Upwardly mobile: Hong Kong escalator enlivens district

Article Abstract:

The Central Mid-Levels Escalator of Hong Kong, the world's longest at 800 meters, was instrumental in the transformation that happened to the city's restaurant district. Originally envisioned to lure Hong Kong's executives away from the use of their cars, the neighborhood surrounding the escalator has instead evolved into a network of shops and bistros. While the automated staircase failed on its mission of decongesting Hong Kong's streets, it has helped generate business for the adjacent areas.

General services, Elevator and Moving Stairway Manufacturing, Escalators & Moving Walkways, Economic aspects, Buildings and facilities, Escalators, Staircases

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Esquel vaunts of thorough high-quality control: manufacturer of textiles, apparel embraces increasingly unpopular business strategy

Article Abstract:

Hong Kong-based clothing company Esquel Enterprises Ltd implements vertical integration in the management of its operations. The company directly supervises all aspects of its production from the growing of raw materials such as cotton to the distribution of its finished products to retail stores in mainland China. The company management decided to delve into vertical integration, not as a cost cutting measure, but to monitor and control the quality of its products.

Production management, Apparel & Related Products, Apparel Manufacturing, Clothing industry, Esquel Enterprises Ltd.

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Investor in California Fitness plans for growth in region

Article Abstract:

American investment firm McCown De Leeuw and Co is acquiring 78% of shares at Hong Kong-based Ray Wilson California Fitness Centers which will cost $41.5 million. McCown also promises to expand the fitness center in nearby areas and plans to build at least 200 branches around Asia. The deal came in a combined cash and security account. According to McCown's Managing Director David E. King, the deal was pursued due to the vast growth opportunities in the region.

Asset sales & divestitures, Physical fitness facilities, Health Clubs & Spas, Fitness and Recreational Sports Centers, Mergers, acquisitions and divestments, Health clubs, Ray Wilson California Fitness Centers

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