asia

Retail Asia26/09/2018

Singapore’s renowned Kopitiam food centres have been bought by NTUC Enterprise Co-operative to protect the chain from commercial investors. In a press release announcing the deal, NTUC Enterprise said by investing an undisclosed sum in acquiring the business it could satisfy its social mission of ensuring cooked food remained affordable and accessible to Singaporeans. After […]

Retail Asia26/09/2018

Berjaya Land Bhd’s (BLand) net profit for the first quarter ended July 31 rose 43.8% to RM16.58 million from RM11.53 million a year ago mainly due to Sports Toto Malaysia Sdn Bhd (STMSB) reported higher profit contribution from lower prize payout and operating expenses; and lower finance costs. Its revenue also jumped 1.2% to RM1.62 […]

Retail Asia26/09/2018

French handbag label Longchamp sees the China and US markets as key in boosting its global sales. Facing sluggish traditional European markets, the company is looking to celebrity endorsements and online opportunities to drive growth, according to CEO Jean Cassegrain. “We’re entering a different phase of growth, it’s no longer about store openings but about […]

Retail Asia26/09/2018

Michael Kors Holdings LTD confirmed earlier reports that it would buy all outstanding shares from Versace for around $2.1 billion. It also announced the group will officially be called Capri Holdings Limited, named after the island of Capri, which the company referred to as an iconic, glamorous destination. The renaming of the group was expected, […]

Retail Asia26/09/2018

Online fashion retailer Zalora Group has appointed a new chief marketing officer to help boost its Asia-wide profile. Elias Pour joins Zalora Group from Red Bull, where he was head of digital managing the brand’s digital marketing, content production and e-commerce sales in Asia-Pacific. At Zalora, he will lead a team of more than 150 […]

Retail Asia26/09/2018

Mobile World says sales grew by 39 percent in the first eight months of the year to VND58.7 trillion ($2.5 billion). Profit after tax was up 36 per cent to VND1.97 trillion ($84.34 million) year-on-year. HCMC-based Mobile World Investment Corporation (MWG), established in 2004 as a seller of mobile phones, has since diversified into a […]

Retail Asia26/09/2018

British jeweller House of Garrard is set to launch in Beijing. The new 100sqm outlet opens this month in a prestigious location in centrally positioned landmark Emperor Group Centre skyscraper on Chang’An Street. It is the brand’s second boutique in China, featuring three private VIP rooms where prospective buyers can examine items away from prying […]

Retail Asia26/09/2018

From tobacco to cognac, Rex Zhu Hao has recently been appointed Key Account Duty Free Sales Director of the family-owned Cognac house Camus. Backed by 12 years of experience in the tobacco business and travel retail in the Greater China market, managing Asia duty free for Dannemann Cigars, Rex will be in charge of further expanding Camus’ […]

Retail Asia26/09/2018

Hong Kong-listed Spring REIT has agreed to buy the Huamao Place shopping centre, located in Huizhou, Guangdong Province. Spring will pay RMB1.65 billion (US$241 million) for the mall, a seven-storey property, part of the larger integrated development by Beijing Guohua Real Estate, known as Huizhou Central Place (pictured), which also includes three Grade-A office towers, […]

Retail Asia26/09/2018

Malaysia’s fall to 79th spot from 67th in the 2018 Economic Freedom of the World Annual Report shows that space for the private sector in the country has been squeezed, businesses have been obstructed and the size of the government has increased. Institute for Democracy and Economic Affairs (Ideas) CEO Ali Salman said the findings […]

Retail Asia26/09/2018

Dunkin’ Donuts has been on a first-name basis with its fans long before the introduction of its iconic tagline, America Runs on Dunkin’, with customers around the world naturally and affectionately referring to the brand as Dunkin’. In recognition of this relationship, and as one of many steps to transform itself into the premier beverage-led, on-the-go […]

Retail Asia26/09/2018

Major Japanese department stores Takashimaya and Isetan are opening new developments in Tokyo. Both newly-refurbished stores will launch in Tokyo’s Nihonbashi district to attract a wider customer base. The move occurs against a backdrop of declining department store sales in Japan. Today’s Takashimaya launch opens a seven-storey annex with one underground level next to its […]

