April Wu

China Market Strategy

August 1, 2017

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Retail News Roundup – Aug 1

The top 5 retail news clips in Asia this week.

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. >>

5 – American Eagle to pull out of UK less than three years after opening first shop

US fashion retailer American Eagle Outfitters is pulling out of the UK less than three years after opening its first stores on British soil. >>