Top advertising-industry publication Media, in conjunction with leading market-insight company TNS, today released its list of Asia’s top 1,000 brands for 2009.…
Cathay expects slow recovery for yields
Cathay Pacific Airways expects yields will take a long time to recover as the global recession continues to damp business and leisure travel.
"It’s very unlikely that things will be as good…
FamilyMart to acquire ampm
Leading Japanese convenience-store operator FamilyMart has announced it will acquire the Japanese arm of US convenience-store chain ampm.
According to a statement on FamilyMart’s website, the ac…
Wal-Mart suspends merger with Trust-Mart in China
According to reports in local media, Wal-Mart has suspended its merger with Trust-Mart stores in China.…
Legacy promotes sparkling-wine market in China
Legacy Wine and Spirits International reports that the company will be focusing in the next three months on a major national marketing campaign on the sparkling-wine (champagne) market in China.…
Starwood opens 150th Asian hotel, China and India fuel growth
Starwood Hotels & Resorts Worldwide Inc. has opened its 150th hotel in Asia-Pacific – the 292-room ITC Royal Gardenia, a Luxury Collection hotel in Bengaluru in the South Indian state of Kar…
RT-Mart plans merger with Auchan Group
RT-Mart, the supermarket retail investment of Ruentex Group, has announced plans to merge with French retail group Auchan. The two may launch an IPO in Hong Kong in 2010.
According to Ruentex Group, t…
LAWSON and Matsumoto Kiyoshi to cooperate on new-format stores
LAWSON, the Japanese convenience-store chain, and MatsumotoKiyoshi Holdings, which operates Japanese pharmacies, have concluded a significant partnership agreement, according to the LAWSON company web…
China’s Geely buys Australian DSI
Geely, one of China’s largest private automakers, acquired the world’s second largest gearbox manufacturer in secret in late March.
The overseas acquisition happened while China’s st…