Latest Business News - Inside Retail Asia
China retail sales posted solid growth in April, despite concerns over a slowing economy and the Sino-US trade war.
Loob Holding, parent of Malaysian bubble-tea chain Tealive, is preparing an IPO in Malaysia with a view to raising US$72 million.
Singapore retail sales slid by 1.5 per cent in March, after excluding motor vehicle sales from the data.
Retail sales may be down but Hong Kong restaurant sales rose by 3 per cent in the first quarter of this year.
Hong Kong retail sales in March slipped by a negligible 0.2 per cent.
Honestbee CEO and cofounder Joel Sng has stepped away from the business, clearing the way for a fresh round of investment.
Chinese textile and retail investment company Shandong Ruyi will list an IPO for its recently acquired The Lycra Co. in the hopes of raising around US$500 million.
Marquee Brands has acquired Martha Stewart and Emeril Lagasse from Sequential Group.
The Asian grocery market will generate US$4.264 trillion of sales by 2023 – almost the same as Europe and North America combined.
Singapore retail sales plummeted 10 per cent year on year in February.
Business futurist Morris Miselowski has hypothesised the coming emergence of the flexitarian diet and its potential impact on the food industry.
Hong Kong retail sales fell 1.6 per cent in the first two months of this year.