Author: Retail Asia

Retail Asia27/09/2021
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2min0
Huawei’s chief financial officer Meng Wanzhou has been released by Canadian courts and flew home to China last week after reaching an agreement with U.S. prosecutors to end their bank fraud case against her. Last Friday, Meng, who is also the elder daughter of Huawei founder Ren Zhengfei, and the U.S. Justice Department reached a […]

Retail Asia24/09/2021
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2min0
Italian coffee chain Lavazza is set to increase its store network in China to 1000 by 2025 through scaling up its existing joint venture with fast-food operator Yum China. The joint venture –in which Yum will be Lavazza’s exclusive distributor in Mainland China, will also receive an initial US$200 million funding from both companies for […]

Retail Asia24/09/2021
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2min0
Hong Kong-listed apparel brand Esprit has appointed an experienced lawyer as its new COO to help continue to drive the brand’s renaissance. After four years of rolling losses exceeding US$1 billion, Esprit issued a shock profit warning last month projecting its first half year in the black since 2017. It lost US$503 million in the […]

Retail Asia24/09/2021
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3min0
The tech-enabled coffee chain, Flash Coffee, is accelerating its Asian expansion plan, making its Hong Kong debut this month and committing to opening its first stores in Japan and South Korea later this year. Launched last year, Flash Coffee already operates more than 100 locations across Indonesia, Thailand, Singapore, Taiwan and Hong Kong. The chain […]

Retail Asia24/09/2021
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3min0
Finnish plant-based food company Gold & Green joins the ranks of businesses offering alt-meat in Australia with the launch of Pulled Oats, an oat-based plant protein. As consumers become more aware of their food sources, the market for plant-based protein is rapidly increasing. In the past year alone, Australia’s plant-based meat sector retail sales increased […]

Retail Asia24/09/2021
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3min0
The supermarket has come in second in the world for its sustainability efforts. Coles was ranked based on its governance, environment, nutrition, and social inclusion practices, beating out of 350 of the world’s ‘most influential food retailers. Furthermore, Coles has ranked tenth in the world in the food and average manufacturing and processors category. The […]

Retail Asia24/09/2021
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2min0
The digital assets derivatives exchange has moved its headquarters to Nassau, the Bahamas, citing friendlier regulation and no mandatory quarantine upon arrival in-country. The company’s chief executive officer, 29-year-old billionaire Sam Bankman-Fried told industry publication Blockworks that the proactive stance taken by The Bahamas and its regulatory bodies on cryptocurrencies» is one of the primary reasons […]

Retail Asia23/09/2021
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4min0
AirAsia Group Bhd is accelerating its digitalization by emphasizing new technologies and focusing on driving innovation across its entire portfolio of companies. The carrier’s engineering arm Asia Digital Engineering (ADE), ground handling division Ground Team Red (GTR) and logistics venture Teleport, are set to soar to new heights through digitization and data. “A silver lining […]

Retail Asia23/09/2021
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4min0
Infinera announced that Globe Telecom, Inc. (Globe), a major provider of telecom services in the Philippines, deployed Infinera’s Auto-Lambda solution, featuring autotuneable optics, to upgrade its existing 4G access and aggregation networks and in anticipation of providing future 5G services. By upgrading its access network with Infinera’s autotuneable optics technology, Globe can deliver more capacity on […]

Retail Asia23/09/2021
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2min0
The company will be adding over 50 new hires in Singapore across engineering and product development by 2022. YouTrip has announced plans to grow its technology capabilities and product development to capture the rise of the multi-currency payments landscape. The Singapore-headquartered company will be establishing an innovation lab in the country to drive the development of a new suite of multi-currency products and […]

Retail Asia23/09/2021
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6min0
Inmarsat announced the launch of its innovative new OneFi customer experience platform (CXP) for airlines. The first-of-its-kind solution will serve as a catalyst to monetise inflight connectivity by bringing a host of onboard services together within a single portal interface, which passengers can easily access using their own personal devices. OneFi delivers a rich airline-branded […]


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