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Suning Xiaodian buys 60 stores from Hong Kong’s Fung Group
Suning Xiaodian, which is owned by Chinese retail major Suning.com Co., has acquired more than 60 convenience stores in Guangzhou from Hong Kong conglomerate Fung Group.…
Apple acquires Intel’s smartphone modem business
Intel sold its smartphone modem business to Apple, but the chipmaker’s CEO said that his company will still be a big player in the 5G space.…
Mulberry acquires full ownership of its Korea operation
Mulberry said that it has taken full control of its operations in Korea with the acquisition of a minority interest in Mulberry (Korea) Co, Ltd.…
Manolo Blahnik buys Italian manufacturing firm
Luxury shoe brand Manolo Blahnik has acquired Italy’s Calzaturificio Re Marcello, the women’s footwear manufacturer contracted to produce the firm’s footwear.…
Galeries Lafayette acquires French jeweller Mauboussin
France’s Galeries Lafayette announced it has acquired a majority stakes in fellow French firm Mauboussin.…
Ermenegildo Zegna buys stake in Italy’s Dondi
Italian luxury apparel and textile company Ermenegildo Zegna has announced it has acquired a majority stake in fellow Italian brand Dondi.…
Thai Beverage buys KFC Thailand stores
Brewer Thai Beverage has agreed to purchase more than 240 KFC stores in Thailand for 11.3 billion baht (US$339 million approximately), becoming the third and final joint-franchisor for KFC Thailand.…