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Uber, one of the leading global mobility and food delivery platforms, has confirmed its decision to acquire another significant player in the industry, Delivery Hero. The agreement, which values Delivery Hero at approximately €13.0 billion (US$14.8 billion),…
Niklas Ostberg, the founder and CEO of Delivery Hero, has announced that he will be stepping down from his executive role after 15 years steering the global food delivery enterprise. The company has initiated a hunt for Ostberg’s successor, aiming to fill the…
Niklas Ostberg, the founder and CEO of Delivery Hero, is set to step down from his leadership role after a notable 15-year tenure at the helm of the global food delivery enterprise. As a result, the company has launched a search to find a suitable successor…
Hero MotoCorp’s second launch for the day is the all-new Pleasure Plus scooter. The new Hero Pleasure 110 is priced at ₹ 47,300going up to ₹ 49,300 and gets comprehensive upgrades over the outgoing version with a revised design, new colors and more features…
Dickson Concepts has unveiled a new luxury retail concept merging the cutting-edge technology with a personalised styling service, to be launched under the Harvey Nichols banner. The first flagship store for the new format will be unveiled at Pacific Place in…
Hong Kong-headquartered multi-format retailer Dairy Farm International has celebrated its 130th anniversary with a strong set of results, with food, home furnishings and restaurants delivering higher profits. Total sales, including those of associates and…
Dairy Farm International’s Indonesia operation continues to struggle in food – but Ikea trades above expectations. The Hong Kong-listed company holds a controlling 83.9 per cent share in PT Hero Supermarket Tbk, which operates Giant hypermarkets and grocery…
Convenience store and grocery retailer Hero Supermarket is to exit the troubled Starmart Indonesia business. Hero, a subsidiary of Hong Kong-headquartered Dairy Farm International, has announced the sale of 80 stores to Fajar Mitra Indah, a subsidiary of…
Retail company PT Hero Supermarket (Hero) will spend up to Rp 640 billion (US$48 million) this year for business expansion with retail plans to open stores in several cities across the country. The move will be made to restore the company’s disappointing…
Dairy Farm Indonesia is reviewing the future of its Starmart convenience store chain after closing nearly a third of its stores in the latest half year. The chain has been hit hard by the Indonesian government’s moves to limit the sale of alcohol, banning…
Hero Indonesia, the supermarket and healthcare retailer, is looking to Ikea to boost its fortunes after a disappointing 2014. The retailer, 81.9 per cent owned by Hong Hong based Dairy Farm International, has reported a 14 per cent increase in net revenue and…
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