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Tag: canada

Retail Asia13/02/2019
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Living

HMV saved by Sunrise Records, but some stores will close

2min0
Canadian firm Sunrise Records has emerged as the buyer of collapsed music chain HMV, beating competition including Sports Direct owner Mike Ashley. The firm will buy 100 stores out of administration, securing 1,487 jobs. But 27 stores will close, resulting in 455 redundancies. Sunrise Records chief executive Doug Putman said he was “delighted to acquire […]
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Retail Asia31/01/2019
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Fashion

Deciem skincare firm founder passed away

3min0
Brandon Truaxe, the founder of Canadian skincare company Deciem, has died at the age of 40, the firm announced in an Instagram post. Truaxe launched the brand, best known for its affordable skincare line The Ordinary, in Toronto in 2013. Since then it has since expanded worldwide, with stores in the US, the UK, South […]
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Retail Asia16/01/2019
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Food

Chun Yang Tea expands into Canada

1min0
Taiwanese bubble-tea brand Chun Yang Tea is launching its first store in Canada. With operations across Taiwan as well as in Mainland China, Hong Kong, Macau and Malaysia, the brand is now planning two new store locations in Toronto and one in Vancouver. While the Canadian market has been judged as saturated for bubble-tea retailers, […]
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Retail Asia07/01/2019
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General

Time is running out for Sears offer

2min0
Sears chairman Eddie Lampert’s last minute plans to save the bankrupt retail chain are set to be terminated on Friday afternoon, New York time, should they be determined to not be a “qualifying bid”. The first plan, a US$4.4 billion offer to purchase Sears, would provide ongoing positions for 50,000 employees and is the “best […]
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Retail Asia07/01/2019
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Fashion

Canada Goose opens store in Beijing

1min0
Winter clothing firm Canada Goose has finally opened its first Mainland Chinese store in Beijing. In a launch rumoured to be delayed due to political tensions between China and Canada – and dismissed by the firm as the result of construction delays – extensive queues saw shoppers waiting for over an hour for the opportunity […]
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Retail Asia21/12/2018
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Living

Miniso Canada is collapsing

1min0
Miniso Canada is on the brink of bankruptcy after an action brought against it by its Chinese parent company alleging fraudulent business dealings and the transfer and hiding of assets. The extraordinary situation was revealed by Canadian website which in its last update reported the Canadian subsidiary had reached a preliminary agreement with the Chinese company […]
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Retail Asia17/12/2018
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Fashion

Lululemon founder to join the takeover bid for Amer

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 […]
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Retail Asia16/11/2018
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Living

Muji reopen largest store outside Asia

3min0
Muji Canada is reopening its original Toronto location next week as its first flagship store in the country’s east. The Muji Atrium opened four years ago as the company’s first location in Canada. While the previous store occupied 5658sqft of retail space, the new flagship store will reach 19,110sqft spread over two floors, becoming the […]
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Retail Asia07/09/2018
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Fashion

Uniqlo Canada network will double

1min0
Uniqlo Canada has announced four new stores, almost doubling its retail footprint within the country. COO of Uniqlo Canada Yasuhiro Hayashi said the company was encouraged by the warm welcome the Japanese fast-fashion chain has received to date. “We are thrilled to be opening three new stores in the Greater Toronto Area and a fourth […]
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Retail Asia26/07/2018
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Finance

Vietnam steel faces protectionism in Canada, EU

3min0
The EU and Canada are taking safeguard measures to protect their steel companies from exports from Vietnam. The EU claimed it is taking the protective measures due to a surge in imports from many countries in recent years. Imports of steel products had been 18.8 million tons in 2013 but jumped to 30.5 million last […]
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Retail Asia12/07/2018
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Food

Tim Hortons plans 1500-store China expansion

4min
Tim Hortons plans to open more than 1,500 of its coffee-and-doughnut shops in China over the next decade. The expansion seeks to capitalize on the country’s burgeoning coffee culture and is the latest international location for the coffee chain aiming to become a global brand. “China’s population and vibrant economy represent an excellent growth opportunity […]
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Retail Asia01/06/2018
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Living

Petronas buys 25% stake in LNG project in Canada

3min0
Petroliam Nasional Bhd (Petronas) is acquiring a 25% stake in a liquefied natural gas (LNG) project in Kitimat, Canada after it scrapped plans for the Pacific NorthWest LNG project in the country last July due to challenging market conditions as a result of prolonged depressed prices. Petronas said in a statement that its wholly owned […]
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Retail Asia31/05/2018
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Finance

Canada initiates dumping inquiry into steel imports from China, Vietnam, South Korea

2min0
The Canadian International Trade Tribunal (CITT) said on Monday it has initiated a preliminary dumping inquiry into steel imported from China, South Korea and Vietnam. The tribunal will investigate whether the alleged dumping and subsidizing of “cold-reduced flat-rolled sheet products of carbon steel” from these countries have harmed Canada’s steel industry. CITT, which operates in […]
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Retail Asia30/04/2018
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Food

Sulbing dessert about to open new shops in Canada

1min0
Korean dessert chain Sulbing will expand into Canada via franchising. The chain has signed a deal with a Canadian firm to open the first store in Vancouver by the first half of this year, followed by more stores in major Canadian cities. The chain is also planning expansion into Australia, Cambodia and the Philippines. Founded […]
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Retail Asia05/01/2018
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Living

Miniso store chain eyes Canadian expansion in 2018

2min0
Chinese discount retailer Miniso is playing a major assault in Canada with 100 stores targeted by year end and 500 within three years. Miniso is growing so fast it is difficult to keep an accurate count of its global network, but co-founder/chief designer Miyake Junya said in November he planned to have 10,000 stores trading in 100 […]
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Retail Asia07/12/2017
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Fashion

New Concept for L’Occitane Flagship store

8min0
French-headquartered, Hong Kong-listed L’Occitane en Provence, opens a world-first concept store in Canada  which it says offers an immersive digital experience and connected shopping model. Two new L’Occitane flagships based on the concept will open in London’s Regent Street and on the Champs Elysee in Paris later this month, with the format to be rolled […]
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Retail Asia21/11/2017
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Electronics

South Korea eyes artificial intelligence partners in BC

12min
Future Robot’s latest model at the company’s headquarters in Seongnam, near Seoul, South Korea. The company creates “social AI”: robots that interact with people by interpreting emotional responses, either through facial expressions or tone of speech, and then respond with emotive answers | Chuck Chiang At Seoul’s Incheon International Airport – one of the world’s largest international […]
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