Tag: asia

Retail Asia17/12/2018
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6min0
One of Glossier’s earliest executives is leaving. Henry Davis, president and chief financial officer, is exiting the direct-to-consumer beauty brand after almost five years to pursue his own entrepreneurial opportunities. This comes weeks after Davis’ position changed from chief operating officer to chief financial officer, a role the company has been trying to fill since former vice […]

Retail Asia17/12/2018
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5min0
The National Tax Service (NTS) launched an investigation into Google Korea on Wednesday, sending an official to secure accounting documents at the company’s office in Gangnam District, southern Seoul. The investigation is thought to be into YouTubers suspected of avoiding taxes, as NTS Commissioner Han Sung-hee previously promised during the National Assembly’s annual questioning session in […]

Retail Asia17/12/2018
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3min0
Vietnamese technology startup Be Group Corporation officially launched its ride-hailing platform Thursday, with beBike and beCar. The latest entrant to a market dominated by the likes of Grab and Go Viet has set an ambitious target of partnering with 10,000 drivers in a few weeks, by the end of 2018, and 100,000 drivers next year. […]

Retail Asia17/12/2018
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3min0
Canadian founder of yoga-apparel retailer Lululemon Athletica Inc., Chip Wilson, is close to joining the Chinese investor group pursuing a takeover of Amer Sports Oyj. The billionaire is in talks to take around a 20 per cent stake as part of the consortium led by Anta Sports Products Ltd. The buyer group and Helsinki-based Amer could announce […]

Retail Asia17/12/2018
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2min0
October Singapore retail sales inched up by 0.5 per cent year on year, after excluding motor vehicle sales from the data. Month-on-month they fell by 2.1 per cent, reaching S$3.7 billion (US$2.69 billion). Online retail sales breached the 5 per cent threshold of total retail sales at 5.3 per cent for October. By category, sales […]

Retail Asia14/12/2018
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3min0
Does a new new designer collaboration revealed this week represent growing Starbucks fashion cred? Accessories and apparel brand Herschel has created a capsule collection inspired by Starbucks China’s Sumatra coffee blends. It follows the release of two seasonal ranges of homewares designed by Los Angeles label Ban.Do in the coffee company’s Asia-Pacific stores, the first of them […]

Retail Asia13/12/2018
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3min0
A senior Google official says the tech behemoth is studying the process of opening a representative office in Vietnam. Google senior vice president Kent Walker told Deputy Prime Minister Vuong Dinh Hue at a meeting Tuesday that the opening of a rep office in the country would follow the principle of ensuring that host country […]

Retail Asia13/12/2018
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1min0
Malaysia Airlines announced the rebranding of its First Class cabin to Business Suite offering passengers new levels of luxury with ample cabin space and privacy. “The new Business Suite was introduced in response to the growing demand of our guests. Our target is to enable the frequent flyer, looking for enhanced comfort, to now be […]

Retail Asia13/12/2018
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1min0
Lotteria is raising burger prices. The fast food franchise announced Wednesday that it was going to raise the price of 11 of its burgers by an average of 2.2 percent. Its Teri Burger, for example, will now cost 2,300 won ($2.04), up from the original 2,000 won. The price of the Classic Cheese Burger will rise […]

Retail Asia13/12/2018
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2min0
Filipino cafe chain Bo’s Coffee plans to more than double its store network within four years and is also eyeing expansion into the Middle East. In an interview, founder Steve Benitez says the ambitious growth plan has been fuelled by strong local demand. With 103 cafes currently, Benitez is targeting between 200 and 250 by […]

Retail Asia13/12/2018
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1min0
International pizza franchise Pezzo has launched in Brunei Darussalam. The brand, operating under Satami Group of Companies, features a “Grab & Go” kiosk serving pizza by the slice for immediate purchase, and a “mix and match” pizza purchase option, whereby customers can collate their own pizza out of 12 different flavours. The brand stakes its […]

Retail Asia13/12/2018
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6min0
The arrest of Huawei’s Chief Financial Officer Meng Wanzhou in Canada has triggered alarms in the Korean telecommunications industry, especially after LG U+ moved onto a fifth-generation (5G) network this month that uses Huawei network devices. The Chinese telecommunications giant has maintained a sizeable influence since it first entered the Korean market in 2002. While […]


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