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Xtep opens flagship outlet in Hong Kong

Business | Light industry
2009-11-17

CHINESE mainland-based Xtep International Holdings Limited, a growing sportswear brand, inaugurated its first flagship store for Disney Sport products in Hong Kong yesterday. Ding Shui Po, company chairman and...

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Henkel Q3 net income up 70% but sales drop

Business | Light industry
2009-11-12

GERMAN consumer goods company Henkel AG said yesterday its third-quarter net income rose 70 percent due to effects including charges in the year-ago period, but sales fell at some divisions as the downturn affected...

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Economic downturn takes toll on Puma

Business | Light industry
2009-11-10

GERMAN sportswear company Puma AG said yesterday its net income fell 24 percent in the third quarter due to a drop in sales, especially for footwear and in its American markets. Puma, based in Herzogenaurach, said...

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LL Bean Inc Plans to double presence in China

Business | Light industry
2009-10-24

LL Bean Inc, United States-based private outdoor equipment and apparel maker, plans to double its presence in China to tap the emerging outdoor equipment market. LL Bean aims to add 20 more stores by the end of...

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Anta Sports Products Ltd Shareholders sell shares

Business | Light industry
2009-10-24

ANTA Sports Products Ltd shareholders are selling up to US$103 million worth of shares at a discount of 5.8 percent to 7.8 percent to its closing price yesterday, according to a document. They are selling 80 million...

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Li & Fung expands overseas with deal

Business | Light industry
2009-10-20

HONG Kong-based consumer goods exporter Li & Fung yesterday said it will pay up to US$402 million to buy a United States young men's and children's apparel business, as part of its effort to expand overseas. Li...

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Guangdong toy exports reach high record

Business | Light industry
2009-10-17

TOY exports in south China's Guangdong Province, a key global toy production base, climbed last month to a monthly high this year, local customs said yesterday. The toy shipments stood at US$780 million, a 16.5-percent...

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Union seeks duties on imports of Chinese paper

Business | Light industry
2009-9-26

THE United Steelworkers in the United States has filed a petition asking for anti-dumping and anti-subsidy duties on Chinese and Indonesian paper products. This follows the union's success in persuading President...

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Unilever to mop up Sara Lee's personal body care business

Business | Light industry
2009-9-26

CONSUMER products giant Unilever NV said yesterday that it had agreed to buy soaps and personal care businesses including the Sanex and Duschdas brands from Sara Lee Corp for 1.28 billion euros (US$1.88 billion). ...

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Henkel's future smelling sweeter

Business | Light industry
2009-9-26

HENKEL China says its cosmetics and toiletries sector will keep double-digit growth this year, and China is expected to be its biggest market in Asia within three years. Henkel plans to turn its focus to growing...

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Skin-care firms target men's market

Business | Light industry
2009-9-24

JAPAN'S Kao Corp introduced a new line of skin-care products for men this month, hoping to overcome the male view that using cosmetics is a woman thing. The Men's Biore brand has added a new facial wash, milk...

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Indications of recovery in global toy industry

Business | Light industry
2009-9-21

GUANGDONG Province in south China is the barometer of the global toy industry as it is the world's largest base for toy production and exports. There are signs toy producers are recovering from the downturn at...

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Clocking in at HK fair at the right time

Business | Light industry
2009-9-3

THE 28th Hong Kong Watch and Clock Fair, the largest trade show of its kind in the world, opened in Hong Kong yesterday. The fair, expected to run till Sunday, showcased more than 700 exhibitors from 17 countries...

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Paper maker Stora Enso to lay off up to 1,100

Business | Light industry
2009-8-19

STORA Enso Oyj said today it will lay off up to 1,100 workers, cut production and close mills in Finland as the Nordic paper maker continues to struggle with dwindling revenue. The announcement came four weeks...

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Big profits built from Lego brick

Business | Light industry
2009-8-18

DANISH toy maker Lego said yesterday that six-month net profit nearly doubled to 927 million kroner (US$177 million) on strong sales of its best-selling products. Last year, Lego Group's profit for the period...