Retail News CRM

Author: Mei Ling Tan

  • Vietnam’s Durian Domination: Record-Breaking Exports Propel Agriculture to New Heights

    Vietnam’s Durian Domination: Record-Breaking Exports Propel Agriculture to New Heights

    In the first ten months of the current year, Vietnam experienced an unprecedented surge in durian exports, reaching a historic high of US$3.3 billion. This represents a 10.4% increase year-on-year. Vietnam Customs data shows that durian exports continue to play a dominant role in the nation’s agricultural export revenue.

    China: The Main Market for Vietnamese Durians

    A staggering 94% of all durian exports, equivalent to $3.14 billion, were shipped to China, marking a 14% increase year-on-year.

    Dang Phuc Nguyen, the General Secretary of the Vietnam Fruit and Vegetable Association, reported that Vietnamese durian exports have been experiencing robust growth despite stricter inspections by Chinese authorities for banned substances. This growth, he suggested, is attributed to the improved quality and competitive pricing of Vietnamese durians.

    On average, the export price for a ton of durian was $3,696, approximately 15% less than the price for Thai durians. This makes Vietnam the second largest durian exporter to China, following Thailand.

    Improvements and Investments in Quality Control

    In response to China’s tighter quality standards, many Vietnamese exporters have made considerable investments in cold storage and packaging facilities and have also taken steps to establish their own brands.

    The Ministry of Agriculture and Environment has responded by implementing a quality control process specifically for durian.

    Other Markets for Vietnamese Durians

    Apart from China, other markets have also demonstrated strong growth in their imports of Vietnamese durians. Hong Kong, for instance, increased its imports by nearly 89%, equating to over $45 million. Other countries including Papua New Guinea, Malaysia, Japan, and Canada have also notably increased their purchases of this fruit.

    Analysts’ Warnings

    Despite the remarkable figures, analysts have cautioned Vietnam against becoming too dependent on one single product like durian, which currently constitutes over half of its fruit and vegetable exports.

    In order to maintain growth and solidify its position in major markets, experts suggest that the nation’s agricultural sector diversify its products, enhance cold-chain systems, and implement stricter quarantine and storage quality standards.

    Nguyen remains optimistic about the future of durian exports, projecting that, given current growth trends and positive indications, they could reach a record-breaking $4 billion this year.

    Questions & Answers

    What was the value of Vietnam’s durian exports in the first ten months of this year?
    The value of Vietnam’s durian exports in the first ten months of this year was a historic US$3.3 billion.

    Who is the primary purchaser of Vietnamese durian?
    China is the primary purchaser of Vietnamese durian, accounting for 94% of all exports.

    What are analysts’ recommendations to sustain the growth of Vietnam’s agricultural sector?
    Analysts recommend that the agricultural sector diversify its products, improve its cold-chain systems, and enforce stricter quarantine and storage quality standards to sustain growth.

  • Coupang Executives Under Scrutiny for Stock Sales Post-Major Data Breach: A Potential Insider Trading Scandal?

    Coupang Executives Under Scrutiny for Stock Sales Post-Major Data Breach: A Potential Insider Trading Scandal?

    Concern is mounting over potential insider trading at Coupang, following the sale of company stock by two senior executives occurring after a massive data breach and before its public acknowledgment.

    Executives Sell Shares After Data Breach

    On November 10, Coupang’s Chief Financial Officer, Gaurav Anand, sold 75,350 shares at $29.0195 each, a transaction that reached approximately $2.19 million (around 3.2 billion won). Pranam Kholari, a former senior vice president with responsibilities for search and recommendations, also sold shares. On November 17, Kholari offloaded 27,388 shares for about $772,000 (1.13 billion won). Noteworthy to mention, Kholari resigned from his position just three days prior, on November 14.

    Interestingly, both transactions occurred after the unauthorized access to user accounts took place, but before the company went public with the extent of the breach. This timing has intensified scrutiny over the possibility of executives acting on nonpublic information.

    Massive Data Breach at Coupang

    Coupang, on November 29, announced that around 33.7 million customer accounts had been compromised in the data breach. The affected information included names, emails, phone numbers, addresses, and selected order details. Prior to this, on November 18, the company had reported a smaller breach affecting about 4,500 users.

    A report submitted to the Korea Internet & Security Agency reveals that Coupang detected the unauthorized access on November 6 at 6:38 p.m. However, the company did not identify the data breach until November 18, a 12-day delay that has invited questions from lawmakers and regulators.

    The timing of the stock sales and the subsequent delay in acknowledging the breach are expected to be a focal point of investigations into the data leak, which has been one of the largest in Korea’s e-commerce sector.

