Bloomberg Hong Kong’s retail environment showed further signs of improvement in November, although the recovery may have been short-lived as the city was hit with a fresh wave of virus infections and imposed new restrictions late in the month. The provisional value of total retail sales in November 2020 was HK$28.7 billion ($3.7 billion), down by 4% compared with the ...

Bloomberg The holiday blessing that Tiffany & Co shareholders gave to sell the storied jeweller to LVMH pushes the contentious transaction closer to the finish line, giving billionaire Bernard Arnault the long-sought pathway to expand his global collection of luxury brands. Tiffany will be dropped from the Standard & Poor’s 500 Index now that the deal has been approved, S&P ...

Bloomberg The owner of bubble tea chain Nayuki, also known as Naixue’s Tea in Chinese, has completed a new funding round that values the company at nearly $2 billion, according to people familiar with the matter. Shenzhen Pindao Restaurant Management Co has raised more than $100 million in a series C funding round led by private equity firm PAG, said ...