News
Tim Hortons to launch in South Korea
It signed a master franchisee agreement with South Korean QSR chain BKR Co. Ltd.
L'Oréal sees ‘strong double-digit’ growth in all zones except North Asia
This is due to a reduction of stock-in-trade in mainland China.
Coupang net income climbs by $300m in Q1
Its net income amounted to $91m.
DFI Retail names new Group chief executive
Scott Price will assume the position on 1 August.
SHEIN opens new global integrated marketplace
The SHEIN Marketplace will host domestic and international third-party sellers.
Philippines’ SMFB sustains growth momentum in Q1
The food and beverage company reported an 8% rise in consolidated net income.
adidas sees ‘better-than-expected’ growth in China despite 9% revenue decline
The company recorded ‘flattish sales’ and a small operating profit overall.
Jollibee net income drops by 10% in Q1
Its net income attributable to equity holders stood at P2.1b (US$37.6m).
Watsons expands products under the Sustainable Choices scheme
There are now 8,000 products offered under the scheme.
APAC consumers seek sensory adventures and physical experiences: study
WGSN’s Asia Shopper Forecast 2023 dives into shopper profiles and their desires.
Suntory Pepsi rolls out 100% recycled PET bottles in Thailand
PET bottles accounted for nearly 60% of soft drinks packaging volume in 2022.
Philippines’ Universal Robina net income flattens in Q1
This is due to higher financing costs and non-cash impairments in its farm business.
Domino’s Pizza to open over 400 stores in China until 2024
This came after the franchisee in China debuted on Hong Kong Stock Exchange.
Australia’s retail sales up 0.4% in March
This is higher than the 0.2% increase in the previous month.
Australians prefer in-store retail due to digital shopping fatigue
Around 3 in 5 Australians want in-store retail therapy.
SKS Capital invests in South Korea’s Grace
The $5m raised will be used for Grace’s business expansion.
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