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Clothing and textile markets will remain in the red in 2017
In the five largest European economies of the U.K., Germany, France, Italy and Spain, sales of textile and clothing have ended the year 2016 in a negative trend. In these five combined markets...
12 January 2017
Chinese tourists flock to New York
In 2016, Chinese visitors to the Big Apple are expected to hit a record high of 958,000, seven times the number in 2007. New direct flights and recent favourable visa polices have boosted Chinese...
12 January 2017
The U.S. private equity firm Warburg Pincus raises US$2 billion fund to invest in China
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
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