Hong Kong
Yue Yuen with 136.7 million US dollars loss
The world's largest shoe manufacturer has been badly hit by the COVID-19 pandemic. Yue Yuen has posted a net loss of 136.7 million US dollars for the first half of 2020, which compares to net income of 165.9 million US dollars for similar period in 2019
361 with decline in sales
The Board of the Hong Kong based footwear company has provided operational updates for its business segments referring to the second quarter of 2020
Stella's revenue down by 16% in quarter one
One of the largest footwear manufacturers reported first quarter revenue down by 16%. Stella was also impacted by the outbreak of the Covid-19 in China and diffusion across the world
Yue Yuen expects 70 million US dollars loss for the quarter
The China-based footwear manufacturer and retail corporation is predicting a loss for the quarter that can reach 70 million US dollars as a result of the Covid-19 crisis
Andrew Tam appointed as CFO of Stella International
Don Lee is retiring as CFO and will become a consultant to the Group. Andrew Tam will take on the position from April 2020 onwards
APLF 2020 reschedules to 2021
The organisers of the Asia Pacific Leather Fair (APLF) have announced that the next edition of the events APLF-Leather, Materials+ and Fashion Access will now be held in 2021
Yue Yuen expands revenue
The Hong-Kong headquartered group has recorded revenue of 10 105 million US dollars in 2019, of which 6 000 were generated by the company’s manufacturing business and 4 105 from the retailing business
APLF's 2020 postponed again
The organisers of the Hong Kong trade fairs have already postponed the events in early February. However, since then Covid-19 has spread globally. Further changes to the fair dates were now announced
361 update regarding Coronavirus
The Hong Kong based footwear giant has issued an update regarding the situation caused by the coronavirus. 361 believes that the situation will be under control soon, however financial impacts are expected
APLF postponed to June
Putting the safety of customers and staff as a top priority APLF has postponed the event for the summer. The trade fair organisers have said they will continue to monitor the developments of the Novel Coronavirus
361 announces fourth quarter revenue growth
The Board of the Hong Kong based footwear company has provided operational updates for its business segments referring to the fourth quarter of 2019
Yue Yuen: sales up by 5%
The Hong Kong based footwear manufacturer registered revenue of 7 519.6 million US dollars for the first nine-months of the year, growing by 5%
Most expensive shopping streets revealed
According to a recent study by Cushman & Wakefield commercial leases in Causeway Bay in Hong Kong are the most expensive in the world
Singapore: most competitive economy
Singapore has ranked as the world’s most competitive economy for the first time since 2010, according to the IMD World Competitiveness Rankings, as the United States slipped from the top spot and economic uncertainty took its toll on conditions in Europe
Yue Yuen: profit down by 20.9%
In the first quarter of 2019, total revenue attributable to the Group’s footwear manufacturing activity increased by 6.4%. Production also increased in the period-
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