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Tesco’s Asian business returns 33.5-per-cent profit in final full year

Tesco’s Asian business achieved a 33.5-per-cent increase in operating profit last year, the last full trading year before it is sold to Thailand’s Charoen Pokphand group.

Vestiaire Collective charity sale launches in Singapore and Hong Kong

Vestiaire Collective is bringing its coronavirus charity sale to Singapore and Hong Kong this week after launching in US and European countries on April 1.

Coronavirus claims famed shoe designer Sergio Rossi

Italian shoe designer Sergio Rossi has succumbed to the coronavirus at the age of 84.

Fashion retailers commit to supporting Covid-19 causes

Numerous international fashion retailers have pledged to support causes related to the coronavirus outbreak as the pandemic continues.

Indonesian retail sales slip in February

Indonesian retail sales declined by 0.8 per cent year on year during February, due to a decline in demand for clothing and less recreational spending.

South Korean online grocery-delivery startup Kurly wins US$150m funding

South Korean premium grocery delivery e-commerce firm Kurly has procured funding of US$150 million from its existing investors.

What Wuhan looks like today: pandemic-hit city returns to business

Chinese e-commerce platform JD has provided a touching testament to the progressive recovery of Wuhan, the first city to be hit by the coronavirus outbreak.

Yum takes control of Chinese casual dining chain Huang Ji Huang

Restaurant operator Yum China, which operates KFC and Pizza Hut in the territory, has purchased a controlling interest in Chinese-style casual dining franchise Huang Ji Huang.

Singapore malls waive rents as shutdown commences

Singapore mall operators are waiving rents for tenants as the city state enters a shutdown period to control the spread of the coronavirus.

Central Pattana launches one-click service linking tenants, consumers

Thailand’s Central Pattana has launched ‘One call x One click’ service which allows its customers to shop remotely during social distancing.

Esprit Bodywear concept store debuts in Europe

Fashion label Esprit has opened its first Esprit Bodywear concept store in an exclusive partnership with Dutch group Van Keulen Retail.

Baeman accused of monopolistic behaviour as merger looms

The pending merger between South Korea’s number one food-delivery app Baemin and Yogiyo has fuelled widespread concerns about monopolistic market behaviour.