Retail News CRM

Author: Mei Ling Tan

Pull&Bear Bids Farewell to Singapore: Iconic Spanish Retailer Closes Final Store

Pull&Bear, a renowned Spanish fashion label, has decided to withdraw its presence from Singapore following the closure of its remaining outlet at VivoCity Mall. The final day the store was open for business was February 22, 2026, as indicated by an announcement on the brand’s official website. Unfortunately, the company did not reveal the rationale behind the decision.

Despite the closure, the fashion retailer has assured that customers are still able to return purchased items at the closed outlet. It encourages those who have recently made purchases to inspect their receipts to understand the return timeframe.

Pull&Bear first launched in Singapore in 2006 with a prominent flagship store inaugurated at VivoCity. At the height of its operations, the brand had four operational outlets in the country.

Pull&Bear is one of the principal brands under the umbrella of Spanish fashion conglomerate Inditex, which also owns other popular brands including Zara, Bershka, Massimo Dutti, and Stradivarius.

The exit of Pull&Bear from Singapore is part of a larger global strategy of the parent company that involved the closure of over 100 outlets in the previous year. Furthermore, two other Inditex brands, Stradivarius and Bershka, have also confirmed the closure of their respective outlets in Singapore.

Questions & Answers

When did Pull&Bear close its last store in Singapore?
The last Pull&Bear store in Singapore closed on February 22, 2026.

Why did Pull&Bear decide to exit Singapore?
The company did not provide specific reasons for the closure of its Singapore outlet.

Are other Spanish fashion brands also closing outlets in Singapore?
Yes, Stradivarius and Bershka, two other brands owned by Inditex, the parent company of Pull&Bear, have also closed their outlets in Singapore.

February 23, 2026
Retail Giant AS Watson Eyes Major Move into Australian Market with Potential $500M Pharmacy Acquisition

AS Watson, a Hong Kong-based health and beauty retailer, is potentially planning a move into the Australian market. The company is believed to be considering an acquisition of over 90 pharmacies in Australia.

Expansion into Australia

The company’s interest is reportedly focused on 92 Priceline pharmacies, previously under the operation of Infinity Pharmacy Group. This move will represent AS Watson’s debut into the Australian market. The company is said to be planning a comprehensive review of these pharmacies, which indicates serious intent towards the acquisition.

It is suggested that executives from AS Watson had visited Australia several years prior and had discussions with the founding partner of Infinity. These visits may well have laid the groundwork for the current acquisition proposal. However, a spokesperson for the group declined to provide any comment on these market speculations.

The Players Involved

AS Watson is a part of CK Hutchison Holdings – a major commercial conglomerate based in Hong Kong. On the other side of the equation, the Priceline brand is owned by Australian conglomerate, Wesfarmers, while Infinity Pharmacy Group functions as a franchisee of the chain.

In a recent development, Wesfarmers placed approximately half of Infinity’s stores into receivership, following a period of enduring financial difficulties. These financial struggles have led to the sale of the 92 Priceline stores, managed by Infinity’s administrator, Teneo.

The Sale Process

Teneo, responsible for the administration of the sale process, is said to be seeking a minimum sale price of AU$500 million for these 92 Priceline stores.

Questions & Answers

What is the significance of this potential acquisition by AS Watson?
The acquisition could mark AS Watson’s entry into the Australian market, expanding its global footprint.

Who currently owns the Priceline brand and the affected pharmacies?
The Priceline brand is owned by Wesfarmers, an Australian conglomerate. The affected pharmacies were previously operated by Infinity Pharmacy Group, a franchisee of the chain.

What is the expected price for the sale of these 92 Priceline stores?
The administrator overseeing the sale, Teneo, is reportedly seeking a minimum price of AU$500 million for the stores.

February 23, 2026
Coty Unveils AI-Enhanced Fragrance Concept Store in Hong Kong: A New Chapter in Perfume Retail Experience

Coty, a leading global fragrance corporation, has inaugurated a unique retail concept store located in Mong Kok, Hong Kong. This revolutionary store, known as My Scent Edit, is situated within Langham Beauty. It is a multi-brand store, providing an immersive and interactive experience for its customers.

Interactive Experiences and AI Incorporation

My Scent Edit goes beyond the conventional shopping experience by incorporating various advanced technologies. It provides AI-powered digital consultations to assist customers in selecting the right products. The store also features trial zones where customers can sample various products before making a purchase. Adding to the interactive experience, the store includes an innovative AI photo booth.

