From the author
Chinese tea chain Nayuki takes stake in Lelecha for $75 million
The acquisition deal will make Nayuki the majority shareholder of Lelecha Cayman with an 85 per cent stake.
Chinese tea chain Mixue expands into South Korea and Japan
The first Mixue Japan store is expected to open its doors in Tokyo’s bustling district Omotesando.
Fortnum & Mason opens its first travel retail store in Asia
The new store is the brand’s second in Hong Kong, opening three years after its debut in the city with a 7000sqft flagsh...
Shinsegae International to bring haircare brand Davines into South Korea
The South Korean group said it plans to open stores in major department stores in the country, selling Davines’ products...
E-commerce giant Carousell lays off 110 staff
Nevertheless, CEO says the company is “optimistic about the recovery” from last year’s Covid lockdowns.
Japanese jeweller Star Jewelry expands into China
The first store will be opened in Shanghai, followed by five more within the next three years.
Starbucks introduces first signing store in Indonesia
The launch of Indonesia’s first Starbucks signing store coincides with the brand’s 20th anniversary in the country.
CJ Express eyes $800 million IPO in Bangkok
The IPO debut, estimated to raise $500-800 million, is expected to happen next year.
Malaysia retail sales surge 96 per cent in third quarter
The significant rate was influenced by the restrictions during the third quarter last year, where a majority of retailer...
Aditya Birla Group’s venture TMRW to acquire eight digital-first brands
The investment was estimated to be valued at US$35.6 million.
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