News brief

In China, Belle International, the country’s largest women’s footwear retailer with about 20,000 stores in China, is to spin off its sportswear retail business division. Hillhouse...

25 May 2018

India : Wal-Mart invests US$ 16 billion in the e-retailer Flipkart

As Walmart scales back in Brazil and in the U.K. the world’ largest retailer by sales has just signed a US$16 billion deal for 77% of Flipkart, India’s fast-growing e-merchant. The...

25 May 2018

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

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Profound raises US$96 million in Series C funding, becoming a first GEO unicorn

Founded in 2024 in New York by James Cadwallader, GEO startup Profound raised US$96 million on February 24, 2026, in a Series C round led by Lightspeed Venture Partners, including Sequoia Capital...

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Agentic commerce : After Stripe, Mirakl partners with JPMorgan Payments

On March 10, 2026, Mirakl and JPMorgan Payments (JPMP) unveiled a partnership to deploy agentic commerce by combining the Mirakl Nexus agentic orchestration platform with the U.S. bank’s...

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