June 19, 2026

Latest News

Hong Kong retailers host 93,000 applications for Covid-19 support

Mei Ling Tan May 18, 2020

The Hong Kong government has nearly completed vetting Covid-19 support applications under its Retail Sector Subsidy Scheme, which drew around 93,000 applications. Applicants are being gradually notified of results, with…

7-Eleven and Nike to launch co-branded sneakers and other footwear

Mei Ling Tan May 18, 2020

7-Eleven and Nike will collaborate to create a new sneaker featuring the convenience-store chain’s distinctive logo colors, but the shoes will most likely be released only in Japan. According to…

Ant Financial Capitalizes on Open Banking Amid Pandemic

Mei Ling Tan May 18, 2020

Alibaba-backed Ant Financial grew its client base of mainland Chinese lenders by 175 percent in just two months through April this year, as the nation grappled with the ongoing pandemic.…

Harley-Davidson India Introduces Home Delivery Of Motorcycles

Mei Ling Tan May 18, 2020

Harley-Davidson India has introduced home delivery of motorcycles during the months of April and May, along with extended service warranties and a completely online version of what the brand calls, the…

Li Ning founder bids to acquire Bossini

Mei Ling Tan May 18, 2020

A Chinese company controlled by Li Ning plans to buy a controlling stake in Hong Kong-listed apparel group Bossini, with plans to expand the business in Mainland China. A venture…

Puma searching sustainable technologies with Central St Martins students

Mei Ling Tan May 18, 2020

Puma has partnered with London design school Central St Martins to launch a new collection using sustainable technologies. The Puma x CSM Collection uses new dyeing technologies including “Dope Dye”,…

Samsonite sales down with 80 percent as travel all but halts

Mei Ling Tan May 18, 2020

With global travel now all but shut down, luggage-retailing goliath Samsonite is facing unprecedented challenges, with net global sales plunging by 80 percent last month. But its CEO Kyle Gendreau…

Cebu Pacific, Cebgo, AirAsia flights still canceled until May 31

Mei Ling Tan May 15, 2020

All domestic and international flights of the Cebu Pacific, Cebgo, and AirAsia airlines remain canceled until May 31, 2020 in line with the implementation of the modified enhanced community quarantine…

Malaysia’s Mygroser looks to expand as Covid-19 boosts sales

Mei Ling Tan May 15, 2020

Malaysian digital grocer Mygroser is raising its first public funding round as it enhances its delivery capacities in the midst of the continuing coronavirus pandemic. The business is targeting profitability…

Organic food trends during Covid virus outbreak

Mei Ling Tan May 15, 2020

Australia has the world’s largest organic-certified area of land, so it comes as no surprise that 70 percent of Australians buy some form of organic food, contributing to the nation’s…

Kopi Kenangan eyes fast expansion after US$109 million investment

Mei Ling Tan May 15, 2020

Southeast Asian non-franchise grab-and-go beverage retailer Kopi Kenangan has raised US$109 million in Series B funding led by the firm’s existing investor, Sequoia Capital. The funds will help Kopi Kenangan…

Menswear retailer TM Lewin sold to PE investor

Mei Ling Tan May 15, 2020

British menswear retailer TM Lewin has been sold by Bain Capital to private-equity company SCP through its new subsidiary Torque Brands. The deal, announced today, ends speculation over the brand’s…

Aston Martin Posts Deep Loss As Coronavirus Outbreak Hits Sales

Mei Ling Tan May 15, 2020

Aston Martin posted a first-quarter pretax loss of 119 million pounds ($146 million) after sales dropped by nearly a third due to the impact of the coronavirus outbreak and the…

Tesla, California County Reach Deal To Reopen U.S. Plant Next Week

Mei Ling Tan May 15, 2020

Tesla Inc and officials in California have resolved their acrimonious clash over safety procedures at the automaker’s sole U.S. assembly plant with a deal that allows production to resume as…

Shinsegae profit all but evaporates as the virus outbreak hits sales

Mei Ling Tan May 15, 2020

Shinsegae, one of South Korea’s largest retail groups, has reported its net profit fell 99.8 percent year on year as the Covid-19 crisis effectively shut down the nation’s tourism industry…

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