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Thailand is working to stimulate the consumption and distribution of 300,000 metric tons of southern durian due to an oversupply caused by a decline in exports to China, primarily related to quality issues. The director-general of the Department of Internal…
Metro, a well-known retailer based in Singapore, has announced plans to shutter its department stores located at Paragon on Orchard Road and Causeway Point. This decision comes in line with the company’s strategic pivot away from traditional large-format…
Thailand is advancing a significant cruise terminal project, valued at THB12.2-billion (US$362-million), on Koh Samui, the country’s second-largest island. The terminal has been designed to accommodate large cruise ships and is part of 262 substantial…
California’s Vuori, an activewear brand, is reportedly putting China at the forefront of its global expansion strategy. The company’s intention is to expand its global store network more than twofold. China at the Heart of Vuori’s Expansion Plan In a recent…
Guofu Ye, the founder of retailing company Miniso Group Holding, is planning to augment his ownership in the business by a minimum of HK$50 million (US$6.4 million). Over the course of the next year, Ye intends to elevate his shareholding by purchasing more…
Gap, the prominent American clothing retailer, is said to be significantly expanding its footprint in Greater China. The company’s plans include opening 50 fresh storefronts throughout mainland China during the current year, as well as reestablishing its…
A report by HSBC Life reveals that a significant percentage of Asian high net worth individuals (HNWIs) do not have legacy plans in place, thereby exposing substantial wealth to potential vulnerabilities. This lack of planning is especially prevalent among…
Thailand’s Central Retail, a notable force in the retail industry, is gearing up to increase its investments in Vietnam. The company has announced its intentions to initiate the launch of over 30 new large-format stores in the country within the upcoming…
Cafe Amazon, a coffee chain operated by PTT Oil and Retail Business (OR), is accelerating its global expansion plans. Notably absent from its target locations, however, is Vietnam. This strategic decision follows the withdrawal of a Thai investor from Cafe…
The Australian Federal Government has made significant strides towards safeguarding the validity of cash as a payment mode for everyday necessities by issuing key provisional regulations mandating the acceptance of cash for fuel and groceries. Details of the…
Chinese athletic apparel corporation, Anta Group, recently announced its ambitious strategy to establish 1000 retail outlets in Southeast Asia within a span of three years. Anta Group currently manages a portfolio of nearly 13,000 stores, more than 200 of…
Anta Group, a Chinese sportswear company, has announced its goal to reach a total of 1,000 stores in Southeast Asia within the next three years. Currently, the group operates almost 13,000 stores globally, including more than 200 in Southeast Asia. These…
Chipotle, a popular American fast-casual restaurant chain, has announced plans to penetrate the Asian market in the coming year. The expansion will begin in South Korea and Singapore, through a strategic collaboration with SPC Group. Chipotle’s Asian Debut…
Oat Milk Goodness (OMG), a renowned Australian plant-based beverage firm, recently announced its plan to extend the reach of its popular 1L Barista Oat Milk to 900 Woolworths outlets across the nation by November. This is a significant increase from the 544…
Keurig Dr Pepper (KDP) has announced its forthcoming acquisition of JDE Peet’s, the renowned European coffee titan, in a significant deal worth A$25.9 billion (€15.7 billion). This bold strategic move will result in the division of the company into two…
The South Korean quick-service restaurant chain, Lotteria, is set to enter the Malaysian market by the end of the current year. This move is a result of a strategic alliance with the local firm, Serai Group. Exclusive Partnership with Serai Group As part of…
