It is two days before the opening of David Tang's lifestyle shop in Wan Chai and he is in a feisty mood. Staff scurry about filling empty shelves, a table is missing its top, a newspaper advert needs to be finalised and profanity bounces off the walls.
American fashion designer Phillip Lim has opened a store in Beijing, its first store in China, three years after staging a runway show in Beijing. Located at the Taikoo Li, the luxury brand end of Sanlitun Village, the 2,700-square-foot, two-story 3.1 Phillip Lim flagship store offers men’s and women’s ready-to-wear and accessories including footwear, belts, bags and sunglasses.
Miu Miu is pursuing its development in Asia with the expansion and transformation of its Hong Kong flagship store.
The prestigious 1,000 square-metre outlet on Peking Road carries the complete brand’s collections of ready-to -wear, footwear, handbags and accessories.
Italian luxury house of Valentino has celebrated the opening of its new flagship store in Shanghai with a capsule collection – Collection Shanghai 2013. Second in size only to the Milan flagship, the Shanghai store opened November 14 at IAPM Mall in Huai Hai Zhong Road. The two-story flagship, designed by architect David Chipperfield, brings the spirit of the Venetian palazzo to a more intimate scale.
Australia's largest retailer of consumer electronics products announced plans of listing on the Australian Securities Exchange (ASX).
Dick Smith Holdings Limited (Dick Smith) lodged the prosecutes for the Initial Public Offering (IPO) with the Australian Securities and Investments Commission (ASIC) on Thursday.
Based on a share price of AUD2.20 per share, the company expects the offering to raise AUS344.5 million (USD).
Lifestyle International, part of Dubai-based retail and hospitality conglomerate Landmark Group, plans to add nearly 20 Lifestyle departmental stores across India. The company currently has 40 Lifestyle stores, 85 value fashion outlets under the brand Max and 16 home products stores under Home Centre brand. According to Kabir Lumba, Managing Director, Lifestyle International Pvt Ltd (India), the company will invest Rs 150 crore (USD23.6 million) a year for the next three years for expansion in the country.
Scott Price, president and chief executive officer of Walmart Asia, revealed at an investor meeting that the company plans to close 25 underperforming stores in China during 2014. Price further revealed that the sales of those 25 stores only accounted for 2.5 percent of Walmart's total sales in China. A representative from Wal-Mart China said after closing those underperforming stores Wal-Mart will be able to focus on core stores which are running better.
Italian luxury house of Versace has recently inaugurated its brand new 200 square metre flagship store in Singapore at Paragon Mall. The new Versace store features the new retail concept of the brand, designed by Jamie Fobert and Donatella Versace.
Founded in 1978 by one of the world's most talented fashion designers, Gianni Versace, the store is one of the leading global fashion design brands and the so-called symbol of Italian luxury.
Taubman Asia officially announced the groundbreaking of the Hanam Union Square shopping center, a 4.5 million square feet GFA mall in Hanam City, Gyeonggi Province, South Korea.
Co-developing the site are Taubman Asia and Shinsegae Group, Korea’s leading luxury department store retailer.
Italian luxury house of Prada opened this week in Tokyo one of its largest stores worldwide on the prestigious Chuo-dori Street, in the Ginza district. Designed by architect Roberto Baciocchi, the new space occupies a total area of about 991 square metres on three levels presenting the women’s and men’s leather goods, accessories, footwear and ready-to-wear collections.