News brief

As a sign of the maturity of Poland’s shopping centre sector, a quarter of the country’s 400 malls have already benefited from sq.m extensions. On average, these malls have increased...

23 May 2018

The Chinese version of Apple will enter France

On May 22, 2018, the world’s 4th largest smartphone manufacturer Xiaomi (turnover of US$13 billion) will make inroads in France. The Chinese firm will inaugurate a 1st official online...

23 May 2018

Revenue from “marketplaces” to double in 5 years

According to Juniper Research, the net revenue of global ‘marketplace’ platforms is expected to more than double from US$19 billion in 2017 to US$40 billion in 2022. The expanding...

23 May 2018

Ikea partners with a LVMH Designer

As a rare marriage, the Swedish furniture retailer Ikea announced in May a partnership with the fashion Designer Virgil Abloh (aged 38), the streetwear designer from Chicago. Virgil Abloh was a...

23 May 2018

Saudi Prince calls for pressure on Iran

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

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Advantail signs with Formality to streamline commercial lease management

Amid an ownership shake-up following its acquisition by Evoriel, shopping centre operator Advantail has signed with Formality to digitise the management of commercial leases and contracts across...

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