The Gloria Hotel Group (華泰大飯店集團) yesterday said that a new wing of its Gloria Outlets (華泰名品城) shopping mall is to start operations next month, which should help the company achieve its target of attracting about 8 million visitors per year.
Gloria began building the extension after the outlet in Taoyuan opened in December last year.
This allowed the firm to expand the size of the outlet from 50 hectares to 93 hectares.
“We plan to attract more customers by adding 65 tenants,” Gloria president Sophia Liang (梁曙凡) told a news conference in Taipei.
In addition to international luxury brands, the mall is to introduce home appliance and kitchenware brands by the end of this year in a bid to broaden its customer base.
New brand-name tenants range from fashion retailers Paul Smith and Moschino to appliance labels such as LG and Tefal, information provided by the company showed.
The firm has set a sales target of nearly NT$7 billion (US$221.77 million) for the outlet next year.
It said the outlet — which is near the Taoyuan high-speed railway station — has reached more than 90 percent of its sales goal of NT$4 billion for this year.
The firm is working on a further expansion of the outlet, which it expects to begin operations in 2019.
Taichung-based Lihpao Land (麗寶樂園) last week also announced that its mall is to begin operations on Dec. 24.
Lihpao said it has invested NT$2 billion in the center, which covers an area of nearly 200 hectares and has more than 120 tenants.
Nissan Motor Co has agreed to sell its global headquarters in Yokohama for ￥97 billion (US$630 million) to a group sponsored by Taiwanese autoparts maker Minth Group (敏實集團), as the struggling automaker seeks to shore up its financial position. The acquisition is led by a special purchase company managed by KJR Management Ltd, a Japanese real-estate unit of private equity giant KKR & Co, people familiar with the matter said. KJR said it would act as asset manager together with Mizuho Real Estate Management Co. Nissan is undergoing a broad cost-cutting campaign by eliminating jobs and shuttering plants as it grapples
PERSISTENT RUMORS: Nvidia’s CEO said the firm is not in talks to sell AI chips to China, but he would welcome a change in US policy barring the activity Nvidia Corp CEO Jensen Huang (黃仁勳) said his company is not in discussions to sell its Blackwell artificial intelligence (AI) chips to Chinese firms, waving off speculation it is trying to engineer a return to the world’s largest semiconductor market. Huang, who arrived in Taiwan yesterday ahead of meetings with longtime partner Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), took the opportunity to clarify recent comments about the US-China AI race. The Nvidia head caused a stir in an interview this week with the Financial Times, in which he was quoted as saying “China will win” the AI race. Huang yesterday said
TEMPORARY TRUCE: China has made concessions to ease rare earth trade controls, among others, while Washington holds fire on a 100% tariff on all Chinese goods China is effectively suspending implementation of additional export controls on rare earth metals and terminating investigations targeting US companies in the semiconductor supply chain, the White House announced. The White House on Saturday issued a fact sheet outlining some details of the trade pact agreed to earlier in the week by US President Donald Trump and Chinese President Xi Jinping (習近平) that aimed to ease tensions between the world’s two largest economies. Under the deal, China is to issue general licenses valid for exports of rare earths, gallium, germanium, antimony and graphite “for the benefit of US end users and their suppliers
Dutch chipmaker Nexperia BV’s China unit yesterday said that it had established sufficient inventories of finished goods and works-in-progress, and that its supply chain remained secure and stable after its parent halted wafer supplies. The Dutch company suspended supplies of wafers to its Chinese assembly plant a week ago, calling it “a direct consequence of the local management’s recent failure to comply with the agreed contractual payment terms,” Reuters reported on Friday last week. Its China unit called Nexperia’s suspension “unilateral” and “extremely irresponsible,” adding that the Dutch parent’s claim about contractual payment was “misleading and highly deceptive,” according to a statement
RSS