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22 stories in this topic
Corby Spirit and Wine Limited has divested its British rum brand, Lamb’s, for the sum of US$39.2 million ($55.5 million) to Canadian and French firms, Phildan and Cofepp, respectively. Lamb’s holds a predominant position among rum brands in the UK and Canada,…
Private equity firm Bain Capital has finalized the purchase of the globally recognized bubble tea franchise, Gong Cha, in a deal worth roughly $635 million USD. This acquisition comes after widespread speculation concerning the future of the well-known…
NTT DOCOMO, a prominent telecommunications company, has reported a remarkable surge in subscribers for its innovative Docomo Starlink Direct service. The subscription numbers exceeded 5 million just over two months after the service was launched, signaling a…
Hongkong Land, a leading property investment, management, and development group, has successfully secured a deal to purchase Singapore’s premium shopping centre, Wheelock Place. The purchase, valued at approximately US$900 million, is being transacted through…
The Philippine government has sanctioned an unprecedented 12% increase in the daily minimum wage for Metro Manila, providing an additional 85 pesos (US$1.4) in two separate instalments beginning later this month. This decision is set to impact over 1.1…
VinFast, a prominent electric car manufacturer, has unveiled a bold strategy to supply one million electric vehicles (EVs) to Green SM, a rising ride-hailing service, by 2030. In addition to this, the deal stipulates the addition of four million electric…
Thai retail powerhouse CP Axtra has secured a deal to acquire the Malaysian supermarket operator, The Food Purveyor, for a sum of US$421.6 million. The Food Purveyor’s Market Presence The Food Purveyor boasts a wide range of premium grocery brands under its…
U.S. entertainment giant, Playboy, is set to sell half of its Chinese operations to UTG Brands Management Group, a local operator of consumer brands. The deal, worth $122 million, will see UTG take responsibility for managing all operational aspects of…
Yum China, the parent company of KFC in China, reported a significant expansion in its digital loyalty programs which now boast over 590 million members, accounting for over 40% of the country’s population. Growth in Loyalty Programs According to Yum China’s…
The expansion and modernization of 5G networks, coupled with the increasing use of IoT/M2M connectivity and strong government backing for these ecosystems, is set to significantly increase M2M/IoT cellular connections in Australia. By the end of 2030, it’s…
Indosat Ooredoo Hutchison (IOH) has announced significant success in the initial months following the launch of its AI-powered Anti-Spam and Anti-Scam feature. Just three months after its introduction, the feature has blocked hundreds of millions of potential…
Vodafone Idea (Vi) recently experienced a substantial win in the Supreme Court after the government agreed to revisit its request for additional adjusted gross revenue (AGR) dues from the corporation. The government’s decision is expected to be in accordance…
From the start of the year through October 15, Vietnam exported more than 7 million tonnes of rice. Despite this significant export volume, domestic paddy and rice prices have seen a decline due to reduced purchases from exporters. Rice Export Data The…
Siam Paragon, a well-known retail destination situated in Bangkok, Thailand, is set to launch three new world-class attractions later this year. The initiative, which represents an investment exceeding THB 1.25 billion (approximately US$39 million) and a…
Internet-based, fast-fashion purveyor Shein has come under fire from France’s data protection authority, resulting in a fine of 150 million euros ($175.61 million USD) for the company’s misuse of cookies. This decision has been contested by Shein, who plans…
Cuscaden Peak Investments has made the decision to put the Clementi Mall, located in Singapore, on the market. The asking price for the suburban, mid-range shopping hub is expected to be around S$750 million, as per sources privy to the matter. Property…
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