Showing 1 - 10 of 16
CMG's fashion empire posts strong growth with sales projected to surpass B10bn this year
Business, Published on 24/08/2023
» Central Marketing Group (CMG), Thailand's market leader in the distribution of more than 40 lifestyle brands under Central Retail Corporation, expects its fashion business sales to exceed 10 billion baht this year.
Kohl's Rejects $9 Billion Takeover Bid, Adopts Poison Pill
Business, Suzanne Kapner, Published on 07/02/2022
» Kohl's Corp. on Friday rejected a $9 billion takeover offer by an activist group for being too low, but said it would review other expressions of interest in the department-store chain.
CGH launches B500m digital asset venture
Business, Nuntawun Polkuamdee, Published on 15/01/2022
» SET-listed Country Group Holdings (CGH) plans to enter the digital asset sector through Pi Ventures, a new subsidiary that plans to invest up to 500 million baht in cryptocurrency projects and digital technology companies.
Tommy Hilfiger Pays $46.25 Million for Palm Beach Mansion
Business, Katherine Clarke, Published on 13/07/2021
» Months after selling their grand Connecticut estate for $45 million, fashion designer Tommy Hilfiger and his wife Dee Ocleppo Hilfiger have snapped up a Palm Beach mansion for $46.25 million, according to three people familiar with the situation.
CAR drops but experts remain calm
Business, Darana Chudasri, Published on 08/06/2021
» The insurance industry's capital adequacy ratio (CAR) fell to just above 250% from about 300% before the pandemic, however, industry experts still believe the situation is under control as many firms were able to accumulate capital during the previous period of economic growth.
CGH agrees to buy 25% stake in Cryptomind
Business, Nuntawun Polkuamdee, Published on 23/04/2021
» Country Group Holdings Plc (CGH) has agreed to buy a 25% stake in Cryptomind Group, a digital asset advisory and investment business, to penetrate that market and offer new forms of investment and finance technologies, says Tommy Taechaubol, chief executive of CGH.
Regulator nails down capital adequacy method
Business, Darana Chudasri, Published on 05/02/2021
» The Office of Insurance Commission (OIC) has approved the revision of its capital adequacy ratio (CAR) calculation method, broadening opportunities for local insurance companies to invest in foreign assets and diversify risks during the pandemic and amid low interest rates.
Investment eyed in lower-grade bonds
Business, Darana Chudasri, Published on 28/01/2021
» The Office of the Insurance Commission (OIC) is poised to allow insurance companies to invest in non-investment grade bonds to seek higher investment returns amid a struggling economy, says a market source who requested anonymity.
PDI continues huge hotel purchases
Business, Nuntawun Polkuamdee, Published on 05/12/2020
» Padaeng Industry (PDI) is set to acquire two luxury hotels in Bangkok worth a combined 5 billion baht in a move to diversify into the hospitality business, as the zinc mining firm projects solar farms are no longer lucrative.
Retailers Cut Back on Choices; ‘We Don’t Need Three Types of Red’
Business, Suzanne Kapner, Published on 23/11/2020
» Coach is cutting its handbag styles by half. Bed Bath & Beyond is reducing its can opener selection by two-thirds. Kohl’s is culling its towel offerings by nearly a fifth.