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Singapore’s well-known coffee brand, Alchemist, has successfully launched in Japan, marking its first venture outside its home country. The company inaugurated its two international outlets in Tokyo, thereby cementing its global footprint. New Store Locations…
In a strategic move to bolster its supply chains amidst global uncertainties, Lidl, one of Europe’s largest supermarket chains, is setting its sights on sourcing more products from Vietnam and Malaysia. This shift marks a significant step in the company’s…
MBK Partners, a private equity firm primarily operating in Northeast Asia, recently announced plans to sell its struggling South Korean supermarket chain, Homeplus. This move aims to prevent the retailer from going under. In an attempt to keep the firm afloat…
on Vina T&T, a major player in the fruit export sector, is making headlines as it offers a staggering VND 220,000 (approximately US$8.47) for a dozen coconuts—the highest recorded price to date. With prices more than doubling year-on-year, this surge reflects…
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…
McDonald’s became the symbol of glasnost in action 30 years ago when it opened its first restaurant in Moscow. But after temporarily shutting down more than 800 restaurants following the invasion of Ukraine, McDonald’s has decided to leave Russia altogether.…
Lotteria Vietnam has said that it will continue its business expansion in Vietnam amid Korean media reports of its closedown over a net loss of nearly US$9 million. The company, which is operated by Lotte GRS under South Korea’s Lotte Group, dismissed a media…
Chinese tea chain Nayuki will launch its first stores in Japan and the US this year. The firm, which operates nearly 400 stores in China and three in Singapore, serves tea blended with fruit, cream cheese and toppings. “With our commitment to becoming an…
Coffee shop giant Starbucks has temporarily closed seven stores in Hanoi’s southwestern districts over the ongoing oil contamination crisis. A customer service agent said Friday that the closed stores are located in Cau Giay, Ha Dong and Nam Tu Liem…
Chinese discount merchandise chain Miniso says it expects to have 100 stores trading in Australia by the end of next year. “Australia is a key country in the world for the rapid expansion of Miniso,” said Miniso Australia VP Richard Li. “Our chain of stores…
Chinese tea chain Heytea will open a new store at Westgate, Singapore on Saturday. The minimalist store design is inspired by the traditional Chinese handscroll and attempts a “Zen” vibe intended to provide customers with an immersive store experience to…
Coffee chain % Arabica Singapore is to open three stores initially, the first at 56 Arab Street on June 28. After many delays due to construction and interior works, the Arab Street outlet of the Japanese coffee house will opened with seating for 20 and…
The liquidator of collapsed music chain HMV has backed away from a retail sale of the company’s inventory. Liquidator Wong Sun-keung, a partner at accounting firm Vision AS, said the administrative costs of launching such a sale – especially the rent – would…
German wholesaler Metro has called for bids for its China operations. The firm was reported last September to be considering exiting its Metro China retail business as part of a plan to focus on wholesaling activities worldwide. The sale is partially in…
US-based restaurant chain Wing Zone plans to open five more outlets in Manila by the end of this year ahead of pursuing more Southeast Asian opportunities. As Wing Zone opens new restaurants internationally, the company is exploring more local flavours and…
US Mexican-themed dining chain Taco Bell says it plans to drive growth by expanding its presence in Asian markets. The brand intends to double its number of overseas restaurants to more than 500 outlets within the next few years. Taco Bell’s previous rollouts…
