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In its first three days, Nanchang Capital Outlets generated sales of more than RMB21.8 million (US$3.2 million) with customer traffic exceeding 1.8 million. It is the second outlet project this year for Beijing Capital Grand, the commercial property arm of…
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…
Skechers in Korea will now be managed by a joint venture with the parent company. Previously imported and distributed by a third-party company, Skechers head office in the US has confirmed it has partnered with Luen Thai Enterprises in a new business called…
Taubman Asia, a subsidiary of US shopping centre group Taubman Centers, and China’s Wangfujing Group, have announced the line-up of retailers for its CityOn.Zhengzhou mall in Henan province, set to open on March 16. When it opens, the centre will be 100 per…
Nike, Adidas and Muji are among eight global companies seeking single brand retailing approval from the Indian government. According to a report in The Indian Express the Department of Industrial Policy and Promotion (DIPP) has received eight applications…