    Questions & Answers

    What are the implications of the stock sales by Coupang’s executives?
    The stock sales, given their timing, have raised concerns over potential insider trading, with both transactions occurring after the data breach but before its public acknowledgment.

    What information was compromised in the Coupang data breach?
    The compromised information includes customers’ names, emails, phone numbers, addresses, and selected order details, with approximately 33.7 million customer accounts affected.

    What prompted questions from lawmakers and regulators regarding the data breach?
    The company’s delay in identifying and disclosing the data breach, which was detected on November 6 but not formally acknowledged until November 18, has led to queries from regulatory bodies and lawmakers.

  • Versace Bids Farewell to Creative Chief Dario Vitale After Brief Tenure

    Versace Bids Farewell to Creative Chief Dario Vitale After Brief Tenure

    Dario Vitale, the creative director of Italian fashion giant Versace, is set to depart from his role after a brief tenure, the fashion label announced on Thursday.

    Departure Announcement

    Acknowledging Vitale’s contribution, Versace expressed their gratitude for his significant role in shaping the brand’s creative strategy during the transitional phase. The fashion house continued to wish Vitale every success in his future career endeavors.

    Vitale’s departure is scheduled for December 12, as disclosed in the official announcement by Versace. The statement also promised that the name of his successor would be unveiled in the coming times.

    Entry and Exit

    Before joining Versace, Vitale had been an established designer at Miu Miu. He assumed the role of Versace’s chief creative officer in April, stepping into the shoes of Donatella Versace following her impressive tenure of almost three decades.

    The announcement of Vitale’s departure came shortly after the news broke of Versace’s acquisition by Prada. The deal was settled at approximately 1.3 billion euros, resulting in Versace changing hands from Capri Holdings to Prada.

    Questions & Answers

    What role did Dario Vitale play at Versace?
    Dario Vitale was the creative director at Versace. He played a significant role in shaping the brand’s creative strategy during his brief tenure.

    When is Vitale scheduled to leave Versace?
    Vitale is scheduled to depart from Versace on December 12, as disclosed in an official announcement by the company.

    Who will succeed Vitale as the creative director of Versace?
    The successor to Vitale as the creative director of Versace has not been announced yet. Versace has promised to reveal the name in due course.

  • New Zealand’s Non-Alcoholic Sensation Free AF Shakes Up UK Market with Delectable RTD Cocktails

    New Zealand’s Non-Alcoholic Sensation Free AF Shakes Up UK Market with Delectable RTD Cocktails

    Free AF, a New Zealand-based company specializing in non-alcoholic beverages, has made its debut in the UK market. Their range of ready-to-drink (RTD) cocktails is now available to consumers across the country in Morrisons retail locations and online.

    Product Availability

    The product lineup available in Morrisons stores includes two flavours: Apero Spritz and Spiced Rum & Ginger. The Margarita flavour, on the other hand, can be purchased online through both Amazon and Free AF’s own website.

    Each 250ml can is reasonably priced at £2.50 (equivalent to A$5). The beverages feature Afterglow, a unique blend of New Zealand botanicals that give the drinks a warming sensation similar to that of alcohol, without any actual alcohol content.

    Company Expansion

    Free AF, founded by Lisa King, has already established a significant market presence in New Zealand and the United States. Their products are available in over 4,000 stores across the US, including popular retail chains Target, Walmart, and Sprouts.

    King expressed her excitement about the company’s expansion into the UK market, despite the challenging economic climate. “Entering the UK market is a huge milestone for us,” she said. “Every stage of growth has been shaped by our customers here at home. Their feedback influenced everything – from flavour to purpose – and that’s what’s enabled us to scale globally.”

    Brand Presence

    The brand has made appearances at high-profile events such as Coachella, New York Fashion Week, and NZ Fashion Week. Recently, Free AF announced a three-year partnership with The Nelson Mandela Foundation. As part of their commitment, a portion of Free AF’s global sales will go towards supporting the non-profit organization.

    Questions & Answers

    What is Free AF?
    Free AF is a New Zealand-based company that specializes in non-alcoholic beverages.

    What flavours are available from Free AF in the UK?
    The flavours available in the UK include Apero Spritz and Spiced Rum & Ginger in Morrisons stores, and Margarita online.

    Where else is Free AF available?
    Apart from the UK, Free AF products are also available in New Zealand and the United States, with their products being stocked in over 4,000 stores across the US.