Retail Asia26/09/2018

Three top Vietnamese banks have been struggling to increase their capital to meet international adequacy norms. The second Basel Accords, or Basel II, prescribe capital of 8 percent of risk-weighted assets for all financial institutions, including in Vietnam, to cover operational risks. The National Financial Supervisory Commission found that Vietnamese banks need to increase their […]

Retail Asia26/09/2018

Ogilvy will be tasked with raising the profile of Pizza Hut among millennials after being appointed creative agency of record for the brand in Hong Kong. The agency was selected following a competitive pitch. Havas was the incumbent. Ogilvy & Mather also won the creative work for Pizza Hut in Singapore at the start of the […]

Retail Asia26/09/2018

Fortumo has expanded its partnership with Spotify in South-East Asia to offer an expanded carrier billing program specifically for Spotify users in Indonesia (Telkomsel) and Thailand (AIS and DTAC). In both Thailand and Indonesia, credit card ownership remains below 10% while more than 65% of the population already has smartphones. This means most consumers can access online entertainment but do not have […]

Retail Asia26/09/2018

The first non-stop flights from Da Nang to Japan will begin on 28 October, the national flag carrier Vietnam Airlines has confirmed. The airline will use an Airbus A321 with services meeting 4-star standards to cover the 2,114 miles (3,403 kilometers) from Da Nang to Japan’s Osaka City, with flights taking around four and a […]

Retail Asia26/09/2018

Visa’s blockchain-based B2B Connect project is gaining steam, with Thailand’s fourth-largest bank, Kasikornbank, joining the fold. The bank will be the first Thailand bank to use the technology, joining other well-respected financial institutions such as the U.S. Commerce Bank, Shinhan Bank in South Korea, the Union Bank of Philippines, and the United Overseas Bank in […]

Retail Asia26/09/2018

Philippine fast-food chain Jollibee has hinted at opening its first store in the United Kingdom. The potential of a Jollibee UK debut was revealed in a tweet featuring a photo of its mascot bee with British Ambassador to the Philippines Daniel Pruce, hashtagged #JollibeeLondon and #1stJollibeeInUK. The ambassador had previously said Jollibee would open in […]

Retail Asia26/09/2018

Luxury British perfumery brand Penhaligon’s relaunches two of its most prestigious stores in Asia. After extensive renovations, Penhaligon’s at the IFC Mall in Hong Kong, and Penhaligon’s at Marina Bay Sands in Singapore, have once again flung open their doors to the public – unveiling a new design concept and enriched amenities which are sure […]

Retail Asia26/09/2018

Hyundai Motor’s hydrogen-powered truck will take to the streets of Europe, where the hydrogen infrastructure is better than in Korea and subsidies for hydrogen cars more generous. The nation’s No.1 carmaker announced Thursday that it signed a memorandum of understanding with Swiss hydrogen energy company H2 Energy to supply 1,000 large hydrogen trucks from 2019 […]

Tag: asia

NTUC Enterprise acquires Kopitiam

Malaysia’s Berjaya Land Q1 earnings up 44%

Longchamp to invest in China

Michael Kors-Versace deal confirmed

Zalora Group appoints new CMO

Mobile World reports surging sales, expands fresh-food business

House of Garrard debuts in Beijing

Camus Cognac appoints new Asia Key Account Director

Spring REIT Buys Guangdong Mall from Huamao Property

Ideas CEO calls for review of policies as Malaysia slips in economic freedom ranking

Dunkin’ Donuts reveals new brand identity

Japanese department stores Takashimaya and Mitsukoshi upgrading

Vietnam’s top banks struggle to increase capital to meet global norms

Ogilvy picks up creative work for Pizza Hut Hong Kong as brand targets millennials

Spotify to Offer Carrier Billing to Telkomsel, AIS and DTAC Subscribers via Fortumo’s Payments API

Flights from Da Nang to Osaka for Vietnam Airlines

Kasikornbank Joins Visa’s B2B Connect Project in Thailand

Jollibee UK launches soon

Penhaligon’s upgrade stores for better customer experience

Hyundai Motor hydrogen trucks are going to Europe