Heinemann Asia Pacific is set to take advantage of the anticipated rising wave of Chinese travel across its locations, says regional CEO Marvin von Plato, even if outbound travel from the Mainland has…
Heinemann Asia Pacific is set to take advantage of the anticipated rising wave of Chinese travel across its locations, says regional CEO Marvin von Plato, even if outbound travel from the Mainland has…
Thailand conglomerate Central Group has assumed majority ownership of the luxury department store Selfridges, which it acquired in late 2021 in partnership with Austrian property group Signa Holdings.…
Puma said third-quarter sales increased 6 percent currency adjusted to EUR 2.31 billion (USD 2.46 billion), a slowdown in growth compared to the second quarter, with the sportswear giant recording sal…
Korean luxury resale platform Kream announced it has acquired Japan’s Soda, owner of limited-edition goods trading platform Snkrdunk, in a bid to become the leading customer-to-customer (C2C) an…
To support expansion efforts in Southeast Asia, GMG, a retailer and distributor of food, health and consumer goods, has inaugurated its Singapore office. GMG’s portfolio encompasses leading bran…
In this special series, Retail in Asia rounds up the latest openings from some of the biggest airports in the region: Hong Kong International Airport, Singapore Changi, Tokyo Haneda, and Kuala Lumpur …
U.S. sportswear giant Nike Inc. said first-quarter revenues increased 2 percent to USD 12.9 billion, on the back of a return to sales growth in Greater China and a slight uptick in Asia Pacific Latin …
Alibaba Group Holding announced revenues for the June quarter remained stable at RMB 205.56 billion (USD 30.69 billion), with growth adversely impacted by a decline in its China commerce segment reven…
German sportswear giant Adidas revealed second quarter revenues were flat versus the prior-year level at EUR 5.34 billion (USD 5.89 billion), as top-line development continued to be impacted by the co…
U.S. retail giant Walmart has reportedly increased its stake in Indian e-commerce firm Flipkart by buying out hedge fund Tiger Global and venture capital firm Accel’s remaining stakes.…