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Tag: japan

Retail Asia22/06/2023
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General

Former Japan Airlines leader to chair Bamboo Airways

2min0
Oshima Hideki, the former chairman of Japan Airlines, has been appointed chairman of Vietnam’s Bamboo Airways for the 2023-2028 period. He is among seven new directors of the airline, according to decisions made at the company’s general meeting on Wednesday. Hideki has nearly 40 years of experience in the aviation industry. He was previously Deputy […]
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Retail Asia26/05/2023
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Finance

UBP Acquires Japanese Asset Manager

2min0
Swiss-based Union Bancaire Privée has acquired a new asset manager specializing in Japanese small-cap equities. According to a statement, UBP has acquired 100 percent of the shares issued by Angel Japan Asset Management (AM). Founded in 2001, Angel Japan AM is a Tokyo-based independent investment advisor specializing in Japanese small-cap equities. Hirotaka Usami leads the […]
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Retail Asia05/04/2023
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Food

Soy milk contaminated during shipment to Japan

3min0
A consignment of soy milk found contaminated and destroyed in Japan must have been tainted en route, Vietnamese exporter Vinasoy has said. Tests by the National Institute For Food Control on Monday did not find coliform bacteria in the Fami Calcium Soy Milk samples it had retained from the export consignment, it said. But 640 […]
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Retail Asia27/03/2023
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Fashion

Nike launches Jordan World of Flight in Shibuya, Tokyo

3min0
Located in the capital’s Shibuya district, close to the Harajuku trade zone and along Meiji Dori Street, the 9,200-square-foot space is a designed “as a tribute to basketball culture and Jordan Brand’s identity and heritage,” according to a press release. Inside, visitors will find Jordan brand footwear and apparel products across men’s, women’s and kids, as well as […]
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Retail Asia23/02/2023
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Fashion

Forever 21 returns to Japan with new upscale image

3min0
TOKYO — U.S. fast-fashion chain Forever 21 returned to Japan on Tuesday, more than three years after pulling out of the country, aiming to break away from its former mass-production image with items tailored to Japanese tastes and an emphasis on responsible environmental practices. The store started selling products online on Tuesday morning through an e-commerce […]
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Retail Asia17/02/2023
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Food

Japanese restaurant chain Zensho to buy Lotteria Japan

2min0
Sukiya beef bowl chain’s operator, Zensho Holdings, is to acquire burger franchise Lotteria Japan from Lotte Holdings for an undisclosed sum. The deal is expected to be completed on April 1. Entering Japan in 1972 with the first store opened in Tokyo’s Nihonbashi, Lotteria had 358 stores across the country as of January 1. Zensho […]
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Retail Asia16/02/2023
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Food

Japanese firm looks to raise export-quality oysters in Vietnam

4min0
Japanese seafood producer Yamanaka wants to partner with Vietnam agencies to raise oysters locally for both domestic and international markets. A feasibility research conducted by Yamanaka in the central province of Khanh Hoa since June last year, with the support of the Japan International Cooperation Agency (JICA), found that raising oysters in Vietnam under two […]
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Retail Asia01/02/2023
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Food

Saigon Beer brewer sees revenue surge by a third

2min0
Saigon Beer brewer Sabeco saw revenue jump 33% from 2021 to VND35.24 trillion ($1.5 billion) last year as consumption bounced back after two years of Covid-19. The brewer’s post-tax profit surged nearly 40% to VND5.5 trillion, the highest level since it was sold to ThaiBev in 2017. “The company has improved its production efficiency and […]
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Retail Asia31/01/2023
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General

Miniso Group reveals management changes

2min0
Lifestyle retailer Miniso Group has unvieled a shift in the management board, with executive VP Steven Saiyin Zhang departing. According to Miniso, Zhang has resigned as CFO, executive VP, and executive director, effective immediately, for personal reasons and to spend more time with his family. Zhang will continue to work as a senior consultant for […]
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Retail Asia26/01/2023
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General

AirAsia X Resumes Flights Between KL and Osaka, Japan

2min0
AirAsia X (AAX) has resumed flights between Kuala Lumpur and Kansai Airport (KIX) in Osaka, Japan. The thrice weekly flights to Osaka are expected to carry more than 116,000 travelers between Malaysia and Japan monthly and deliver a welcome boost to both countries’ tourism and business sectors. “Following the resumption of services from Kuala Lumpur […]
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Retail Asia17/01/2023
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Finance

Japanese lender reduces stake in Eximbank

1min0
Japanese giant Sumitomo Mitsui Banking Corporation has sold a 10.8% stake in Vietnam’s Eximbank, reducing its ownership to 4.27%. It sold 132.8 million EIB shares at VND27,750 ($1.18) on January 13, according to a release by the Vietnamese bank. The value of the deal is estimated at around VND3.4 trillion. SMBC became a strategic shareholder […]
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Retail Asia30/12/2022
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Finance

Crypto Exchange Kraken Closes Japan Business

2min0
The service shutdown in Japan follows in the wake of the collapse of FTX and adds more uncertainty to the global crypto market. Kraken, the US-based cryptocurrency exchange and bank, indicated that it is closing its exchange services in Japan. In a blogpost issued Wednesday in Japanese and English, the company said that current market conditions in […]
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Retail Asia07/12/2022
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Food

Chinese tea chain Mixue expands into South Korea and Japan

4min0
Mixue, a Chinese tea-based beverages brand that is set to list on the main board of the Shenzhen Stock Exchange, has recently entered the South Korean and Japanese markets. In the beginning of November, an account named “MIXUE.Japa” became active on Xiaohongshu, a lifestyle-sharing Chinese social media platform, where it released a brief opening notice and […]
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Retail Asia30/11/2022
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Fashion

Japanese eyewear retailer Aigan to exit China

1min0
The company said that Japanese eyeglasses seller Aigan will leave the Chinese market as the impact of the coronavirus dims its hopes for turning a profit. Already weak earnings in China have been squeezed further by coronavirus-related disruptions that forced temporary store closures. The Osaka-based company’s Chinese arm has lost money for seven straight years […]
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