The amount of dollar-denominated bonds issued by companies in Asia is growing almost 10 times faster than the global corporate debt market, raising concern that investors are lowering their standards as they seek to take advantage of the region’s relatively high yields.
Paul Smith Ltd., the British fashion label worn by celebrities David Beckham, George Clooney and Jude Law, is planning a flagship store in Shanghai to enter mainland China as the clothing market surges.
Returns Invested in Children and Education, the charity set up by Asia’s hedge-fund industry, is stepping up efforts to raise money for minors, including the sick in Cambodia and those growing up in India’s brothels.
Luxottica Group SpA, the world’s largest maker of eyeglasses, got off to a “positive” start in 2013 and may make more acquisitions this year, Chief Executive Officer Andrea Guerra said in an interview.
Store openings of big luxury brands are typically glitzy events reserved for celebrities and press. When Valentino, the Italian maker of cocktail dresses, A-line skirts and $445 espadrilles, opens its next boutique in New York, the company plans to invite regular people to rub elbows with the stars -- if they’re willing to pay for the experience.