HSBC news and archive

HSBC Luxe Avenue launches on Tata CLiQ Luxury

HSBC Luxe Avenue, an exclusive online boutique on the Tata CLiQ Luxury platform will offer a curated selection of luxury brands across categories like fashion, beauty, and home. The collaboration is designed to provide special benefits to HSBC Premier Credit and Debit Card holders, as well as HSBC Taj Credit Card holders. These benefits include...

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Footasylum secures 35 million pound funding to support growth plans

Footwear retailer Footasylum has announced that it has secured a 35 million pound Revolving Credit Facility (RCF) from banking firm HSBC UK which it will use to help accelerate its growth plans across the UK and international markets. The retailer, which was acquired by investor Aurelius in August 2022, revealed that the RCF funding package...

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PVH links with HSBC on supply chain finance programme

PVH Corp, the parent company of Calvin Klein and Tommy Hilfiger, has announced a new partnership with HSBC Bank USA, which will see the duo collaborate on a sustainable supply chain finance programme. The partnership will provide PVH suppliers with access to funding based on a series of environmental targets, as well as social elements such as a...

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Formalwear retailer Threadology receives seven-figure funding

Formalwear retailer and supplier Threadology has revealed that it has received a seven-figure import trade finance loan from banking firm, HSBC UK. It comes as the London-based company plans to scale up operations following an increase in demand, in line with the return of weddings and formal events. The funding will enable the company, which...

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HSBC predicts luxury market to slow down in 2019

International bank HSBC forecasts growth in the luxury sector to slow down from 9 percent in 2018 to 6 percent in 2019. But that isn't necessarily bad news. In a report titled Expecting the Unexpected, shared by email with FashionUnited, the bank said the main reason why it believes the sector is likely to slow down is because it has been...

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Cashmere brand Hawico targets international expansion

Scottish luxury cashmere brand, Hawico is pushing forward with its international retail expansion and brand development plans after securing a seven-figure funding package from HSBC UK. The Hawick-based family-owned manufacturing and retail company, which currently sells its designs in namesake stores across the globe, and is stocked in luxury...

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Gini & Jony approaches HSBC, Barclays to repay loans

The Bombay High Court has adjourned the case between Mumbai - based kids’ apparel retailer Gini & Jony and its lenders including HSBC and Barclays Plc will be heard on July 20, 2012. Earlier, the firm had agreed to repay Rs 17 crores dues to the HSBC and also declared that it is in talks with other lenders including Barclays to repay the loans....