Indonesia Latest News - Inside Retail Asia
The Asian grocery market will generate US$4.264 trillion of sales by 2023 – almost the same as Europe and North America combined.
Indonesian retail sales surged 9.1 per cent in February – a rate higher than anticipated.
Online marketplace Zilingo has raised US$226 million in its recent Series D funding.
Entrepreneur Amelia Fransisca has been appointed master franchise holder for Khun Thai Tea Indonesia.
New York pharmaceuticals firm Kiehl’s has launched its largest boutique in the Asia-Pacific region at Senayan City mall in Jakarta.
Singapore-based shopping rewards platform V-More has launched a luxury fashion range for redemption.
French coffee shop chain Malongo is expanding into Southeast Asia.
Vibrant stationery retailer Smiggle is expanding within Asia following a record global performance reaching 34.8 per cent sales growth in the territory.
Tealive parent Loob Holding is planning an IPO to fund 1000 new stores.
Reit Lippo Malls Indonesia Retail Trust plans to buy Lippo Mall Puri in West Jakarta for US$261.6 million.
E-commerce supply-chain management platform V-More is now planning expansion into Thailand.
Lazada is boosting its cross-border operations for international brands and merchants to after its cross-border sales quadrupled over the last three years.