April Wu

China Market Strategy

December 6, 2016

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Retail News Roundup – Dec 6

The top 5 retail news clips in Asia this week.

1 – South Korean cosmetics a hit among young Chinese as K-pop booms

Recent intergovernmental spats over anti-ballistic missile systems have failed to harm actress Song Hye-kyo’s standing among young Chinese shoppers. >>

2 – Citic-Carlyle near deal to buy McDonald’s China assets: source

A consortium led by private-equity firm Carlyle Group (CG.O) and Chinese conglomerate Citic Group Corp has neared a deal to buy McDonald’s Corp’s (MCD.N) stores in China and Hong Kong for up to $3 billion, a source with direct knowledge of the matter said. >>

3 – FamilyMart Malaysia eyes expansion

Convenience store chain FamilyMart Malaysia is aiming to open up to 1000 stores by 2020. >>

4 -Spar International to open 300 stores in Thailand by 2020 in new partnership deal

Spar International and Bangchak Retail Company today announced a significant new partnership agreement which will see up to 300 new Spar stores opening in Thailand by the end of 2020, as part of a €102 million investment. >>

5 – Revlon India plans 100 exclusive outlets by 2017-end

MUMBAI: Colour cosmetics and personal care brand Revlon India plans to have 100 exclusive outlets by the end of next year and is targetting 20 per cent of its total revenue from this channel. >>