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KFC aims to have 500 outlets by year end

American quick-service restaurant (QSR) brand KFC plans to become the largest QSR chain in the country and expects to have

Uniqlo under fire for buying supplies from unsafe factories

Japanese clothing giant Uniqlo came under fire yesterday for buying supplies from Chinese factories accused of putting workers at risk

External investors to finance Wanda Plazas

China’s Dalian Wanda Commercial Properties Co said on Wednesday four investors have agreed to contribute CNY24 billion yuan (USD3.9 billion)

Citizen Card to facilitate online shopping in Myanmar

A citizen card launched by payment services provider 2C2P and Myanmar Citizens Bank is expected to support e-commerce in Myanmar.

Richemont Group reports declining sales in Asia-Pacific

World’s second largest luxury conglomerate, Swiss based Richemont Group reports flat sales at constant exchange rates (sales increased at 4

Microsoft partners with Alibaba to enhance IP protection for its products

An agreement between Microsoft (China) and Alibaba Group Holding Limited (Alibaba Group) is expected to enhance the protection of Microsoft’s

Burberry warns fall in HK sales could impact its full-year margin

British luxury brand Burberry warned on Wednesday that a fall in sales in the key market of Hong Kong in

Walmart India head likely to meet Sitharaman

Under pressure from the US, the government might again be compelled to review the foreign direct investment (FDI) policy in

Former Gucci Group boss joins North Sails

International sailmaker and sportswear brand North Sails has appointed former Gucci Group president and chief executive officer Robert Polet as

Prada opens third KL store

Prada recently opened its third store at The Gardens Mall in Kuala, Lumpur. Designed by architect Roberto Baciocchi, store covers

Australian retail sales miss expectations in November

Soggy November sales figures have increased the scrutiny on Christmas trade for Australia’s struggling retail sector as lagging consumer confidence

Starhill Global REIT sells prime Tokyo retail property for $29.9m

Proceeds will be used to pay off Yen loans. Starhill Global REIT has divested Roppongi Terzo, a prime retail property

Bookseller Dymocks to close flagship IFC Mall store and HK office

Hong Kong’s largest English- language bookseller, Dymocks, is to end its 15-year local presence in an industry battered by high

UK footwear brand Church’s entering India through tie-up

UK luxury footwear brand Church’s will now be available in India, priced at up to Rs. 72,000 (USD1,159.72), following an

foodpanda partners with HSBC in HK, Southeast Asia

Online food delivery service foodpanda is partnering with HSBC in Hong Kong and Southeast Asia. Customers and cardholders in eight

Hermès reports 10pc revenue increase for 2014

Hermès maintains course in 2014 with a healthy 10 percent increase in its turnover, at constant exchange rates – according

Cyber attacks on US retailers drop, but records stolen remain high

Cyber attacks agains US retailers declined by as much as 50 percent since 2012, but the number of records stolen

India’s Big Bazaar opens 100th store

India’s Big Bazaar is now present in more than 100 cities in India. The last store to be opened by

Myntra rejigs top management

Ganesh Subramanian, Chief Operating Officer at Myntra.com, has been given a new responsibility as Head – New Initiatives with immediate

Tiffany & Co debuts its first same-sex couple ad campaign

American jeweler Tiffany & Co makes its first foray into featuring same-sex couples in its advertising with its new engagement

Study: Asia-Pacific to account for 41.4pc of global e-commerce sales

Asia-Pacific will account for 41.4 percent of worldwide e-commerce sales and is set to overtake the US as the world’s

Alibaba to invest about USD575m in Indian online-shopping service, Paytm

Chinese e-commerce giant Alibaba Group Holding Ltd. and its financial-services affiliate have agreed to jointly invest about USD575 million in

Billabong kickstarts supply chain transformation

Global surf brand Billabong and its family of brands is positioning its supply chain to support transformation of its wholesale

Fast Retailing Japan reports double-digit growth

In the first fiscal quarter ended 30 November,, the Japanese clothing giant Fast Retailing has totaled revenues of JPY479.5 billion

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