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In a significant maneuver towards streamlining its operations, luxury conglomerate Kering has divested its beauty division to L’Oreal. The deal, valued at US$4.6 billion (EU$4 billion), is part of Kering’s broader strategy to concentrate on its essential…
In the first quarter of the upcoming year, the renowned Italian luxury streetwear brand, Off-White, is set to make its debut in the Indian market. This move is a result of an exclusive distribution partnership with Brand Concepts, a prominent fashion retail…
Gemfields, the mining group, has disclosed the sale of its entire ownership in the esteemed jewellery brand Fabergé. The purchaser, U.S.-based SMG Capital, procured the brand for a sum of US$50 million – a cost that many in the industry have described as…
At the sidelines of the APEC Summit in Manila in November of 2015, Foreign Affairs Secretary Albert del Rosario and Vietnam Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh signed the strategic partnership agreement on behalf of their…
U Mobile has announced an exciting partnership with OCK Telco Infra Sdn Bhd, a fully owned subsidiary of OCK Group Berhad, designed to accelerate its nationwide 5G rollout. With a newly inked memorandum of understanding (MoU), OCK is set to become one of U…
Swiss private bank Lombard Odier has forged a significant strategic alliance with Kuala Lumpur’s Hong Leong Bank, reinforcing its presence in Asia’s dynamic financial landscape. Forging a Strategic Alliance This partnership, announced by Lombard Odier…
A seasoned executive is stepping into a pivotal role at Chain IQ, the global leader in indirect procurement. Uwe Krueger, with over 20 years of leadership experience in sectors ranging from industrial services to energy, has joined the board of directors,…
In a significant development for the educational landscape in Vietnam, the British University Vietnam (BUV) has been officially designated as a key international partner by the University of London (UoL). This recognition was solidified during a visit by UoL…
Australia Post and IKEA announced a new strategic partnership, entering into a three-year agreement to further expand IKEA’s delivery footprint in Australia. With ten stores in six states and territories Australia-wide, the Swedish retailer’s focus on…
Convenience giant bp is teaming with Uber Technologies on a new global strategic convenience delivery partnership, extending their existing local arrangements to reach more consumers across the world, the companies announced Tuesday. Together, bp and Uber…
Alibaba Group’s marketplace Taobao Deals launched a 10-Yuan Store this week for China’s bargain hunters seeking daily necessities. Goods are priced below RMB10 (US$1.57) each at the digital stores, which are similar in concept to dollar stores in the US or…
Starbucks today announced an integrated partnership with Grab, Southeast Asia’s leading superapp, across six markets, including the Philippines, Thailand, Singapore, Malaysia, Indonesia, and Vietnam. The partnership will provide customers across Southeast…
Apple is preparing to expand its CarKey feature which was first announced at WWDC 2020. The feature, two years into its unveil, has been relegated to select BMW models in limited countries but now according to famed Apple watcher Mark Gurman, the feature…
The reinsurer is tasking an Indian information technology company with the operation of its digital workstations. Swiss Re is extending its partnership with consultancy firm Tata Consulting Services (TCS) to manage its digital workstations. The multinational…
U.S.-based ride-hailing app owner Uber Technologies and Europe’s largest retailer Carrefour are to launch a new rapid grocery delivery service in Paris, extending their 18-month partnership, the two companies said on Tuesday. Carrefour Sprint will offer a…
Its growing cooperation follows Ripple’s acquisition of a 40 percent stake in Tranglo to scale the footprint of RippleNet in APAC and beyond. Tranglo has launched its first live On-Demand Liquidity (ODL) service on RippleNet to enable instant and low-cost…
