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Reported across 14 sectors and every major Asian market — deals, openings, results and people moves, seven days a week.
An attempt by Berli Jucker Plc (BJC) to buy Metro Group’s cash-and-carry unit in Vietnam was aborted on Thursday after its shareholders voted unanimously to reject the EUR655-million (USD775.7 million) deal.
Starbucks Coffee Company chief operating officer Troy Alstead is taking an extended unpaid leave from the company. “Looking back on the 23 years we spent together side-by-side as Starbucks colleagues, I can recall so many memorable moments and accomplishments…
According to social analytics company NetBase’s most recent Brand Passion Report, Apple ranks second among top luxury brands in the world, behind only Louis Vuitton and ahead of brands such as Chanel, Burberry, Hermes and Gucci. “Consumers’ definition of…
Chinese e-commerce giant Alibaba has for the first time unveiled the trade details of its major global business unit Tmall Global, revealing a tenfold increase since it was founded 10 months ago, reports the Shanghai-based China Business News. Lees ook:…
Taiwan’s consumer price index rose 1.2 percent in 2014, the sixth consecutive year it has risen by less than 2 percent, according to government statistics released Tuesday. Lees ook: Is Singles Day still the world’s biggest retail event?
COACH will pay Sycamore Partners a hefty USD574 million for Stuart Weitzman — their women’s footwear brand — in a move that is no doubt designed to diversify their sales portfolio considering 55 percent of their USD4.8 million in sales last year came from…
Chinese popular chain restaurants, including Shanghai Min, Waipojia and Ajisen China, will upgrade their unified e-commerce platform this year to help cut cost and improve food safety standards. Lees ook: Deliveroo Hong Kong launches plan to feed the needy…
Taiwan will see its first international outlet mall in Taoyuan in August, and 100 stores will open their doors in the first stage of the project. Lees ook: DHL Express to invest €131m in Incheon hub expansion Lees ook: Steel makers see profits skyrocket Lees…
Online furniture vendor Urban Ladder will add 1,400 employees to its workforce this year to beef up its rapid expansion plan. The Bengaluru-based company’s current headcount is 600 across seven cities. The company is also planning to expand its presence to 25…
Demand for tablets will continue to be slow in 2015, with sales reaching 233 million units for the year, or only an 8 percent increase from 2014, research firm Gartner said. Ranjit Atwal, research director at Gartner, said global sales have been growing in…
Lululemon Athletica Inc. named J. Crew Group Inc. Chief Financial Officer Stuart Haselden as its new finance chief, with an expected start date of 2 February. To view the full article (note: you must be a Wall Street Journal Online subscriber), visit The Wall…
TCC Logistics and Warehouse, a subsidiary of TCC Group, has opened the MM Mega Market in Nong Khai province to cash in on growing consumption spurred by increasing border trade with neighbouring countries. The company has leased space at Asawann Shopping…
New Tesco boss Dave Lewis is expected to focus on cost cuts and asset sales — including the possible sale of its Tesco-Lotus venture in Thailand – when he provides an update on his plans to revive the troubled British grocer’s fortunes on Thursday.
To help fuel its growth, Amazon.com is increasingly turning to the millions of businesses that use its site to sell their own goods. That’s a good thing for Amazon, because those third party sales tend to have higher margins, according to some analysts, and…
Philippine fastfood giant Jollibee Foods Corporation (JFC) and its partner, Asian investment firm RRJ Capital Master Fund II LP, have sealed the deal with Dunkin Donuts Franchising LLC to operate Dunkin’ Donut stores in China. In a disclosure to the…
Looking to drive the massive adoption of online and mobile payment solutions in emerging markets, the Philippine Long Distance Telephone Company (PLDT) Internet platform Rocket Internet AG are establishing a global Joint Venture for payment services. Under…
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