Tencent and Hillhouse Capital have invested RMB1 billion (US$146 million) into fast-growing Chinese discount retailer Miniso. Founded just five years ago, Miniso has already grown to more than 3000 stores worldwide using what it describes as a “high quality,…
Hong Kong coffee shop Elephant Grounds will open in the Philippines. The popular micro-roaster and cafe, which launched in 2013, has five locations in Hong Kong. It is known for its wooden decor, garden-inspired interiors, bakery items and ice-cream…
Filipino chocolate brand Auro is expanding to Japan. The first Auro Chocolate store will open on October 7 in Frenity House in Shibuya City, a special ward of Tokyo. The brand was discovered during a trip to the Philippines by the father of the founder of…
US restaurant chain Panda Express is heading to the Philippines. Jollibee Food Corp says it will launch Panda Express Philippines, dubbed “the Chinese kitchen” in North America, after creating a 50-50 joint venture with the parent Panda Restaurant Group. The…
Jollibee Food Corp on Thursday said it would bring Panda Express to the Philippines, the popular “Chinese kitchen” in the US. The initial phase of the 50/50 joint venture between JFC and Panda Restaurant Group Inc intends to develop 5 Panda Express outlets in…
Brits are about to have a taste of “bida ang saya” (joyful experience) as Jollibee Foods has started its expansion in the United Kingdom with a ceremonial launch of its first store on Sept. 25. Cabinet secretaries visited the store on the sidelines of an…
Developing Asia could grow more slowly than previously thought next year as the US-China trade war inflicts damage on the region’s export-reliant economies, the Asian Development Bank (ADB) said. Tightening global liquidity could also weigh on business…
Philippine fast-food chain Jollibee has hinted at opening its first store in the United Kingdom. The potential of a Jollibee UK debut was revealed in a tweet featuring a photo of its mascot bee with British Ambassador to the Philippines Daniel Pruce,…
Innisfree Philippines is opening its first doors, at SM Mall of Asia in Manila. The store is currently being fitted out, but the corner site on the ground floor of the mall already carries signage of the South Korean beauty brand. While the opening day has…
Filipino eyewear brand Sunnies Studios has announced plans to expand into Vietnam. The fashionable brand, specialising in affordable frames for women, has enjoyed a successful run in the Philippines with more than 40 branches. The Vietnam store, expected to…
Philippine fast-food operator Jollibee has bought a 47 per cent stake in US-based Mexican food chain Tortas Frontera. The US$12.4 million acquisition was announced in a disclosure to the Philippine Stock Exchange. Chairman Tony Tan Caktiong said would help…
Japanese fast-food chain Ringer Hut is preparing to launch in the Philippines. The Tokyo-based firm will open a joint venture with local partners, taking a 40 per cent stake in the new business. The company had previously indicated that legal advice showed…
America’s Red Lobster restaurant chain will open its first Philippines outlet by the end of this year. Planned for the S Maison at Conrad Manila in Pasay, the branch will be operated under Red Lobster’s partnership with The Bistro Group. “We’re America’s No.…
Japanese fast-food chain Tokyo Tokyo has launched a new store concept in the Philippines. The revision overturns the previous casual brand image, presenting a more authentic cultural atmosphere to the chain’s restaurants. The Tokyo Tokyo Philippine flagship…
Chicago-based travel product retailer Travelon has opened its first standalone store in the world – in the Philippines. The brand specialises in anti-theft luggage – bags with straps that cannot be cut, slash-proof materials, locking zips and even…
CIMB Bank Philippines Inc has signed a memorandum of agreement with G-Xchange, Inc (GXI) for the purpose of creating and marketing financial products on the latter’s digital platform in the Philippines. In a filing with Bursa Malaysia, CIMB Group Holdings Bhd…
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