Reporting and analysis on retail, e-commerce, and consumer trends in Japan, updated continuously by our newsroom.
Sukiya beef bowl chain’s operator, Zensho Holdings, is to acquire burger franchise Lotteria Japan from Lotte Holdings for an undisclosed sum. The deal is expected to be completed on April 1. Entering Japan in 1972 with the first store opened in Tokyo’s…
Japanese seafood producer Yamanaka wants to partner with Vietnam agencies to raise oysters locally for both domestic and international markets. A feasibility research conducted by Yamanaka in the central province of Khanh Hoa since June last year, with the…
The companies said Friday that sushi restaurant chains Akindo Sushiro Co. and Genki Sushi Co. are in merger talks to speed up the expansion of their overseas business. Akindo Sushiro operates Japan’s largest conveyor belt sushi chain with around 470…
Saigon Beer brewer Sabeco saw revenue jump 33% from 2021 to VND35.24 trillion ($1.5 billion) last year as consumption bounced back after two years of Covid-19. The brewer’s post-tax profit surged nearly 40% to VND5.5 trillion, the highest level since it was…
Lifestyle retailer Miniso Group has unvieled a shift in the management board, with executive VP Steven Saiyin Zhang departing. According to Miniso, Zhang has resigned as CFO, executive VP, and executive director, effective immediately, for personal reasons…
AirAsia X (AAX) has resumed flights between Kuala Lumpur and Kansai Airport (KIX) in Osaka, Japan. The thrice weekly flights to Osaka are expected to carry more than 116,000 travelers between Malaysia and Japan monthly and deliver a welcome boost to both…
Japanese giant Sumitomo Mitsui Banking Corporation has sold a 10.8% stake in Vietnam’s Eximbank, reducing its ownership to 4.27%. It sold 132.8 million EIB shares at VND27,750 ($1.18) on January 13, according to a release by the Vietnamese bank. The value of…
The service shutdown in Japan follows in the wake of the collapse of FTX and adds more uncertainty to the global crypto market. Kraken, the US-based cryptocurrency exchange and bank, indicated that it is closing its exchange services in Japan. In a blogpost…
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…
The company said that Japanese eyeglasses seller Aigan will leave the Chinese market as the impact of the coronavirus dims its hopes for turning a profit. Already weak earnings in China have been squeezed further by coronavirus-related disruptions that forced…
Japanese ¥100 shop operator Daiso Industries aims to increase the number of its stores in the United States more than 10-fold in the long-term, as soaring inflation has spurred more American consumers to look for high-quality products on a budget. The value…
Italian fashion retailer Diesel has launched its new flagship store in Japan, at Ginza Marronnier Gate 1, Tokyo. The shop, which features two floors, is designed by creative director Glenn Martins with red and white as the primary theme colors. Diesel says…
Paris-based fashion brand Lemonplet has launched its first flagship location in Japan, as part of its Asia expansion plan. The store, in Omotesando, Tokyo, has a 92.56sqm retail space and is adorned with warm tones and flora throughout the space. There is…
AirAsia today announced the resumption and launch of flights to Japan, namely Tokyo, Sapporo (via AirAsia X) and Fukuoka. Moreover, the airline company also announced the launch of a new direct route from Penang to Bali. In a press release regarding its 5…
Yoshitsu, a retailer and wholesaler of Japanese beauty and health products, as well as sundry products and other products in Japan, today announced the grand opening of its physical retail store (the “Store”) in Hong Kong on August 30, 2022. The Store is…
Aeon Hong Kong is set to open the territory’s first Komeda’s Coffee store next month after securing the regional franchise rights to the Japanese cafe chain earlier this year. Aeon Hong Kong said the Komeda’s Coffee store will be situated inside Aeon Style…
Weekly Briefing
Tuesday, Thursday and a Saturday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.