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Assif Shameen: From Tommy Hilfiger to Michael Kors: The rise and rise of Silas Chou PDF Print E-mail
Written by Assif Shameen   
Monday, 30 January 2012 13:39
IN LATE NOVEMBER, US designer Michael Kors threw a big party for the opening of his first namesake boutique in Singapore at the newly opened Scotts Square. Just days later, Kors, who founded the luxury sportswear, accessories and apparel firm, was performing the opening bell ritual from the narrow marble balcony overlooking the main trading floor of the New York Stock Exchange to herald the successful IPO of his iconic firm. While Kors raked in US$116 million ($145.9 million) as part of the listing, reducing his personal stake in the company from 11.7% to 8.6%, the biggest gainers were its real owners: two middle-aged men who have made billions from taking over fashion firms, turning them around and selling them in IPOs or to private equity investors.
 
Assif Shameen: Is gold Asia’s fatal attraction? PDF Print E-mail

Tags: Tiffany & Co

Written by Assif Shameen   
Tuesday, 10 January 2012 15:09

THE LISTING OF Chow Tai Fook, the world’s biggest jeweller, on the Hong Kong Exchange last month went off with a whimper rather than the thud that many were expecting. Blame the recent correction in gold prices. The company, which runs about 1,500 jewellery shops in China, Hong Kong, Macau and Taiwan, had rea died its IPO that raised US$2 billion when gold prices were surging, but was forced to delay the listing because of market volatility. Though the listing was priced at the absolute bottom of the earlier indicated range, the jewellery chain’s stock has since slid more than 4% below its IPO price.
Last Updated on Monday, 16 January 2012 13:36
 
Assif Shameen: Asia’s turn to roll the dice in 2012 PDF Print E-mail

Tags: Crown Ltd | Las Vegas Sands | MGM Resorts International | Wynn Resorts

Written by Assif Shameen   
Tuesday, 27 December 2011 16:00

IN EARLY JANUARY, when Japan’s lower house of parliament reconvenes, a group of more than 150 MPs on both sides of the aisle will file a motion to introduce a bill that could dramatically reshape the casino industry in Asia. Getting what is essentially a private member’s bill through Japan’s bicameral Diet can be an arduous task, and with the support of at least 241 MPs needed to get any legislation through the lower house, the MPs are still way short of a majority.
Last Updated on Friday, 23 December 2011 16:03
 
Assif Shameen: Ray of hope for Sino-Forest PDF Print E-mail

Tags: Olympus

Written by Assif Shameen   
Tuesday, 13 December 2011 16:23

CANADIAN JUDSON MARTIN, a greying, soft-spoken former accountant at PricewaterhouseCoopers and retired business executive is a likeable guy, but he must have felt like the captain of a passenger liner heading towards an iceberg in his latest role. In late August, Martin was handed a job that few in their right minds would accept. Following the suspension of the beleaguered Toronto-listed, Hong Kong-managed, Chinese timber resources firm Sino-Forest Corp from the Canadian bourse and the resignation of its founder and CEO Allen Chan, Martin, a long-time director of the firm, was asked to temporarily lead the firm while investigators tried to determine whether there were deliberate corporate wrongdoings and if there was anything left to salvage in the company.

Last Updated on Friday, 23 December 2011 16:00
 
Assif Shameen: Bright future for Luxottica’s cool shades PDF Print E-mail

Tags: Bulgari | Burberry | Gianni Versace | LVMH | Polo Ralph Lauren | Prada | Salvatore Ferragamo

Written by Assif Shameen   
Tuesday, 01 November 2011 16:13

MORE THAN TWO decades ago, actor Tom Cruise in the 1980s epic action movie Top Gun popularised Aviator sunglasses. Strategic product placement was a key marketing tool for the sunglasses brand Ray- Ban at the time. Indeed, Cruise had worn Ray- Ban’s Wayfarer sunglasses years earlier in another movie, Risky Business. The two movies apparently helped spark a renaissance of sorts for sunglasses. Outsized sunglasses became a fashion statement of the era. Millions of Ray- Bans were sold years later because everyone wanted to have a Cruise look.

Last Updated on Friday, 09 December 2011 16:23
 
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