  • OMG Group Shatters Sales Record: Stellar November Performance Bolsters Year of Phenomenal Growth

    OMG Group Shatters Sales Record: Stellar November Performance Bolsters Year of Phenomenal Growth

    In November, Australian health and wellness firm OMG Group reported its highest sales ever, surpassing the previous monthly revenue record by 20% with $720,000 in sales. This figure represents a 40% increase in sales compared to the same period in the previous year. According to OMG Group, this growth can be attributed to the expansion of their physical distribution networks and e-commerce channels. Blue Dinosaur and Oat Milk Goodness are among the company’s portfolio brands.

    Financial Year Sales

    In the financial year which ended on June 30, OMG Group achieved sales of $2.65 million, marking a 68% increase from the same period the previous year. On Black Friday, sales from Blue Dinosaur, one of the company’s brands, surpassed $318,000. This is the second-highest e-commerce total in the brand’s history and represents a 56% increase year-on-year.

    Future Growth Projections

    OMG Group is optimistic that this growth momentum will carry on through the Christmas period, following its ‘Summer of Cricket’ marketing campaign. The company believes this campaign presents a unique opportunity to leverage its market position. Furthermore, following the rise in sales across Woolworths stores, OMG Group is actively exploring opportunities to extend its physical stocking agreements to petrol and convenience stores across Australia.

    CEO’s Statement

    Alex Aleksic, the CEO of OMG Group, expressed his enthusiasm about the company’s performance. He said, “Announcing another record monthly sales result ahead of a potentially high-demand summer period is a clear demonstration of the robustness of our multi-channel brand portfolio.” Aleksic added that alongside the increasing momentum with major Australian retail partners, the company’s e-commerce business is generating over $2 million of annual turnover and is consistently on a growth path.

    Questions & Answers

    What were OMG Group’s sales in November?
    OMG Group’s November sales were its highest ever, with $720,000 in sales, surpassing its previous monthly revenue record by 20%.

    What is the projected growth for OMG Group?
    The Company expects to maintain its positive growth momentum through the Christmas period and beyond. This optimism is fueled by the success of its ‘Summer of Cricket’ marketing campaign and plans to expand its physical distribution networks.

    What is the status of OMG Group’s e-commerce business?
    OMG Group’s e-commerce business is generating over $2 million of annual turnover and continues to grow consistently. This growth is driven by the success of portfolio brands such as Blue Dinosaur.

  • DFI Retail Group Unveils Three-Year Growth Plan: Franchising and Brand Expansion on the Horizon

    DFI Retail Group Unveils Three-Year Growth Plan: Franchising and Brand Expansion on the Horizon

    DFI Retail Group recently disclosed its three-year strategic growth plan, underscoring the development of a franchise model and launching more proprietary brands. Headquartered in Hong Kong, the group aims to use these strategies to enhance customer service across Asia’s varied markets and achieve exponential profit growth.

    Expanding Health and Beauty, Convenience Store Networks

    One of the critical components of the plan is growing the health and beauty as well as convenience store networks using a capital expenditure-light franchise model. The health and beauty arm of the group operates the Mannings chain in Mainland China, Hong Kong, and Macau, and Guardian stores in Indonesia, Malaysia, Singapore, and Vietnam. The group’s convenience store network includes 7-Eleven outlets in Hong Kong, Macau, Southern China, and Singapore.

    Introducing More Proprietary Brands

    The company also plans to introduce more of its brand products, concentrating on affordable, high-quality options that cater to Asian consumers’ escalating demand for value. Other strategies include escalating store sales density, using customer data insights for digital growth, and maintaining strict capital allocation and cost efficiency.

    DFI’s CEO, Scott Price, stated, “Customers across Asia increasingly desire quality and convenience at excellent value. With our extensive format portfolio and omnichannel capabilities, we can effectively meet these needs across all channels.”

    Future Objectives and Profit Expectations

    Aligned with these aims, the group anticipates delivering an underlying profit Compound Annual Growth Rate (CAGR) of 11-15 per cent, aspiring to achieve US$310-350 million by 2028. The group also expects an organic subsidiary revenue growth of 2-3 per cent annually through 2028 and plans to reach online sales penetration of 7-10 per cent by the same year.

    Price further added, “Our robust balance sheet and disciplined capital use provide us the flexibility to invest in growth while consistently increasing returns to shareholders in the coming years.”

    As of December 1, DFI and its partners operated over 7,400 outlets across 12 markets. Despite flat sales growth in the first half of the fiscal year, the group reported double-digit profit growth.

    Questions & Answers

    What is DFI Retail Group’s plan for the next three years?
    DFI Retail Group plans to develop a franchise model, introduce more of its own brands, and achieve double-digit profit growth.

    What does the franchise model expansion involve?
    The expansion involves the health and beauty and convenience store networks, which include the Mannings chain and 7-Eleven outlets, among others.

