Galleria Archives - Inside Retail Singapore
A Hong Kong property windfall and the Hermes Asia business helped the luxury label set a record profit margin during the first half of this year.
Hermes Asia sales grew 11.3 per cent last year toUS$2.4 billion as the luxury retailer set a new record for gross retail margin.
Through subsidiary CapitaLand Mall Asia, CapitaLand is accelerating its retail expansion in China via management partnerships.
CapitaLand Retail China has grown its net property income for its fourth quarter by 6.5 per cent.