Vietnam Latest News - Inside Retail Singapore

Southeast Asia’s online retail market set to grow at 23 per cent

Southeast Asia’s online retail market is expected to reach US$53 billion in the next five years.

Gong Cha bubble tea could fetch US$442 million

South Korean private equity firm Unison Capital is selling its Gong Cha bubble tea franchise in a deal likely to fetch up to US$442 million.

Global grocery markets growth fuelled by Asia, says IGD

Global grocery markets are likely to generate an additional US$1.9 trillion in sales by 2023, led by Asian countries, according to new research data.

Lazada commits to removing counterfeit South Korean goods

Lazada has pledged to remove any counterfeit South Korean goods from its platform.

Not delivering on customer experience costs retailers in Asia

Nearly two-thirds of consumers in Asia will no longer shop with a retailer after just one poor customer experience.

Owndays plans 500 stores across Asia after capital injection

LVMH-back private equity fund L Catterton Asia has partnered with Mitsui & Co to take an unspecified stake in Owndays.

Another loss for Parkson Retail Asia

Struggling department store operator Parkson Retail Asia has hinted it may close further stores as it posted yet another loss.

Luxasia Vietnam targets millennials

Luxasia Vietnam is already offering 20 brands, with more to come.

Tencent and Hillhouse Capital invest in Miniso

Tencent and Hillhouse Capital have invested RMB1 billion (US$146 million) into fast-growing Chinese discount retailer Miniso.

Coca-Cola to pay US$5.1 billion for Costa Coffee

Coca-Cola has agreed to buy UK cafe chain Costa Coffee from listed hotel operator Whitbread for US$5.1 billion.

Parkson Retail Asia posts loss as sales dive in Vietnam

Vietnam operations continue to be at the bleeding edge of Parkson Retail Asia’s ongoing losses.

Philippines’ Salad Stop and La Lola Churreria restaurants to go global

Philippines private equity firm MFT Group is investing US$3 million to expand its Salad Stop and La Lola Churreria restaurant brands overseas.

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