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Weekly News Wrap: Alibaba shares surge 60% as crackdown expected to ease; Pret bets on local tastes in Reliance tie-up
Weekly News Wrap: Alibaba shares surge 60% as crackdown expected to ease; Pret bets on local tastes in Reliance tie-up
And BGF Retail wins big with a $2 lunch amidst surging inflation.
Shenzhen’s retail market face concerns despite expansion
Retail sales of consumer goods fell in the first quarter.
Central Retail eyes investing over $862.2m in Vietnam in the next 5 years
It plans to be to number one omnichannel platform in Vietnam.
Philippine-based liquor firm to join SGX main board on 14 July
It will be the first Philippine-listed company to hold a secondary listing on SGX.
Malaysia posts highest wholesale, retail trade sales since 2013 in May
It increased by 19.9% YoY to around $29.4b.
Costco completes purchase in 45% stake in Taiwan business
The company operates 14 warehouses in Taiwan.
Alibaba’s RT mart launches bottle recycling initiative in China
Empty plastic bottles will be transformed into table tennis tables.
Weekly News Wrap: Ambani’s kin to head Reliance’s retail arm; China Tourism Group to relaunch Hong Kong listing plan
And an Australian appliance chain pauses its facial recognition trial.
‘Clean’ beauty drives Philippines’ skincare market: report
The market could reach $1.5b by 2026.
Philippine-based Century Pacific expands ‘unMEAT’ portfolio with fish-free tuna
This is in addition to “unMEAT” luncheon meat and “unCHEESE.”
A.S. Watson invests $114.7m more in tech to improve customer experience
Priorities for investment include O+O solutions and in-store technologies.
J Shop opens first flagship store in southwest China
Around 400 brands and 2,000 products are carried in the shop.
Gap Inc. enters India market
This is thanks to its partnership with Reliance Retail.
Six in 10 consumers in East Asia worry about climate change
Sustainability is a key focus in the region, Euromonitor International.
Retailers eye using recycled plastic, sustainable materials in products
Some companies in the personal care sector are offering re-fillable options
More brands to pierce through the Metaverse madness in 2022: report
This comes as brands explore avenues of digital personalisation.
Philippines’ Fruitas to buy Ling Nam restaurant with Balai IPO proceeds
The IPO raised some P203.8m in net proceeds.
Most Read
1. Shopee allocates $38.46m to SME programmes for 2026 2. Lazada launches tiered membership programme in six Southeast Asian markets 3. China’s FMCG market logs 1.3% growth in Q3 on more O2O purchases 4. IKEA opens first New Zealand store at Sylvia Park 5. Singapore shoppers start year-end buying earlierResource Center
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The Filipino snack brand transformed bacon into both a culinary canvas and a consumer favourite.