    What are the group’s financial expectations by 2028?
    The group aims to deliver an underlying profit Compound Annual Growth Rate (CAGR) of 11-15 per cent, hoping to achieve US$310-350 million. It also targets an organic subsidiary revenue growth of 2-3 per cent annually and online sales penetration of 7-10 per cent.

  • Mega MGC Coffee Celebrates Opening of 4000th Store in South Korea: A Decade of Caffeinated Success Story

    Mega MGC Coffee Celebrates Opening of 4000th Store in South Korea: A Decade of Caffeinated Success Story

    Mega MGC Coffee, a prominent coffee chain, has proudly announced the opening of its 4000th outlet in South Korea. This new store is situated at Ilsan Lake Park in Goyang, Gyeonggi province. The achievement marks a decade since the brand set up its initial location in Hongdae.

    A Family Venture

    The franchisee for this new outlet, An Su-hyeon, is no stranger to the brand. Su-hyeon manages nine other outlets for the company and states that the family-run business has ambitions to increase their portfolio to include 30 locations. These plans signal further expansion and growth for the coffee chain.

    Comment from Mega MGC Coffee CEO

    Kim Dae-young, CEO of Mega MGC Coffee, views the successful establishment of 4000 outlets as an affirmation of the brand’s growth in cooperation with its franchisees. He expressed satisfaction in seeing more owners of multiple outlets expand their businesses, attributing it to their trust in the brand.

    Future Developments

    Nhouse, the operator of Mega MGC Coffee, has indicated its intention to continue evolving its menu based on customer preferences. The company also has plans to extend its presence by opening additional outlets in South Korea and abroad.

    The coffee chain, founded in 2015, is well-known for offering affordable coffee, beverages, pastries, and desserts. This focus on value for money and quality produce has contributed significantly to its success and popularity.

    Questions & Answers

    What is Mega MGC Coffee?
    Mega MGC Coffee is a popular coffee chain, known for its affordable and quality coffee, beverages, pastries, and desserts.

    Where has Mega MGC Coffee opened its 4000th outlet?
    Mega MGC Coffee has opened its 4000th outlet at Ilsan Lake Park in the Goyang, Gyeonggi province of South Korea.

    Who runs the new outlet at Ilsan Lake Park?
    The new outlet at Ilsan Lake Park is managed by franchisee An Su-hyeon, who also operates nine other outlets for the brand.

  • Miniso’s Global Zootopia 2 Pop-up Tour: Unleashing ‘Fun Fur Every You!’ in Major Cities Worldwide

    Miniso’s Global Zootopia 2 Pop-up Tour: Unleashing ‘Fun Fur Every You!’ in Major Cities Worldwide

    Miniso, a retail giant, has recently launched an innovative international pop-up tour that encapsulates the theme of Disney’s upcoming animated film, Zootopia 2. The tour is aptly named ‘Fun Fur Every You!’ and has been making waves in key cities across Asia and other parts of the world.

    The unique tour is aimed at highlighting the brand’s latest product line, which is fundamentally driven by character. This fascinating journey has already made pit stops in several major metropolises including Beijing, Delhi, Guangzhou, Ho Chi Minh City, Hong Kong, Jakarta, Kuala Lumpur, Mumbai, Shanghai, and Singapore. Furthermore, more activations are underway in the US and Canada.

    The layout of each pop-up is thoughtfully designed, featuring photo zones that are inspired by popular characters Judy Hopps and Nick Wilde. These pop-ups also provide ample space to display Miniso’s recently launched Zootopia 2 collection. This collection, which is a collaborative effort with Walt Disney Animation Studios, covers a broad range of more than 300 unique products.

    The products in the collection include plush toys, homewares, stationery, accessories, and many more exciting items. The assortment is anchored by character-centric items like vinyl figures, blind boxes, plush, and bag charms. Moreover, select Miniso stores are also offering limited-edition bags, stickers, and badges to meet the growing demand for collectible items.

    In recent news, Miniso reported an impressive surge in sales growth for the third quarter. The company has successfully achieved a new landmark in its network expansion strategy, boasting over 8000 stores as of September 30th.

    Questions & Answers

    What is the theme of Miniso’s international pop-up tour?
    The theme of Miniso’s international pop-up tour is based on Disney’s upcoming animated film, Zootopia 2, and is called ‘Fun Fur Every You!’.

    What is the purpose of this pop-up tour?
    The purpose of this pop-up tour is to showcase Miniso’s latest character-centric product line, which includes a wide array of products ranging from plush toys to stationery.

