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Prince Mohammed bin Salman (aged 32), called for the international community to exert economic and political pressure on Iran to avoid military confrontation in the region. Saudi Arabia has been a...

16 April 2018

Carlos Crespo, now Inditex’s n°2

Carlos Crespo has been promoted from Director of the internal audit department of Inditex Group to Chief Operating Officer, reporting directly to founder Pablo Isla. He will coordinate IT...

16 April 2018

Whole Foods loses executives

Senior staff departures are common after mergers and the Amazon-Whole Foods deal is no exception. Following the takeover by Amazon of the pioneer of natural grocers for US$13.5 billion, reducing...

16 April 2018

Tokyo’s Nihonbashi Takashimaya opens a Pokemon Center

On March 15th, the Nihonbashi Takashimaya department store became the 3rd unit (and the largest) for the Japanese franchise’s Pokemon Center, covering 1,300 sq.m. Here fans can buy soft toys...

16 April 2018

Asia keeps fueling Hermes growth

Asian sales for the luxury retailer grew 11% last year to €1.946 billion (US$2.4 billion), via an improved business in Hong Kong and Macau, with the Asian market “pursuing its upward...

16 April 2018

7-Eleven Thailand implements AI

The 10 million people walking daily into one of the 11,000 7-Eleven stores in Thailand will soon experience a very targeted customer service. The chain signed an agreement with

16 April 2018

Muji launches giant fresh market

The Japanese retailer, which has offered dried foods and snacks from 1980, has opened a giant 4,300 sq.m store, in Osaka featuring its very first market for fresh products. 50% of the store is...

16 April 2018

China’s home electrical market thrives… online

In China, where Dyson manufactures 100% of its home appliance products, high-end products such as handheld cordless vacuum cleaners are becoming increasingly popular. “In China, stick...

16 April 2018

Century Link Mall, THE MALL OF THE MONTH

Located in Shanghai within the Pudong Lujiazui area, the Century Link Mall is going through a whole refurbishment program (Malherbe Paris), following its acquisition from APM China, the property...

16 April 2018

Cosmetics retailer Flormar travels from Turkey to India

Eager to make inroads in India, the Turkish retailer Flormar (350 stores worldwide) signed an exclusive partnership with Reliance Retail, owned by the billionaire Mr. Mukesh Ambani. Around

16 April 2018

Ted Baker enters India via a joint-venture

The U.K. fashion retailer Ted Baker picked the Chanakya Mall in New Delhi to open its first store in India. Covering a sales area of 149 sq.m, it is selling menswear, womenswear and accessory...

16 April 2018

Children’s Place expands into China

The U.S. fashion retailer The Children’s Place (TCP) signed a licensing deal with Zhejiang Semir Garment (Semir), parent company of Balabala, China’s biggest speciality...

16 April 2018

China’s booming pet food spending has global interest

Global investors see a wave of opportunities in China’s pet food market, where households have a rising spending power and show a growing demand for premium-priced packaged pet foods. In...

16 April 2018

Chinese owner struggles to boost House of Fraser’s business

The struggling British chain of department stores House of Fraser (HoF) may be sold by majority shareholder Chinese firm Sanpower Group, which has an 89% stake in HoF and also runs China’s...

16 April 2018

Abu Dhabi aims to attract more foreign visitors

As the Emirate is ramping up tourist resources, including a large new Louvre Museum and easing of visitor regulations for Chinese travellers, Abu Dhabi reported a total of 405,849 visitors to...

16 April 2018

The U.K. retailer ‘Missguided’ opens in the Middle East

In late March, “Missguided” partnered with the Azadea Group to launch stores and online businesses in the U.A.E., Saudi, Kuwait, Bahrain, Jordan, Lebanon and Egypt. The retailer targets

16 April 2018

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