News
Starbucks China promotes COO to executive vice president, co-CEO
Molly Liu’s appointment will take effect on 2 October.
Starbucks China promotes COO to executive vice president, co-CEO
Molly Liu’s appointment will take effect on 2 October.
L’Oréal names China CEO, North Asia Zone president
Vincent Boinay’s appointment will be effective in February 2024.
Central Retail launches GO Wholesale
It targets business operators and small retailers, amongst others.
SHEIN invests $85m more under evoluSHEIN Roadmap
The additional fund will support its efforts for community empowerment globally.
Former Starbucks CEO retires from board
Howard Schultz stepped down as CEO in March.
Lazada launches AI, AR-powered Skin Test Technology
It is available in all six Southeast Asian markets.
TikTok Shop launches in US
There are over 150 million TikTok users in the market.
Embedded finance strategy to be featured in Retail Asia Forum in Manila
Deloitte Southeast Asia’s Anna Marie Magno-Pabellon to bring her expertise on navigating regulatory implications for retail and consumer businesses to the 5 October forum.
Three areas APAC retailers could focus on to navigate the ‘post-recovery phase’
Retailers will continue to face challenges due to competition and inflation, amongst others.
KKR to invest around $250m in Reliance Retail Venture
The investment company will now hold a 1.42% stake in RRVL.
Alibaba is APAC’s top e-commerce player
The top three leading e-commerce firms in the region were from China.
L’Oréal completes Aesop acquisition
It entered a deal with Natura &Co to purchase Aesop.
7-Eleven launches in Laos
Laos is the 20th country entered by 7-Eleven.
Foodpanda, DFI Retail Group partner to enable one-hour grocery delivery
The platform’s users can buy close to 20,000 grocery items through the app.
Reliance Retail Ventures forms JV with clothing brand Ed-a-Mamma
Reliance will hold a majority stake in the JV.
How appliance retailers boost e-commerce sales through DTC channel
They need to understand customer needs and overcome technical challenges.
Japan’s Seven & i sells Sogo & Seibu to Fortress Investment Group unit
The company aims to focus on its convenience store businesses.