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GreenCorp acquires Emad Bakeries to strengthen food investment platform
GreenCorp acquires Emad Bakeries to strengthen food investment platform
The acquisition is expected to strengthen GreenCorp's investments in food processing operations.
Southeast Asia's coffee and tea shop sales surge to $4.4b
Singapore was seen by some coffee chains as a strategic hub for their international ventures in the coffee industry.
Privatisation move for Isetan Singapore underway
Isetan Mitsukoshi will acquire 19,500,000 shares in Isetan Singapore for $140m.
ION Orchard launches Singapore's 1st Sustainable Takeaway Programme
Sustainable Takeaway will run from 1 April to 30 September 2024.
Indonesian consumers embrace functional fragrances as stress level rises
Around 80% of consumers consider a product’s health impact in their purchase.
L Catterton Asia forms JV with Sanjiv Mehta for Indian market
Mehta will serve as its executive chairman of India, effective 4 April.
Australia's Easter-labelled online candy SKUs down 10 % YoY amidst cost-of-living crisis
Still, seasonal chocolate sales are expected to outpace other chocolate confectionery types in the country.
Coupang to invest $2.23b to expand ‘rocket delivery’ in South Korea
It will set up more than eight fulfilment centres to serve as logistical hubs for swift delivery.
Esprit suffers $298.9m net loss for FY2023 amidst challenging economic environment
The group's total revenue was down 16% YoY to $7.6m.
Jollibee invests $28m in beverage firm Botrista
The investment aligns with its goal of tapping into the growing market for beverages globally.
Around 9 in 10 APAC retail CIOs plan to invest in GenAI
Challenges in GenAI adoption include cybersecurity and privacy.
JD Super and Quinta do Noval partner to bring premium Portuguese wines to China
It will expand the selection of Portuguese wines on JD Super’s platform.
Ingka Investments completes acquisition of Ikano Bank
It is expected to strengthen IKEA's financial services portfolio.
GOPIZZA to expand to over 200 outlets in South Korea
It will be launching in partnership with the convenience store brand GS25.
Central Department Store invests $109.38m to transform Central Chidlom into a luxury department store
Central Chidlom is projected to open in December this year.
Venturi Partners invests $25m in DALI Discount for Philippine expansion
It is Venturi Partners’ second Philippine investment after Pickup Coffee.
Slow sales drag retail property market although leasing rates “strong”
Structural change and shifts in visitors are some challenges the market may face.
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