    What recent achievement has Miniso reported?
    Miniso recently reported a significant boost in sales growth for its third quarter. Additionally, the company announced reaching a new milestone in its network expansion plans, with over 8000 stores as of the end of September.

  • “PepsiCo Ignites Power Play with Mercedes F1 Team: A Trio of Iconic Brands Gear Up for 2026 Partnership”

    “PepsiCo Ignites Power Play with Mercedes F1 Team: A Trio of Iconic Brands Gear Up for 2026 Partnership”

    PepsiCo has recently unveiled a global alliance with the Mercedes-AMG Petronas Formula One Team that will commence in 2026. This marks a first for the company, as three of its brands, Gatorade, Sting, and Doritos, will collectively collaborate with a Formula 1 team. This enduring partnership will incorporate these brands into various aspects of the team’s operations, including hydration plans and fan interaction initiatives.

    Uniting Performance, Energy, and Flavor

    Eugene Willemsen, the CEO of International Beverages at PepsiCo, expressed enthusiasm regarding the partnership. He noted that it symbolizes the unification of performance, energy, and flavor. The collaboration brings together three of PepsiCo’s most prominent brands and the world’s most successful Formula 1 team, both of which share a commitment to performance, innovation, and excellence.

    Gatorade will provide backing for the team’s hydration and performance programs. Sting, on the other hand, will concentrate its efforts on high-growth markets that coincide with the sport’s expansion. Doritos will augment fan experiences and worldwide activations associated with Grand Prix events.

    Alignment of Objectives

    Toto Wolff, the team principal and CEO of Mercedes-AMG Petronas F1, stated that the partnership mirrors the alignment between the team’s objectives and PepsiCo’s brand portfolio. In his words, the brands perfectly align with the team’s belief of chasing ultimate performance through innovation and excellence. He highlighted Gatorade’s expertise in sports science, Sting’s vibrant energy, and Doritos’ cultural significance each as bringing something unique to the partnership. Together, they forge a partnership that not only fortifies the team’s performance, but also amplifies the experience for their global fan base.

    This partnership will utilize the profiles of drivers George Russell and Kimi Antonelli. Russell, with his reliable track record and extensive fan base, together with Antonelli, a representative of the incoming generation of drivers, will be featured in communications, behind-the-scenes content, and fan interaction programs with the three brands.

    Richard Sanders, the Chief Commercial Officer of the Mercedes-AMG Petronas F1 Team, lauded the partnership. He stated that their proficiency in this sector will assist in delivering fantastic experiences for their guests and fans, both on and off the track. He added that this partnership brings real value to how they function on a daily basis and how they connect with people around the world.

    Questions & Answers

    What are the main PepsiCo brands involved in this partnership?
    The three main brands involved are Gatorade, Sting, and Doritos.

    What roles will Gatorade, Sting, and Doritos play in the partnership?
    Gatorade will support the team’s hydration and performance programs, Sting will focus on high-growth markets aligned with the sport’s growth, and Doritos will contribute to fan experiences and global activations linked to Grand Prix events.

    Which drivers’ profiles will the partnership utilize?
    The partnership will leverage the profiles of drivers George Russell and Kimi Antonelli.

  • LVMH Battles Billion-Euro Lawsuit: Luxury Leader Denies Claim of Misappropriating Hermès Heir’s Shares

    LVMH Battles Billion-Euro Lawsuit: Luxury Leader Denies Claim of Misappropriating Hermès Heir’s Shares

    Luxury conglomerate LVMH has publicly denied allegations that it illicitly acquired shares now valued in the billions of euros from Hermès heir, Nicolas Puech. LVMH has been named in a lawsuit alongside its CEO, Bernard Arnault, and ex-wealth manager Eric Freymond.

    The Allegations

    Puech has claimed that he was wrongfully deprived of Hermès shares, now worth billions of euros, due to the actions of Arnault, LVMH and Freymond. He has lodged a civil lawsuit against these parties, leading to an ongoing criminal investigation in France.

    In response to Puech’s claims, LVMH released a statement stating, “LVMH and its (controlling) shareholder firmly reaffirm that they never, at any time, misappropriated shares of Hermès International, in any way whatsoever or without anyone’s knowledge, and that they do not hold any ‘hidden’ shares, contrary to what Mr Nicolas Puech suggests.”

    Puech, previously one of Hermès’ largest individual shareholders, shared in a recent interview that he was unaware of any movement of Hermès shares in his name, purportedly for Arnault’s advantage.

    The Investigation

    Reports have circulated that Arnault will soon be questioned by investigative judges in Paris. However, no specific date has been provided, and Arnault’s spokesperson has not responded to requests for comment.

