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Retail Asia22/11/2017

KKR & Co-backed Emerald Media led a US$65mil funding round in aCommerce, a Bangkok-based startup that helps brands including Samsung, Unilever and L’Oreal sell their products online across South-East Asia. The four-year-old firm, which already operates in Singapore, Indonesia, Malaysia, Thailand and the Philippines, plans to use part of the proceeds to expand in markets […]

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Retail Asia16/11/2017

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JD.com profit soared 50 per cent after a 39 per cent increase in sales during the Chinese online retailer’s latest quarter. Its unaudited results for the three months to the end of September show revenue of RMB83.7 billion (US$12.6 billion), with a record 50.3 per cent surge in gross profit to RMB13 billion. Non-GAAP gross […]

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Retail Asia23/06/2017

Publicly listed consumer goods giant PT Unilever Indonesia (UNVR) has secured a standby loan worth Rp 3 trillion (US$225 million) from Unilever Finance International AG to expand its business in the country. Unilever corporate secretary Sancoyo Antarikso said the loan facility could be disbursed anytime the firm needed it in the next five years, with a tenure […]

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Retail Asia23/05/2017

Consumer goods giant Unilever on Wednesday said it has opened a new facility in Indonesia as part of a pilot project for introducing a new technology for recycling sachets used to hold shampoos and other products. Single-use sachets are widely sold in developing and emerging markets such as Indonesia. The Anglo-Dutch company said billions of […]

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Retail Asia10/05/2017

Unilever Foundry, a Unilever-lead initiative for start-ups and innovators, has opened a collaborative working space at the firm’s regional office in Singapore – the first of its kind for Unilever. Dubbed Level3, the new collaborative space was launched by the Unilever Foundry to provide startups with the opportunity to interact and partner with Unilever and […]

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Retail Asia24/01/2017

For its first outlet in Asia, Australian tea chain T2 Singapore has launched with a new brew that pays homage to local breakfast staple kaya toast. Its Singapore Breakfast tea is a blend of pu’er (Chinese fermented tea), green tea, coconut flakes and roasted rice. It is among more than 150 types of teas at […]

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Retail Asia15/01/2017

Publicly listed consumer goods giant Unilever Indonesia has seen it stock value skyrocket by more than a thousand percent over the 35 years it has been listed on the bourse. If an investor bought 1,000 shares at our initial public offering IPO, which [at the time] were worth Rp 3,175 (24 US cents) apiece, its […]

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Retail Asia21/12/2016

South Korean cosmetics startup Memebox has raised US$60 million in a Series C extension round led by existing and new investors. Investors include Altos Ventures, Cota Capital, Cowboy Ventures, Formation Group, Funders Club, Goodwater Capital, Janet Gurwitch, Mousse Partners and Pear Ventures. Memebox says the round is an extension of the $66 million it raised […]

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Retail Asia08/12/2016

Cross-border eCommerce (CBEC) is set to skyrocket in China according to a new report from international think tank Fung Global Retail & Technology. To capitalise on this, international retailers need to complement their existing expansion strategy with online sales platforms, says Fung Global MD Deborah Weinswig. Cross-border eCommerce is the most efficient platform to reach […]

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Retail Asia28/09/2016

Indian retail giant Future Group has bought Sangam Direct, a chain of grocery stores previously known as Sabka Bazaar, from Wadhawan Retail Ventures. Future group CEO Kishore Biyani has announced the deal without disclosing any figures. It is Future Group’s third acquisition in northern India in the food and groceries space in the past three […]

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Retail Asia25/07/2016

Consumer products giant Unilever is to buy California-based Dollar Shave Club, an online razor delivery subscription business that has 3.2 million members. Terms of the transaction were not officially disclosed, but sources say the FMCG giant is paying the razor business US$1 billion in cash. “Dollar Shave Club is an innovative and disruptive male grooming […]

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Retail Asia19/04/2016

Unilever Indonesia’s net profit fell 1.2%; however, the media outlet predicts that as the economy now picks up, so too will the multinational’s performance in the country. Unilever is the “undisputed leader in bath and shower” in Indonesia, according to market research firm Euromonitor International, and it looks set to maintain and strengthen this position. […]

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Retail Asia11/04/2016

With effect from March 1, 2016, Carl Cruz assumed duties as Chairman of Unilever Sri Lanka, taking the helm from his predecessor, Shazia Syed who has returned to Pakistan to assume her duties as the Chief Executive Officer of Unilever Pakistan. Carl arrived in Sri Lanka from the Philippines, where he last served as the […]

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Retail Asia11/03/2016

Household products manufacturer Pental is hoping to clean up in China by following in the footsteps of Bellamy’s and Blackmores and selling bar soaps designed for the Asian market. Pental, which makes laundry staples White King bleach and Softly wool wash, has developed a new range of Country Life bar soaps aimed directly at Chinese […]

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Retail Asia01/03/2016

Christian Louboutin’s latest spring/summer bag collection is being showcased in a stunning pop-up boutique in Tokyo’s Isetan department store. Open on the second level until March 1, the Christian Louboutin Tokyo pop-up was inspired by showgirls and exotic birds and features feathered plinths layered with rich colours plus quirky details. It is the latest retail […]

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Retail Asia05/02/2016

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Unilever’s prestigious catering brand, Unilever Food Solutions (UFS) has been committed to delivering specialised food solutions to various restaurants in China since 1994. With more than five million catering businesses in China, it is a major challenge for UFS to penetrate the huge and saturated market and establish a leadership position in the industry. To […]

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Retail Asia26/07/2015

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The partnership began in 2011 when Unilever opened a virtual store on Alibaba’s Tmall.com online shopping portal. Last year it opened a store on Tmall Global, a cross-border solution that allows overseas retailers to sell and deliver goods directly to Chinese consumers online via government-backed FTZs and PRC bonded warehouses. Alibaba’s e-commerce “ecosystem” includes China’s […]

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Retail Asia23/07/2015

Unilever has formed an exclusive strategic partnership with Alibaba Group on a range of ecommerce initiatives to boost the consumer-goods maker’s sales in China. The partnership, announced today, is seen as a significant expansion of cooperation between the two companies. Unilever first opened a virtual store on Alibaba’s Tmall.com online shopping website in 2011 and […]

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Retail Asia25/06/2015

Global consumer processed goods (CPG) behemoth Unilever is set to combat the slowdown in China head-on by strengthening its presence in the online market. The company announced last week that it will open a store on JD Worldwide, the cross-border platform of China’s largest online direct sales company. The partnership with JD.com will allow Unilever to […]

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