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ASIA NEWS ON FASTMOVING

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Asian revenue surpasses European for first time at L’Oreal

Asian revenue surpasses European for first time at L’Oreal

18/04/2019 - 09:07
L’Oreal got more revenue from Asia than from Western Europe for the first time last quarter as the region’s surging demand for luxury products continued to resist the drag of a slower Chinese economy. read more
Emerging markets show ‘tremendous’ growth in chocolate

Emerging markets show ‘tremendous’ growth in chocolate

28/11/2017 - 13:47
With "tremendous" demand in emerging markets looking set to continue this season, the world’s third-largest cocoa processor is projecting a sharply smaller global surplus. read more
Apple’s profit soars as its new iPhone hits Asian stores

Apple’s profit soars as its new iPhone hits Asian stores

03/11/2017 - 09:15
Apple profits soared by almost 20% as its flagship iPhone X hit stores in Asia on Friday, with the company predicting bumper sales despite its eye-watering price tag. read more
Global cocoa mountain shrinks as Asia hankers after chocolate

Global cocoa mountain shrinks as Asia hankers after chocolate

06/10/2017 - 16:07
Chocolate lovers in Asia are taking a big bite out of the global cocoa glut. read more
Asia remains Richemont’s main sales driver

Asia remains Richemont’s main sales driver

13/09/2017 - 10:03
Asia was again the main driver of sales growth at Richemont, the world’s second-biggest luxury goods group said in a trading update on Wednesday, ahead of its AGM. read more
Anti-Valentine's Day ("Singles Day") is the largest retail sales day in Asia

Anti-Valentine's Day ("Singles Day") is the largest retail sales day in Asia

14/02/2017 - 17:07
What started as an “anti-Valentine’s” celebration concocted by students at Nanjing University in the 1990’s has grown into the single largest shopping day in Asia with sales of $17.8 billion last year.  read more
Millions of illegal products destroyed

Millions of illegal products destroyed

31/07/2014 - 14:41
Johannesburg - Over 264 283 inspections were conducted between 2008 and 2013, resulting in illegal products worth R438m being destroyed, the department of trade and industry said on Wednesday.  read more
China shoe strike spreads

China shoe strike spreads

23/04/2014 - 11:14
Shanghai - One of China's biggest strikes in years stretched into a second week on Monday and spread from a huge shoe production complex in southern Guangdong province to a facility owned by the same company in the neighbouring Jiangxi province.  read more
Gap to open five Old Navy franchise stores in Philippines

Gap to open five Old Navy franchise stores in Philippines

19/03/2014 - 13:19
San Francisco -- Gap Inc. plans to open five franchise-operated Old Navy stores in the Philippines in 2014. The first two Old Navy stores will open in Manila in March and there are plans to open three more stores in the second half of the year for a total of five Old Navy stores in 2014. read more
SABMiller CEO Graham Mackay dies

SABMiller CEO Graham Mackay dies

20/12/2013 - 08:21
Cape Town - SABMiller [JSE:SABMiller] announced on Wednesday that its chairperson Graham Mackay, who has been with the company for 35 years, has passed away. Mackay was diagnosed with a brain tumour in April 2013.  read more
Carlsberg buys stake in China's Chongqing

Carlsberg buys stake in China's Chongqing

06/12/2013 - 09:00
Copenhagen/Shanghai - Danish brewer Carlsberg upped its stake in China's Chongqing Brewery to 60 percent, strengthening its foothold in the world's largest beer market by volume, and hopes to further increase its holding, the latter said. read more
World markets react to US debt deal

World markets react to US debt deal

18/10/2013 - 08:41
Johannesburg - Markets across the world on Thursday gave a lukewarm reaction towards the US debt deal, due to fears that the scenario will repeat itself early next year. read more
Asian bacteria threatens Florida oranges

Asian bacteria threatens Florida oranges

14/10/2013 - 09:13
Washington - Citrus production in Florida, the world's second largest orange juice supplier after Brazil, is being threatened by a bacteria from Asia that has scientists racing for a remedy. read more
Asia sales boosts Lego profit

Asia sales boosts Lego profit

09/09/2013 - 11:26
Copenhagen - Danish toy company Lego on Thursday reported a 13% rise in net sales for the first half of 2013, citing strong sales in Asia. read more
Retail's global top 10

Retail's global top 10

15/05/2013 - 09:25
New York - There's expensive and then there's Hong Kong. read more
Tesco posts first drop in annual profits for almost two decades

Tesco posts first drop in annual profits for almost two decades

19/04/2013 - 13:39
On Tesco’s full-year results, David Gray, Retail Analyst at Planet Retail, commented:  read more
Jobless youth a threat to growth - economist

Jobless youth a threat to growth - economist

12/02/2013 - 07:51
Cape Town - South Africa's potential for gross domestic product (GDP) growth could be stalled by several challenges, such as youth unemployment and labour strife, an economist warned.  read more
Australian retailers reach out to Chinese shoppers

Australian retailers reach out to Chinese shoppers

11/02/2013 - 08:09
Sydney, "Be polite but not too familiar, display lucky symbols and take things slowly." unusual advice for the frantic world of retail but Australian stores hope it will help lure cashed-up Chinese tourists.  read more
Prada shrugs off slowdown concerns

Prada shrugs off slowdown concerns

07/12/2012 - 07:49
Hong Kong/Milan - Italian fashion house Prada SpA beat forecasts with a 30% rise in third-quarter net profit, shrugging off concerns about a slowdown in demand for luxury goods. read more
China says can meet 2012 exports target

China says can meet 2012 exports target

26/06/2012 - 08:32
Shen Danyang, a spokesman at China's Commerce Ministry, said anecdotal evidence suggested Chinese export and import growth in looked as good in June as it did in May, when trade shipments were more than double market forecasts.  read more
Coca-Cola Profit Tops Analysts’ Estimates as Asia Sales Jump

Coca-Cola Profit Tops Analysts’ Estimates as Asia Sales Jump

08/02/2012 - 10:10
Coca-Cola Co., the world’s largest soft-drink maker, reported fourth-quarter profit that topped analysts’ estimates as teas and juices boosted sales in Asia.  read more
Chinese suppliers turn away from EU to emerging markets

Chinese suppliers turn away from EU to emerging markets

30/11/2011 - 09:58
Suppliers in China are boosting overseas shipments to emerging markets amid slowing orders from the EU as the region tackles its debt crisis, market experts have reported. read more
Fast Retailing May Buy Bigger Clothing Rival in U.S., Europe as Yen Gains

Fast Retailing May Buy Bigger Clothing Rival in U.S., Europe as Yen Gains

07/11/2011 - 09:01
Fast Retailing Co., Asia’s largest clothing chain, may buy a bigger rival in the U.S. or Europe after the yen’s advance to a postwar high against the dollar boosted the Japanese company’s purchasing power. read more
Cheers to new wine markets

Cheers to new wine markets

07/11/2011 - 08:40
Hong Kong - Hong Kong's wine imports have remained strong even as global economic uncertainty cuts demand for luxury goods, underscoring the city's credentials as a preeminent wine hub buoyed by strong demand from mainland Chinese buyers.  read more