Vietnam Latest News - Inside Retail Singapore
Southeast Asia’s online retail market is expected to reach US$53 billion in the next five years.
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 are likely to generate an additional US$1.9 trillion in sales by 2023, led by Asian countries, according to new research data.
Lazada has pledged to remove any counterfeit South Korean goods from its platform.
Nearly two-thirds of consumers in Asia will no longer shop with a retailer after just one poor customer experience.
LVMH-back private equity fund L Catterton Asia has partnered with Mitsui & Co to take an unspecified stake in Owndays.
Struggling department store operator Parkson Retail Asia has hinted it may close further stores as it posted yet another loss.
Luxasia Vietnam is already offering 20 brands, with more to come.
Tencent and Hillhouse Capital have invested RMB1 billion (US$146 million) into fast-growing Chinese discount retailer Miniso.
Coca-Cola has agreed to buy UK cafe chain Costa Coffee from listed hotel operator Whitbread for US$5.1 billion.
Vietnam operations continue to be at the bleeding edge of Parkson Retail Asia’s ongoing losses.
Philippines private equity firm MFT Group is investing US$3 million to expand its Salad Stop and La Lola Churreria restaurant brands overseas.