Tong Van

Hong Kong retail sector’s prolonged downturn has led many to wonder what the future holds for the industry.

The closure of Microsoft’s stores in China has raised questions about the tech giant\’s strategy in the world’s second-largest economy.

After a 13-year banking career, Audra Gordon took a hiatus which she says “led her to her purpose”.

Salvatore Ferragamo has reported sales dropping 16.6 per cent for the first quarter due to China’s “volatile consumer environment”.

Alibaba Group is looking into a potential acquisition of a 5 per cent stake in Korean platform Ably to increase its foothold in the country.

The world’s largest luxury group LVMH has recorded a revenue of €20.7 billion (US$22 million) for the first quarter of this year.

Carousell Group has acquired Singapore-based luxury resales company LuxLexicon to expand its premium offerings.

Vingroup is set to exit the shopping mall business, selling 41.5 per cent of its stake in Vincom Retail for an undisclosed sum.

Estee Lauder is set to lay off up about 3 to 5 per cent of its global workforce, equivalent to about 3100 jobs.

Vestiaire Collective is set to launch a community equity raise next month, aiming to reach profitability by the end of this year.