Luxury brand owner LVMH has reported a solid 15 percent increase in sales in the first half of this year, shrugging off gloomy consumer sentiment in many markets. The parent…
Mercedes-Benz India has announced an increase in prices for select model range in India. With effect from August 2019, select Mercedes-Benz cars will see an upward revision in prices, up…
Technology and e-commerce disruptors such as Google, Alibaba and Apple are considered the biggest threat to banks, followed by payment players and Neo-banks, says Asia’s bankers. In markets where mobile payments have…
U.S. ride-hailing company Uber is launching a freight platform in Germany, taking on local technology startups in a race to grab a share of Europe’s $500 billion trucking market. Germany…
Quick service restaurant KFC announced last week it is investing $1.5 million in a “completely new concept for the fast-food industry” – a first of its kind drive-thru-only restaurant. Located…
Sands Resorts Macao will host the Sands Macao Fashion Week 2019 from October 17 to 23 with a week of fashion shows, exhibitions and promotions. The event, being held for…
Deliveroo’s country manager in Australia, Levi Aron, is leaving the food delivery company after nearly four years at the helm of the business Down Under. Merten Wulfert, managing director of…
Major Philippines lender Union Bank has completed the first-ever blockchain-based remittance in the nation from OCBC in Singapore. The bank reportedly used an Ethereum-powered liquidity management system alongside its own proprietary i2i…
Popeyes Louisiana Kitchen is set to develop and open more than 1500 Popeyes restaurants in Mainland China over the next 10 years. Popeyes China will be the last of Restaurant…
Chinese consumers have been credited with driving a 14.7 per cent rise in Hermes’ sales in the June quarter. While the Sino-US trade war may have been impacting on many…
Men who lavishly invest in fashion and beauty – so-called grooming men -have emerged as new flagship customers for the South Korean retail industry. Those who open their wallets without…
L’Occitane sales plunged by nearly one fifth in Hong Kong and Macau during the June quarter. According to a stock exchange filing, the Hong Kong-listed retailer’s sales in the two…
In the twelve months to March 2019, almost half a million Australians got rid of their credit cards, with the total number of credit cards in the country falling to…
AirAsia India is on an expansion spree. the budget carrier will start operating daily direct flight on the Delhi-Chandigarh route from 1 August onwards. The launch fare on Delhi-Chandigarh route…
SM Group will assume ownership of Manila’s Harrison Plaza complex from the Martel family by next year, most likely refurbishing the seven-hectare property into a new mixed-used development. “The plans…
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