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24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )
18/04/2024 Google Maps to show alternate transit and walking directions along with driving routes ( General )
17/04/2024 Apple releases iOS 17.5 beta 2 giving EU iPhone users more unique capabilities ( E-Tailing )
17/04/2024 WhatsApp rolls out new chat filters to help you locate unread and group conversations ( General )
16/04/2024 Google Chat working on adding group audio and video call function within Gmail Spaces ( General )
15/04/2024 Tim Cook arrives in Vietnam ( Electronics )
15/04/2024 Vietravel Airlines reports first profits in 3 years ( General )

Retail Asia16/01/2023

Orchestra Private Equity, a private equity firm based in Singapore, has signed a stock purchase agreement to acquire chicken franchise KFC Korea, according to industry sources on Friday. Under the deal signed on Thursday, Orchestra PE will purchase a 100 percent stake in KFC Korea from KG Group, a chemical-to-steel company based in Seoul. The […]

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Retail Asia09/12/2022

South Korean TV manufacturers Samsung and LG account for more than 50% of Vietnam’s market share, ranking first and third place respectively. Samsung leads with a 35-40.5% market share each month between October last year and this year, according to Thanh Nien newspaper quoted a report by German market research company GfK. Japan’s Sony followed at […]

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Retail Asia07/12/2022

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 Asia28/11/2022

AirAsia X (AAX) said it posted a quarterly net profit of RM25.1 million (US$5.6 million) compared to a net loss of RM652.5 million in the preceding quarter. Revenue was slightly lower at RM100.1 million as compared to RM107.2 million during the period ending 30 June 2022 (4Q22) on the back of a reduction in revenue […]

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Retail Asia10/11/2022

American fried chicken restaurant chain Popeyes is returning to the Korean market after pulling the plug on its business here in December 2020.Its operator Restaurant Brands International (RBI) confirmed Monday it has signed an exclusive master franchise contract with its new partner NLC, a subsidiary of deep-sea fishery firm Silla. It will open its first […]

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Retail Asia10/11/2022

E-commerce giant Coupang said Thursday it swung to the black in the third quarter for the first time since 2014, when it introduced its ultra-fast delivery service, Rocket Delivery. Net income came to $90.7 million in the July-September period, compared with a net loss of $324 million during the same period of last year, the […]

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Retail Asia01/11/2022

Bonchon-chicken-spread-supplied-1920x1440-1-1280x960.jpg

Bonchon, the global restaurant concept known for its Korean fried chicken, celebrates a year with market expansion, sales growth, and a new fast-casual model. Despite continued industry challenges due to the pandemic, Bonchon retained its strong year-to-date sales performance. In October, the company registered a 76% same-store sales increase compared to 2021. Bonchon has 15% same-store sales […]

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Retail Asia18/10/2022

South Korea-based pizza chain GoPizza has bagged US$25 million in a series C funding round to fuel its expansion plan in India. The round was co-led by GS Ventures, CJ Investment, Mirae Asset Securities, NCore Ventures, Woori Bank, Capstone Partners, Big Basin Capital, DS Asset Management, and Pureun Investment. “The funding raised will allow us […]

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Retail Asia17/10/2022

South Korea’s retail giants are invigorating efforts to dominate the second-hand transaction market, and this focus is expected to accelerate further with Naver Corp poised to make an entry. The internet portal giant is reviewing the idea that its recently acquired Poshmark Inc., a US social commerce platform specializing in secondhand apparel trade, could step […]

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Retail Asia04/10/2022

Naver, the South Korean search giant, announced it plans to acquire secondhand apparel marketplace Poshmark for $1.2 billion in cash. The deal values publicly traded Poshmark’s shares at $17.90 — a 15% premium over today’s closing price — and the companies expect it to close by Q1 2023, subject to approval by Poshmark stockholders and “the satisfaction of […]

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Retail Asia21/09/2022

South Korea’s second-largest chicken franchise by sales, bhc Group, said Tuesday it will open its third store in Malaysia next month as part of its strategy to expand into Southeast Asia. The new restaurant, which is set to open in a shopping complex located inside the capital of Kuala Lumpur, will be operated by a […]

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Retail Asia15/09/2022

Apple has announced plans to open its fourth retail store in South Korea on 24 September, Yonhap news agency reports. The new store will be dubbed ‘Apple Jamsil’, and will be located at Lotte World Mall in Seoul’s southeastern neighborhood of Jamsil.

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Retail Asia13/09/2022

Japanese boutique coffee group % Arabica has made its debut in South Korea with a store in Seoul. Located at Starfield Library, the store is % Arabica’s 125th location globally following recent first-time launches in Bali and Taiwan in August 2022. Opening its first store in Kyoto, Japan, in 2014, the boutique coffee group currently operates across 19 […]

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Retail Asia06/09/2022

Ami Paris, the Parisian fashion label, is expanding its Asian footprint with the opening of its first brick-and-mortar store in Seould, South Korea, which it describes as its largest boutique globally. The store, located in the city’s Garosu-gil area, contains a retail space of 300sqm over four storeys, stocking menswear, womenswear and accessories. It features […]

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Retail Asia31/08/2022

South Korean fashion retailer, SJ Group, has brought the famous American airline brand Pan Am into the country as a lifestyle brand, opening its first store inside the Shinsegae Starfield Coex Mall. Featuring Pan Am’s signature blue and white, the Starfield Coex store is home to a selection of Pan Am-branded fashion apparel and accessories, […]

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Retail Asia30/08/2022

Retail sales in South Korea rose 9.7 percent on-year in July amid eased COVID-19 curbs and the growth in people’s outdoor activities, the industry ministry said Tuesday. The combined sales of 25 major offline and online retailers came to 14.17 trillion won ($10.48 billion) last month, compared with 12.9 trillion won a year earlier, according […]

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Retail Asia23/08/2022

Kurly Corp., the operator of South Korean e-grocery platform Market Kurly, received preliminary approval for its push for an initial public offering (IPO) Monday. The approval by the Korea Exchange (KRX) came about five months after Kurly filed for a preliminary review of its IPO plan in late March. Kurly earlier sought to complete its […]

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Retail Asia23/08/2022

SK Telecom (SKT) announced that its Vice Chairman Park Jung-ho and CEO Ryu Young-sang met with Surangel Whipps. Jr., the president of the Republic of Palau, to discuss cooperation to upgrade Palau’s communication infrastructure. SK Telecom also asked the Palauan government to support Busan’s bid to host the “World Expo 2030”. At the meeting, Vice […]

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Retail Asia12/08/2022

Emart Vietnam is planning to open two more supermarkets in Ho Chi Minh City – one in Sala Thu Thiem and another in Go Vap District – part of a plan to launch 20 hypermarkets by 2026. Emart Vietnam was acquired by Thiso International Commerce and Services Corporation (Thiso), a subsidiary of Thaco Group, last […]

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Retail Asia10/08/2022

Luxury brand Kering Eyewear has launched its first store in South Korea, located on the eighth floor of Lotte Duty Free’s store in Busan. A collaboration between Kering Group and Lotte, the brand claims the new boutique is its largest store in Asia to date. Center stage in the store is a giant media wall […]

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