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Alibaba seeks $15bn in a Hong Kong share sale

Alibaba seeks $15bn in a Hong Kong share sale

12/11/2019 - 14:27
Alibaba Group is planning a listing hearing early next week and is seeking to raise as much as $15bn in a Hong Kong share sale, people familiar with the matter say, moving ahead with the city’s largest first-time stock offering since 2010.  read more
Shoemaker Vans treads wearily as China fumes over Hong Kong

Shoemaker Vans treads wearily as China fumes over Hong Kong

09/10/2019 - 13:20
US sports brand Vans has removed “a small number” of submissions in a sneaker design competition including one apparently giving a shout out to Hong Kong’s pro-democracy protests, as companies weigh the risks of angering China. read more
AB InBev revives its offering for Apac in Hong Kong

AB InBev revives its offering for Apac in Hong Kong

01/10/2019 - 11:39
Anheuser-Busch InBev (AB InBev) has revived its failed initial public offering (IPO) in Hong Kong by offering 1.26 billion shares of a minority stake of its Asia Pacific subsidiary, Budweiser Brewing Company Apac, and the world’s largest brewer is hoping to raise $5 billion (R74.4bn) on listing. read more
AB InBev to float Asian business in 2019’s second biggest IPO

AB InBev to float Asian business in 2019’s second biggest IPO

22/09/2019 - 10:14
AB InBev will kick off a second attempt to spin off its Asian business in Hong Kong with the launch of an initial public offering (IPO) worth up to $6.6bn that could be the world’s second-largest flotation in 2019. read more
Zara denies its Hong Kong stores were closed due to protests

Zara denies its Hong Kong stores were closed due to protests

04/09/2019 - 09:37
Fast-fashion company Zara says store closures in Hong Kong were not related to anti-Beijing protests in the city, after speculation on Chinese social media that the retailer’s employees were supporting the demonstrators. read more
Hong Kong's June retail sales slide due to mass protests - government data shows

Hong Kong's June retail sales slide due to mass protests - government data shows

05/08/2019 - 09:18
Retail sales, a key part of Hong Kong’s economy, felt a growing impact in June from mass protests, government data shows.  read more
Alibaba plans $20bn Hong Kong listing

Alibaba plans $20bn Hong Kong listing

05/06/2019 - 10:02
Alibaba is considering raising as much as $20bn through a listing in Hong Kong, people familiar with the matter say, lining up a second blockbuster deal following its 2014 record $25bn float in New York. read more
AB InBev eyes Hong Kong listing as it misses earnings expectations

AB InBev eyes Hong Kong listing as it misses earnings expectations

09/05/2019 - 10:02
Anheuser-Busch InBev (AB InBev), which took over SABMiller in 2016 and is the world’s biggest brewer, says it plans to list its Asia-Pacific business in Hong Kong. read more
Pernod Ricard Global Travel Retail appoints Golin Hong Kong

Pernod Ricard Global Travel Retail appoints Golin Hong Kong

09/07/2018 - 14:35
Pernod Ricard Global Travel Retail has appointed Golin Hong Kong to lead the PR restage of one of its core brand’s ranges. read more
Prada’s shares slip as profit declines - Hong Kong

Prada’s shares slip as profit declines - Hong Kong

12/04/2016 - 14:44
Hong Kong - Prada SpA shares slumped to the lowest in more than a month in Hong Kong after the Italian fashion maker reported its lowest profit in five years amid slowing luxury demand in Asia. read more
Joburg scores in global ‘inspirational city’ index

Joburg scores in global ‘inspirational city’ index

24/11/2014 - 10:35
Johannesburg has been named the second most inspiring city in the world in the 2014 GOOD Cities Index – leading all South African cities in the title. read more
L'Oreal bans all travel to Hong Kong - France

L'Oreal bans all travel to Hong Kong - France

01/10/2014 - 09:52
Paris - Cosmetics giant L'Oreal has banned its entire staff from business travel to Hong Kong until October 6, in reaction to mounting unrest in the former British colony. read more
Rupert returns as Richemont sales falter- Switzerland

Rupert returns as Richemont sales falter- Switzerland

18/09/2014 - 11:47
Geneva - The billionaire founder of the luxury goods firm that owns Cartier and Montblanc returned on Wednesday as chairperson after a year's sabbatical, at a time when the company's sales are slowing in its key Asian market. read more
End of the road for ‘drive a new car for R699 a month’ deal

End of the road for ‘drive a new car for R699 a month’ deal

09/07/2014 - 11:23
Thousands of motorists, who were lured into buying new cars by an attractive offer, which meant to see them paying as little as R699 a month, are up in arms after the company managing the deal, Satinsky Group, unexpectedly cut its losses with its Hong Kong-based holding company. read more
Namibia eyes Hong Kong meat market

Namibia eyes Hong Kong meat market

06/01/2014 - 11:01
The Meat Board of Namibia will soon release a report on a market exploration visit to Hong Kong concluded towards the end of last year. The visit included the Ministry of Trade and Industry and potential exporters. 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
SABMiller China Venture to Pay $851 Million for Brewery

SABMiller China Venture to Pay $851 Million for Brewery

18/02/2013 - 10:39
SABMiller Plc’s joint venture in China agreed to pay HK$6.6 billion ($851 million) for beermaking assets from Kingway Brewery Holdings Ltd. to boost its share of the world’s biggest market for the beverage.  read more
SaBMiller China unit pays HK$6.6bn for assets

SaBMiller China unit pays HK$6.6bn for assets

06/02/2013 - 08:47
SABMiller’s joint venture in China agreed to buy HK$6.6 billion (R7.5bn) worth of brewery assets from Kingway Brewery Holdings to boost its share of the nation’s beer market. read more
Hong Kong, New York are world’s most expensive retail destinations

Hong Kong, New York are world’s most expensive retail destinations

19/12/2012 - 09:05
Los Angeles -- A report released Tuesday by CBRE Group found that Hong Kong and New York City rank number one and two as the world’s most expensive prime retail markets. read more
Hang Ten Shares Jump by Record After Buyout Offer From Li & Fung Retailing

Hang Ten Shares Jump by Record After Buyout Offer From Li & Fung Retailing

20/12/2011 - 09:08
Hang Ten Group Holdings Ltd. (448) surged by a record in Hong Kong trading after a HK$2.65 billion ($340 million) buyout offer from Li & Fung Retailing Ltd. that values the shares at 59 percent more than their previous close. read more
Direct sourcing hits working capital at UK retailer

Direct sourcing hits working capital at UK retailer

10/11/2011 - 09:36
A concerted effort by British retailer Sainsbury's to increase the volume of direct global sourcing has contributed to a £104m increase in working capital during the first half of 2011, according to its interim report published today.  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