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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Nov- 2018 -14 NovemberHigh Street
London’s New Bond Street named ‘most expensive’ European high street
London’s New Bond Street has been named as the most expensive European shopping location for rental value and the third most globally. The ‘Main Streets Across the World’ report by global real estate services firm Cushman & Wakefield tracks 446 of the top retail streets around the globe, ranking the…
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Oct- 2018 -9 OctoberAdvice
The Brexit dividend may be nearing an end for UK retailers – so what now?
Much has been made of the potential ‘Brexit dividend’ that the economy may enjoy if the UK parts company with Brussels in March next year, with the argument polarising commentators and economists. One sector of the economy that benefitted initially after the referendum is retail, as international shoppers were able…
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Aug- 2018 -9 AugustDepartment Stores
House of Fraser fate could be decided today
A decision could be made on the future of House of Fraser today as its creditors assess takeover bids made by Sports Direct’s Mike Ashley, retail tycoon Philip Day, and retail turnaround fund Alteri Investors. According to Sky News, PwC spent Wednesday (8 August) afternoon negotiating on the 169-year-old’s department…
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1 AugustDepartment Stores
C.banner pulls out of House of Fraser rescue
C.banner has pulled out its House of Fraser rescue deal worth £150m due to a dive in its share price. The Hamley’s owner said the deal had been “rendered impracticable and inadvisable” following the fall. House of Fraser is now urgently seeking a £50m investment in order to avoid collapse.…
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Jul- 2018 -27 JulyDepartment Stores
House of Fraser CVA delayed by landlords
House of Fraser’s planned company voluntary agreement (CVA) has been delayed by landlords who have launched legal action, with representatives call the plans “unfairly prejudiced”. New House of Fraser owners C.Banner, filed an announcement with the Hong Kong stock exchange yesterday (26 July) explaining that the company would need additional…
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11 JulyLuxury Goods
Burberry’s growth slows in Q1 2018
Luxury fashion house Burberry has said it has recorded a “solid performance in retail during a period of transition”, despite seeing a slowdown in its sales growth for the first quarter of 2018. For its first quarter ending 30 June Burberry reported a 3% rise in like-for-like sales a marginal…
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May- 2018 -17 MayDepartment Stores
House of Fraser landlord anger nullified by stock exchange rules
House of Fraser’s relations with a range of stakeholders worsened today after several landlords expressed anger at proposed rent reductions as part of an ongoing CVA plan. Landlords are said to be peeved by the request for rent reduction after fresh investment by Hamley’s owner C.banner. Several landlords told media…
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10 MayDepartment Stores
House of Fraser £43.9m loss revealed in new document
A document released by House of Fraser’s new owner C.Banner has revealed that the department store suffered a £43.9m loss in 2017. The slump was attributed to Brexit, London’s terrorist attacks and the ‘rapidly evolving’ retail market. The document was submitted to the Hong Kong Stock Exchange, where C.Banner announced…
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Jan- 2018 -26 JanuaryHigh Street
London and New York named key locations for luxury watch brand expansion
London and New York could provide key opportunities for luxury watch brands seeking expansion in 2018. Real estate advisor Savills reported new luxury watch store openings fell globally in 2017, with 37 compared to 44 in 2016. The year also saw openings move away from the traditional Asia Pacific markets…
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11 JanuaryHigh Street
Marks and Spencer sales take a hit over Christmas
The all-important festive season yield disappointing results for Marks and Spencer at the end of 2017 as sales fell 1.4% during the period. Like-for-like revenues fell 1.4% in the 13 weeks to 30 December, with clothing and homeware down 2.8% and food down by 0.4%. Steve Rowe, chief executive said:…
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