UK-based Aquascutum acquired by a Hong Kong firm
Tweet One of the top British luxury apparel brands, Aquascutum, has finally been fully acquired for GBP15 million by YGM Trading Limited, a Hong Kong-based apparel retail and wholesale business…
China’s convenience stores to sell insurance
Tweet China’s grocery sector is following the path set years earlier in Europe by selling financial services at the supermarket checkout. Shoppers in Shanghai branches of Alldays and Kedi convenience…
Hero looks to be saviour of Chinese infant formula market
Tweet Hero Group, a Swiss food company, has announced its entry into the Chinese infant formula market. Hero will introduce its Hero Nutradefense brand of dairy products into China in…
Tesco pumps capital into Thailand and opens online store
Tweet Tesco Lotus, the Thai operation of the global supermarket giant Tesco, will launch an online store and open 300 physical stores in 2012. John Christie, the new CEO of…
Amazon plays catch-up with tablets in China
Tweet Amazon appears to be preparing to launch its Kindle tablet into the Chinese market just a day after Apple revealed that its iPad and iPhone sales in China were…
India puts the fizz in Coca Cola
Tweet India has been the driving force behind Coca-Cola’s global sales in the last financial quarter, with sales across all brands growing by 20%. China also put the fizz into…
Cheers! Its Carlsberg’s Tuborg for Chinese beer drinkers
Tweet Carlsberg, the Danish beer maker said on Wednesday that it has launched its Tuborg beer in China, a move that is aimed at boosting the brand’s international profile. Earlier…
Sands Cotai Central is Macau’s new kid on the block
Tweet Macau’s booming gaming industry got a shot in the arm on Wednesday after Las Vegas Sands Corp. opened its fourth casino there. Named the Sands Cotai Central, the USD…
Starbucks thriving in China’s smaller cities
Tweet Starbucks is planning to push to 1,500 stores across 70 cities in China after experiencing great success in its trial stores in the country’s smaller cities. The coffee company…
Chinese appetite for imported wine soars
Tweet Figures released at the first China Worldwide Wine Summit Forum on Tuesday show that the south Asia nation’s imports of bottled wine clocked a record USD 1.27 billi last…
