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.
Fast Retailing Co. Ltd. has set up a joint logistics hub with Daiwa House Industry Co. Ltd. in Tokyo, Japan to meet the full range of logistics needs of customers and to introduce a new level of logistics services.
Malaysia's CIMB Private Equity has bought a 10 percent stake worth USD25 million in Modern Internasional which manages 7-Eleven franchises in Indonesia.
CIMB will acquire 415.8 million shares in Modern Internasional, which plans to use proceeds from the sale to expand its presence in Jakarta.
Modern Internasional, through its subsidiary Modern Sevel Indonesia, owns 175 7-Eleven stores in Jakarta, but plans to operate up to 200 by the end of 2014.
Since the first Google Shopping Express order delivered a box of granola a year ago, the tech giant has expanded its delivery service in the US, offered more produced, introduced the service in more locations and brought on more merchants.
This week, the delivery service is being introduced to new US cities - Chicago, Boston and Washington DC. Google said more than 7 million people can now access its same-day delivery service, while 12 million in Northern California will be able to use its next-day service.
Online shopping may increase by 350 percent during the Diwali festival this year in India, a survey conducted by the Associated Chambers of Commerce (ASSOCHAM) shows.
Dubbed as the 'first online Diwali,' the estimate is that revenues may cross the Rs 10,000 crore (USD1.6 billion) mark and the trend is expected to continue in the years to come.
“At present the market is estimated at Rs. 12,000 crore (USD1.95 billion) and could cross Rs. 1,00,000 crore (USD163.2 billion) a year in India over the next three to four years," the ASSOCHAM paper noted.
The Word Retail Congress held in Paris last month named Japan's Fast Retailing, as 2014 Retail of the Year. The award acknowledged the company's performance across every aspect of its business that it says can be described as exceptional. The jury also acknowledged the company's ambitious growth plans, high-profile store openings, and strong sales performance, as well as the brands' product quality, price, customer service and Corporate Social Responsibility (CSR) programs.
Chinese consumers have become more concerned about healthy lifestyles and eating habits, which also drives the market to shift to those more natural and healthier food products, according to a report by the United Kingdom-based research firm Mintel Group Ltd.
Germany’s Rocket Internet AG, which specializes in launching e-commerce startups, has made a bumpy market debut — with its shares falling on their first day of trading in Frankfurt. Rocket was the second German tech company in as many days to hit the market in Frankfurt, following Wednesday’s debut by online fashion retailer Zalando. Its shares quickly dropped from the issue price of EUR42.50 (USD53.61) to below 37 euros in early trading Thursday, before recovering to EUR41.35.