Coty has integrated AI technology into its operations following its collaboration announcement with an AI company. This partnership promised to enhance Coty’s business operations by expanding the utilization of the AI model, ChatGPT Enterprise. The company stated that its employees would have access to AI’s most robust models. This would aid their daily tasks and foster cross-functional collaboration.

Coty underscores that human expertise remains at the core of its approach, but believes AI is a vital tool to stimulate efficiency. The company sees AI as a tool that complements and boosts the creativity and strategic thinking that uniquely defines its brands.

Coty’s Hong Kong Presence

In addition to the My Scent Edit store, Coty has also established another multi-brand concept, Citi Scent, located in Tsim Sha Tsui, Hong Kong.

Moreover, Coty’s products are widely available through various distribution channels. These include department stores such as Lane Crawford and Sogo, and retailer partners like Sephora Hong Kong, Sasa, Mannings, and Watsons.

Questions & Answers

What is the new AI functionality in Coty’s My Scent Edit store?
The store provides AI-powered digital consultations, trial zones, and an AI photo booth.

What is Coty’s view on the role of AI in its operations?
Coty maintains that human expertise is still fundamental, but believes that AI serves as an efficiency enhancer for creativity and strategic thinking.

Where else is Coty’s presence notable in Hong Kong?
Coty has a significant presence in Hong Kong with another multi-brand concept store, Citi Scent, in Tsim Sha Tsui, and broad product distribution through various department stores and retailer partners.

February 23, 2026
How Do I Buy Prescription Glasses for Driving?
Why Clear Vision Is Crucial for Driving

Keeping Your Vision Prescription up to Date

Choosing the Right Lenses for Driving

Finding the Perfect Frames for Driving Comfort and Safety

Getting Your Prescription Driving Glasses Quickly With Eyemart Express

Frequently Asked Questions (FAQs)

Road safety is nonnegotiable, and relying on prescription glasses for clear vision means ensuring you and other drivers are safe while commuting. Whether you’re new to eyewear or are seeking better options for driving, following this guide can help you make the right choice. Noting the key factors mentioned enables you to make informed decisions about standout driving prescription eyewear.

Why Clear Vision Is Crucial for Driving

Clear vision behind the wheel allows you to judge distance, speed, and the movements of other vehicles and pedestrians. While states differ in their laws, most require drivers to meet vision standards, typically at least 20/40 acuity in one eye, to drive without glasses. You’ll need to wear your prescription glasses when taking your driver’s license test.

Poor vision can lead to accidents, so prioritizing eye care with regular testing will enhance your driving experience and keep the roads safer for everyone.

Keeping Your Vision Prescription up to Date

The foundation for reliable driving glasses is a current prescription from a qualified optometrist. Your prescription will include some critical numbers that indicate your vision requirements. For instance, the SPH (sphere) reading represents the lens power needed to correct nearsightedness or farsightedness, while the CYL (cylinder) figure indicates the required astigmatism correction. Additionally, the AXIS value suggests the orientation of astigmatism.

While many eyewear retailers don’t conduct exams on-site, many top ones often partner with local optometrists to simplify the process for customers. This collaboration makes it easier to obtain up-to-date prescriptions, ensuring the glasses you choose provide optimal correction for safe driving. Keeping your prescription current enhances your vision and also significantly contributes to your overall safety while on the road.

Choosing the Right Lenses for Driving

Choosing the right lenses for driving can enhance visual clarity and comfort on the road. Besides your prescription itself, selecting appropriate lens options can significantly improve visibility and reduce common driving hazards, making your time behind the wheel safer and more enjoyable.

Anti-Reflective (AR) Coatings for Glare Reduction

Anti-reflective (AR) coatings minimize glare from headlights, streetlights and the sun’s rays. This is particularly beneficial for driving at night, when bright lights create distractions or hazards. Opting for AR-coated lenses ensures clearer vision, helping you stay focused on the road. Top retail eyewear outlets will provide expert support in selecting the right coatings tailored to your needs, improving your confidence behind the wheel.

Polarized Lenses for Daytime Driving

Polarized lenses are specifically designed for daytime driving, cutting glare from other vehicles and reflective surfaces, such as wet roads. They filter light, enhance contrast and improve vision clarity, which is ideal for bright, sunny days. They also reduce eye strain by providing 100% UVA/UVB protection outdoors.

Light-Responsive (Photochromic) Lenses

Photochromic lenses are light-responsive, offering 100% UV protection and adjusting tints according to lighting conditions. However, while they’re highly effective against the sun outdoors, many of these lenses don’t darken effectively inside a car because windshields can block the UV light. You should consider this limitation and speak to your provider about alternatives to ensure optimal visibility while driving.

