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Japanese retail giant Seven & I has reported a 15.8 per cent increase in net sales for the nine months to November. Profit rose by a less impressive 2.9 per cent. The 7-Eleven parent said its overseas convenience store business achieved an impressive 15.7 per…
US private-equity company General Atlantic has made its first investment in Indonesia by buying into lifestyle retailer Mitra Adiperkasa (Map). It has subscribed for Rp1.08 trillion (US$80.5 million) in bonds issued by Map which are convertible into shares in…
Maison Margiela Japan has opened a new boutique in the Seibu Department Store in Ikebukuro, Tokyo. Customers of the fifth-floor store are greeted with marble flooring and walls adorned with lush cotton drapery. In between merchandise displays are silver…
Many customers buy imported food and wine at Hong Kong’s City’super but few would know the group of founders were closely involved with a chain of Japanese department stores. In the 1980s high-end retail fashion and food markets were dominated by those…
Indonesia has welcomed Rusty Lopez into the market – and wants more Philippine fashion brands to follow. The shoe brand from Marikina City has opened its first overseas outlet in Jakarta’s Seibu Department Store in Grand Indonesia Mall. Other Philippine…
Losses have forced two Seven & I store closures in regional Japan, both outlets after 40 years of trading. Seven & I Holdings, which owns the Sogo and Seibu department store chains, is closing a Sogo store in Kashiwa, Chiba Prefecture, and a Seibu store in…
Japan’s Seven & I Holdings says it will open a giant online store in November, offering products sourced from across its retail store brands. By February 2019, Seven & I anticipates a range of 6 million SKUs will be available on the new store, including goods…
