Hong Kong-based skin care and cosmetics chain operator Sa Sa International Holdings said on Wednesday its sales in Hong Kong and Macau dropped 32% in August, amid a wave of protests in the financial hub.
The maternity apparel retailer has announced that it is considering strategic alternatives, including a potential sale, following a rough second quarter that saw a significant dip in the company’s revenues.
The executive, who previously led the company's footwear division, has become the new CEO of OLG, the European luxury subsidiary of the Japanese group of the same name, and has plans to turn it into a talent incubator.
The Canadian sportswear brand plans to quadruple international sales by 2024, a goal that Gareth Pope, Lululemon's EMEA boss, is taking on board for the region he oversees, adopting a methodically patient approach.
Swedish investor Kinnevik has sold a portion of its shareholding in online retailer Zalando. The e-tailer’s largest shareholder has completed a placement of 13.13 million shares, it announced on Tuesday.
French Connection’s half-year results showed it “building on good progress” and “on track to meet expectations”, but it's still loss-making. It also said its strategic review would be completed before 2020.
Shares in African diamond miner Petra Diamonds hit an all-time low on Monday after it missed forecasts with a 22% fall in annual profit, as a Sino-U.S. trade row and protests in Hong Kong dented demand.