 pandemic drove consumers to its online operations. The retailer also reported that income from operations for…
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Feb- 2021 -23 FebruaryClothing & Shoes
Clarks CEO steps down amid C-suite shake-up
Giorgio Presca has reportedly stepped down from his role as CEO of Clarks, according to Drapers. Presca, along with the shoe retailer’s chief commercial officer, Massimo Barzaghi and chief people officer, Difna Blamey, are said to have exited the business last week. Victor Herrero, the retailer’s non-executive director, will reportedly…
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Jan- 2021 -18 JanuaryClothing & Shoes
Uniqlo reports 7.2% revenue decline
Fast Retailing, the parent company of Uniqlo, has revealed the high street fashion brand’s year-on-year revenue for the quarter ended 30 November 2020 fell by 7.2%. A large profit rise in Asia alongside steady e-commerce expansion did result in a £295m (9.5%) Q1 2021 increase to the firm’s global operating…
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Dec- 2020 -24 DecemberClothing & Shoes
Clarks shareholders approve £100m LionRock Capital rescue deal
Clarks has announced that its shareholders have approved a financial rescue deal from a Hong Kong-based private equity company. LionRock Capital will invest £100m in the shoe retailer as part of a Company Voluntary Agreement (CVA). As a result of this new partnership, none of Clarks’ 320 stores will have…
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