HONG KONG news and archive

L’Officiel introduces Hong Kong publication

Fashion publication L’Officiel has unveiled a new digital platform for Hong Kong, with a print magazine for the region scheduled to come in early 2024. The announcement was made by a number of subsidiaries under the umbrella of business conglomerate AMTD Group, which acquired L’Officiel in 2022 and has since set about expanding the magazine’s...

Fashion

Louis Vuitton to make Hong Kong runway debut

French luxury house Louis Vuitton is set to debut its men’s pre-fall 2024 collection during a runway show in Hong Kong, where it has partnered with local brand operator K11 Group to host the event. Set for November 30, the showcase will take place at the Avenue of Stars at K11 Victoria Dockside and will be, what the firm said, a way to “further...

Business

HKRITA Innovation & Technology Symposium 2023 targets net-zero future

The Hong Kong Research Institute of Textiles and Apparel (HKRITA) held its annual HKRITA Innovation & Technology Symposium 2023 on 17th January. The theme was “Innovating Zero” in regards to technologies and innovative applications that can pave the way for a sustainable net-zero future. The symposium brought together industry experts, business...

Business

Hong Kong tailors take to livestream in pandemic survival fight

Assistants wielding multiple livestreaming mobile phones are now as crucial to Roshan Melwani's tailor shop as the measuring tapes, needles and fabrics that have made his Hong Kong family business so famous. The Melwani family has dressed everyone from American presidents to aristocrats and celebrities over the decades. But the pandemic nearly...

BusinessFeatured

K-Way partners with Bluebell Group to launch in Hong Kong

French outerwear brand K-Way is launching in the Hong Kong market in partnership with the Bluebell Group as part of its global expansion plans. K-Way, known for its windbreaker, lifestyle fashion and sportswear, will be launching its products to Hong Kong consumers with a local website, online k-way.com.hk, before opening a physical store in...

Podcast

Disruption in the Hong Kong Fashion Market

This month’s Fashion Friday podcast series by Euromonitor International examines two key trends that have emerged in the highly disruptive Hong Kong fashion market. Euromonitor International · Fashion Friday: Disruption in the Hong Kong Fashion Market As the apparel and footwear market in Hong Kong has been severely disrupted by COVID-19 from...

Business

Hong Kong sees almost 25 percent decrease in sales

Reuters has reported that Hong Kong has seen a 24.1 percent decrease in retail sales amidst the coronavirus outbreak. The health crisis already made things worse for a market that was already struggling thanks to months of anti-government protests. Tourist traffic, which helped drive retail sales, continue to be on the decline in Hong Kong, and...

Business

Swiss watch exports to Hong Kong plunge in 2019

Swiss watch exports to Hong Kong, the sector's biggest market, plunged 11.4 percent in 2019 due to a wave of pro-democracy protests there, the Swiss watch industry federation said Tuesday. Overall, however, watch exports were up by 2.4 percent to 21.7 billion Swiss francs (20.3 billion euros, 22.4 billion US dollars) because of growth in other...

Retail

Louis Vuitton to close store hit by protest

Louis Vuitton has become one of the first luxury brands to respond to the impact of the ongoing anti-government protests in Hong Kong. The luxury brand will be closing one of its Hong Kong stores that was impacted by the protests. South China Morning Post reported that the brand will be closing its stores in Times Square Mall in the Causeway Bay...

Retail

7000 retail stores could close in Hong Kong

Reuters has reported that one in retailers, about 7000 of Hong Kong's 64,000 licensed retail establishments, could be forced to close down in the next six months. Violent protests have been deterring tourists from visiting Hong Kong costing retailers sales. Hong Kong is typically one of the top shopping destinations for Chinese tourists, but the...

Business

Alibaba shares surgre as Asian market await trade agreement

Asian markets were mixed on Tuesday as investors tracked developments in the China-US trade talks, while Chinese online retail titan Alibaba surged almost eight percent on its Hong Kong debut. While the mood remains upbeat across trading floors that a partial tariffs agreement will eventually be signed, there is a sense of unease about the lack...

Business |ANALYSIS Featured

How Alibaba plans to conquer Hong Kong’s stock exchange: IPO’s details announced

New York – Self-defined as a ‘technology company’, Chinese e-commerce giant Alibaba Group is planning to take the Hong Kong’s stock exchange by storm. Alibaba’s choice hasn’t left anyone indifferent given the current turmoil hitting the Asian economic centre. Last week, the Chinese e-commerce giant confirmed its plans to list in Hong Kong in...