Premium Italian footwear brand Geox has entered into a retail and distribution arrangement with Delhi-based G&B Footcorp to set up its mono brand stores.
The company has chosen the distribution route rather than the foreign direct investment (FDI) mode to test water there. While footwear brand Clarks has a joint venture with Future Group, another footwear brand Pavers was the first to apply for a 100 percent FDI for single brand retailing.
Mumbai-based Shopper's Stop Ltd, a premier department store chain promoted by the K Raheja Corp Group, is planning to invest INR125 crore (INR1.25 billion, USD22.9 million) this year, to expand its various brands of retail stores. The company is planning to add around 20 stores across its brands during the period, said a senior executive from the company.
Tokyo-based fashion retailer Toyoshima has purchased a 5 percent stake in Trisula International, an Indonesian textile producer and clothing retailer, as the Japanese company aims to increase its Indonesian imports.
Trisula is also an operator of 230 fashion stores that sell brands like Jack Nicklaus, G2000 and JOBB. Lisa Tjahjadi, president director of Trisula, said that the company will spend up to IDR8 billion (USD821,777) to open 40 new stores this year.
Indonesia is becoming a preferential place for glossy Asian fashion and lifestyle brands seeking to showcase their merchandise.
Within a month, two large Japanese retailers, Fast Retailing Co. Ltd., the brand owner of UNIQLO, and AEON MALL Co. Ltd., have established their presence by setting up flagship stores there.
Two other big department stores from Indonesia's immediate neighbours, Parkson Retail Asia, headquartered in Malaysia, and Thailand-based Central Retail Corporation (CRC), are already looking to open their first stores there next year.
Supermarket chain Puregold Price Club Inc. has beefed up anew its portfolio as it acquires Mega Manila-based chains Eunilaine and Grocer E.
The 15 newly-acquired supermarket branches in strategic areas will be rebranded into Puregold groceries, a company official said.
In a disclosure to the stock exchange, Puregold said it acquired 100 percent of the four operating Eunilaine foodmarts and 11 operating Grocer E supermarts from Company E Corp. The purchase cost was not disclosed.
Italian outerwear brand Peuterey Group SpA owns stores in Milan, Rome, Cortina, Berlin, and Antwerp. Their next stop is Shanghai. A store for men's and women's collections and a second exclusively for children's will open at Takashimaya in Shanghai this week. As part of this venture, Peuterey has also opened an office in Beijing with a subsidiary in Shanghai to manage business in Asia.
Mumbai-based Maxwell Industries Ltd., that manufactures men's and women's inner wear and lingerie, is set to foray in Gujarat with its exclusive retail store "Inners" soon. The company, known for its flagship brand "VIP", will set up its exclusive inner wear store in Ahmedabad within next 3-4 months.
Singaporean tech startup Arcadier is buildin an e-trading platform for Panama-based Canalzon, envisioned to be the largest online marketplace for Central America.
The Canalzon marketplace went live 9 February 2015, carrying over 2,000 products from 30 well-known merchants in industries ranging from retail, electronics, sports, music, beauty to fashion.
Indian budget consumer electronics firm iBall raised eyebrows this week on a report that it has stolen South Korean juggernaut Samsung's crown as India's number one tablet vendor.
Mumbai-based iBall claimed a 15.6 percent share of India's tablet market in the fourth quarter of 2014, up from 4.5 percent a year earlier, as Samsung's share shrank to 12.9 percent from 17.9 percent, according to IDC.
MasterCard has opened a new technology hub in India, a key part of the company’s strategy to drive the development of cutting-edge payment technologies aimed at enabling a cashless world.
The facility in Pune, together with its Vadodara counterpart, represents the company’s largest Tech Hub outside of the US.