Company Location

India's Shopper's Stop to add 20 stores across its brands this year

Source: 
Business Standard

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.

Japan's Toyoshima buys 5pc stake in Trisula; both plan expansion in Indonesia

Source: 
Jakarta Globe

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.

Asian brands shifting focus to Indonesia

Source: 
The Jakarta Post

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.
 

Philippine supermarket chain Puregold steps up expansion

Source: 
philstar.com

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.

 

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

Source: 
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

Source: 
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.

Alibaba arm seeks to use police face scans to open bank accounts

Source: 
ChinaPost.com.tw

Alibaba Group Holding Ltd's financial arm is seeking regulatory approval to access the Chinese national police's database so consumers can open online bank accounts with a mug shot.

The financial arm, which operates the PayPal-like Alipay service, is planning to use the Face++ facial recognition system developed by partner Megvii Inc. The idea is that this would allow consumers to set up accounts without having to physically go to a bank,

Thailand's Mangpong turns to attraction of cosmetics

Source: 
Bangkok Post

Thailand's Mangpong 1989 Plc (MPG) has diversified into the beauty and cosmetics retail chain in a bid to cash in on opportunities from the country's THB200-billion (USD6.15b) cosmetics market. The company sells and rents home entertainment products.

It's looking for new locations to open Stardust beauty shops. It believes the beauty and cosmetics business will generate healthy sales and a good return on investment as Thai women have a modern lifestyle and prefer to be good looking.

Kathmandu names Xavier Simonet new CEO

New Zealand-based outdoor clothing retailer Kathmandu on Friday announced the appointment of Xavier Simonet as the new CEO of the company.

Simonet is currently the CEO of Radley, a London-based brand with a product range covering women's handbags, luggage and a wide range of accessories. Simonet will relocate to Melbourne to take up the role after working out his notice period with Radley.

Former Coles chief Ian McLeod to leave Wesfarmers

Source: 
The Sydney Morning Herald Online

Former Coles boss Ian McLeod has resigned from the Perth-based conglomerate Wesfarmers to join US retail giant Bi-Lo Holdings.

McLeod's departure comes just six months after a change in his role to spearhead Wesfarmers's international expansion plans in a newly created commercial director role.

It has long been speculated that Wesfarmers, which owns Coles, Bunnings, and coal and chemical assets, would look to offshore markets to fuel earnings growth although no deals have been inked during McLeod's tenure in the new role.
 

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