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A first luxury outlet mall expected in Thailand
The shopping mall developer Central Pattana (CPN) will invest US$158 million to build Thailand’s 1st luxury outlet shopping centre. Called Central Village, it will be located near...
25 May 2018
Sales record for Yves Saint Laurent Beauté on Tmall
YSL Beauté (owned by L’Oréal, as is Lancome and Kiehl) registered a record for the most sales by a cosmetics brand during its first day on Tmall. Over 24 hours, sales reached...
25 May 2018
Costco to make inroads into China
The wholesale retailer Costco will open its first membership retail store in 2019. This will be in Shanghai’s Minhang district in partnership with the property company Galaxy Holding based...
25 May 2018
Eataly moves ahead in China
The Italian high-end food retailer Eataly (turnover of €465 million in 2017 up by 20% year-on-year) is considering creating a possible joint-venture in China with a local partner. According...
25 May 2018
Too many entertainment services in Dubai ?
As entertainment theme parks have mushroomed in Dubai (7 in total), the Al Ahli group has suspended a project for another in Dubai. This is in partnership with the 20th Century Fox and due to open...
25 May 2018
V.A.T. slows “retail” consumption in Abu Dhabi
According to C.B.R.E., Emirati consumers are more cautious in their retail spending due to higher costs of living and the impact of the
25 May 2018
UAE. Extension of Al Jimi centre in Al-Ain
By the end of 2018, Aldar Properties will complete the extension of its Al Jimi mall in Al-Ain, the U.A.E.’ 4th largest city with a population of 470,000 people. This new investment program...
25 May 2018
MAF invests “all ways” in cinemas
Majid Al Futtaim (MAF), the Gulf largest family-owned retail conglomerate aims to open 600 cinemas in Saudi Arabia over the next 5 years, ready to exploit the gradually opening entertainment...
25 May 2018
The Chalhoub Group plans a 2% sales uplift in 2018
After a “gloomy” 2017 year with sales up by 1%, the Emirati luxury giant (partners include Louis Vuitton and Fendi) predicts a similar trend for 2018, with turnover up by 2%. “A...
25 May 2018
South Africa. Pick and Pay downsizes hypermarkets
“Consumers are doing less and less big weekly shopping,” says Richard Brasher, C.E.O. of the South African grocer Pick and Pay. “There is no time to spend in the larger...
25 May 2018
Fashion. Turkish retailer De Facto sees potential in North Africa
In Turkey, the expected I.P.O. (Initial Public Offering) of the affordable fashion retailer DeFacto Perakende Ticaret should help the firm reduce a net debt of US$117 million at December 2017...
25 May 2018
Ikea rolls out its urban formats
In France, the world’s largest furniture retailer Ikea has announced the opening of a store covering 6,000 sq.m GLA over two floors in the Madeleine business neighbourhood of Paris. This is...
25 May 2018
Gucci remains Kering’s growth engine
During the first quarter ending in late March 2018, Gucci’s sales jumped by 49% to €1.8 billion. The luxury label, nicknamed the “backbone” of the group by...
25 May 2018
Moscow. Geox is testing a 100% child store
The Italian footwear retailer has opened a store dedicated to babies, children and teenagers (55 sq.m of sales area) in the Europesky mall, recording 40 million visitors per year. In 2017, Geox...
25 May 2018
Kiko aims to boost Eastern growth
The beauty retailer Kiko is in advanced talks with the Luxemburg-based fund Peninsula (Rothschild), which could become a minority shareholder via a 30% investment and a capital increase of...
25 May 2018
Smyths Toys becomes Europe’s n°1 toy retailer
The Irish retailer Smyths Toys (110 medium-sized stores in Ireland and the U.K.) is about to double in size with the purchase of Toys’R’Us stores in Germany (68), Austria (15) and...
25 May 2018
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12 December 2025
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Price-fixing investigation: Swatch and Citizen under scrutiny in Italy
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In the U.S.A., retail job cuts rise 139% in a year
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Italy: three executives from luxury goods group Tod’s investigated over worker exploitation
After placing Loro Piana (LVMH), Armani, Dior and Valentino under judicial administration, the Milan public prosecutor's office is now targeting Tod's. Three of its executives are under...
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