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Italy's Peuterey to have 30 stores in China in 5 years

red luxury

 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.

India's Maxwell to open 100 Inners stores in next 3 years

Business Standard

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, Daiwa House launch joint logistics hub

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.

Google expands delivery service in the US

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.

350pc increase in online shopping expected in India this festive season

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.

Fast Retailing receives 2014 Retailer of the Year Award

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' appetite for healthy food grows


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 makes bumpy market debut

The Epoch Times

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.

Hershey acquires China confectionery company

The Hershey Company announced Friday that it has completed the initial acquisition of Shanghai Golden Monkey Food Joint Stock Co., Ltd. (SGM), a privately held confectionery company based in Shanghai, China.

The company said SGM will complement its existing portfolio in the region and expand its presence in China’s sugar confectionery and snacking markets. SGM, on the other hand, is expected to benefit from Hershey’s global brands, scale and marketing expertise.

Indonesia's Blacksteel Group developing 3 malls in West Papua with USD50m

Jakarta Globe

The Blacksteel Group, a property developer in Indonesia, is developing three malls in Sorong regent, West Papua, at a total investment of IDR600 billion (USD50 million), the company's chief operating officer said in Jakarta recently.

"The first project is to build The Plaza Sorong [mall], which is targeted to be completed by end of 2014," Isaac Bliss Tanihaha, the COO of Blacksteel Group, told Investor Daily.

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