Finding the Perfect Frames for Driving Comfort and Safety

Choosing the right frames is as important as having the best lenses. They can enhance your driving experience by maintaining clear vision and minimizing distractions. Here are some key considerations:
- Thin temples: Opt for frames with thin temples to maximize unobstructed peripheral vision, which helps with safe lane changing and merging into traffic.
- Lightweight materials: Choose a lightweight frame to reduce pressure on your ears and nose, ensuring additional comfort, particularly on long drives.
- Proper fit: Your glasses shouldn’t slip or slide on your face while driving. A secure fit will keep you focused on the road rather than create distractions by requiring constant eyewear adjustments.
The ideal eyewear retailer should offer a wide selection of frames that cater to any style and budget. That way, you can find designer glasses at your price point that seamlessly combine your driving safety and fashion sense.

Getting Your Prescription Driving Glasses Quickly With Eyemart Express

Eyemart Express is a leading optical retailer known for its commitment to providing new, quality eyewear before your coffee gets cold. When life happens, the company is there to help, with a goal of emphasizing speed without sacrificing attentive customer service. Eyemart Express provides expert support and a wide range of options that meet diverse customer needs.

When you need new glasses for driving, Eyemart Express makes the process incredibly straightforward. Simply bring in your current prescription, and its knowledgeable staff will assist you in selecting the perfect frames and lenses for your safety and comfort. Whether you’re looking for lightweight designs or thin-templed options that enhance peripheral vision, this provider’s got you covered.

If you need a new prescription, Eyemart Express can help you schedule an appointment with a partnering eyewear specialist or you can book one through its website. What truly sets the retailer apart is its in-store labs, which let you get your new glasses in a moment. Most orders are ready in no time, allowing you to hit the road with confidence and clarity.

With its focus on designer glasses at prices that fit your wallet, you don’t have to compromise on style or functionality. Eyemart Express ensures you leave with the best eyewear solution, making your time on the road safer and more enjoyable.

Frequently Asked Questions (FAQs)

Consider these common questions when looking for a new pair of glasses.

Can I Use My Everyday Glasses for Driving?

Yes, you can, provided they correct your distance vision to meet the legal standards. If your current glasses are only for reading, computer work or other close-up tasks, they are likely not suitable and can be dangerous to drive with. If you need glasses while driving, contacting an optometrist or a top retailer to arrange a new prescription and upgraded eyewear is essential.

Do “Night Driving Glasses” With Yellow Lenses Improve Safety?

The American Academy of Ophthalmology found that yellow-lensed glasses do not improve driving safety at night. A better option is to use clear, prescription lenses with AR coatings to reduce glare without blocking light.

How Often Should I Get My Eyes Checked for a Driving Prescription?

For most drivers who wear glasses or contacts, eye professionals recommend a biennial exam to check a driving prescription. However, this frequency may vary based on age and specific health conditions. An annual checkup is more advisable when you turn 65.

Drive With Confidence in Your New Glasses

Purchasing the right prescription glasses for driving is not difficult. By focusing on quality brands and key features like lens coatings and your frame fit, you can make informed choices that improve your experience. Consulting professionals, such as those at Eyemart Express, can provide insights to help you find the perfect eyewear. That way, you’ll improve your vision and ensure a safer journey on the road.
February 23, 2026
Bode Makes a Bold Entry into Asia with Novel Tokyo Flagship Store

Bode, the New York-based brand, has inaugurated its first independent store in Tokyo, marking a definitive retail existence in Asia and continuing its worldwide growth.

Store Location and Strategy

The store has been strategically established in Yoyogi-Uehara, a residential locale renowned for its boutique shops and specialty coffee houses. Choosing to set up shop outside of the city’s known luxury retail districts indicates a targeted emphasis on fostering community ties and neighborhood ethos, as opposed to relying on the conventional high-end retail traffic.

Bode was initiated in 2016 by Emily Adams Bode Aujla and has since been celebrated for its collections that draw inspiration from history and are crafted using antique and vintage fabrics.

A Collaborative Interior Design

The Tokyo store was designed in collaboration with the Los Angeles-based Green River Project studio. The design elements of the store include bespoke woodwork, classic furnishings, and details reminiscent of a residential setting, all aimed at generating a homely ambiance that reflects the brand’s narrative-centric approach.

Store Offerings and Cultural Significance

The store showcases the complete range of Bode’s men’s and women’s ready-to-wear collections, in addition to pieces exclusive to Japan. The company aims for the store to serve more than just a point of sale, envisioning it as a cultural pivot that encourages a deeper connection with its local clientele.

