ATLANTA鈥� U.S. discounters, led by Wal-Mart Stores Inc, remained a bright spot in a weak retail industry in August, as shoppers sought back-to-school deals, while department stores and luxury chains disappointed.
The Hongkong and Shanghai Hotels Ltd<0045>, owner and operator of the Peninsula chain of luxury hotels, plans to open The Peninsula Paris hotel in 2012, said CEO and Managing Director King Man Kwok recently.The Peninsula Paris, which will be located on Avenue Kleber, will be HSH's first hotel in Europe....
The Hongkong and Shanghai Hotels Ltd<0045>, owner and operator of the Peninsula chain of luxury hotels, announced Wednesday that in November it will close the hotel at Quail Lodge Resort and Golf Club, which is run by Quail Lodge Inc, a wholly-owned subsidiary.HSH said in a statement published on...
The Hongkong and Shanghai Hotels Ltd<0045>, owner and operator of the Peninsula chain of luxury hotels, announced yesterday that its fully-owned subsidiary, HSH Chicago Inc, bought a 7.5% stake in Peninsula Chicago LLC from Tower Summit LLC.The Hong Kong-listed company paid US$11.7 million in...
The Hongkong and Shanghai Hotels Ltd<0045>, owner and operator of the Peninsula chain of luxury hotels, recently said that it realized HK$462 million in net profit in the first half of this year.The figure reflects a decline of 71.5% from HK$1.62 billion in the same period of last year.Earnings per share were HK$0.32,...
Dalian Wanda Group Co Ltd, a real estate company engaged in business in commercial property, luxury hotels, cultural industries and chain stores, plans to spend over RMB 3 billion to build a mixed-use project named Wanda Plaza in Wuhan, the capital of Hubei Province, sources reported. Wang Jianlin, board...
A Jilin Province-based subsidiary of Dalian Wanda Group Co Ltd, specializing in commercial properties, luxury hotels, cultural industries and chain stores, on May 4 won a bid for a piece of undeveloped land in Changchun City, the capital of Jilin Province, for RMB 110 million, sources reported. The land, located in the...
The Hongkong and Shanghai Hotels Ltd<0045>, owner and operator of the Peninsular chain of luxury hotels, is seeking for HK$1 billion worth of loan, said market sources, Reuters reported.The proceeds from the loan will be used to replenish working capital and conduct refinancing activities.It is estimated...
Dalian Wanda Group Corp Ltd, engaged in the development of commercial properties, luxury hotels, cultural industries and chain stores, obtained a loan of RMB 850 million from Bank of China (BOC)<601988><3988> for two hotels to be built in Sanya City, Hainan Province, sources reported....
ATLANTA, Jan 15 - Department store chain Saks Inc said on Thursday it would cut 9 percent of its workforce, lower capital spending and reduce other costs as demand for luxury goods declines in the...