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Turnover of the storied Italian leather goods brand increased to 513 million euros. Over the course of the fiscal year, the company made significant investments to strengthen its supply chain and technology – and began 2019 with the launch of its new sneaker…
Changi Airport has added new restaurants and stores to its retail offer. In the transit area, Irvin’s Salted Egg has opened a kiosk at Terminal 1. In the public areas, new eateries have opened at Terminal 3’s basement 2 including three by the Pezzo Group:…
Indian tobacco company Godfrey Philips is planning to open 10,000 of its 24Seven convenience-store chain nationwide. The company plans to treble its network between now and March next year to 170 stores, and expand into new markets from its current National…
Opening a coffee shop is one of the most popular businesses being pursued by young South Koreans in recent years, data showed, in a sign of growing coffee consumption in the Northeast Asian country. The number of coffee shops run by people aged between 15 and…
Indonesians can now purchase US-made Tesla Model X electronic luxury cars with price tags starting from US$200,000. Prestige Image Motorcars, the sole Tesla motor car distributor in Indonesia, began exhibiting one of the cars at its showroom in Pluit, North…
Over the next three years, Swire Pacific will increase the number of its bakery shops in Chongqing, Chengdu and Guiyang to 1,000 through its wholly owned Swire Foods subsidiary. The conglomerate believes the benefits from stable, long-term growth from the…
There will be a rise in “affordable luxury,” a manpower agency said yesterday, while predicting a pay rise of 3-5 percent for employees this year, the same estimate as last year. Adecco said as mainland tourist numbers and spending fall, some luxury retail…
Convenience stores and shops across Hong Kong will be banned from selling alcohol to minors under new legislation to be proposed by the government this year as it steps up efforts to tackle a rise in underage drinking. The law, if passed by the Legislative…
China’s Ministry of Finance has approved applications to open 16 duty free arrival shops in 10 international airports and at six land border crossing points, introducing limited competition to the nation’s growing duty free market for the first time. Four…
SSP Group, a leading operator of food and beverage outlets in travel locations worldwide, has consolidated its position in the Thai market with a number of new contract wins. At Phuket International Airport, SSP has been awarded a four-year contract to…
Apple has seen robust sales in China despite the country’s worsening economic situation. Last quarter, revenues from Greater China grew 99% year-over-year, confirming the management’s opinion that China sales have been strong. Chinese economic slowdown…
China’s current economic problems – share trading suspended for the second time in a week after stocks fell 7% – doesn’t seem to be impacting Apple’s retail store expansion program in the country. The company has announced the opening of its 30th retail store…
Korea’s duty free stores are sensing a crisis because of increasingly tougher challenges from their competitors in China, Japan and Thailand, industry sources said Tuesday. According to the Korea Duty-Free Association (KDFA) and distribution industry sources,…
PT Courts Retail Indonesia, a subsidiary of Singaporean retailer Courts Asia Ltd., will open a new megastore in Bumi Serpong Damai (BSD) City, South Tangerang, Banten, in December as part of the company’s Indonesian expansion. Courts Retail Indonesia CEO Roy…