Questions & Answers

What is the location of Bode’s new store in Tokyo?
The new store is located in Yoyogi-Uehara, a residential district known for independent boutiques and specialty cafes.

What makes Bode’s collections unique?
Bode’s collections are unique for their historical influence and their use of antique and vintage textiles.

What is the purpose of the new store beyond serving as a point of sale?
The store is designed to be a cultural touchpoint that helps to foster a deeper engagement with its local customer base.

February 20, 2026
Hong Kong Luxury Real Estate Shuffle: Prince Jewellery Director Trades up with $6.4M Duplex Purchase

Tang Yick-ki, a director of Prince Jewellery and Sky Regal Properties, has recently engaged in significant real estate transactions in Hong Kong. He sold an apartment in Kowloon and obtained a two-story home in the vicinity for HKD50 million (US$6.4 million). These deals were completed in just over a month.

Real Estate Transactions

Tang sold his three-bedroom apartment, boasting 95 square meters of living space, located on the 71st floor of The Cullinan on Austin Road West in West Kowloon. The selling price was HKD46 million (US$5.9 million). Land Registry records confirmed the deal was finalized on January 5. Tang originally bought the apartment in 2016 for HKD32.5 million, meaning the property has increased in value by 41% in the intervening years.

Roughly three weeks after this sale, Sky Regal Properties, where Tang serves as the sole director, purchased a duplex in The Waterfront, a residence within the same vicinity. According to the Land Registry, the transaction was completed last week for a cost of HKD50 million. Real estate agents specified that the duplex is 145 square meters and situated on the 45th floor.

Prince Jewellery and the Hong Kong Property Market

Prince Jewellery, with a 40-year history in Hong Kong, operates 16 retail stores and hosts over 60 globally recognized brands. The company’s recent real estate transactions come at a time when the Hong Kong property sector is gradually recovering from a prolonged slump. Despite persisting uncertainties, affluent homeowners like Tang are anticipated to continue seeking home upgrades.

Some industry experts indicate that wealthier residents may choose to improve their current residences. However, this trend might not extend to those who invest in properties purely for financial gain. Additionally, home upgrades tend to become more popular during periods of market instability.

Land Registry records also showed that another duplex in The Waterfront was sold for HKD50 million last week. The property was acquired by an entity known as Tung Tak, which had purchased it for HKD48.8 million in 2023.

Questions & Answers

What recent real estate transactions has Tang Yick-ki engaged in?
Tang Yick-ki, a director of Prince Jewellery and Sky Regal Properties, has recently sold an apartment in Kowloon and bought a two-story residence nearby for HKD50 million.

How is the Hong Kong property sector performing currently?
The Hong Kong property sector is gradually emerging from a prolonged downturn. Despite ongoing uncertainties, affluent property owners are expected to pursue property upgrades.

What is the trend concerning home upgrades in Hong Kong?
Home upgrades tend to become more popular during periods of market instability. However, this trend might not apply to those who acquire property solely for investment purposes.

February 20, 2026
Jago Coffee Brews up $12.5M in Series B Funding for Nationwide Mobile Expansion

Jago Coffee, an Indonesian-based mobile coffee startup, recently secured a significant financial boost of US$12.5 million in a Series B funding round. This recent round of funding will enable the company to progress with its expansion plans. The focus is on increasing its fully electric coffee cart network and bolstering its proprietary technology platform across Indonesia.

Investment Details

The Series B round received significant support from a trio of investors, namely Beenext, Intudo Ventures, and Orzon Ventures. This follows a Series A round, which saw Jago Coffee secure US$6 million in funding in 2024.

Jago Coffee’s Business Model

Founded in Jakarta, Jago Coffee operates an extensive network of fully electric carts. These mobile units serve fresh, cafe-quality beverages in various settings, from residential neighbourhoods to commercial districts and transit hubs.

The coffee startup’s strategy is to offer high-quality beverages at competitive prices, targeting a mass-market consumer base. The company’s innovative service model eliminates the overhead costs associated with traditional brick-and-mortar storefronts. It prioritizes convenience and accessibility while maintaining cost efficiency.

Customers have two options to order from Jago Coffee. They can either purchase directly from the mobile carts or use the company’s dedicated app. The app allows customers to request the nearest barista to be dispatched directly to their location.

