BANGKOK - Thailand's government is up in arms over a tweet by pop sensation Lady Gaga about buying a fake designer watch in a Bangkok street market and has complained to the United States. Photo: ladygaga.comBangkok's sprawling outdoor markets and some of its big shopping malls are widely known for selling near-perfect replicas of famous luxury brands, often imported from China. Even so, Gaga's May 23 tweet, two days ahead of a sellout concert in Bangkok, struck a raw nerve with some Thais who
06/01/2012
Wal-Mart probe not seen hurting foreign growth
Wal-Mart Stores Inc does not expect ongoing investigations into possible foreign bribery to impact new store growth internationally, Walmart International CEO Doug McMillon said on Thursday. Photo: Wal-MartThe world's largest retailer has been under fire from shareholders and activists after the New York Times reported in April that management at Wal-Mart de Mexico, or Walmex, allegedly orchestrated bribes of $24 million to help it grow quickly in the last decade and that Wal-Mart's top brass
Jeweller Graff postpones $1 billion Hong Kong IPO
HONG KONG - High-end London-based jeweller Graff Diamonds said Thursday it has decided to delay its $1.0 billion initial public offering in Hong Kong next month due to "adverse market conditions". The Graff Diamonds boutique in Taipei / Photo: Graff DiamondsThe share sale, which would have been one of the biggest IPOs this year, is the latest deal to be pulled in the Asian financial hub in recent weeks amid concerns over the eurozone crisis which has hurt market sentiment."Graff Diamonds
Google unveils big changes to shopping business
SAN FRANCISCO - Google Inc unveiled major changes to its shopping business on Thursday that will likely prove controversial in the e-commerce world. Google's current Product Search pageStarting in the fall, product search results for users in the United States will be influenced by how much retailers and advertisers pay, a company executive said. In the past, product search results were based mainly on relevance and the program was free. Google, the world's most popular Internet search engine,
Puma CEO eyes soccer over Bolt in 2012 sales race
LONDON - German sportswear company Puma is banking more on soccer than Usain Bolt to help it to weather the European economic storms in a bumper summer of sport, CEO Franz Koch said on Thursday. Usain Bolt runs in Puma / Photo: Erik van LeeuwenPuma, the world's number three sports apparel firm, has made a sluggish start to the year and is exposed to the fallout from the euro zone debt crisis in its largest region. Its rival Adidas has an exclusive marketing deal for the London Olympics, which
Fourth annual Mango Fashion Award presented to Wisharawish Akarasantisook of Thailand
Mango finally revealed this Wednesday the winner of the fourth edition of its prize for young designers. This year the winner of the competition, who takes away a prize of 300,000 euros, is from Thailand and a graduate of the Institut Français de la Mode. At 30 years old, Wisharawish Akarasantisook has already made a name for himself by winning several other similar competitions: in 2008, he won the New Designer prize awarded by Japanese group Onward (Jil Sander, Joseph) and the same year also
Nike to sell Cole Haan, Umbro
Nike Inc plans to sell its Cole Haan and Umbro brands to focus on its core namesake, Jordan, Converse and Hurley brands, the company said on Thursday. Photo: NikeThe process will begin immediately and be complete by the end of May 2013, Nike said. In April, smaller rival German sportswear group Adidas said it plans to slash the number of products it offers by one-quarter to improve profitability. Beaverton, Oregon-based Nike is the top sportswear company in the world, and anticipates high
Talbots says Sycamore walks away from offer
Women's apparel retailer Talbots Inc said Sycamore Partners, with which it had been in exclusive talks for a buyout, was not prepared to execute a deal at this time. Shares of the company plunged 23 percent in premarket trading to $1.97. They closed at $2.56 on Thursday on the New York Stock Exchange. Talbots said it remains open to pursuing a transaction with Sycamore at $3.05 per share, if the private equity firm can provide certainty over closing the deal and financing commitments. The offer
05/30/2012
All my films are entertaining: Dibakar Banerjee
Dibakar Banerjee may like to tackle social problems in his film but the director, who is gearing up for the release of his political thriller 'Shanghai', says he will never compromise with the entertainment quotient in his movies. Dibakar, 41, says he is happy that his films 'Khosla Ka Ghosla', 'Oye Lucky Lucky Oye', 'Love Sex aur Dhokha' offered different stories without wavering from their socio-political themes. He promises to bring another edge-of-the-seat thriller with 'Shanghai', starring
Asha Bhosle to co-judge 'Indian Idol'
Legendary singer Asha Bhosle will be one of the judges on the popular singing reality show 'Indian Idol' which begins next month. There had been a lot of speculation over who would join existing judges of the sixth season of the show, Anu Malik, Salim Merchant and Sunidhi Chauhan. Now it has been confirmed that the 78-year-old playback singer would be the fourth judge for the new edition. ?I am very happy to be part of this show. I really like this show as it provides platform for budding
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