Topic
37 stories in this topic
The South Korea-based conglomerate, Hanwha Group, is reported to be contemplating the sale of FG Korea, the operator of the American burger franchise Five Guys in South Korea. FG Korea and Hanwha Group FG Korea functions as a fully-owned subsidiary of Hanwha…
The Seoul Bankruptcy Court has given the green light to the sale of South Korean grocery retailer, Homeplus. The decision was driven by a need to generate capital for debt repayment and to safeguard jobs within the company. Earlier this year, MBK Partners,…
All 138 units in the Wong Chuk Hang neighborhood were sold within just seven hours of their launch on Saturday morning, raising a staggering HK$1.53 billion (US$196 million), as reported by property agents in the South China Morning Post. Record-Setting…
Hong Kong billionaire Joseph Lau is making waves in the luxury auction scene, preparing to sell a stunning wine collection valued at over HK$35 million (approximately US$5.8 million). This extensive collection features more than 200 lots, highlighting some of…
Hanoi Real Estate Market Sees Moderate Price Declines Amid Shifting Demand Recent data reveal a slight downturn in property prices across Hanoi, signaling a shift in consumer trends within the real estate sector. According to a comprehensive analysis of over…
iPhone sales on TikTok Shop in Vietnam quadrupled between April and May to VND84.8 billion (US$3.33 million) before Apple shut down the distribution channel without explanation. According to YouNet ECI, a Ho Chi Minh City-based e-commerce data provider, FPT…
Vestiaire Collective, the online platform for pre-owned luxury fashion, has launched a charity sale to support the fight against coronavirus. Vestiaire Collective has partnered with more than 50 influential celebrities, including Kate Moss, Rachel Weisz,…
Asian cross-region flash sales platform OnTheList is celebrating its fourth anniversary. The firm offers apparel and other brands a subtle means quitting surplus or out-of-season stock as an alternative to scrapping it or selling at a discount in stores where…
Luxury fashion house Chanel has dispelled rumours it was planning a stock market listing after posting higher annual sales and profits on Monday. The company also announced it is not for sale. The French fashion label, owned by the Wertheimer family, said…
More than 70 per cent of e-commerce retailers are leaving money on the table – and it all comes down to a single digit in their online pricing strategy. ‘Left-digit bias’, or the economic behavior where consumers use the leftmost-digit of a price tag in…
Korean tourism authorities were set on January 14 for the official opening of the Korea Grand Sale, an annual event for foreign shoppers with events, promotions and sales across the country. This year’s event, jointly hosted by the Ministry of Culture, Sports…
The founder of Korea’s top gaming company Nexon has put the company up for sale, according to a local media outlet, in what could be the biggest such deal in Korean history. According to a report, Kim Jung-ju, chairman of NXC, the de facto holding company of…
During the year-end, it’s always the busy season for retailers and brands across the world and among them Southeast Asia is no Exception. The mega sale season typically experiences offline sales during Black Friday in December has moved online now because of…
High street giant Zara has finally confirmed it will be taking part in this year’s Black Friday event. The retailer has remained very tight-lipped about its plans for the shopping event which officially takes place tomorrow, and has even opted against…
Fashion brands need to put their foot down and take action to prevent “a race to the bottom” in terms of discounts as they threaten the survival of the whole fashion retail eco-system, Farfetch Chief Executive and Founder José Neves said. Online and offline…
Work will start soon on a revamp of One Raffles Place Shopping Mall aimed at improving shopper circulation and opening up the retail space for better visibility. As the mall will trade throughout the renovation, work is being phased to minimise disruption. At…
