An American tavern chain known for its craft beer is headed for Asia this year, opening first in Shanghai, then India and The Philippines. It is the first overseas bar for World of Beer, based in Tampa, Florida. CEO Paul Avery, a 20-year veteran of the…
Japanese conglomerate Mitsui & Co. has invested an undisclosed amount in Crayon Data, a Big Data analytics startup in Singapore, with operations in Chennai (India) The funds will help Crayon accelerate its global expansion, according to an official statement.…
Ikea has good reason to expand into India. The country has an emerging middle class dominated by millennial-age, mobile-first consumers, among other perks. That has led many retailers to eye the country as an alternative to faltering China. English is an…
US-retail giant Walmart is investing between $240m and $300m to bolster its presence in India by expanding its number of stores from 21 to 70 by 2020. “We have a cash-and-carry model, and the growth has been good for us,” Walmart India VP and head of…
While eCommerce can go off the rails when it comes to delivery, train companies are coming to the rescue. Because most customers are not at home during the day when parcels are delivered, Network Rail in the UK is solving this with its Doddle mail collections…
Luxury Italian brand Furla is planning more flagship stores in Asia as the region delivers strong growth for the 89-year-old family-owned company. In an exclusive interview with Inside Retail Asia, Furla CEO Eraldo Poletto explains how the company has bucked…
India is one of the largest producers of denim, with manufacturing capacity of 1.2 billion metres, but only 32% of Indians love or enjoy wearing denim, which is the least among the six denim hubs of the world. This was revealed by J Berrye Worsham, president…
High operating costs – particularly rents and labor in Asia – will ensure retailers are more cautious this year, concludes real estate specialist CBRE. In its annual Asian retail outlook, the company’s research department predicts many retailers will shift…
Tata Sons’ chairman emeritus Ratan Tata has invested an undisclosed amount of funding in retail technology startup SnapBizz Cloudtech Pvt Ltd. Earlier last month, the startup, which provides an Android-based connectivity platform to local offline grocers,…
Indian fashion conglomerate Genesis Luxury Fashion has formed an exclusive partnership to New York design house Coach to introduce it to the Indian market. The first Coach India store will open to coincide with the brand’s 74th anniversary this year. “We are…
Ratan Tata Now Invests In Retail Tech Startup SnapBizz. Tata Sons’ chairman emeritus Ratan Tata has invested an undisclosed amount of funding in retail technology startup SnapBizz Cloudtech Pvt Ltd. SnapBizz is now has presence in retail outlets in Mumbai,…
Apple is working to open retail stores in India, now the world’s second-largest smartphone market. Although Apple has eyed the country for a while now, the company’s plans point to a quick and rapid expansion to help its iPhone sales. Apple is working to open…
Labour rights groups are calling on H&M to do more to protect garment workers in Bangladesh, after a review of strategic H&M suppliers revealed “severe delays” in urgent building repairs. The Clean Clothes Campaign, the International Labor Rights Forum, the…
Imagine being in the hustle and bustle of everyday Mumbai traffic, and spotting an Apple Store across the street. This is about to get real, as Apple Inc. is on course to open its first single-brand retail outlet in India. Sources told Bloomberg that…
Foodpanda India has rubbished reports it will close down, parent Rocket Internet saying the market is one of its fastest growing internationally. “We are extremely happy with the development of our business in India,” Saurabh Kochhar, CEO, Foodpanda India…
Adding more products and international brands to its portfolio, online fashion retailer Myntra India aims to grow its outdoor and sports range revenue by 20 per cent over the next 15 months. Owned by Flipkart, the company earns about 15 per cent of its…
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