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News
Luxury sales plunge China
3+ hour, 11+ min ago (135+ words) KLSE Screener Luxury sales plunge China SHANGHAI: Global luxury brands are facing a deepening sales slump in China, as the country’s campaign to tax offshore wealth sends ripples from stock markets to casino floors and dampens spending by the country’s…...
Aston Martin creditors threaten legal action over plan to sell branding rights
2+ week, 6+ day ago (288+ words) MEXICO CITY: A group of Aston Martin's creditors has threatened legal action against the carmaker after learning that it plans to sell a portion of its branding and naming rights as part of a new debt financing package, the Financial…...
German watchmaker Nomos eyes growth potential in China, says CEO
1+ mon, 1+ week ago (134+ words) KLSE Screener German watchmaker Nomos eyes growth potential in China, says CEO SHANGHAI: Upbeat about the Chinese market, German watchmaking company Nomos Glashutte has a long-term investment plan for the country, says its chief executive. On June 26, the company opened…...
Blooming Chinese beauty sector
2+ mon, 1+ week ago (81+ words) KLSE Screener Blooming Chinese beauty sector China's beauty market is witnessing an increase in domestic brands that are consolidating their positions and driving sector growth, according to industry reports. Data from the China Association of Fragrance, Flavour and Cosmetic Industries…...
Proton steps up mobility push with hybrid powertrain
2+ mon, 1+ week ago (183+ words) KUALA LUMPUR: Proton Holdings Bhd has unveiled its hybrid electric vehicle powertrain technology, marking the national carmaker's strategy to advance future mobility. At the centre of Proton's technology are two key components — a dedicated hybrid engine (DHE) and a dedicated…...
Asics to spin off Onitsuka Tiger sneaker business to OT Group
2+ mon, 1+ week ago (301+ words) TOKYO: Japan's Asics yesterday said it will spin off its high-end Onitsuka Tiger business, a key driver behind four straight years of record profit thanks to a tourism boom and a surge in demand for its retro-inspired sports shoes. Under…...
Tan Chong bets on new models to revive sales
2+ mon, 2+ week ago (136+ words) KLSE Screener PETALING JAYA: Tan Chong Motor Holdings Bhd, the sole distributor of Nissan and Renault marques in Malaysia, will be launching three models in the country over this year as the company continues to grapple with competition from Chinese…...
Frugal and more online: smarter spenders rewrite luxury's China dream
2+ mon, 3+ week ago (728+ words) BEIJING: When Beijinger Jacqueline Li first heard that one of her favourite luxury department stores in the city was closing, she was shocked — until she reflected on how Chinese spending habits have changed in recent years. The closure of France's…...
Ferrari rolls out five-seat fully electric car in a first for the brand
2+ mon, 4+ week ago (139+ words) KLSE Screener Ferrari rolls out five-seat fully electric car in a first for the brand ROME: Ferrari NV unveiled its first fully electric car, a five-seat model priced at €550,000 that marks a sharp break from the sports-car maker’s fuel-burning heritage....
Royal thread
3+ mon, 1+ week ago (369+ words) Established in 2017, home-grown menswear label Kapten Batik sought to revitalise the traditional textile within Malaysia’s contemporary lifestyle by crafting classic slim-fit and geometrical-themed looks to tote bags and ties. Now, the brand is collaborating with Selangor royal YAM Tengku Datin…...