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Business 10 Apr 2019 | 12:10 AM

Standard Chartered to pay US$1.1b for sanctions violations

WASHINGTON: Standard Chartered Plc has agreed to pay US$1.1 billion to U.S. and British authorities for conducting illegal financial transactions that violated sanctions against Iran and other countries, government authorities announced on Tuesday.

Corporate News 23 Oct 2017 | 1:19 AM

Samsonite innovation, lightness and durability offer travellers superiority

Business, leisure and frequent flyers seeking luxury and quality while travelling and exploring need only look to Samsonite suitcases for comfort and confidence.

Corporate News 26 Apr 2017 | 12:00 AM

LVMH to gain control of Dior after US$13bil Arnault deal

PARIS: French billionaire Bernard Arnault moved to consolidate control over Christian Dior for about 12.1 billion euros (US$13.2bil), folding the fashion house’s operations into the LVMH luxury empire in one of his biggest transactions.

Corporate News 18 Apr 2017 | 12:00 AM

Billionaire Taizo Son ditches Japan to start afresh in S’pore

He plans to invest US$100mil in South-East Asia within five years

Economy 05 Oct 2016 | 12:00 AM

LVMH buys 80% of German luggage group Rimowa

PARIS: French luxury group LVMH, owner of the Louis Vuitton brand, has agreed to buy an 80% stake in high-tech luggage maker Rimowa for 640 million euros (US$716mil), its first acquisition in Germany.

Business 03 Sep 2016 | 12:00 AM

Hong Kong’s expat consumer brands fall on hard times

FIVE years ago, foreign consumer brands listing in Hong Kong carried the cachet of a Ian Fleming hero: Stylish, international, and with an unmistakable scent of victory about them. Nowadays, they’re starting to resemble the broken dead-enders of a Graham Greene novel.

Corporate News 12 Aug 2016 | 10:01 AM

How British firms built a pyramid scheme in China that lost millions

SHANGHAI: As David Byrne ate breakfast at the Tongli Lakeview Hotel outside Shanghai one Sunday in April, an angry customer was waiting for him.