Stores
Reliance Consumer buys 51% stake in Lotus Chocolate
Reliance Consumer buys 51% stake in Lotus Chocolate
The aggregate consideration stood at INR74 crore.
Pride month campaigns should come with ‘active’ LGBTQ+ support
Logo changes are perceived as “shallow” publicity stunt.
Proposed tax hikes could hurt no-alcohol beer in Thailand
A tax hike on no-alcohol beer is being considered to discourage attracting novice drinkers.
Top 25 global retailers post 7.1% revenue growth despite economic woes
GlobalData linked this to the pandemic-driven shift in shopping habits.
Philippines yet to feel impact of lower capitalisation for foreign retailers
Law setting minimal required investment may attract not the big retailers but small and medium-scale foreign businesses.
Over 50% of SG households change grocery buying habits amidst inflation
More than 40% decreased their budgets, whilst nearly 15% allotted a higher budget for groceries.
Localism rises amongst Indian consumers
Local products offer better value for money and are more in line with consumers’ priorities.
Jollibee exits PHO24 business
This will enable the company to concentrate on its other businesses.
Suntory Beverage & Food net profit up nearly 10% in Q1
Its net profit attributable to owners amounted JPY14.6b.
Reliance Retail net profit grows by 12%
Its net profit amounted to INR2,415 crore.
Central Retail posts over 75% net profit growth in Q1
Its net profit stood at THB2.31b during the quarter.
FamilyMart Malaysia’s store cafe secures halal certification
It plans to have 300 halal-certified FamiCafé by 2025.
Philippine-based Figaro Coffee's net income rises by over 50% in Q1
Its net income after tax stood at P99.3m (US$1.7m).
Tim Hortons to launch in South Korea
It signed a master franchisee agreement with South Korean QSR chain BKR Co. Ltd.
DFI Retail names new Group chief executive
Scott Price will assume the position on 1 August.
Philippines’ SMFB sustains growth momentum in Q1
The food and beverage company reported an 8% rise in consolidated net income.
Watsons expands products under the Sustainable Choices scheme
There are now 8,000 products offered under the scheme.
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1. Foodpanda automates ‘dark stores’ in Singapore to speed up deliveries 2. Indonesia e-commerce market to hit $46.6b by 2025 3. Tim Hortons launches packaged coffee in South Korea 4. Malaysian retailers told to prioritise technology, consumer-centric approaches 5. Unlock the power of AI in solving supply chain challenges with RELEX SolutionsResource Center
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