Retail news from Asiafruit – Page 44
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Alibaba lands blockbuster IPO
China’s internet giant has recorded the largest initial public offering debut in the US, raking in US$25bn
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Walmart China boosts food safety
Walmart China has announced new measures to increase food safety following recent food scandals
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Capespan invests in Far East distributor
South African marketer takes 25 per cent stake in Good View Group to boost presence in Hong Kong and Macau
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Spar opens in Indonesia
Dutch retailer Spar International to partner with Ramanaya to open 30 stores across Indonesia
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Walmart expands Indian operations
Retail giant buys three stores from key rival as part of its expansion in the Indian sub-continent
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DOLE-ivered from phone to couch
Dole Asia has launched an app in Thailand allowing customers to order fresh fruit from their mobiles
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Sheng Siong to open stores in China
Singapore retailer Sheng Siong and Kunming LuChen Group propose joint venture to open supermarkets in China
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China Fruits to invest in e-commerce
China Fruits has posted a 562 per cent increase in revenue in the first six months of 2014 and announced a $160,000 investment in e-commerce
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Spar plans Indian expansion
Spar International has announced a partnership with Max Hypermarkets to operate 30 stores in India by 2019
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Dairy Farm to buy stake in Yonghui
Hong Kong's Dairy Farm is to buy a 19.99 per cent stake in Chinese retailer Yonghui
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Walmart China faces food safety investigation
Chinese authorities are investigating claims a Walmart store in Shenzhen has violated food safety regulations
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Metro sells Vietnam branch for $876m
German retailer Metro has sold its Vietnam cash-and-carry operations to Thailand’s Berli Jucker
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New Libya deal for UK banana brand
BanaBay to start supplying premium quality bananas to Tripoli-based Al Fakhira as it seeks to boost Middle East presence
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Dairy Farm reports sales rise
Hong Kong retail group Dairy Farm has announced a 5 per cent rise in sales to US$6.3bn in H1 of 2014
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CP All announces Siam Makro sale
Retail group confirms intention to offload part of its stake in wholesale cash-and-carry business
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Central finds new outlet for convenience
Thai retailer working with its new convenience store chain partner FamilyMart to develop a fresh produce offering for consumers on-the-go
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Lantao opens office in Qingdao
Premium fruit importer Lantao has opened its seventh office in China
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Lantao opens office in Qingdao
Premium fruit importer Lantao has opened its seventh office in China
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Itochu and CP Group sign alliance
Japan’s Itochu has signed a US$1bn strategic alliance agreement with Thai agriculture conglomerate CP Group
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JD.com launches online marketplace
China’s second largest e-retailer by market share, JD.com, has relaunched online marketplace Paipai