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Retail News Asia 09/18/2019 19:24
read the original version on: Wirecard is expanding its partnership with Mizuho Bank. The scope includes a significant geographic extension, a collaboration on new payout products, and joint digital payment solutions. Wirecard, a global innovation leader for digital financial technology, and Mizuho Bank announced that they are collaborating in more geographies within Asia-Pacific, including Australia, Malaysia, New Zealand, and the Philippines. Globally, […]. .
Retail News Asia 09/18/2019 19:23
read the original version on: UBS is going to revamp its investment banking unit along the lines of a wealth management business. The goal is to make the unit leaner and more global. Piero Novelli and Rob Karofsky are about to unveil their plans for a revamp of the investment banking business at UBS, according to media reports. The two managers have been […]. .
Retail News Asia 09/18/2019 19:23
read the original version on: Lifestyle apparel brand Bossini has warned shareholders its loss this year will blow out to about $139 million, citing Hong Kong’s rolling protests. That figure is higher than the $124 million it projected at the end of May after reviewing management accounts showing a loss of $92 million for the 10 months to April. It […]. .
Retail News Asia 09/18/2019 19:21
read the original version on: Sun Life Asia appoints a new president with incumbent Claude Accum to step down and retire on December 31 this year. Léo Grépin will become the president of Sun Life Asia in 2020 which currently encompasses life, health and wealth management businesses in seven regional markets: the Philippines, Hong Kong, China, Indonesia, Vietnam, Malaysia, and India. Grépin […]. .
Retail News Asia 09/18/2019 19:16
read the original version on: DBS has issued a S$250 million ($180 million) three-year loan to real estate group City Developments Limited with interest rate discounts linked to the firm’s sustainability-related performance. The loan will be used for general working capital and corporate funding focused on improving CDL’s property quality, performance and method of building. Interest rate discounts can be […]. .
Retail News Asia 09/18/2019 19:14
read the original version on: Chinese discount merchandise chain Miniso says it expects to have 100 stores trading in Australia by the end of next year. “Australia is a key country in the world for the rapid expansion of Miniso,” said Miniso Australia VP Richard Li. “Our chain of stores opened in Australia include outlets in some of the country’s […]. .
Retail News Asia 09/18/2019 19:11
read the original version on: Timepiece brand Blancpain has opened its largest store yet in China in Beijing. The 380sqm two-level street front showroom, located at China World Mall near Beijing’s CBD, features an interior that reflects the brand’s heritage, inspired by the Blancpain’s centuries-old farmhouse production facility in Le Brassus, Switzerland Polished cherry woodwork and streamlined furniture are placed […]. .
Retail News Asia 09/18/2019 19:08
read the original version on: Vietnamese business empire Vingroup has acquired local supermarket business Queenland Mart via its retail unit Vincommerce. The move will expand the firm’s retail market share, following its recent purchase of the Shop&Go convenience store chain that brought 87 new locations under Vingroup’s wingspan. Queenland Mart has eight stores located in the city’s more affluent neighborhoods. […]. .
Retail News Asia 09/18/2019 19:08
read the original version on: Alibaba has confirmed it will buy NetEase’s Kaola for about US$2 billion, a deal widely predicted last month. Kaola is an import e-commerce platform which has been a rival of Alibaba for some time. Both companies have their roots in Hangzhou. Confirming the deal, Alibaba says it plans for Kaola to continue to operate independently under […]. .
Retail News Asia 09/18/2019 19:05
read the original version on: Hong Kong’s specialty coffee chain The Coffee Academics is launching its latest retail concept the world’s first single-origin Nitro Coffee Bar on September 16 at K11 Musea. The Nitro Coffee Bar is the first of its kind to put single-origin specialty coffee at the forefront of product offerings, raising awareness of the specialty coffee value […]. .
Retail News Asia 09/18/2019 19:04
read the original version on: The future is 8-bit. At least that’s what Hyundai’s new ’45’ concept suggests that was recently teased, ahead of its debut at the upcoming Frankfurt Motor Show on September 10, 2019. Inspired by the automaker’s first model in the 1970s, the 45 fully-electric concept car will act as a symbolic milestone for Hyundai’s future EV design, […]. .
Retail News Asia 09/18/2019 19:03
read the original version on: Jaguar Land Rover and technology firm BlackBerry today announced the expansion of the companies’ corporate partnership to develop next-generation intelligent vehicles for the carmaker. As part of the extended collaboration, the BlackBerry, a trusted security software and services company, will help JLR develop future-ready vehicle safety technology for the automotive market. The company will share […]. .
Retail News Asia 09/18/2019 19:02
read the original version on: WhatsApp is the most popular messaging app in the world, although in the U.S. it is third. No matter how you slice it, the Facebook-owned app is extremely popular. And so is Google Assistant. The virtual digital assistant can send text messages through WhatsApp (just say “O.K. Google, send WhatsApp message”) which comes in handy if […]. .
Retail News Asia 09/17/2019 19:25
read the original version on: New York-based luxury accessories and lifestyle house Tapestry has ousted its CEO suddenly due to the company’s poor sales results and plunging share price. Tapestry – parent of Coach, Stuart Weitzman and Kate Spade – has lost more than half of its value within the last year, from US$50 to $20.44 on Tuesday. The company […]. .
Retail News Asia 09/17/2019 19:23
read the original version on: British fashion brand Superdry has appointed IMG to develop a strategic licensing program to extend the brand into select new product and lifestyle categories. The Superdry licensing deal will see IMG negotiating partnerships which broaden its product portfolio into such items as luggage and travel-related goods, personal accessories, consumer electronics and sporting goods, in accordance […]. .
Retail News Asia 09/17/2019 19:18
read the original version on: Florentine high-end sports-watch brand Panerai has opened its first pop-up store in Greater China in Hong Kong’s Harbour City Ocean Centre. The 75sqm store follows a new ad-hoc design concept developed by Panerai’s creative director Alvaro Maggini. Guests are plunged into the “new Panerai universe” at the store through VR glasses, engaging in a multi-sensory […]. .
Retail News Asia 09/17/2019 19:18
read the original version on: Fashion label Clot has opened a Juice store at K11 Musea mall in Tsim Sha Tsui. The store opened on Tuesday, featuring a curated selection of brands – including exclusive in-house labels Clot and Clottee, alongside a range of top-tier names such as Fear of God, Alyx, A-Cold-Wall*, 99%is, Needles, White Mountaineering and Ambush. The […]. .

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