Reporting and analysis on retail, e-commerce, and consumer trends in Philippines, updated continuously by our newsroom.
SM Retail, a subsidiary of SM Investment Corporation (SMIC), has called off a planned acquisition of Goldilocks Bakeshop chain in the Philippines. This follows the Philippine Competition Commission (PCC) approving the takeover just last month. Citing changes…
Gross Domestic Product (GDP) posted a 6.6 percent growth in the fourth quarter of 2017, driving the economy to grow by 6.7 percent for the entire year of 2017. Manufacturing, Trade and Real Estate, Renting and Business Activities were the main drivers of…
Philippine clothing brand Bench has opened its own cafe, in its Bonifacio High Street flagship store in Bonifacio Global City, Taguig. The interior was designed by Miguel Pastor, and the food is by the Foodee Group under executive chef Carlo Miguel. He has…
Indonesia improved its ability to attract professionals and keep the existing skilled workforce, the annual Global Talent Competitiveness Index showed on Wednesday (24/01). The report was released during the World Economic Forum by graduate business school…
The Philippines’ state-run National Transmission Corporation (TransCo), the owner of the nation’s power grid, is close to a deal with the private operator of the grid National Grid Corp (NGCP) to use NGCP’s transmission facilities as the backbone for its bid…
Historic British footwear brand John Lobb Bootmaker has stepped into the Philippines with a store beside Hermes at Greenbelt 3 in Makati City, Manila. Founded in Basingstoke in 1849 and opening a store on London’s Regent Street in 1866, the brand is known for…
They say Jollibee is an indicator of progress. There’s this notion that when there is a branch of Jollibee in a place, it can be considered as a city. This may not be necessarily true but no one can argue that Jollibee, indeed, is an indicator of progress as…
Jollibee Vietnam is celebrating the opening of its 100th store, in the Mekong Delta city of Can Tho. “Vietnam is home to our largest Jollibee network outside of the Philippines, and as such will always hold a special place in Jollibee’s history,” says…
Online fashion destination Global Fashion Group (GFG) has appointed co-CEOs, who will take up their roles on February 1. Patrick Schmidt and Christoph Barchewitz will be responsible for the overall strategic and working development of GFG, working with the…
Wolfgang’s Steakhouse has opened its second branch in the Philippines, at the new Podium Mall in the Ortigas Center, Mandaluyong. And the president of the New York-based restaurant, Peter Zwiener, says a third branch is on its way. Its first branch launched…
Korean coffee chain Caffe Bene has collapsed, filing for a court-led restructuring scheme on Friday. Yonhap news service reports the court will soon decide whether to put the ailing coffee chain under its receivership or commence liquidation. The legal move…
Stronger store traffic drove overall sales for cosmetics retailer Sa Sa International for its third quarter to the end of December. This was in line with expectations, says the company. Total transactions increased by 5 per cent year on year to 5.1 million,…
Following a “banner year”, Shakey’s Pizza Asia Ventures (SPAVI) plans to add 20 restaurants to reach a total of 228 outlets by year end. In a disclosure to the Philippine Stock Exchange, the family-led company says it opened 24 stores last year, exceeding its…
SM Retail has received approval from the Philippines antitrust body to acquire the Goldilocks Bakeshop chain. This follows the two parties submitting commitments to address potential competition issues in the deal, says the Philippine Competition Commission…
Petron Corp., the largest oil refining and marketing company in the Philippines, is projecting earnings of about $600 million a year once the planned expansion of its refinery in Malaysia is completed. “Once the expansion is finished, we are expecting…
W Tokyo is partnering with Manila online shopping company Hallohallo to open a Tokyo Girls Collection (TGC) store in the Philippines. Set to launch in May, the boutique will be at the Vertis North complex in Quezon City, Manila. In the mall’s Japan Town…
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