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Anta Sports Products, a prominent Chinese sportswear manufacturer, is reportedly considering the acquisition of German sportswear brand, Puma. It’s understood that Anta, listed on the Hong Kong stock exchange, is currently working with an adviser to examine…
French cosmetics giant, L’Oréal, has announced its minority stake acquisition in Chinese skincare brand, Lan, signifying its second investment in China within recent months. This investment comes at a time when local brands in China are experiencing…
Le Saunda, a prominent footwear retailer in Hong Kong, recently revealed disappointing financial results for the first half of the fiscal year. The company’s performance reflects a troubling trend, marked by widespread losses across its operations.…
Chinese beverage company Chagee Holdings is maintaining its focus on premium products, even in the face of falling sales and profits as customers turn to more affordable competitors. The company’s co-founder, Shang Xiangmin, stated in a recent interview, “We…
Chinese retailers are capitalizing on the annual ‘Singles’ Day’ phenomenon by extending the sales event for up to five weeks. The sustained retail strategy is being deployed by industry giants Alibaba and JD as they strive to stimulate consumer interest…
LVMH, the world’s largest luxury goods group, has reported a 1% increase in sales in the third quarter. This uptick, the first instance of growth this year, was largely driven by an enhanced demand in China. With a diverse portfolio spanning fashion, alcohol,…
In the last year, an unprecedented influx of Chinese restaurants and cafes has made their mark in Singapore. These establishments view the island as an ideal launchpad for their global expansion plans, largely spurred by lackluster consumer demand, fierce…
As South Korea prepares for the much-anticipated return of Chinese tour groups from September 29, retailers are taking proactive measures to welcome them. To cater to these visitors, who will be allowed visa-free entry, a wave of new promotions is on the…
Chinese tea retail chain Cha Bai Dao, widely known as ChaPanda, is preparing to launch its inaugural US-based store in Flushing, a neighborhood in Queens, New York City. Main Street Debut The new store is slated to open on Main Street, an area identified by…
The A2 Milk Company has reported a significant increase in its revenue for the current financial year. The group’s revenue rose by 13.5 per cent, reaching $1.9 billion, a notable increase from last year’s $1.67 billion. Financial Growth and Profit This upward…
Ingka Group, the largest retail operator for Ikea, has invested in recycling expert Re-mall, reinforcing its commitment to reducing waste and enhancing the supply of recycled materials. The specifics of this investment have not been publicized. A New Alliance…
Benlai, a Chinese brand specializing in technical apparel, has recently inaugurated its first outlet in Langham Palace, Hong Kong. This move comes as the brand’s second venture outside China, following its successful establishment in Bangkok last year,…
ChaPanda, a renowned Chinese milk tea brand, is making its daring entry into the Singaporean market by launching two new stores in prime locations. The First Two Outlets The brand’s inaugural outlet in Singapore has already opened its doors at Scape, a…
Covid-19-induced changes in consumer behavior could prove a new tidal change in the direction of China’s influence, according to new research by market intelligence agency Mintel. The report suggests that mass self-quarantine, caused by the outbreak, will…
More than 1 million orders were placed and processed through voice command via Alibaba’s Tmall Genie during its 11.11 Global Shopping Festival on Monday. The smart speaker was used to purchase items throughout the day – including 810,000 eggs, 1.4 million…
Starbucks China has opened its first Signing Store, staffed entirely by deaf or hearing-impaired people. The store is in Guangzhou, in Guangdong Province which is home to about 4 percent of China’s deaf population. It is Starbucks’ third Signing Store,…
