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China was once eager to spend on US brands. Then citizens of the world’s biggest country shifted their allegiances.
HONG KONG: Chinese luxury clothing giant Shandong Ruyi Technology Group Co.’s credit rating was cut deeper into junk by Moody’s Investors Service after the firm struggled to show it can repay its large upcoming debt maturities.
Noor Neelofa Mohd Noor, fondly known as Neelofa or Lofa to her fans, wore stunning outfits representing modest fashion at the recently concluded New York, Milan and Paris fashion shows.
TOKYO: A South Korean boycott of Japanese goods is seen dragging down sales at Fast Retailing Co Ltd's Uniqlo stores, denting otherwise strong financial results due to be announced on Thursday by Asia's biggest fashion group, analysts said.
THE jury is still out on whether digitalisation will spell an early end for mainstream print media businesses. But what is clear, though, is that the digital age has fundamentally transformed how the new generation of consumers is accessing information and entertainment, including changes in the way people consume and engage with food, music, film and art.
PETALING JAYA: The FBM KLCI fell to one of its lowest levels in four years yesterday, shedding some 331.06 points or 17.4% from its April 2018 high of 1,895.18.
SINGAPORE: South-East Asia’s Internet economy is forecast to reach US$300bil by 2025 as millions of people in the region take up online shopping and embrace ride-share food delivery, an industry report said.
LONDON: European luxury goods and drinks company shares rose on Thursday after new U.S. tariffs in retaliation over EU aircraft subsidies excluded cognac, champagne and leather goods.
The first sales-tax increase in more than five years threatens to dissuade skittish consumers
NEW YORK: Forever 21 Inc filed for bankruptcy protection, the latest big fashion merchant who couldn’t cope with high rents and heavy competition as the shift to e-commerce cut a swathe through traditional retailers.