Daphne Shares Plunge 13% On Profit Warning As Traditional Retailers Struggle In China

Hong Kong-traded shares in Daphne International, the women’s footwear retailer controlled by the Chen family that ranked No. 43 on the 2013 Forbes Taiwan Rich List, plunged 12.8% on Friday after the company said second-quarter sales dropped at stores at open for at least a year. It also warned that profit for the first half as a whole would [...]