Stores
South Korea’s online grocer Market Kurly mulls local IPO
South Korea’s online grocer Market Kurly mulls local IPO
The IPO is slated for the first half of next year.
Weekly News Wrap: China calls on e-commerce sites to curb spam; Luckin Coffee reaches $175m class action settlement
And Philippines-based AllDay Marts poised to jump in trading debut.
Retail recovery unlikely for Malaysia in 2021
The country’s consumer spending is tipped to exceed pre-pandemic levels by 2022.
Reliance Retail buys controlling stake in Ritu Kumar designer brand
This includes the purchase of a 35% stake from Everstone.
Weekly News Wrap: Alibaba’s shares rise after Jack Ma’s reappearance; Arbitrators junk Future's plea on Reliance deal
And India-based Rebel Foods will roll out 2,000 outlets across Asia in a Foodpanda tie-up.
Starbucks Korea probed over unregistered pre-paid cards
The company was criticised for hiding pre-paid charges from financial supervision.
JD brings products from six countries in Tianjin
Its national pavilions feature products from various countries to the Chinese market.
Retail vacancy in Guangzhou shrinks despite rising market sentiments
F&B businesses enjoyed a rapid recovery in Q3.
South Korea’s online brands expand to physical stores
The stores were designed to appeal to the younger generations.
Shinsegae’s E-Mart24 launches fifth Malaysia store
It is planning to open 10 stores in the country by the end of 2021.
Weekly News Wrap: Alibaba’s Jack Ma surfaces in Hong Kong; Reliance Retail buys 40% stake in Bollywood fashion house
And a Beijing bakery rolled out a Squid Game-inspired confection-making contest.
Anxious consumers to hold back APAC retail spending
Two in three respondents still continue to work from home and are more heavily online.
RedMart opens new fulfillment centre as grocery delivery demand rise
The 350,000 sq ft West Fulfillment Centre is worth close to S$100m.
Starbucks Korea employees mull protests over workload
The wave of customers from regular giveaways may have caused complaints amongst staff.
Candy store behind ‘Squid Game’ dalgonas draws huge crowd
Most customers challenged themselves with the umbrella-shaped dalgona.
Alibaba’s Ele.me launches accreditation of F&B chains hiring PWDs
The food delivery platform will offer training in hiring and supporting employees with disabilities.
Weekly News Wrap: Chinese consumers splurge on luxury in Hainan; Reliance Retail opens first 7-Eleven store in India
And Meituan was fined $530m for breaking China’s anti-monopoly regulations.
Commentary
Traceable, regenerative, profitable: The new rules of food retail in Asia
Packaging the future: Why Asia’s F&B sector must treat sustainability as strategy