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China Fruits boosts retail network

Chinese fruit wholesaler and exporter China Fruits Corporation expanded its store network to 64 shops in 2014. The franchised network, built and operated by its subsidiary Taina International Fruits, stood at just 13 at the end of 2013. Now the company is set to expand the branded store network nationwide. CFC specialises in tangerines, which it grows, as well as wholesaling and exporting produce. But it is find retailing a lucrative arm of the business, catering to the increasing number o…

Tesco China stores rebranded

Tesco China is rebranding its stores under majority partner China Resources’ Vanguard banner.

Hungry Foodpanda eats up rivals

Online food delivery service Foodpanda.com has gobbled up six rival services across Asia. The Rocket Internet subsidiary recently secured US$60 million in a capital funding round and his wasted little time investing in rivals to boost its market share. The businesses bought, with business descriptions provided by TechInAsia.com,  are: Just Eat in India – This deal pertains only to the Indian segment of UK-based Just Eat. Along with Foodpanda’s recent TastyKhana buy-up, Foodpanda n…

Matahari expands into Ketapang

Matahari Putra Prima has opened its 10th hypermarket – and its first in Ketapang, Kalimentan. The multi-format Indonesia Indonesian retailer operates Hypermart, Foodmart and Boston Health & Beauty stores. The new hypermarkets is located at Borneo City Mall, Ketapang, one of the largest shopping centres in West Kalimantan. It has a gross selling area of 5000 sqm and is the chain’s 11th in Kalimantan. An opening ceremony was attended by the Regent of Ketapang, Drs. Henrikus, MSi, Director…

Aeon nears Indonesian debut

Japan’s Aeon is completing construction of its first shopping mall in Indonesia. Its Indonesia debut follows success in Malaysia and Thailand where it is building strong networks of hypermarkets, supermarkets and mini-markets, and a more recent foray into Vietnam where it has two shopping centres already trading in the south and a third under construction in Hanoi. Aeon Mall Sinarmas Land Indonesia, its local arm, is building Aeon Mall Bumi Serpong Damai (BSD) City which will have more t…

Supermarket chain snaps up rival

Philippines-based supermarket operator Puregold Price Club has bought nine rival stores in Nueva Ecija and other provinces north of Manila. In a stock exchange filing Puregold said the supermarkets were acquired from Nueva Ecija-based retailer NE Inc and are located in Cabanatuan and San Jose, Nueva Ecija; Baliwag, Bulacan; Baler, Aurora and Santiago, Isabela. “The additional stores will also make Puregold the dominant retail player in the province of Nueva Ecija,” the statement said. …

Line app gets into groceries

Social media and chat app Line is getting into the grocery retailing market with the launch of an online supermarket for Southeast Asia. Line, with 181 million monthly active users at the last count, will launch the supermarket service first in Thailand on February 4, reports TechInAsia.com. It promises discounts on some everyday groceries that people need to stock up on often, such as bottled water, coffee, and instant noodles. There will be free delivery for Thai shoppers. Thailand is on…

Wings chain lands in Philippines

US-based Buffalo Wild Wings opened its first restaurant in the Philippines on Thursday, (January 29). The new restaurant at Capitol Commons in Pasig City is the first of several to open in the Southeast Asian country, joining more than 1070 Buffalo Wild Wings restaurants in North America. “Between our fresh, diverse menu and sports centric dining experience, we are confident that Filipinos will enjoy this new option for watching their favorite sporting events,” said Sally Smith, CEO an…

Aeon buys stake in Vietnam supermarkets

Japan’s Aeon has taken strategic shareholding in two Vietnamese supermarket chains, extending a strategic alliance established last year. The company has bought a 49 per cent stake in Citimart which has 27 supermarkets, mostly in Ho Chi Minh City. And it has taken 30 per cent of Fivimart, another chain with 20 stores in Hanoi, the capital. Aeon formed strategic alliances with both chains last year, supplying its house branded products to all the stores, which added the Aeon logo to its s…

C-store chain offers unique convenience

Convenience stores are all about acquiring essentials and treats quickly and efficiently. But Korea’s largest chain CU is expanding the definition. Add to the food and grocery menu private lockers and meeting rooms. The lockers, as the above image from the Korea Times website shows, are designed to be a convenient place for travellers and nightclubbers to secure their belongings while they indulge their pastimes. BFG Retail, franchisor of CU (formerly trading under the Family Mart ban…

Massive 7-Eleven rollout planned

Listed Philippine Seven Corporation (PSC), the local licensee of 7-Eleven Convenience Stores, will boost its capital spend this year by 50 per cent to expand its network. The company says it ended 2014 with 1282 stores – 273 more than at the same time a year earlier. It opened 286 and closed 13 during the year. Now it says it will spend P3 billion (US$68 million) in 2015 to fund an “accelerated store expansion strategy”. Some 350 stores could be added by the end of the calendar year…

Aeon plans 500 Thai stores

Japanese retailer Aeon is planning to increase its supermarket network in Thailand to 500 outlets by 2020. But this year it has scaled back its expansion plans due to what it considers to be a subdued retail market. Aeon currently has 76 supermarkets in Thailand most trading under the MaxValu brand, shops which are larger than convenience stores but smaller than full scale supermarkets. Many trade 24 hours. The company had planned to open 30 new stores this year but now says it will ope…