    The Paris public prosecutor’s office has clarified that, to date, only Freymond has been formally placed under investigation. Neither Arnault nor his companies have been subjected to a formal investigation.

    Questions & Answers

    What are the allegations against LVMH?
    Nicolas Puech, an heir to Hermès, has claimed that LVMH, its CEO Bernard Arnault, and former wealth manager Eric Freymond wrongfully deprived him of Hermès shares worth billions of euros.

    Has LVMH responded to these claims?
    Yes, LVMH has denied any wrongdoing, stating that they have not illicitly acquired any shares of Hermès International.

    Who is currently under formal investigation?
    At this time, only Eric Freymond, the former wealth manager, has been formally placed under investigation. The Paris public prosecutor’s office has confirmed that neither Bernard Arnault nor his companies are currently under formal investigation.

  • Vietnam’s Agricultural Exports Soar by 12.6%: Thriving Market for Coffee, Fruits, and Vegetables

    Vietnam’s Agricultural Exports Soar by 12.6%: Thriving Market for Coffee, Fruits, and Vegetables

    In the first eleven months of 2025, the exportation of agricultural, forestry, and fisheries products increased by 12.6% on a year-on-year basis, totaling a whopping US$64 billion.

    Breakdown of Agricultural Exports

    The agricultural sector contributed significantly to this figure, accounting for $34.24 billion, representing an increase of 15% over the period. In particular, the average price of coffee exports experienced a significant boost, escalating by 40% to reach $5,667 per ton. Germany, Italy, and Spain emerged as the primary destination markets for these coffee exports.

    Furthermore, exports of fruits and vegetables witnessed a near 20% rise, amounting to $7.91 billion. This surge was primarily driven by robust demand from the Chinese and U.S. markets.

    Challenges in the Export Market

    Despite the general upward trend, not all products enjoyed the same level of success. Cashew and pepper exports did increase; however, some key commodities encountered challenges.

    Rice exports, for instance, took a substantial hit, declining by 27.7% to $3.83 billion due to increased competition. Similarly, exports of tea and rubber suffered a downturn as demand for these products weakened.

    Government’s Future Plans

    Phung Duc Tien, the Deputy Minister of Agriculture and Environment, recently stated that by the close of the year, the export value of agricultural, forestry, and fisheries products could reach an approximate $70 billion.

    In an effort to boost this sector further, the government is focusing on promoting green, organic, and circular agricultural models. These initiatives aim to preserve natural resources and biodiversity. Additionally, the government intends to fortify regional linkages to create a more unified, strong sector.

    Questions & Answers

    What was the total value of agricultural, forestry, and fisheries exports in the first eleven months of 2025?
    The total value was US$64 billion, representing a 12.6% increase year-on-year.

    Which agricultural products saw an increase in export value?
    The price of coffee exports rose by 40%, and there was a nearly 20% increase in the exportation of fruits and vegetables.

    Which agricultural products faced challenges in the export market?
    Rice exports faced a significant decline due to rising competition, and the shipment of tea and rubber products also dropped because of weakened demand.

  • Vontobel Boosts Asia Expansion with Industry Expert Cody Law: Aiming for Long-Term Regional Growth

    Vontobel Boosts Asia Expansion with Industry Expert Cody Law: Aiming for Long-Term Regional Growth

    Vontobel, the esteemed Swiss investment firm, continues to expand its presence in Asia, bolstering its team with a crucial addition aimed at strengthening intermediary relationships and setting the stage for enduring growth across the region.

    Cody Law has been welcomed into the Vontobel fold as the Senior Relationship Manager for Intermediary Clients. His role will include strengthening client relationships and broadening the firm’s distribution business through the establishment of partnerships with principal financial intermediaries.

    Law boasts an impressive 22-year track record in the Asia intermediary market, contributing to his reputation as a driving force behind business growth.

    Proven Client-Centric Expertise

    In his previous roles, Law demonstrated his prowess in overseeing financial intermediary relationships in Hong Kong. In particular, he excelled while stationed at Jupiter Asset Management. Prior to this, he partnered with Hong Kong intermediary clients at Janus Henderson Investors, delivering innovative solutions.

    Law’s early career comprises 16 enriching years in investment counselling and relationship management roles at leading financial institutions such as HSBC, Citibank, and Standard Chartered Bank. Here, he catered to high-net-worth clients, managing portfolios and investment products. Law is a proud alumnus of the University of Hong Kong, having earned a Bachelor of Mechanical Engineering (Honours).

