Content about Economy of Hong Kong

January 30, 2013

Swire Properties and Bal Harbour Shops announced they have agreed to an equity partnership to jointly develop the retail component of Brickell City Centre, currently under construction in the Brickell financial district of downtown Miami.

Miami -- Swire Properties and Bal Harbour Shops announced Wednesday they have agreed to an equity partnership to jointly develop the retail component of Brickell City Centre, currently under construction in the Brickell financial district of downtown Miami.

The 2.9 million-sq.-ft. Brickell City Centre will include 500,000 sq. ft. of high-end retail along with condominiums and hotel slated for completion in latter 2015.
 

September 27, 2012

Esprit Holdings Ltd. reported that net income of the fiscal year ended June 30 surged to $112.6 million, compared with $10.2 million the year before, boosted by one-time writeoffs for store closures.

Hong Kong -- Esprit Holdings Ltd. reported Wednesday that net income of the fiscal year ended June 30 surged to $112.6 million, compared with $10.2 million the year before, boosted by one-time writeoffs for store closures.

Sales dropped 11% to $3.89 billion from $4.35 billion.

August 7, 2012

Esprit Holdings Limited said it has named Jose Manuel Martínez Gutiérrez as its new group CEO and executive director, effective September.

Hong Kong -- Esprit Holdings Limited said Tuesday it has named Jose Manuel Martínez Gutiérrez as its new group CEO and executive director, effective September.

Martinez was previously group director of distribution and operations for Inditex. Prior to that, he was the country manager for the Zara brand across Scandinavia.

He succeeds Ronald Van Der Vis.

July 3, 2012

Swire Properties announced it has broken ground on its Brickell CitiCentre project, a $1.05 billion mixed-use development that is billed as the largest private sector venture of its kind in Miami history.

Miami -- Swire Properties announced it has broken ground on its Brickell CitiCentre project, a $1.05 billion mixed-use development that is billed as the largest private sector venture of its kind in Miami history.

April 17, 2012

Esprit Holdings Ltd. announced that it has hired Thomas Tang, former CFO of blue chip property firm Sino Land Co. Ltd., as its new group CFO.

Hong Kong -- Esprit Holdings Ltd. announced Tuesday that it has hired Thomas Tang, former CFO of blue chip property firm Sino Land Co. Ltd., as its new group CFO.
 
Tang, who has over 30 years of experience in accounting and finance, left Sino Land in late March.

Esprit is in the throes of a major restructuring after its previous CFO resigned. Tang begins his post in May.
 

February 2, 2012

Esprit Holdings said Thursday that it will close all 93 of its stores in North America, after abandoning previously announced plans to sell off the business or find a licensed operator to run the stores.

Hong Kong -- Esprit Holdings said Thursday that it will close all 93 of its stores in North America, after abandoning previously announced plans to sell off the business or find a licensed operator to run the stores.

However, according to an emailed statement by Patrick Lau, head of investor relations and mergers and acquisitions, Esprit plans to find one or more license partners to maintain the brand’s presence in North America.

September 15, 2011

On the heels of a 98% drop in its yearly earnings, Esprit Holdings said it is divesting its North American businesses and exiting three major European markets.

Hong Kong -- On the heels of a 98% drop in its yearly earnings, Esprit Holdings said it is divesting its North American businesses and exiting three major European markets.

The company said it is actively looking for a partner willing to acquire its North American operations, which include 93 stores in the United States.

December 9, 2008

Esprit Holdings Ltd., said Wednesday that Chew Fook Aun will be appointed as executive director...

September 5, 2007

New York City, ...