Taiwan Latest News - Inside Retail Asia
Havaianas invests $US50 million in Asian expansion plan
Undeterred by the advent of Covid-19, Brazilian flip-flop brand Havaianas is investing US$50 million into expansion of its retail footprint across Asia-Pacific between now and 2024.
Eslite Shenzhen store closes after Covid-19 woes
Taiwanese bookstore Eslite is closing its operations in Shenzhen following the impact of the coronavirus pandemic.
VF Corporation to boost Greater China management ranks
Apparel, footwear and accessories firm VF Corporation is making a series of organisational changes it says will “strengthen and accelerate” its business strategy in Asia Pacific, with a particular focus on China.
Iconix Brand Group sells Starter China business
American brand management company Iconix Brand Group has sold the Starter China business for US$16 million to an unnamed local investor.
Indonesia’s Fabelio raises US$9 million for expansion
Indonesian online furniture retailer Fabelio has raised US$9 million in a Series C funding round led by Taiwanese venture firm AppWorks.
Dickson Concepts’ retail arm loses $US27m as tourist trade evaporates
Hong Kong retailer Dickson Concepts describes the territory’s retail environment as “the most challenging the group has ever faced”.
Mitsui Outlet Park planned for Taichung, Taiwan
Japanese developer Mitsui Fudosan is set to open a Mitsui Outlet Park in Taichung, Taiwan, which will include a Mitsui LaLaport shopping mall.
Taiwan’s O’right makes Japanese debut
Beauty brand O’right is to open its first store in Japan at Isetan Shinjuku on June 10, followed by a second store in Yurakucho Marui the next day
Dairy Farm sells Wellcome Taiwan to Carrefour
Hong Kong-headquartered Dairy Farm is to sell its Wellcome Taiwan grocery retail business to Carrefour, with settlement due later this year.
Taiwan’s Eslite to make Southeast Asian debut in Malaysia
Taiwanese bookstore chain Eslite is preparing to launch in Kuala Lumpur, most likely in downtown Kuala Lumpur.
Taiwan’s Hung Rui Chen sandwich chain to launch in Hong Kong
Local and tourist favourite sandwich maker Hung Rui Chen will be opening a flagship store in Hong Kong this August.
Esprit to close all of its Asian stores by June 30
Crippled apparel group Esprit is to close all its stores in Asia, except those in Mainland China, by the end of June.