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H&M Vietnam launching in 2017

H&M Vietnam launching in 2017

Mei Ling Tan November 14, 2016
International fashion brand H&M Vietnam (Hennes & Mauritz) has signed for its first store openings next year. No further details have been released by the Swedish fast-fashion company, which will…
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The Hour Glass profits drops 14 per cent

The Hour Glass profits drops 14 per cent

Mei Ling Tan November 14, 2016
Citing challenging business conditions and weakening consumer confidence, luxury-watch retailer The Hour Glass reports that its net profit for the second quarter ended September 30 fell 14 per cent year-on-year…
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Lotte Shopping profit soars 203 per cent

Lotte Shopping profit soars 203 per cent

Mei Ling Tan November 14, 2016
While revenue for its third quarter rose 2 per cent year-on-year, South Korea’s Lotte Shopping Companysaw its net profit soar 203.9 per cent to KRW78.2 billion (US$68 million). The retail…
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Milk tea chain plans Asian expansion

Milk tea chain plans Asian expansion

Mei Ling Tan November 14, 2016
After early success in the Philippines, Khun Thai Tea is now eyeing three more Asian markets. The milk tea concept was co-founded by Bronze Media LLP Singapore owners Jeremy Lee…
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Skechers in Korea joint venture

Skechers in Korea joint venture

Mei Ling Tan November 14, 2016
Skechers in Korea will now be managed by a joint venture with the parent company. Previously imported and distributed by a third-party company, Skechers head office in the US has…
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US$1 billion in first five minutes of 11.11

US$1 billion in first five minutes of 11.11

Mei Ling Tan November 14, 2016
Alibaba Group says more than US$7 billion (RMB 47.5 billion) of gross merchandise volume (GMV) was settled through Alipay on Alibaba’s China and international retail marketplaces within the first two…
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