An Asian industry group that includes Google, Facebook, and Twitter has warned that tech companies could stop offering their services in Hong Kong if the Chinese territory proceeds with plans to change privacy laws. The warning came in a letter sent by the Asia Internet Coalition, of which all three companies, in addition to Apple, LinkedIn, and … Read More →
An affiliate of global private equity firm Warburg Pincus Llc and Mumbai-based developer Runwal Group have formed a joint venture (JV) to create a shopping mall platform. Both partners will commit $200 million each in the form of equity and raise another $600 million in debt to create a corpus of $1 billion to invest in and … Read More →
In a move that aims to set the ball rolling for implementing a comprehensive gold policy, the government has formed a working group to set up a domestic council for the gems and jewellery sector.The group is headed by the joint secretary of the ministry of commerce, Manoj Kumar Dwivedi. “The group has participation from all … Read More →
Funny how times flies. TLC’s debut album, Ooooooohhh… On the TLC Tip, came out 25 years ago. So it feels like the perfect time to give props to the female supergroup that inspired acts like Destiny’s Child and gave us hits such as “Baby-Baby-Baby,” “Waterfalls,” and “No Scrubs.” Rozonda “Chilli” Thomas, Tionne “T-Boz” Watkins, and … Read More →
Retail Apparel Group, a leading specialty menswear retailer in Australia and New Zealand with more than 400 stores and high-profile store brands such as Tarocash, yd, Connor and Rockwear, has been sold at an enterprise value of $302.5 million to The Foschini Group of South Africa. The retail business was sold by private equity firm … Read More →
French luxury group Kering reported a strong first-quarter performance in 2017, with high-end brands including Gucci and Boucheron contributing substantial growth. Consolidated revenues rose 31.2 percent to €3.57 billion (around US$3.89 billion), driven by double-digit growth across all product segments and geographic regions, except Japan, the group announced. Sales from the group’s watches and jewellery … Read More →
Thomas D’Innocenzi, founder of Nova Advisors, has entered into an agreement to represent VT Group to US outdoor apparel and sportswear brands. VT Group with multiple manufacturing locations in Myanmar and Thailand is based in Bangkok and has a 35-year history providing OEM and ODM manufacturing in outdoor and sportswear apparel to top labels worldwide. … Read More →