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Reported across 14 sectors and every major Asian market — deals, openings, results and people moves, seven days a week.
Under pressure from the US, the government might again be compelled to review the foreign direct investment (FDI) policy in multi-brand retail trading (MBRT). At the forefront is American retail giant Walmart, demonstrating a renewed interest in entering…
International sailmaker and sportswear brand North Sails has appointed former Gucci Group president and chief executive officer Robert Polet as a partner of its apparel division, effective immediately. Lees ook: Myanmar’s cellcos reach a combined 50m subs
Prada recently opened its third store at The Gardens Mall in Kuala, Lumpur. Designed by architect Roberto Baciocchi, store covers a total area of approximately 390 square metres on a single level and houses the women’s and men’s leather goods, accessories and…
Soggy November sales figures have increased the scrutiny on Christmas trade for Australia’s struggling retail sector as lagging consumer confidence weighs on spending. Official retail sales released on Friday for November came in softer than expected, inching…
Proceeds will be used to pay off Yen loans. Starhill Global REIT has divested Roppongi Terzo, a prime retail property located in Tokyo, for $29.9m. This is above the property’s last valuation of $29.2m, and the sale consideration translates to a yield of…
Hong Kong’s largest English- language bookseller, Dymocks, is to end its 15-year local presence in an industry battered by high rents and shifting reading habits. To view the full article (note: you must be an scmp.com subscriber), visit scmp.com. (From seven…
UK luxury footwear brand Church’s will now be available in India, priced at up to Rs. 72,000 (USD1,159.72), following an exclusive distribution tie-up with multi-brand retailer Heel & Buckle. “UK’s iconic luxury footwear brand Church’s is entering into India…
Online food delivery service foodpanda is partnering with HSBC in Hong Kong and Southeast Asia. Customers and cardholders in eight Southeast Asian countries – Hong Kong, Vietnam, Indonesia, Singapore, Malaysia, Taiwan, Philippines, and India – will benefit…
Hermès maintains course in 2014 with a healthy 10 percent increase in its turnover, at constant exchange rates – according to Guillaume de Seynes , managing director manufacturing division & equity investments of the Group of luxury. Interviewed by the German…
Cyber attacks agains US retailers declined by as much as 50 percent since 2012, but the number of records stolen from them remains at near record highs, a new IBM study shows. IBM Security researchers recently reported that during the year cyber attackers…
India’s Big Bazaar is now present in more than 100 cities in India. The last store to be opened by the retail chain last December was the Rourkelo store in Orissa. In the last three months prior to the opening of its newest store, Big Bazaar also opened 17…
Ganesh Subramanian, Chief Operating Officer at Myntra.com, has been given a new responsibility as Head – New Initiatives with immediate effect. Confirming the development, Subramanian told BusinessLine: “As a company, we are thinking long term. Therefore, we…
American jeweler Tiffany & Co makes its first foray into featuring same-sex couples in its advertising with its new engagement campaign for 2015. A rep for the jeweler didn’t release the guys’ names because despite being extremely attractive, they are not…
Asia-Pacific will account for 41.4 percent of worldwide e-commerce sales and is set to overtake the US as the world’s biggest e-commerce market, the latest research by Worldwide Business Research (WBR) shows. The research was conducted as part of the 3rd…
Chinese e-commerce giant Alibaba Group Holding Ltd. and its financial-services affiliate have agreed to jointly invest about USD575 million in India’s One97 Communications Ltd.’s online-payment and marketplace businesses, a person familiar with the matter…
Global surf brand Billabong and its family of brands is positioning its supply chain to support transformation of its wholesale and retail businesses. Billabong said it will connect suppliers and trading partners in a cloud based network using the GT Nexus…
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