Questions & Answers

What is the business model of Jago Coffee?
Jago Coffee operates a fleet of fully electric coffee carts that serve fresh beverages in various locations. The company targets mass-market consumers with cafe-quality drinks at affordable prices. It emphasizes convenience, accessibility, and cost efficiency by eliminating the need for physical storefronts.

Who led the recent funding round for Jago Coffee?
The latest funding round, Series B, was led by Beenext, with participation from Intudo Ventures and Orzon Ventures.

How do customers order from Jago Coffee?
Customers have two options for ordering from Jago Coffee. They can either order directly from the roaming coffee carts or use the company’s dedicated app to have the nearest barista delivered to their location.

February 20, 2026
Vietnam Airlines and Sun PhuQuoc Airways Ink Historic $30B Deal for 90 Boeing Aircraft

Vietnam Airlines and Sun PhuQuoc Airways have entered into a significant agreement to acquire a total of 90 Boeing aircraft in a deal estimated to be worth over US$30 billion. The high-profile contract signing event was held in Washington, D.C., with the participation of Vietnam’s Party General Secretary To Lam and his official delegation.

Purchases by Vietnam Airlines

Vietnam Airlines aims to enrich its fleet with the addition of 50 Boeing 737-8 planes, a purchase valued at $8.1 billion. The carrier has planned the procurement timeline between 2030 and 2032. The airline’s strategic intent behind this acquisition is to leverage the new aircraft on its domestic routes as well as for reaching various destinations across Asia.

Boeing’s best-selling aircraft, the 737-8, comes with a seating capacity of up to 200 passengers and a flight range of 6,570 km. This makes it an ideal choice for the airline’s regional and medium-haul routes.

Purchases by Sun PhuQuoc Airways

Sun PhuQuoc Airways, on the other hand, plans to invest $22.5 billion in purchasing 40 Boeing 787-9 Dreamliner aircraft. The 787-9 is a long-haul, wide-body aircraft with a flight range exceeding 14,000 km and the capability to seat 290 passengers.

At present, Vietnam Airlines is the sole operator in the country of wide-body aircraft. Sun PhuQuoc Airways, having started its operations in the last quarter of 2025, has received its eighth narrow-body aircraft recently and is poised to acquire two more Airbus planes by the end of this month.

The country’s largest private airline, Vietjet Air, also secured strategic partnerships during this event. These partnerships involve deals worth more than $6.3 billion with leading U.S. financial institutions and corporations.

Questions & Answers

What is the value of the Boeing aircraft purchase agreement between Vietnam Airlines and Sun PhuQuoc Airways?

The total value of the agreement is estimated at over US$30 billion.

How many aircraft does Vietnam Airlines plan to buy and for what purpose?

Vietnam Airlines plans to buy 50 Boeing 737-8 planes, costing $8.1 billion, to operate on domestic and Asian routes.

What type of aircraft does Sun PhuQuoc Airways intend to acquire?

Sun PhuQuoc Airways intends to purchase 40 Boeing 787-9 Dreamliner aircraft, which are long-haul, wide-body planes.

February 20, 2026
Heytea Unveils First Experimental ‘Lab’ Store in Canada at Toronto Eaton Centre

Heytea, a renowned Chinese tea chain, has recently expanded its global presence by launching its pioneering ‘Lab’ store in Canada, situated in the bustling downtown Toronto Eaton Centre. This addition to the Toronto cityscape represents a significant milestone in the expansion of the bubble tea market segment.

Encompassing an area of 1800 square feet, the ‘Lab’ store, strategically located on the mall’s main level, is a deviation from Heytea’s conventional store design. The ‘Lab’ concept focuses on offering a range of limited-edition and innovative products instead of a standard fixed menu.

This unique Toronto location features an exclusive selection of eight beverages, only available at this site. Many of these drinks are centred around a ‘Rock Oolong’ tea base, which Heytea leverages to enhance the appeal of its premium-priced and specialty products.

Furthermore, the ‘Lab’ store’s menu also showcases collaborative creations developed with esteemed Toronto chef, Susur Lee. These innovative offerings incorporate high-end ingredients, including caviar, into select beverages and desserts.

Heytea launched its initial foray into Canada in 2023 when it opened its first store in Vancouver. Since then, the company has continued to grow its Canadian presence, now boasting six stores across Vancouver and Toronto. The opening of the Toronto Eaton Centre location further solidifies its foothold in the country.

Established in 2012, Heytea has established a significant global presence, operating approximately 4000 stores in over 330 cities worldwide. This includes more than 100 locations spread across Hong Kong, Macau, and various international markets, with over 45 stores in North America alone.

