Indonesia Latest News - Inside Retail Singapore
Honestbee has shut down or suspended operations in five countries as it seeks funding to continue to trade in its core markets, including home base Singapore.
Honestbee is freezing operations in Hong Kong and Thailand and laying off staff as it urgently seeks investment to stave off collapse.
Singapore-based shopping rewards platform V-More has launched a luxury fashion range for redemption.
Lazada is boosting its cross-border operations for international brands and merchants to after its cross-border sales quadrupled over the last three years.
Dairy Farm Group has warned shareholders that its restructure will take five years to complete.
India’s Belgian Waffle Co chain is to expand into Southeast Asia.
Singapore online fashion market Zilingo has achieved capital investment of $226 million in a new funding round.
Strong international sales ensured respectable McDonald’s results in the latest quarter.
The world’s largest luxury retailer LVMH shrugged off broader market pessimism overnight reporting record revenue of €46.8 billion last year.
Tumbling iPhone demand drove an uncharacteristic decline in Apple sales in the first quarter trimming back its profit for the period.
Southeast Asian-focused e-commerce platform Zilingo is likely to venture into offline retail this year.
Southeast Asia’s online retail market is expected to reach US$53 billion in the next five years.