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Toys’R’Us has announced that Monika Merz, president, Asia Pacific, will retire effective May 31. Her successor will be named later. As president of Toys’R’Us Asia Pacific, Merz oversees all operations and business activities for the company’s more than 300…
THE exodus of executives from Colliers International Singapore has continued this week. This time, some senior executives in its industrial services team including the division head are leaving for a rival firm. Colliers’ executive director and head of…
Lotte Group, a leading South Korean retail giant, vowed Thursday to nurture its female leaders to provide equal opportunities in its workforce. Group chairman Shin Dong-bin said in a forum that his conglomerate would increase female leaders to 30 percent of…
GS Retail vice chairman Huh Seung-jo stepped down from his post in the latest executive reshuffle announced by GS Group on Tuesday. He has been replaced by his nephew and GS Retail president Huh Yeon-soo, the son of Huh Shin-goo — the fourth son of the GS…
NTUC FairPrice has announced the resignation of CEO Tan Kian Chew on December 31 after 23 years with the company. Tan will join the Singapore Labour Foundation as CEO. His replacement has been named as Seah Kian Peng, who will commence on January 1. Tan…
Logistics firm DHL Global Forwarding (DGF) Philippines Inc has appointed Imran Shaikh as its new country manager. A certified Global Logistics Specialist, Imran has over 15 years of experience in international logistics, accounts management, freight…
Symphony EYC, which supplies software program and providers for greater than 1000 retailers, producers and wholesalers globally, has made two key Asian government appointments. Oscar Garcia-Velasco turns into VP Asia Pacific and Japan and Henry Chen GM of…
China’s e-commerce giant Alibaba Group on Thursday named Daniel Zhang, currently Chief Operating Officer, CEO of the group, effective on 10 May 2015. Current CEO Jonathan Lu will remain on the board of directors of Alibaba Group as Vice Chairman. He will work…
UK luxury footwear brand Church’s will now be available in India, priced at up to Rs. 72,000 (USD1,159.72), following an exclusive distribution tie-up with multi-brand retailer Heel & Buckle. “UK’s iconic luxury footwear brand Church’s is entering into India…
Ganesh Subramanian, Chief Operating Officer at Myntra.com, has been given a new responsibility as Head – New Initiatives with immediate effect. Confirming the development, Subramanian told BusinessLine: “As a company, we are thinking long term. Therefore, we…
In the first fiscal quarter ended 30 November,, the Japanese clothing giant Fast Retailing has totaled revenues of JPY479.5 billion yen (USD4 billion) , an increase of 23 percent over the same period before . For the full year , the management estimates that…
What do you do if you manage a company that has just ousted its founder following a string of sexual harassment allegations? The answer is to ban workplace romances – at least according to the fashion chain American Apparel. The retailer has barred managers…
UK supermarket giant Tesco PLC has announced “difficult changes” to its business at the start of the year, including the closure of 43 stores, lower prices on the country’s favourite brands, flat investment in payroll, and significant revision to its store…
Beijing based supermarket chain Wumei Holdings will pay CNY1.4 billion (USD225 million) for a majority stake in home decorating chain B&Q China whose parent Kingfisher failed to spur growth in the home decoration market in the world’s second-largest economy.…