    Geared Towards Expansion

    Law’s extensive network in Hong Kong and his vast experience across the intermediary landscape make him an indispensable asset as Vontobel readies for its strategic foray into Asia’s retail space, according to Clarabelle Ho, Head Asia Intermediary. She believes Law’s expertise will fortify the firm’s market presence and foster sustainable growth.

    Established Presence in Asia

    Having launched its Asia Pacific operations in 2008, Vontobel now caters to clients from Hong Kong, Singapore, Tokyo, and Sydney. This regional presence lays the groundwork for wider coverage and expansion.

    As of September 30, 2025, Vontobel managed assets worth 239.7 billion francs. The Zurich-based firm prides itself on operating as an investment-led global firm that prioritizes the client’s perspective. They harness technology to expand advisory and investment expertise across platforms.

    Questions & Answers

    Who is the latest Senior Relationship Manager for Intermediary Clients at Vontobel?
    Cody Law has been appointed as the Senior Relationship Manager for Intermediary Clients at Vontobel.

    What is the role of the Senior Relationship Manager for Intermediary Clients at Vontobel?
    The role involves strengthening client engagement and developing the firm’s distribution business by building partnerships with major financial intermediaries.

    What is Vontobel’s standing in the global investment sector?
    As of September 30, 2025, Vontobel, a Zurich-based firm, managed assets worth 239.7 billion francs, positioning itself as a leading investment-focused firm that prioritises clients’ perspectives and leverages technology to expand its advisory and investment expertise.

  • Revolutionizing Thai Industries: TrueBusiness Unveils ‘True AI Hub’ for Seamless AI Integration and Accelerated Transformation

    Revolutionizing Thai Industries: TrueBusiness Unveils ‘True AI Hub’ for Seamless AI Integration and Accelerated Transformation

    TrueBusiness is pledging to serve as a dependable ally for Thai businesses navigating the complexities of digital and AI transformation. The company has unveiled True AI Hub, an exhaustive AI platform engineered to address the AI needs of businesses both big and small. The platform is scalable to accommodate the needs of small, medium, and large enterprises, aiming to amplify their capabilities, expedite results, keep costs in check, and bolster competitiveness in an increasingly AI-centric business environment.

    The Innovation of True AI Hub

    True AI Hub is a revolutionary platform that makes AI adoption more accessible by offering superior performance, precision, and adaptability. It caters to a broad spectrum of business needs by granting access to over 50 AI models sourced from more than 10 premier AI platform providers. The hub was designed with user-friendliness in mind, boasting a web interface and an intelligent recommendation system that proposes the most fitting AI model and capability in accordance with the business’s objectives. This enables users to conveniently access a variety of AI models all in one place.

    One of the key features of the platform is its commitment to data security. It incorporates Algorithm Guardrail, a top-tier security mechanism designed to offer robust data protection. In addition, it includes an enterprise management system with features such as centralized monitoring, cost control, and security governance, all managed via a dashboard. True AI Hub presents an affordable monthly subscription model, with prices starting at only THB 399 per user per month, thus eliminating the need for hefty initial investments.

    A Word from the Chief Business Officer

    According to Dr. Teeradet Dumrongbhalasitr, Chief Business Officer at True Corporation Plc., working closely with businesses of all sizes has given TrueBusiness deep insights into their needs and challenges in business transformation and hastening AI adoption. These challenges often require investment in effective technologies capable of producing the right outcomes. As he explained, a single AI model is not enough to tackle today’s multifaceted business issues as each model has its strengths and weaknesses, whether in terms of data-type accuracy, processing speed, or creative capabilities.

    For this reason, TrueBusiness launched ‘True AI Hub’, an all-in-one AI platform that consolidates top-tier AI capabilities in a single location. Dr. Dumrongbhalasitr went on to say that, in conjunction with EGG Digital, Thailand’s foremost big data analytics provider, they utilize AI-driven technologies to analyze data with a deep contextual understanding of consumer challenges. This approach enhances True AI Hub’s ability to truly comprehend the unique context of Thai businesses, offering tailored AI solutions that precisely, effectively, and realistically meet their specific needs across all industries. He expressed confidence that True AI Hub will emerge as a powerful instrument that catalyzes and expedites comprehensive, end-to-end transformation for businesses in the AI era.

    Questions & Answers

    What does the True AI Hub aim to offer?
    True AI Hub is a comprehensive and scalable AI platform designed to meet the AI needs of small, medium, and large enterprises. It provides access to over 50 AI models, offers robust data protection, and features an enterprise management system.

    What makes True AI Hub user-friendly?
    True AI Hub features a user-friendly web interface and an intelligent recommendation system that suggests the most suitable AI model and capability based on business objectives.

