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Crumbling lira pressures Turkish retailers as economy slows

ISTANBUL: Turkish businessman Tekin Acar had contracts to open branches of his leading cosmetics chain in ten new shopping malls this year. A few days ago he cancelled nine of them after sharp falls in the lira meant he would struggle to afford the rents.


Parkson's regional sales grow

PARKSON Holdings Bhd (PHB) has been moving fast in the last decade.


Bonia keen on overseas expansion

Fashion apparel group Bonia Corp Bhd will push ahead with overseas expansion, especially in the Middle East, as demand from foreign markets is increasing, said group managing director Albert Chiang.


Bonia to push ahead with exports

Bonia Corporation Bhd will focus on expanding export markets, especially from Saudi Arabia and Vietnam, coupled with higher contribution from Singapore.