Questions & Answers

What is unique about Heytea’s ‘Lab’ store in Toronto Eaton Centre?
The ‘Lab’ store deviates from Heytea’s typical store format, focusing on offering customers limited-edition and innovative products rather than a standard fixed menu.

What specific beverages are available only at the Toronto ‘Lab’ location?
The Toronto ‘Lab’ store offers an exclusive selection of eight drinks, many of which are centred around a ‘Rock Oolong’ tea base.

What collaborative creations are included in the menu of Heytea’s ‘Lab’ store?
The ‘Lab’ store’s menu features collaborative creations developed with renowned Toronto chef, Susur Lee. These unique offerings incorporate high-end ingredients like caviar into select beverages and desserts.

February 19, 2026
Lawson’s Bold Expansion: 10,000 Stores Unveiled for India by 2050

Lawson, a convenience store chain co-owned by Mitsubishi Corp and KDDI, has announced its ambitious expansion plan into India. The company aims to establish a network of 10,000 stores across the country by 2050. This strategic shift towards India is driven by the saturation of Lawson’s domestic market and the desire for additional growth avenues.

Initial Steps in India

Lawson plans to establish its presence in India by initially launching five directly operated stores in Mumbai in the coming year. This is set to be followed by a more extensive roll-out through franchise and licensing agreements. With a goal of 100 stores by 2030, Lawson is keen to position India as a major contributor to its earnings, similar to its operations in China.

Subsidiary Establishment and Product Localization

To manage the site selection, supply chain development, and merchandising for its India operations, Lawson intends to set up a wholly-owned subsidiary in India this year. The company will outsource production and distribution to local partners in a bid to streamline operations.

In response to local consumer preferences, Lawson will offer a specially curated product range. The retailer plans to accommodate dietary and religious practices with an expanded selection of meat-free and egg-free products. The stores will feature Lawson’s signature Japanese convenience items like onigiri rice balls and ready meals, along with locally popular items such as freshly brewed coffee and hot dishes.

Global Expansion Plan

Currently, Lawson operates over 7,000 stores in five countries including China, the Philippines, Thailand, and Indonesia. The company is set on doubling its international footprint to around 14,000 stores by as early as 2030.

Entering the Indian market is a natural progression after Lawson’s efforts to speed up its expansion in Southeast Asia last year. This included signing franchise agreements with local retail partners and increasing the number of directly managed stores.

Questions & Answers

What is Lawson’s expansion plan in India?
Lawson aims to establish a 10,000-store network across India by 2050, with the first five outlets launching in Mumbai in the coming year.

How will Lawson cater to the Indian market?
Lawson plans to tailor its product range to local tastes, offering an expanded selection of meat-free and egg-free products in line with dietary and religious practices.

What is Lawson’s global expansion strategy?
Lawson is planning to double its number of overseas stores to around 14,000 by 2030. This includes its recent expansion into Southeast Asia and the upcoming foray into the Indian market.

February 19, 2026
Jollibee Amplifies Asian Footprint with Hot Pot Acquisition and Compose Coffee Expansion

Jollibee Foods Corporation (JFC) is accelerating its expansion across Asia with the purchase of a South Korean hot pot buffet chain and the impending introduction of a rapidly expanding Korean coffee brand into the Philippines.

Acquisition of Shabu All Day

JFC has secured a 70% majority stake in All Day Fresh Co, the company that operates Shabu All Day, through its subsidiary Jolli-K Co. Shabu All Day, established in 2014, has since blossomed into a chain of 169 stores throughout South Korea, acquired for an approximate total of $87 million.

Growth in Beverage and Dining Segments

Already part of JFC’s Korean platform is the coffee chain Compose Coffee. This diversifies the corporation’s portfolio, enabling it to have a presence in both beverage-led and full-service dining sectors.

Introduction of Compose Coffee to the Philippines

JFC is set to bring Compose Coffee to Philippine consumers under a master franchise agreement via its subsidiary Fresh N’ Famous Foods. Initial stores are expected to commence operations later in the year. Compose Coffee, founded in Busan in 2014, has undergone rapid growth to almost 3000 stores, establishing itself as one of Korea’s top value-oriented coffee chains. In 2024, JFC obtained a 70% stake in the coffee chain. This move is part of JFC’s ongoing efforts to make inroads into the rapidly growing coffee and tea segment, where it already operates brands such as Highlands Coffee, The Coffee Bean & Tea Leaf, and Milksha.

