Latest Business News - Inside Retail Asia

Hotpot-restaurant tycoon tops Forbes Singapore Rich List

Hotpot-restaurant tycoon Zhang Yong has topped the latest Forbes Singapore Rich List.

Gap’s second quarter sales decline reflects ‘a company in retreat’

Gap’s second quarter has proven to be mostly a continuation of the first, with negative results across nearly all segments of the business.

Burger King China operator mulls Hong Kong IPO

Burger King China’s owner is mulling a listing in Hong Kong which could value the business at around US$1 billion.

Alibaba Hong Kong IPO postponed due to unrest

The planned US$15 billion Alibaba Hong Kong IPO has been postponed due to continuing political unrest in the city.

BreadTalk Group CEO quits, citing personal reasons

BreadTalk Group CEO Henry Chu has resigned, citing “personal and health reasons”.

Amazon in talks over Reliance Retail stake

Amazon is in talks with Reliance Industries Ltd’s retail unit to buy a stake in India’s biggest brick-and-mortar retailer.

Levi Strauss ‘deliberate’ in moving production out of China

Levi Strauss & Co has been “deliberate and diligent” in moving production out of China because of uncertainty hanging over tariffs on goods imported from China.

Decline in Hong Kong retail sales in June less than feared

Hong Kong retail sales in June fell – but not by as much as many were expecting.

Huawei discount phone promotion leads to anger, arrest

A Huawei discount phone promotion has backfired causing shops to be shuttered and one indignant shopper arrested.

Mainland China retail sales surge in June

Motor vehicles and the 6.18 shopping festival spurred a healthy increase in Mainland China retail sales in June.

How the new IFRS 16 impacts retailers

Most enterprises in Asia Pacific are aware that International Financial Reporting Standard (IFRS) 16 took effect on January 1.

Philippines international franchise business-matching event planned

The largest Philippines international franchise business-matching event is scheduled for Manila on July 31.

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