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Blackstone makes maiden investment in Indian fashion sector

International private equity firm Blackstone has invested roughly US$244 million in debentures in Future Lifestyle Fashions holding company Ryka Commercial Ventures.

Swedish retailer Sneakersnstuff to make Asian debut in Tokyo

Stockholm-based retailer Sneakersnstuff is about to open a flagship store in Tokyo, its first Asia location.

Duty Free Philippines opens high-end downtown duty-free store

Duty Free Philippines Corporation has opened a new downtown duty-free store called Duty Free Luxe at the Mall of Asia in Pasay City.

First Conran Shop in Seoul is UK brand’s biggest yet

The first Conran Shop in Seoul has opened – and it is the British luxury furniture and home accessories retailer’s largest store globally.

Merci Marcel opens on Singapore’s Orchard Road

Lifestyle brand Merci Marcel has launched a new flagship in Singapore at Palais Renaissance.

South Korea’s No Brand chooses Manila for first overseas foray

South Korean hypermarket operator E-mart is set to open its first overseas No Brand outlet in the Philippines.

Burberry Japan opens flagship store in Ginza

Burberry Japan has opened a flagship store in Tokyo’s Ginza district, the label’s fourth new store to open in the last six months.

FamilyMart Japan culls staff as store network shrinks

FamilyMart Japan is reducing its operational costs by letting go 800 employees, equal to about one in 10 of the convenience-store operator’s total staff count.

Minor International buys Bonchon restaurants in Thailand

Thai hospitality firm Minor International has bought Thai restaurant operator Chicken Time, which operates more than 40 Bonchon fried chicken outlets across the nation.

Luxury labels increase focus on burgeoning South Korean market

South Korean consumers’ love for luxury labels is encouraging high-end brands to take bold, innovative moves into the market, opening pop-up stores and staging world-exclusive fashion shows.

Chinese-owned Pizza Express faces tough debt decision

Pizza Express may be broken up as its Chinese parent Hony Capital resists attempts to negotiate the restructuring of more than £1.1 billion of debt.

Miniso Hong Kong shutters stores, docks staff pay due to protests

Miniso Hong Kong has shuttered all of its 50 stores since November 14 citing ongoing protest action – and reportedly won’t be paying staff for the week.