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Strong Asian demand for Hermes bags; M'sia, S'pore sites to be overhauled

PARIS: Hermes said sales in continental China, where it recently revamped its e-commerce site, were particularly strong in the first half of 2019. It has just rebooted its online shopping site in Japan and will extend the overhaul to Singapore and Malaysia this year.

Strong Asian demand buoys sales at Birkin bag maker Hermes

PARIS: Surging demand in Asia and especially mainland China helped Birkin handbag maker Hermes post better-than-expected sales growth for the second quarter, in an encouraging signal for some of its major luxury goods rivals.

Funds managing $2 trillion urge cement makers to act on climate impact

LONDON (Reuters) - European funds managing $2 trillion (1.6 trillion pounds) in assets called on cement companies to slash their greenhouse gas emissions on Monday, warning that a failure to do so could put their business models at risk.

Funds managing US$2tril urge cement makers to act on climate impact

LONDON: European funds managing $2 trillion (1.6 trillion pounds) in assets called on cement companies to slash their greenhouse gas emissions on Monday, warning that a failure to do so could put their business models at risk

Party mood wobbles in Saudi markets as a US$20b wave crests

DUBAI: Investors are starting to tune out the noise of the billions of dollars that flowed into Saudi bonds and stocks in the first half of the year after the kingdom’s upgrade to emerging-market status.

Derivatives vigilantes punishing ‘bad’ nations

Asset managers are increasingly using their financial clout to persuade companies to be friendlier to the planet, wielding a combination of the stick of disinvestment and the carrot of engagement. But can the financial world do more to ensure countries and their central banks are also meeting their environmental, social and governance responsibilities?

Online shopping in China goes luxury, with men in black delivering Hermes

The Beijing delivery man who arrived with Christine Lin’s new silver bracelet came dressed in an elegant black suit – complete with white gloves.

Army captain picked up after burglary at designer handbag shop

KUALA LUMPUR (Bernama): An army captain who was involved in a break-in at a shop a year ago was arrested after he burgled another shop selling designer handbags in Berjaya Times Square two weeks ago.

Saudi mall owner seeks US$836mil from IPO

DUBAI: Fawaz Alhokair Group, the Saudi retailer that owns the franchise for brands like Banana Republic and Zara, is seeking to raise as much as 3.1 billion riyals (US$836mil) from selling shares in its malls unit.

Arabian Centres to raise up to $836 mln in Saudi's biggest IPO since 2014

DUBAI: Saudi Arabian mall operator Arabian Centres Co could raise up to $836 million at the top end of the price range for its initial public offering (IPO), the sale prospectus showed on Sunday.