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Hong Kong’s New World confirms loan facility talks with Deutsche Bank

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Hong Kong’s New World confirms loan facility talks with Deutsche Bank


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Reuters

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September 1, 2025

Hong Kong property developer New World Development confirmed on Monday it is in discussions about a loan facility led by Deutsche Bank AG, but denied receiving any other funding proposals.

Reuters

However, the firm did not reveal any other financial details about the loan facility being discussed with Deutsche, Germany’s largest lender.

Bloomberg News reported earlier, citing unnamed sources, that Hong Kong tycoon Henry Cheng’s family, also the firm’s controlling shareholder, was weighing a HK$10-billion ($1.28-billion) capital injection through a joint venture.

The report said the family was seeking a partner to provide a roughly similar amount for an equity stake, with Blackstone and CapitaLand among those in talks.

New World, which carries one of the highest debt ratios among its peers, secured an $11.2-billion loan refinancing package in late June, one of the largest yet in Hong Kong, designed to bring the company back from the brink of default.

Shares and bonds of the property developer had surged on August 7 after a media report on a potential take-private deal.

© Thomson Reuters 2025 All rights reserved.



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Dutch inflation slips to 2.8% in December 2025

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Dutch inflation slips to 2.8% in December 2025



Consumer goods and services in the Netherlands were 2.8 per cent more expensive in December 2025 than a year earlier, according to Statistics Netherlands (CBS). This marked a marginal cooling from November’s 2.9 per cent year-on-year (YoY) reading. On a month-on-month basis, consumer prices remained virtually unchanged compared with November.

With the December data now finalised, average consumer price inflation for the whole of 2025 stood at 3.3 per cent compared with 2024, CBS said in a release.

Under the Harmonised Index of Consumer Prices (HICP), Dutch inflation eased to 2.5 per cent in December from 2.6 per cent in November. By contrast, inflation across the euro area declined from 2.1 per cent to 2 per cent, helped by lower energy prices.

Consumer inflation in the Netherlands has eased slightly to 2.8 per cent in December 2025, down from 2.9 per cent in November, according to Statistics Netherlands (CBS).
Prices were broadly stable month on month (MoM).
Average inflation for full-year 2025 came in at 3.3 per cent, while euro area inflation slowed to 2 per cent.

Fibre2Fashion News Desk (HU)



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Germany’s Hugo Boss reshapes structure with menswear, womenswear units

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Germany’s Hugo Boss reshapes structure with menswear, womenswear units



HUGO BOSS is establishing a new organizational structure with two dedicated powerhouses for menswear and womenswear. The new setup is designed to ensure gender-specific expertise across all brand and product areas, unlock synergies, and drive efficiency and collaboration between the two brands, BOSS and HUGO. It thereby supports the company’s CLAIM 5 TOUCHDOWN strategy introduced in December and lays the foundation for future growth, especially in the womenswear area.

As part of this transformation, Kerstin Dorst will assume the newly created role of Senior Vice President Business Unit Womenswear as of January 15, reporting into HUGO BOSS Chief Sales Officer and Deputy CEO Oliver Timm. Dorst joins HUGO BOSS from Tory Burch, where she spent more than 10 years in New York and played a key role in growing the brand’s main collection and sportswear. Prior to Tory Burch, she worked at Adidas for over five years in Germany and Asia, contributing to the launch of the brand’s SLVR premium sportswear line, among others. In her new role, Dorst will also oversee the creative direction for womenswear collections, working closely with Marco Falcioni, HUGO BOSS Creative Director.

Hugo Boss is introducing separate menswear and womenswear business units to strengthen gender-specific expertise, unlock synergies and support its CLAIM 5 TOUCHDOWN growth strategy.
Kerstin Dorst will join as SVP Business Unit Womenswear from January 15, reporting to Oliver Timm, while Christian Schwinn continues to lead menswear across Boss and Hugo.

“With the new organizational structure, we are reshaping our business units to strengthen our focus on womenswear and lay the foundation for future growth. The new set-up will enable us to address gender-specific preferences even better and to deliver collections with a true customer centric approach in both areas in the future,” said Oliver Timm, Chief Sales Officer and Deputy CEO of HUGO BOSS. “In this context, I am pleased to welcome Kerstin Dorst in the newly created role for womenswear. Her extensive international experience and profound expertise will play a key role in taking our womenswear business to the next level in the years to come.”

The BOSS Menswear business will continue to be led by Christian Schwinn, who will additionally take on responsibility for HUGO Menswear as Senior Vice President Business Unit Menswear.

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (RM)



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North India cotton yarn trade slows amid US tariff uncertainty

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North India cotton yarn trade slows amid US tariff uncertainty



In the Ludhiana market, cotton yarn prices were broadly stable, with spinning mills maintaining their selling rates due to advance export sales bookings. A Ludhiana-based trader told Fibre*Fashion, “The cotton yarn market has become highly sensitive to US tariff-related developments. After earlier threats of *** per cent US tariffs, the recent announcement of a ** per cent tariff on Iran’s trading partners has triggered fresh concerns. Buyers have turned extremely cautious and are restricting purchases to immediate requirements only.”

In Ludhiana, ** count cotton combed yarn was sold at ****;****** (~$*.***.**) per kg (inclusive of GST); ** and ** count combed yarn were traded at ****;****** (~$*.***.**) per kg and ****;****** (~$*.***.**) per kg, respectively; and carded yarn of ** count was noted at ****;****** (~$*.***.**) per kg today, according to trade sources.



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