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Japanese retail behemoth Aeon is withdrawing from the supermarket industry in Thailand, divesting its local enterprise to Central Group. This is a strategic shift in investment focus towards rapidly expanding markets across Southeast Asia. Transition of…
JD, the Chinese e-commerce titan, is reportedly considering a significant expansion within the UK market, with a potential £2 billion ($2.69 billion) acquisition bid for the British online retail platform, The Very Group. JD’s Expansive Strategy in the UK…
Fast-fashion digital platform, Shein, is set to acquire Everlane from its predominant owner, L Catterton, in a transaction that estimates the US-based clothing retailer at roughly US$100 million. As part of the agreement, those possessing common stock in…
China’s leading convenience store chain, Meiyijia, is propelling its expansion into Southeast Asia with the launch of its first stores in Vietnam under a fresh international brand, Ohmee. Marking the company’s maiden retail venture beyond China, three stores…
Martin Lindstrom, the current CEO of Ikea under the DFI Retail Group, has announced his decision to step down from his position by the end of May. This move marks the end of his impressive 36-year tenure at the world-renowned Swedish furniture retailer.…
The Indian lifestyle retail giant, Titan, known for owning the Tanishq jewellery brand, has recently made a significant acquisition. The company bought a 67% stake in Damas Jewellery, which is based in Dubai, for a total of US$189 million (AED695 million).…
It might not fit in your pocket, but you might consider the Apple Car to be a mobile product. And today Apple has decided to produce a car that will be able to drive without any help from humans. Apple reportedly had been deciding between producing a car with…
The US National Basketball Association (NBA) has signed a multiyear merchandising partnership with Titanomachy, Philippines’ basketball specialty store. Under the partnership, NBA will relaunch its official e-commerce store in the Philippines, which is…
Titan Company Limited, the world’s fifth largest watchmaker and part of the Indian conglomerate giant TATA Group, is releasing a limited edition timepiece in Thailand created especially for the Thai market. Titan selected its Red Dot award-winning EDGE, the…
India has bounced back and is confidently growing in the luxury markets as other BRIC countries struggle to gather pace, says Deloitte’s annual Global Powers of Luxury Goods report. By the end of last fiscal, world’s 100 largest luxury goods companies had…
India has bounced again and is confidently rising within the luxurious markets as different BRIC nations wrestle to collect tempo, says Deloitte’s annual International Powers of Luxurious Items report. By the top of final fiscal, world’s 100 largest luxurious…
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