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China boosts Uniqlo parent

China boosts Uniqlo parent

Mei Ling Tan July 31, 2019
Uniqlo owner Fast Retailing’s healthy online sales and strong performance in overseas markets, particularly in China, have helped boost its third quarter results. The Japanese retailer said its online sales…
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Everstone to sell Burger King India franchise

Everstone to sell Burger King India franchise

Mei Ling Tan July 31, 2019
Singapore-based private equity firm Everstone plans to sell its Burger King India franchise. The firm is reportedly in advanced discussions with Rahul Bhatia-controlled InterGlobe group to sell the franchise a…
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China·Chengdu Panda Cafe opens in Naples

China·Chengdu Panda Cafe opens in Naples

Mei Ling Tan July 31, 2019
China·Chengdu Panda Cafe, a coffee house featuring panda elements, officially debuted in Naples, Italy last weekend. The cafe, presents Chengdu-themed performances to guests, quickly attracted local customers curious to try…
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Tea chain Ten Ren Vietnam to close down

Tea chain Ten Ren Vietnam to close down

Mei Ling Tan July 31, 2019
Ten Ren Vietnam will close all of its 23 stores on August 15, local franchise holder Vietnam Coffee Trading Service has announced. The company, whose main business is the fast-growing…
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Thai bank invests in Go-Jek to take on Grab

Thai bank invests in Go-Jek to take on Grab

Mei Ling Tan July 31, 2019
Siam Commercial Bank has made a “significant investment” in Indonesian ride-hailing app Go-Jek. Go-Jek, which has an estimated valuation of around US$10 billion, will be offering financial services in partnership…
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Nexstgo to open 50 stores in India

Nexstgo to open 50 stores in India

Mei Ling Tan July 31, 2019
Hong Kong electronics producer Nexstgo is launching 50 stores in India. The brand entered the market last year selling Avita and Nexstgo-branded computers online and through retail stores in Delhi,…
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