Hong Kong's King Midas?

Article Abstract:

Hong Kong retailer Dickson Poon has offered $240 million for Barney's Inc, which has been under bankruptcy protection since Jan 1996. The move is considered risky since Poon has no experience with a US department store chain, but Poon asserts that Barney's will serve as the North American outlet in his bid for global distribution of his luxury goods. Poon claims that he can control Barney's using his own strategy and philosophy, and has the capital and the management to help Barney's recover from bankruptcy.

Department Stores, Department Store Chains, Planning, Poon, Dickson

---

Offer to rescue Barney's might not suit Dickson

Article Abstract:

Dickson Concepts International Ltd.'s plan to buy Barney's Inc. may have a short-term adverse effect on the former's profits and share prices. This would arise as a result of the additional cash that Dickson would have to borrow to save Barney's from bankruptcy and the time involved in restructuring the company. The prospects look brighter in the long term as the acquisition would fit with Dickson's line, which is high-end retailing through department stores.

Retail Stores, Retail industry

---

Dickson in Brooks Brothers exclusive franchise deal

Article Abstract:

Dickson Concepts (International) Ltd. of Hong Kong, as part of an expansion plan, announced its intention to operate Brooks Brothers apparel outlets in Southeast Asia. The announcement of Dickson's plan came three days after the company agreed to take over the Barney's Inc. retail chain. According to Chairman Dickson Poon, the company is expected to remain financially solvent despite its expansion moves.

Family clothing stores, Management, Southeast Asia, Clothing stores, Brooks Brothers Inc.

Similar abstracts:

• Abstracts: Hong Kong's market is still seen as tops. Asian-bond watchers foresee further gains this year. Foreign interest in blue-chip shares could boost Indian market, analysts say
• Abstracts: UK Laing wins Chiltern Rail. UK transfers LTS rail franchise again. UK sells off first three rail franchises
• Abstracts: Hong Kong sisters with differing views: one reveres Martin Lee while the other fosters affinity for Beijing. Mainlanders find success, alienation in Hong Kong
• Abstracts: News in pictures: Paternoster Square. Musical reprise
• Abstracts: Kuala Lumpur hopes loan boosts credit image; deal carries lower interest rate than other local sovereign-risk debt trading globally

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.