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.
Amazon is in talks to buy online luxury retailer Net-a-porter in what could be the biggest acquisition yet for the e-commerce giant, but the negotiations are in early stages and could fall apart, Forbes reported, citing a person familiar with the matter.
The potential deal, first reported by Women's Wear Daily, could value Net-a-Porter lower than the valuation of EUR2 billion (USD2.16 billion) reported by the fashion industry trade journal, Forbes reported on Thursday, citing the person.
Yahoo Inc's announcement last week that it was shutting up shop in the Chinese mainland has seen a rush by Internet companies across the country to attract its staff.
As China's booming Internet industry continues to gain momentum, companies are competing fiercely for the best talent.
A retail subsidiary of Hon Hai Precision Industry Co., the world's largest contract electronics manufacturer, plans to open 20 stores in China for technology innovators known as "makers", by the end of the year, a company executive said on Sunday. According to Wang Jung-ching, general manager of Big Cyber, a new retail brand under Hon Hai's Cybermart consumer electronics chain in China, his firm will open new stores in Beijing and Guangzhou in April and May after already opening a first store in Shanghai.