In Saudi Arabia, Chinese platforms JD.com and Meituan are battling in the delivery market Africa, Middle East Last month, Vietnamese group Tam Son International added Diptyque and Tory Burch to a portfolio of franchised brands,…
TikTok Shop launches in Japan and secures a future in Indonesia Asia ByteDance is accelerating the rollout of TikTok Shop in Asia with an imminent launch in Japan. At the same time, the platform obtained conditional approval for acquisition of Tokopedia in Indonesia, a first international market.
To capture the potential of Indian beauty, Chanel seals a key partnership with Nykaa Asia In India, the premium beauty market is whetting appetites. Under the leadership of Chanel’s CDO, Renaud Batteux,…
Unibail launches franchise in Saudi Arabia with Cenomi Centers Africa, Middle East On May 5, Unibail-Rodamco-Westfield (URW) announced a launch in Saudi Arabia through a franchise partnership with operator Cenomi Centers.…
Carrefour re-signs with Majid Al Futtaim until 2031 Africa, Middle East On April 3, Carrefour renewed an exclusive franchise agreement until 2031 with the Emirati group Majid Al Futtaim (turnover 2024: €8.53 billion,…
In a booming second-hand market, 2nd Street continues Asian expansion Asia Japanese second-hand specialist 2nd Street continues to expand, opening a first store in Singapore at the end of April in the 313@Somerset centre (26,800 sq.m of net leasable area).…
Like Action, Miniso closes the 2024 financial year with a 23% increase in turnover Asia During the financial year ending at the end of December 2024, the Chinese company Miniso reported, on March 21, an unaudited turnover of US$2.33 billion (up by 22.8%,…
With a 9% increase in turnover, Mercadona has strengthened its margin in 2024 Europe On March 13, Mercadona, Spain‘s largest grocery retailer (1,674 stores in Spain and Portugal, 110,000 employees) reported gross sales of €38.84 billion,…
For the first time since 2020, the number of French franchised stores fell in 2024 Europe Closures in the fashion sector, lower performance for supermarkets and household equipment farnchised stores, which underperformed the market... In France, the number of franchises fell by 1.4% in 2024. A first in 5 years.
La Foir’fouille chooses Duval for franchise African expansion Africa, Middle East On January 31, discount chain La Foir’fouille (steady 2023 sales at €815 million,…
