1 – Starbucks to buy out Chinese venture in its biggest deal yet
Starbucks Corp. is buying the rest of its East China joint venture in a $1.3 billion transaction, marking the biggest deal ever for a company that sees China as a huge growth opportunity. >>
2 – Jimmy Choo bought by Michael Kors in £896m deal
Luxury shoemaker Jimmy Choo has been bought by Michael Kors Holdings in a deal which values the firm at £896m. >>
3 – Amazon reportedly coming to Singapore
Amazon is said to be coming to Singapore and as soon as this week, according to a report by TechCrunch, marking the US e-commerce giant’s entry into Southeast Asia. >>
4 – Puma sportswear finds traction with footwear
German sportswear brand Puma achieved double-digit growth in all regions and in both footwear and apparel in the second quarter. >>
1 – Korean banks seek new opportunities in Southeast Asia
Korean banks have been actively advancing into Southeast Asian countries, seeking new business opportunities in the blue ocean market. Amid toughening competition and regulation in some countries, however, experts advise that banks need consistency in their Southeast Asia strategy, based on a long term perspective. >>Read the rest of this entry »
1 – Indonesia’s 7-Eleven operator to shut all stores
Modern Internasional, the parent company of Indonesia’s 7-Eleven franchise operator, said it would close all of the unit’s convenience stores by June 30 due to “limited resources to support operations.” >>
2 – H&M sales up by 9 per cent for first half
H&M attributes the increases to continued expansion and tight cost control, including continued rapid and profitable growth of its online sales, which in some established markets already account for 25 to 30 per cent of total sales. >>
3 – Watson group planning new shops
The A.S. Watson Group plans to open 1,400 new outlets globally this year – 60 shops will be in Hong Kong – but it will not expand the electricity group Fortress. >>
4 – Spar to open 300 convenience stores in Thailand with DHL
Spar International has announced that it is partnering with logistics company DHL to establish up to 300 new convenience stores in Thailand by the end of 2020. >>
1 – Papa John’s pizza looking for Vietnam franchise
The world’s third largest pizza delivery chain – Papa John’s – is looking for franchisees to expand into Vietnam. >>
2 – Anytime Fitness gets the green light to franchise in China
Anytime Fitness is the first U.S. fitness franchise to be granted a license to franchise in China, a market where 99 percent of the population does not belong to a fitness facility. >>
3 – China’s JD Eyes Expansion To Thailand, Russia
Chinese B2C e-commerce group JD plans to make an investment in Thailand before the end of 2017 to further expand its overseas business. >>
4 – Food delivery and out-of-home dining are thriving in China, study finds
According to that 2017 China shopper report, dining out and food delivery are seeing robust growth with Chinese consumers, who have traditionally cooked at home. >>
1 – Asia to be at the forefront of demand for app-banking
Financial inclusion remains low across most of Asia. However, it is predicted that placing onus on the financial-technology sector to enhance inclusion will boost growth further still, by between 9% and 14%, in locations such as the Philippines and Indonesia, and as much as 32% in Cambodia. >>Read the rest of this entry »
