Burger King Malaysia and Singapore has a new owner after previous franchisor Ekuinas sold out for US$18 million. Ekuiti Nasional Bhd (Ekuinas) has sold the operation to Newscape Capital (Newscape) with the agreement of BK Asiapac Pte Ltd, the master…
Listed IT chain Challenger Singapore plans to open new stores this year as sales increase despite the city’s retail malaise. Challenger currently operates 45 stores in Singapore, a flagship megastore, 22 superstores and 22 small format stores. The company…
British footwear brand Clarks says it sees Asia Pacific growth as a “a key strategic focus” for the company. The 190 year old, £1.5 billion business, plans to open 100 stores in the region in the next 12 months. “As we celebrate a significant birthday, we are…
Fashion denim brand G-Star Raw says it is considering forays into Malaysia and Vietnam after a successful debut in India. G-Star recently opened its first Indian store in Mumbai’s Palladium Mall and plans a network of up to 35 stores by 2020 in partnership…
Japanese retail giant Fast Retailing is planning to open seven new Uniqlo Malaysia stores. Two of the stores are planned for Sabah and Sarawak in eastern Malaysia and will mark the brand’s first foray into the eastern region after establishing a strong…
More men are shopping online in Malaysia than ever before. And nearly half of the nation’s online shoppers are doing so on mobile devices. Those are two of the key findings of online marketplace 11street’s Online Shopping Index for 2015. The split between men…
Consumers across Southeast Asia and Greater China feel safer paying in a brick and mortar environment as opposed to online; sole exception is China According to the inaugural MasterCard Safety and Security Index, consumers across Southeast Asia and Greater…
Singapore online grocer RedMart has raised more capital and appointed a former Amazon executive to drive regional expansion. RedMart Singapore has previously indicated an interest in expanding into Vietnam, Thailand, Manila, Hong Kong, Indonesia, Malaysia and…
Chinese outdoor apparel brand Telent says it plans to set up retail points of sale in Malaysia as a first step in a broader Southeast Asian push. Telent specialises in the design, manufacture, marketing, brand management and distribution of branded outdoor…
AirAsia Bhd emerged the gold recipient for the “Transportation, Travel & Tourism” category for the sixth consecutive year at the Putra Brand Awards 2015. The award was given to AirAsia for the airline’s continued presence as the country and the region’s…
11street (www.11street.my), one of the largest online marketplaces in Malaysia, today showcases its Online Shopping Index, which identified the latest changes in online shopping behaviours of local consumers, as well as specific e-commerce insights during the…
Malaysia’s Axiata says profits rose sharply in the second quarter, thanks to contributions from various overseas interests, and claims to have seen improvements in the markets of Malaysia and Indonesia, where it has been struggling amid fierce competition.…
Malaysian apparel retailer and property investor Wing Tai says it remains confident that the nation’s retail sector will bounce back in the wake of the GST-driven retail sales downturn. The company has reported a 41.8 per cent slump in profit in the three…
Strong sales in Malaysia and Indonesia have buffered electronics and furniture retailer Courts Asia from Singapore’s retail downturn. The company has reported a 19 per cent increase in quarterly profit, to S$6 million in the three months to June. “Our…
A new shopping centre announced for Malaysia’s southern city Johor Baru, will be the largest mall in town when it opens in late 2016. Paradigm Mall was launched by Malaysia’s Tourism and Culture Minister Datuk Seri Mohd Nazri Aziz. It will be developed by WCT…
Singapore retail jeweller Soo Kee Group has launched an IPO to raise funds for expansion in Singapore and Malaysia. Soo Kee will sell 112.5 million shares at S$0.30 each, which will raise $33.75 million after expenses. The majority of the shares will be…
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