The News In Brief
Splurging by the Wealthy Is Polarising Japan’s Retail Stocks
The top three operators by market capitalisation, Isetan Mitsukoshi Holdings Ltd., Takashimaya Co. and J. Front Retailing Co., which operates the Daimaru and Matsuzakaya chains, rose by 55 percent on average in the past year, outperforming the broader Topix’s 18 percent.
Splurging by the Wealthy Is Polarising Japan’s Retail Stocks
The top three operators by market capitalisation, Isetan Mitsukoshi Holdings Ltd., Takashimaya Co. and J. Front Retailing Co., which operates the Daimaru and Matsuzakaya chains, rose by 55 percent on average in the past year, outperforming the broader Topix’s 18 percent.
Prada to Open 8,000-Square-Foot Hong Kong Store After Years of Downsizing
The two-floor space will be the company’s first major new store in Hong Kong in years.
Bernard Arnault Confirms He Owns ‘Very Minor Stake’ in Richemont
News of the shareholding triggered questions around his intentions for the investment in the group which maintains a strong defense against unwanted suitors.
Sneaker Brand On Arrives at Olympics Reveling in Role of Upstart
A cohort of 66 athletes are using the Zurich-based company’s gear, competing in 18 disciplines across track and field, triathlon, marathon and tennis.
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