Company Growth Amid Record Sales

JFC has reported record preliminary systemwide sales of ₱122.3 billion (approximately $2.1 billion) in the fourth quarter of 2025, a 12% year-on-year increase. Throughout the year, the company’s total network of stores grew by 5.9% to 10,341 outlets, the highest number of new store openings in JFC’s history. This includes 3504 stores in the Philippines and 6837 international locations, demonstrating ongoing expansion in key markets.

Globally, JFC operates 576 stores in China, 348 in North America, and 437 across Europe, the Middle East, Asia, and Australia. The company’s portfolio includes 985 Highlands Coffee outlets, 1079 The Coffee Bean & Tea Leaf stores, 357 Milksha locations, 2972 Compose Coffee stores, and 83 Tim Ho Wan branches.

Questions & Answers

What is JFC’s strategy for expansion in Asia?
JFC is expanding its presence in Asia through acquisitions, such as the recent purchase of the South Korean hot pot buffet chain Shabu All Day, and launching new brands, like the upcoming introduction of Compose Coffee in the Philippines.

What are some notable brands under JFC?
JFC operates several well-known brands, including Highlands Coffee, The Coffee Bean & Tea Leaf, Milksha, Compose Coffee, and Tim Ho Wan.

What has been the growth of JFC in recent years?
JFC has experienced significant growth, with record systemwide sales in the fourth quarter of 2025 and a 5.9% increase in its total store network. This growth is reflected in its ongoing expansion in both domestic and international markets.

February 19, 2026
UBS China Joint Venture Faces Backlash Over Unexpected Benchmark Switch in Silver Fund

A silver fund run by UBS’s Chinese partner has drawn a wave of complaints from investors. The grievances have been sparked by a decision to change benchmarks, a move that has reportedly resulted in greater losses than investors had anticipated.

Over 200,000 individuals have raised concerns against UBS’s domestic Chinese partnership with the state-controlled SDIC Group. The objections are primarily focused on UBS SDIC Fund Management’s decision to alter the valuation mark for the UBS SDIC Silver Futures Fund LOF. The company shifted from Shanghai Futures Exchange settlement prices to international market prices without giving investors prior notice. It is thought that this change transformed losses from an expected cap of 17 percent, due to a daily price limit, to over 31 percent.

This alteration took place during a significant collapse in silver prices on January 30, which saw the value of the precious metal plummet by over 30 percent. In response to this situation, the company formed a task force and subsequently announced a compensation plan for investors who redeemed their investments on February 2.

Questions & Answers

What caused the wave of complaints against UBS’s Chinese partner?
Investors were unhappy with UBS SDIC Fund Management’s decision to switch the valuation mark for the UBS SDIC Silver Futures Fund LOF from Shanghai Futures Exchange settlement prices to international market prices without any prior notice.

What was the impact of the benchmark switch on investors?
The change is believed to have amplified losses from an anticipated cap of 17 percent due to a daily price limit, to an actual loss of over 31 percent.

What measures did the company take in response to the silver price crash?
In response to the silver price crash and the resulting investor complaints, the company formed a task force and announced a compensation plan for investors who redeemed their investments on February 2.

February 19, 2026
Embrace the 2026 Lunar New Year of the Fire Horse: Prosperity, Health and Retail Industry Updates Await!

The team at Retail News would like to convey our warmest regards to our readers during the 2026 Lunar New Year, the year of the Fire Horse. We extend our heartfelt wishes to you and your loved ones for a year filled with robust health and bountiful prosperity.

Our team will return on Thursday, 19th February, ready to provide you with more insightful industry developments, exclusive feature stories, authoritative opinions, and the most recent news and updates from the financial industry.

We hope that you enjoy the festive season and all the joy and good fortune it brings. Here’s wishing you a spirited Kung Hei Fat Choi!

February 18, 2026
WhatsApp’s Major Redesign: Status Updates to Take Centre Stage in Latest Android Beta

As social media evolves, two prominent trends have emerged: the prevalence of private chats and the popularity of temporary “stories,” which allow users to share snippets of their lives without leaving a permanent digital footprint. This shift towards more intimate and transient forms of communication is evident in the recent changes that WhatsApp is implementing.

WhatsApp’s Interface Revamp

WhatsApp, a widely-used messaging platform, is piloting an updated design that prioritizes status updates, or “stories.” The latest beta version of the Android app showcases a new approach to these status updates. The most recent updates from a user’s contacts now appear at the top of the Chats tab, presented alongside the profile pictures of those who have posted them.

