(Global Fashion Wire) - Following the launch of her first Shanghai boutique in December, Leona Edmiston one of Australia's leading fashion designers, is adding another two new Myer (ASX:MYR) concessions to her network.
According to local media reports, the Italian luxury brand Prada is researching the possibilities of launching initial public offering in Hong Kong in the first half of 2011. The insiders quoted in local reports said that if Prada chooses to be listed in Hong Kong, it may gain more capital than in its domestic Italian market, because the individual investors in Asia are more active.
Hong Kong-based multinational Li & Fung Limited (HKG:0494), the global consumer goods exporter, today announced that its subsidiary, LF USA, has acquired substantially all of the assets of Oxford Apparel, which is one of the operating groups of Oxford Industries, Inc (NYSE:OXM). The Group also said LF USA will launch industry-first lifestyle brands with globally recognized entertainers Jennifer Lopez and Marc Anthony that will be available in Kohl's stores.
On November 4, 2010, global super-brand Zara is scheduled to launch a series of onlines stores throughout Austria, Belgium, Ireland, Luxembourg and the Netherlands. In addition to France, Germany, Portugal, Italy, Spain and the United Kingdom, where online sales were available since 2 September.
Australian shares ended lower on Thursday after a weaker-than-expected ABS retail sales data and Myer's disappointing result for first half FY2010. The benchmark S&P/ASX200 index closed 26.3 points, or 0.57 per cent lower, at 4621.6, while the broader All Ordinaries index gave up 29.1 points, or 0.62 per cent, to 4644.1.
US stocks posted a strong gain overnight boosted by better-than-expected home sales. Existing-home sales increased by 10.1 per cent to a 6.1 million annual rate, from 5.54 million in September, the National Association of Realtors said. The US dollar was weaker on Monday on expectations that the interest rate would remain at near zero.
Bossini International Holdings Limited (HKG:0592) announced today its annual results for the year ended 30 June 2009. Despite the unprecedented global financial tsunami, the Group remained profitable with a healthy balance sheet and a positive financial position. Revenue for the year under review just declined slightly by 3% to HK$2,254 million (2008: HK$2,317 million).