    How does True AI Hub ensure data security?
    True AI Hub incorporates Algorithm Guardrail, an enterprise-grade security mechanism, to offer robust data protection. The platform also includes an enterprise management system with centralized monitoring, cost control, and security governance.

  • Polene Infuses Local Heritage into Design of First Flagship Store in China: Sustainable Luxury in Beijing’s Taikoo Li Sanlitun

    Polene Infuses Local Heritage into Design of First Flagship Store in China: Sustainable Luxury in Beijing’s Taikoo Li Sanlitun

    Polene, a luxury brand hailing from Spain, has inaugurated its first-ever flagship store in China. The new establishment is situated in Taikoo Li Sanlitun, located in Beijing.

    Store Design and Features

    Visitors to the store are initially greeted by a large magnolia installation at the entrance, serving as an attraction for anyone entering the location. The store’s interior design showcases a harmony of modern aesthetics with elements of traditional Chinese craftsmanship.

    The store displays a blend of walnut wood, leather, and Xuan paper, which is a traditional Chinese paper made from Blue Sandalwood tree fibres and rice straw. This incorporation of local elements is a nod to the Chinese culture and heritage.

    Polene has also demonstrated its commitment to sustainability through its innovative use of materials. The brand has upcycled 12 tonnes of leather scraps, transforming them into compressed leather bricks that are extensively used in the store’s interior. This usage of recycled leather offers a distinctive, mineral-like texture, while simultaneously promoting sustainable practices.

    A Three-Level Journey

    The flagship store also houses a unique, three-storey experiential area named “Craft at Work – A Theatre of Artisanship”.

    The journey begins with a representation of a Paris workshop, complete with patacabras, small hammers used for leather crafting. The journey continues with a scene that pays homage to Ubrique, the Spanish town known for Polene’s leather production. The final stage of this experiential journey is a unique setting that transforms a leather atelier into a theatrical environment. Here, miniature bags traverse overhead conveyors, providing a fascinating spectacle alongside larger sculptural pieces.

    New Brand Ambassador

    In tandem with the flagship store’s launch, Polene has announced the appointment of actress and singer Zhu Zhu as its new brand ambassador. The brand praises Zhu Zhu for her confidence and effortless poise, which beautifully encapsulate Polene’s refined, minimalist aesthetic.

    Questions & Answers

    What is unique about the design of Polene’s flagship store in Beijing?
    Polene’s flagship store incorporates traditional Chinese elements such as walnut wood and Xuan paper into its contemporary design, alongside recycled leather bricks made from upcycled leather offcuts.

    What is the “Craft at Work – A Theatre of Artisanship” at Polene’s flagship store?
    This is a three-storey experiential area that guides visitors through a journey of craftsmanship, from a depiction of a Paris workshop to a tableau that transforms a leather atelier into a theatrical setting.

    Who is the new brand ambassador for Polene?
    The new brand ambassador for Polene is actress and singer Zhu Zhu, chosen for her confidence and poise that embody Polene’s refined, minimalist aesthetic.

  • Wingstop Takes Flight: Iconic Fast Food Chain Breaks into Thailand Market in Global Expansion Blitz

    Wingstop Takes Flight: Iconic Fast Food Chain Breaks into Thailand Market in Global Expansion Blitz

    Fast-food chain Wingstop is rapidly broadening its international reach by expanding into three new markets: Thailand, Italy, and Ireland. This move comes as part of the company’s ambitious plan for global expansion.

    Wingstop has recently celebrated a significant milestone in its growth trajectory by inaugurating its 3000th restaurant. Over the past two years, the company has shown robust expansion, adding close to 800 locations across the globe.

    This recent growth phase has seen Wingstop making its debut in six new markets, including Australia, Bahrain, Kuwait, Puerto Rico, Saudi Arabia, and the Netherlands.

    Michael Skipworth, the current President and CEO of Wingstop, expressed his confidence in the company’s continued growth. He highlighted that with a record pipeline of restaurant commitments sold, there seemed to be no slowing down for the Wingstop brand.

    Wingstop was founded in 1994 and has since become popular for its buffalo wings and sandwiches. The company has its operational footprint in 47 US states and 15 countries worldwide. Through franchising or direct operations, Wingstop has more than 10,000 restaurants in total.

    Questions & Answers

    What is Wingstop?
    Wingstop is a popular fast-food chain, established in 1994. It is known for its buffalo wings and sandwiches.

    Where does Wingstop operate?
    Wingstop operates in 47 US states and 15 countries globally. It has more than 10,000 restaurants which operate either through franchising or direct operations.

    What are the new markets Wingstop is expanding into?
    Wingstop is expanding its operations into three new markets: Thailand, Italy, and Ireland.