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The private equity firm Warburg Pincus LLC said in December that it has raised a $2 billion fund and closed financing after 6 months.

12 January 2017

Carlyle is eager to invest in the McDonald’s franchise in China

McDonald’s aims to sell up to 80% of the Chinese business to the Carlyle consortium, which already includes Citic, the Chinese state-owned conglomerate. The proposed deal value is expected...

12 January 2017

Chinese retail sales soared in the year to November 2016

Chinese retail sales soared in the year to November 2016. According to the National Bureau of Statistics, retail sales increased by 10.4% in China during the period between January and November...

12 January 2017

Payment by smartphone gains ground at Etam stores in China

According to Laurent Milchior, C.E.O. of the Etam Group, WeChatPay and Alipay account for more than one third of transactions at Etam stores located in Chinese malls.

12 January 2017

7-Eleven will enter Vietnam

7-Eleven will enter Vietnam. The Japanese chain 7-Eleven will open its 1st store in Ho Chi Minh City in early 2017 via a franchising agreement with IFB Vietnam, which also runs Pizza Hut in the...

12 January 2017

Department stores travel from Japan to Southeast Asia

Department stores travel from Japan to Southeast Asia. Faced with a declining population, Japanese department stores are looking for growth elsewhere in South East Asia. Takashimaya is preparing a...

12 January 2017

Spar-China celebrates a 12-year anniversary with an I.P.O

Spar-China celebrates a 12-year anniversary with an I.P.O. Jijiayue Group, which controls the franchisor of Spar’s operations in China, is now listed on the Shanghai Stock Exchange. Funds...

12 January 2017

Lego makes inroads in South Korea via a department store

The 1st Lego store opened in December 2016 in South Seoul as a “corner” within the high-end Hyundai Department Store, Pangyo branch. This store houses an array of international...

12 January 2017

Muji will open a hotel in Beijing

The Japanese retailer Muji will open an hotel (41 rooms, café, bookstore and lounge) during the 2nd half of 2017. The 4th floor has a café & restaurant overlooking Tiananmen...

12 January 2017

Can Africa become a source for global textiles?

Kenya, Madagascar, Mauritius and Ethiopia are proving that sub- Saharan Africa has the capability to produce export quality clothing for a global market. “Saying that Africa will be the next...

12 January 2017

The Emirates move to attract tourists

Hotel occupancy in Abu Dhabi fell by 10% in October 2016 (to 73%) within a supply surplus. The length of stay dropped by 9% year-on-year to 2.8 nights. As a result, the government introduced...

12 January 2017

Amazon is eager to invest in the Gulf’s biggest online retailer

Amazon is in discussions to buy a stake in Souq. com, the region’s biggest e-commerce site. In December, Al Tayer Group, which runs Bloomingdale’s, Crate & Barrel, Coach and...

12 January 2017

Cash-on-delivery leads in the Gulf region

In the U.A.E., 70% of payments to online retailer Sivvi.com (which sells 140 fashion brands, average ticket of €90) are by cash when delivered. In Saudi Arabia, this is 85%. “The...

12 January 2017

Saudi firm invests in McDonald’s in South-East Asia

The Saudi Arabian firm Lionhorn, led by Sheik Fahd and Abdulrahman Alireza and franchisee for 100 McDonald’s restaurants in Saudi Arabia, has purchased new franchise rights for Singapore and...

12 January 2017

Barnes & Noble goes further in catering services

The U.S. bookstore chain (sales down by 3.5% in the quarter to October) is testing a fullservice restaurant named “Barnes & Noble Kitchen” at 3 U.S. locations (2,000 sq.m, 120...

12 January 2017

A French-U.S. giant for children’s clothing is born

After months of discussions, the French retailer Orchestra-Premaman finally signed a deal in December 2016 to buy U.S. rival Destination Maternity, which is valued about US$100 million. The deal...

12 January 2017

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