CVC Mulls Buying Stake in Jeweller APM Monaco From TPG
CVC Capital Partners is considering buying a stake in the fashion jeweller from private-equity firm TPG Inc., according to people familiar with the matter.
Shenzhen, China
Financial Markets
Topsports to Seek Approval Next Week for $1 Billion IPO
The sportswear retailer is planning to make its Hong Kong stock market debut, seeking to raise around $1 billion.
Topsports to Seek Approval Next Week for $1 Billion IPO
The sportswear retailer is planning to make its Hong Kong stock market debut, seeking to raise around $1 billion.
China
Tencent's $65B Wipeout Bodes Ill for Hong Kong Stocks
The Chinese tech heavyweight has plunged 14 percent since last month’s high.
Tencent's $65B Wipeout Bodes Ill for Hong Kong Stocks
The Chinese tech heavyweight has plunged 14 percent since last month’s high.
China
Tencent First-Quarter Profit Beats Estimates
Profit rose to 27 billion yuan ($3.93 billion), compared with the average estimate of 19.4 billion yuan from 13 analysts.
Tencent First-Quarter Profit Beats Estimates
Profit rose to 27 billion yuan ($3.93 billion), compared with the average estimate of 19.4 billion yuan from 13 analysts.
Technology
Tencent Profit Beats Estimates
The company almost doubled net income to a record $3.3 billion driven by its vast social networks WeChat and QQ.
Tencent Profit Beats Estimates
The company almost doubled net income to a record $3.3 billion driven by its vast social networks WeChat and QQ.
ADVERTISEMENT
China
Shenzhen Ellassay Fashion Acquires Vivienne Tam’s Brand Rights in China
The Chinese fashion and apparel company, which acquired French brand Iro in March, is aiming to become a high-end fashion group.
Shenzhen Ellassay Fashion Acquires Vivienne Tam’s Brand Rights in China
The Chinese fashion and apparel company, which acquired French brand Iro in March, is aiming to become a high-end fashion group.
China
Alibaba Singles' Day Sales Pass 2015, But Growth Slows
Alibaba Group Holding Ltd's Singles' Day sales surged past last year's 91.2 billion yuan ($13.85 billion) total with nearly nine hours left on the clock.
Alibaba Singles' Day Sales Pass 2015, But Growth Slows
Alibaba Group Holding Ltd's Singles' Day sales surged past last year's 91.2 billion yuan ($13.85 billion) total with nearly nine hours left on the clock.
ADVERTISEMENT
The News in Brief
Will Jewellery Help Shape Luxury’s Winners?
As weak appetite for handbags and geopolitical tensions weigh on fashion sales, luxury groups are leaning on high-performing jewellery to help boost growth and steady profit margins.
London’s Liberty Doubles Fabric Section as Sewing Booms
The department store has more than doubled the size of its fabrics department and will host crafting classes this autumn as social media drives a surge in activities like sewing.
US Businesses File Lawsuit Challenging New ‘Forced Labour’ Tariffs
Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.
Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.