Swedish furniture store chain Ikea will open a second branch in Thailand at CentralPlaza Westgate shopping complex in Nonthaburi's Bang Yai district in the next two years.
Instead of building the second store on its own land as previously planned, Ikea has chosen to rent 40,000 square metres of space at CentralPlaza Westgate from SET-listed Central Pattana Plc (CPN).
Christian Rojkjaer, managing director of Ikano Ltd, Ikea's investment arm, said his company was in the process of store planning and conducting market research.
With operations in six of India's biggest cities – and starting in two more in the coming months – Big Basket is the biggest player in India's most promising yet challenging ecommerce category: grocery retailing.
Globally, buying groceries online has not boomed, except in the UK. But in India, most consumers are still at the mercy of small mom-and-pop shops with limited or erratic supplies, while corporate grocery retailing has been stunted by expensive real estate and restrictions on foreign direct investment.
Belgian chocolate maker Guylian is planning an aggressive expansion of its cafe and retail chain to 30 outlets nationally, which it says will boost sales of its boxed chocolates on the shelves of supermarket giants Coles and Woolworths.
The growth, from three Sydney stores currently, is being bankrolled by South Korea's Lotte Confectionery which acquired Guylian in 2008 for AUD164 million. Lotte Confectionery is South Korea's largest snack foods company and one of the largest manufacturers of chewing gum in the world.
McDonald's Corp said it is aiming to sell all of its 413 Taiwan-based stores to a franchise operator, as the US fast-food chain looks to cut costs globally and turn around its flagging China business.
The move could help comfort investors who were skeptical and wanted specific details after McDonald’s new CEO Steve Easterbrook announced a revamp plan in May that included reorganizing business units and selling outlets to franchisees.
Thailand-based venture capitalist Ardent Capital announced on Tuesday that it would expand its e-commerce WhatsNew Group to Indonesia under the brand MOXY to tap Indonesia's female online market.
WhatsNew said in a statement sent to GlobeAsia that MOXY Indonesia will be different from WhatsNew Thailand and will be the first e-commerce service dedicated to women in Southeast Asia. MOXY will offer tips and products for women related to beauty, fashion, mothers and babies, living, gadgets and "Muslim style" under the tagline "Have It All".
Indonesian retail company PT Hero Supermarket (Hero) will spend up to IDR640 billion (USD48 million) this year for business expansion with retail plans to open stores in several cities across the country.
The move will be made to restore the company's disappointing financial performance earlier this year.
As platinum gains popularity in India, the Platinum Guild India expects to see the number of outlets going up from 800 now to over 1200 by March 2016.
Vaishali Banerjee, India Manager of Platinum Guild India, told BusinessLine that within a short span, India has become the fourth largest market for platinum jewellery in the world and this can only get bigger as more youth take to this precious metal.
Thailand's mobile phone and accessories retailer Jay Mart Plc (JMART) is bringing its mobile products into the direct-sales channel via SET-listed Singer Thailand's hire-purchase network. Singer will place Jay Mart's handsets on the shelves of its existing 100 shops to maximise space.
The synergy comes after Jay Mart this week bought a 24.99 percent stake in Singer for THB945 million (USD28.1m).
The Thai government is set to introduce low-cost department stores next week in a bid to tackle the rising cost of living.
Commerce Minister Chatchai Sarikulya said 136 budget stores nationwide would open on 19 June as a pilot project to sell more than 30 consumer products at prices about 20 percent lower than similar products sold in general outlets.
The budget stores will be run and invested in by the private sector, while the Commerce Ministry will act as the coordinator with suppliers and wholesalers and handle public relations.
The tough fast fashion sector in Australia just got even tougher: Forever 21 has arrived in Sydney's Pitt Street Mall.
The giant US retailer, which targets younger fashion, has stores in Macquarie Centre, North Ryde, and Queen Street, Brisbane, and plans to roll out across the country as it secures prime locations.