China: Roche Bobois takes back control of Chinese franchisee Asia In China’s sporting goods market, sales of local mass-market brands Li Ning and Anta are slowing, leading to a sharp decrease in stock market valuations.
Department stores: Central Group wants to buy Signa Holding’s property assets Asia Europe According to Reuters, the luxury division of Austrian property company Signa Holding (US$ 5.5 billion in debt as of November 2023),…
VFCorp launches Supreme in China with a first owned store Asia On March 22, 2014, the Supreme fashion brand opened a first owned store in China,…
ESG: China takes a cue from Europe’s CSRD Asia On February 8, 2024, in the wake of the European CSRD, China announced new ESG regulations for 400 of the largest Chinese companies.…
Duty-free purchases by Chinese on the rise again worldwide, but especially in Asia Asia After 4 years of fluctuations, a recovery in duty-free sales is picking up again, reaching a rate comparable to pre-Covid-19 levels.…
In Shanghai, Apple opens an 8th store and hopes to boost sales in China Asia On March 18, Apple (sales of US$383.3 billion down by 2.8% in the fiscal year to September 2023, net margin of US$97 billion down by 2.8%) opened Apple Jing’an,…
Travel retail in Thailand: Siam Piwat targets wealthy tourists Asia Following an investment of US$28 million in Q4 2023, which should double this year, Thai operator and developer Siam Piwat (turnover of US$1.54 billion in 2023) is negotiating a partnership with 16 airlines companies to promote luxury tourism in Thailand.…
Regulatory : Vietnam wants to revitalise shopping streets Asia Five years after the creation of the CPTPP trade agreement with the U.K., Canada, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand,…
Temu wants to open a digital marketplace to American sellers Americas Asia The e-commerce platform Temu (a subsidiary of PDD Holdings, Pinduoduo’s parent company), known for low-value products,…
Electronics: Currys to be taken over by China’s JD.com? Asia After selling off the Greek business in November 2023 and cutting operating costs, Currys PLC (€4.9 billion turnover in 6 months to the end of October 2023) could receive a takeover bid from Chinese giant JD.com.…
