The Consumers' Foundation (
"The foundation will not take back its application until Eleeza Cosmetics changes the Alexander brand name, or else promises to acknowledge all existing members' rights," foundation chairman Cheng Jen-hung (程仁宏) said yesterday.
The company would also have to give consumers the option of either continuing to use their services or asking for refunds, he said.
Taipei-based Eleeza Cosmetics (
The foundation urged the new buyer to acknowledge the rights of existing members if the company were to continue using the Alexander brand name, as consumers will have to continue their credit card payments once one of Alexander's outlets reopens under the existing brand name.
Hsieh Tien-jen (謝天仁), the foundation's vice chairman, said the decision to file for bankruptcy was prompted by the Youth Camp Health Group (佳姿健康集團) incident two years ago.
Youth Camp Health Group, which announced the temporary closure of its operations in June 2005, reopened only one outlet on Nanjing W Road in Taipei later that year, forcing all members, even those who could not travel to the outlet, to continue making credit card payments, Hsieh said.
"Our goal is to prevent the same problem from happening again," he said.
Financial Supervisory Commission said yesterday that Alexander was involved in nearly 10,000 credit card charges disputes with its clients as of Jan. 7, amounting to NT$310 million (US$9.54 million).
Macronix International Co (旺宏), the world’s biggest NOR flash memory supplier, yesterday said it would spend NT$22 billion (US$699.1 million) on capacity expansion this year to increase its production of mid-to-low-density memory chips as the world’s major memorychip suppliers are phasing out the market. The company said its planned capital expenditures are about 11 times higher than the NT$1.8 billion it spent on new facilities and equipment last year. A majority of this year’s outlay would be allocated to step up capacity of multi-level cell (MLC) NAND flash memory chips, which are used in embedded multimedia cards (eMMC), a managed
CULPRITS: Factors that affected the slip included falling global crude oil prices, wait-and-see consumer attitudes due to US tariffs and a different Lunar New Year holiday schedule Taiwan’s retail sales ended a nine-year growth streak last year, slipping 0.2 percent from a year earlier as uncertainty over US tariff policies affected demand for durable goods, data released on Friday by the Ministry of Economic Affairs showed. Last year’s retail sales totaled NT$4.84 trillion (US$153.27 billion), down about NT$9.5 billion, or 0.2 percent, from 2024. Despite the decline, the figure was still the second-highest annual sales total on record. Ministry statistics department deputy head Chen Yu-fang (陳玉芳) said sales of cars, motorcycles and related products, which accounted for 17.4 percent of total retail rales last year, fell NT$68.1 billion, or
In the wake of strong global demand for AI applications, Taiwan’s export-oriented economy accelerated with the composite index of economic indicators flashing the first “red” light in December for one year, indicating the economy is in booming mode, the National Development Council (NDC) said yesterday. Moreover, the index of leading indicators, which gauges the potential state of the economy over the next six months, also moved higher in December amid growing optimism over the outlook, the NDC said. In December, the index of economic indicators rose one point from a month earlier to 38, at the lower end of the “red” light.
In Italy’s storied gold-making hubs, jewelers are reworking their designs to trim gold content as they race to blunt the effect of record prices and appeal to shoppers watching their budgets. Gold prices hit a record high on Thursday, surging near US$5,600 an ounce, more than double a year ago as geopolitical concerns and jitters over trade pushed investors toward the safe-haven asset. The rally is putting undue pressure on small artisans as they face mounting demands from customers, including international brands, to produce cheaper items, from signature pieces to wedding rings, according to interviews with four independent jewelers in Italy’s main
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