The stories that populate the top of the Chats tab reflect the user’s most frequent interactions. In other words, the status updates of those contacts the user frequently communicates with and who have shared a status update will be prominently displayed. However, the traditional Updates tab, typically found at the bottom of the screen, remains intact. This suggests that WhatsApp may not be planning to discard it entirely, although as this is an early beta version of the feature, the final outcome could potentially differ.

The new design maintains one key feature from its predecessor: the ability to mute status updates. If a user has muted updates from a specific contact in the Updates tab, these updates will not appear in the new top bar. As of now, this redesign has been seen only in the Android beta version, and it is not yet clear whether it will be rolled out to iOS platforms.

Transitioning towards a Social Media Platform

While WhatsApp initially positioned itself as a simple chat service, it is rapidly expanding its offerings and pushing into the realm of social media with this new feature. Regardless of the fact that there are currently no banner ads within the app, WhatsApp’s parent company, Meta, could potentially generate revenue by users swiping through these stories, paralleling strategies employed by its other applications.

Questions & Answers

What significant change is WhatsApp experimenting with?
WhatsApp is testing a new interface that prioritizes status updates, or “stories,” from users’ most frequently interacted contacts at the top of the Chats tab.

Will the traditional Updates tab be removed with the new design?
At this stage, the Updates tab appears to be preserved in the new design. However, as this is an early beta version of the feature, the final version could potentially differ.

Could this change allow WhatsApp’s parent company, Meta, to generate revenue?
While WhatsApp currently does not host banner ads, Meta could potentially monetize users’ interactions with their friends’ stories, in a manner similar to its other applications.

February 18, 2026
Jollibee Foods Sizzles up Asian Market with Korean Hot Pot Acquisition and Compose Coffee Expansion

Jollibee Foods Corporation (JFC), a dominant player in the food service industry, is poised to strengthen its position in Asia through the acquisition of a South Korean hot pot buffet brand, Shabu All Day, and the anticipated introduction of a rapidly-growing Korean coffee brand, Compose Coffee, into the Philippines.

Amplifying Asian Presence

Jolli-K Co, a subsidiary of JFC, has acquired All Day Fresh Co, the company behind the operation of Shabu All Day, in a deal worth approximately US$87 million. Shabu All Day, established in 2014, boasts 169 stores distributed across South Korea. In addition to this acquisition, JFC’s South Korean portfolio encompasses the coffee chain, Compose Coffee, ensuring the company has a diverse presence across both full-service dining and beverage-led segments.

Introducing Compose Coffee to the Philippines

In a synergistic move, JFC is set to bring the Korean coffee brand, Compose Coffee, to the Filipino market. This will be achieved through a master franchise agreement facilitated by its subsidiary, Fresh N’ Famous Foods. The first Compose Coffee stores are projected to open in the Philippines later this year.

Established in 2014 in Busan, Compose Coffee has witnessed prolific growth, with around 3000 stores in operation. This growth has positioned it as one of South Korea’s most significant value-driven coffee chains. JFC acquired a 70 per cent stake in Compose Coffee in 2024. This expansion into the Philippines is a testament to JFC’s ongoing commitment to the flourishing coffee and tea sector, where it already operates various brands, including Highlands Coffee, The Coffee Bean & Tea Leaf, and Milksha.

Unprecedented Network Growth

These growth strategies were announced against a backdrop of record sales for JFC in the preliminary fourth quarter of 2025. The food service giant reported systemwide sales of ₱122.3 billion (approximately US$2.1 billion), a 12 per cent increase year on year.

The company’s total store network for the full year expanded by 5.9 per cent to reach 10,341 outlets, the highest level of gross store openings in the company’s history. This network comprises 3504 stores in the Philippines and 6837 international stores, demonstrating JFC’s consistent expansion across key markets. JFC operates 576 stores in China, 348 in North America, and 437 across Europe, Middle East, Asia, and Australia. The growth is largely driven by its diverse portfolio of brands, including Highlands Coffee, The Coffee Bean & Tea Leaf, Milksha, Compose Coffee, and Tim Ho Wan.

Questions & Answers

What is Jollibee Foods Corporation’s latest acquisition?
Jollibee Foods Corporation has recently acquired Shabu All Day, a South Korean hot pot buffet chain, through its subsidiary, Jolli-K Co.

What new brand is JFC introducing to the Philippines?
JFC is set to introduce Compose Coffee, a popular and rapidly-growing South Korean coffee brand, to the Philippines.

What was JFC’s growth rate for their total store network in the last fiscal year?
JFC’s total store network grew by 5.9 per cent during the last fiscal year, reaching a total of 10,341 outlets.

February 18, 2026