Lawson Inc. is in final stages of negotiations on setting up a joint venture with the Saha Pathanapibul group, a major Thai retailer, to open convenience stores in the Southeast Asian nation, according to sources.
The plan is part of the major convenience store chain's strategy to expand its businesses in Southeast Asia, where demand is expected to increase in line with rapid economic growth.
Chinese internet giant Baidu and companies across the country are tapping a frenzy of nationalist sentiment, launching patriotic promotional campaigns as thousands take to the streets to protest against the Japanese government's purchase last week of some disputed islands from a private owner, islands China claims as its own.
Be it to drive traffic to websites or garner customer loyalty, companies have rushed to wave the Chinese flag to try to cash in on the worst anti-Japan protests in decades surrounding the islands, called the Senkaku by Japan and Diaoyu by China.
Woolworths' struggling hardware chain Masters has been accused of deception after it walked away from a deal to build a store in Bendigo to pursue another site in the regional Victorian town that it knew Wesfarmers' Bunnings chain was circling.
The Supreme Court stoush, which began on Monday, could see Woolworths managing director Grant O'Brien – who was head of the Masters roll out at the time - take to the stand to give evidence about the deal. The founder of Danks hardware chain Graeme Danks will also take to the witness box to explain his role in the transaction.
New fashion labels from Asia are rapidly emerging on the global stage as governments in the region bet on creative industries as new growth drivers.
"Asia is rising with a lot of young fashion talents and compared to overseas designers, they have a lot more support from the government," Singaporean designer Sabrina Goh told CNBC. "It's a good advantage compared to other regions like the U.S."
Womenswear chain Seduce has survived a bid to wind it up by landlord giant GPT.
GPT subsidiary Melbourne Central Custodian sought to wind up Seduce one month ago in the NSW Supreme Court, claiming the fashion chain owed rent for its long-standing store in Melbourne Central. The money has now been paid. A spokesman for GPT said the company had "been in discussions with the retailer and all outstanding matters have now been resolved".
China will limit visits by residents of the city of Shenzhen to neighbouring Hong Kong, a politician and media said on Sunday, following recent tension in the former British colony over growing numbers of mainland visitors.
Hong Kong has seen a groundswell of discontent over the number of mainland Chinese visiting the crowded city where frustration with what many residents see as attempts by Beijing to restrict democracy erupted in protests last year.
Retailer Lawson Inc. and logistics company SG Holdings Co. are to begin a delivery service under a new alliance pitched at time-deprived workers and seniors.
Lawson, a Tokyo-based convenience store operator, said on Tuesday that it will take a 51 percent stake in the new company to be created in June, with Kyoto-based SG Holdings, which runs Sagawa Express Co., holding the remaining 49 percent.
In an effort to create a more conducive climate for the e-commerce industry, the Indonesian government plans to issue a set of regulations called the "e-commerce roadmap" in the next three to six months.
The roadmap will provide clear guidelines regarding logistics services, payment gateways and tax – among others – for the e-commerce industry, Coordinating Economic Minister Sofyan Djalil said on Friday.
Hong Kong police said on Monday they arrested more than three dozen people involved in scuffles that broke out at a weekend protest against the growing influx of mainland Chinese shoppers.
Police officers drew batons and used pepper spray on the crowds after the demonstration Sunday in a border town turned unruly. The protesters clashed with crowds of residents opposed to the event who taunted them along the route. Police said 38 people were arrested including a 13-year-old boy and 10 officers were injured.
Alibaba claimed vindication in a dispute with a Chinese government agency over alleged sales of fakes and other misdeeds on its sales platforms, after agency officials said the two sides would work together to stamp out counterfeit goods.
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