Accessories makers are beginning to move out of China due to labor costs and quality issues.

The company expects its growth to come organically and from new licenses.

The profits were the company’s highest since it listed on the Hong Kong Stock Exchange in 2010.

Realtors predict the city’s rents will bottom out in the second half.

The Italian fashion brand said is confident that its pricing strategy is the key to its success in a market that is currently challenging for luxury brands.

The number of exhibitors increased by 7 percent and visitor count swelled to more than 60,000 people.

The 1,200-square-foot store on Ice House Street in Central is the latest in a string of openings for the brand across Asia.

The group estimates that about 40,000 merchants will participate in this year’s festival, including luxury brands such as Burberry, Paul Smith, Estee Lauder, L’Oreal and Guerlain.

The Hong Kong-based clothing retailer, which has been restructuring its business and attempting to upgrade its image, posted a full-year net profit. The company said it benefitted from cost-cutting and a positive tax balance.

The French luxury brand has been expanding its Asian network.

Spencer Fung, chief executive officer of the sourcing giant, said: “2016 is one of the toughest trading periods we have ever seen.”

A new study, “Economic Outlook for Asia Pacific,” by Starcom MediaVest Group and YouGov says the key for brands is to act now.

The event at AsiaWorld-Expo hosts three shows under one roof – fashion accessories and footwear, fashion apparel and fabrics, and underwear and swimwear.

The slowdown in China negatively affects turnout and turnover.

Luxury skin-care, cutting-edge and Korean brands rule beauty retail.