Retail News CRM

Author: Mei Ling Tan

  • Ho Chi Minh City’s Ambitious Plan: Complete Transition To Electric Motorcycles By 2029 Amidst Infrastructure Challenges

    Ho Chi Minh City’s Ambitious Plan: Complete Transition To Electric Motorcycles By 2029 Amidst Infrastructure Challenges

    In Ho Chi Minh City (HCMC), approximately 14,000 ride-hailing motorbike drivers have transitioned from gasoline-powered vehicles to electric versions. This represents about 3.5% of the total fleet. Ngo Hai Duong, Head of the Road Transport Management Department of the city’s Department of Construction, revealed at a recent forum that HCMC aims to completely transition its 400,000-strong ride-hailing motorbike fleet to electric vehicles (EVs) by 2029.

    Reducing Registrations for Gasoline-Powered Bikes

    The city has plans to decrease the number of registered gasoline-powered motorbikes for ride-hailing platforms starting next year. Duong revealed that out of the city’s 21,300 taxis, over 68% are now electric. He clarified that this transition was primarily driven by the businesses themselves rather than any city ordinances.

    Challenges in the Transition to Electric Vehicles

    However, one of the main obstacles to the successful transition to EVs is the limited availability of charging stations. The growing demand from electric motorbikes, cars, and buses is starkly in contrast to the city’s fewer than 1,000 charging stations with 15,000 ports. Duong acknowledged that the growth of charging infrastructure has not kept up with the rise in electric vehicle numbers.

    Hoang Anh Tuan, Director of the Transport and Traffic Safety Department of the Ministry of Construction, suggested that priority should be given to a city-wide plan for charging stations, akin to the existing network of gasoline stations. This would require setting criteria for locations and technical standards, along with a commitment to universal charging for all vehicles.

    The Vietnam Automobile, Motorcycle and Bicycle Association echoed this sentiment and urged the government to implement “non-monopoly” regulations for charging infrastructure. This means that charging stations should be open to all electric vehicles.

    Recycling Electric Vehicles and Batteries

    Analysts have proposed the establishment of a system for recycling electric vehicles and their batteries. There is also a proposal being considered by the city to give households up to VND20 million (approximately US$800) to trade their gasoline motorbikes for electric ones. This move is part of the city’s concerted efforts to reduce pollution and create low-emission zones.

    Questions & Answers

    What is the percentage of the total fleet that has transitioned to electric vehicles in HCMC?
    Approximately 3.5% of the total fleet in HCMC has transitioned to electric vehicles.

    What obstacles are being faced in the transition to electric vehicles?
    One of the main challenges is the lack of sufficient charging stations to meet the growing demand from electric motorbikes, cars, and buses.

    What initiatives are being considered to encourage the transition to electric vehicles?
    The city is considering a proposal to provide households with up to VND20 million (approximately US$800) to swap their gasoline motorbikes for electric ones. This initiative is part of the city’s broader efforts to reduce pollution and create low-emission zones.

  • Tata Motors Restructures Into Two Entities, Aiming For Enhanced Business Focus

    Tata Motors Restructures Into Two Entities, Aiming For Enhanced Business Focus

    In a major strategic move, Tata Motors has announced a significant restructuring of its company. As of October 14th, the company was divided into two separate entities – Tata Motors Passenger Vehicles and TML Commercial Vehicles. Despite the split, the passenger vehicles division remained listed on the stock exchange under the name “Tata Motors.” However, this will change as of October 24th when the name will officially become “Tata Motors Passenger Vehicles,” complete with a new logo.

    Consolidation of Commercial Vehicle Division

    Tata Motors has also unveiled plans to consolidate its Commercial Vehicle (CV) division and all associated investments under one dedicated entity. Concurrently, the Passenger Vehicle (PV) business and its related assets will be placed in a separate company. This move is intended to streamline operations and create a sharper focus on the different business segments.

    The restructuring has had a notable impact on the company’s share price, which has seen a significant drop since the division was announced. This change, however, reflects the separation of the commercial vehicle business rather than a reduction in investor value.

    Specialized Entities for Robust Operations

    The restructuring has led to the formation of two specialized entities. Tata Motors Passenger Vehicles Limited will be responsible for cars, SUVs, EVs, and the Jaguar Land Rover business. In contrast, the newly formed Tata Motors Limited will concentrate exclusively on commercial vehicles like trucks, buses, and pickups. This strategic split is intended to enhance business focus and unlock greater value in India’s vibrant automotive sector.

    The newly formed Tata Motors Commercial Vehicles Limited (TMLCV) is set to be renamed Tata Motors Limited once the necessary regulatory approvals have been secured. Until then, TMLCV shares will remain unlisted, a process that typically takes between 45 to 60 days. Meanwhile, the previous derivative contracts expired on Monday, and fresh F&O contracts for Tata Motors Passenger Vehicles Limited (TMPVL) started trading on Tuesday. However, TMLCV won’t be available for F&O trading immediately.

  • Everton’s New Stadium and How Fans Watched History

    Everton’s New Stadium and How Fans Watched History

    Hill Dickinson Stadium hosted its first competitive match on August 24, 2025. Everton beat Brighton 2-0 in front of 52,769 fans. The £800 million stadium replaced Goodison Park after 133 years. Iliman Ndiaye scored the first goal at the new ground. He also scored Everton’s last goal at Goodison Park. Jack Grealish set up both goals in his first home game.

    Social media tracking showed Everton posts from 47 countries during the match. Most activity happened when Ndiaye scored in the 23rd minute.

    Official streaming services recorded viewers from 73 countries. Sky Sports saw 15% more international viewers compared to last season’s opener at Goodison Park.

    Brisbane Blues had 47 people watching at 11 PM local time. Three venues in Johannesburg hosted 83 South African fans. Bangkok supporters booked four different places with space for 240 people total. Kuala Lumpur fans had 156 people turn up – their biggest crowd since the 2009 FA Cup final. Their usual average last season was 89 people.

    West Coast Americans started watching at 6 AM. Singapore and Indonesian fans got a better 10 PM kickoff time. Australian fan clubs made it a full day event. Melbourne’s group watched for six hours including pre and post-match coverage.

    Stadium Tech and Online Activity

    The stadium has 1,200 WiFi access points covering all 52,888 seats. During the Brighton game, 34,000 different devices connected to stadium WiFi. Each device used an average of 2.1GB of data.

    The official Everton app saw 340% more international users during the match compared to the previous week. Ireland had the most users at 23%, then Australia (18%), United States (16%), Thailand (12%), and Malaysia (8%).

    Fans inside the stadium posted on social media reaching supporters across six time zones. International supporters clubs on Twitter were 280% more active than during away games.

    North American supporters club membership went from 2,847 in 2020 to 4,123 in 2025. Thailand’s group grew 87% to 1,340 members. Australia increased 64% to 2,156 registered supporters.

    International merchandise sales make up 31% of Everton’s retail money. Asian markets are growing fastest with jersey sales up 23% year-over-year. New stadium licensing deals should bring 45% more overseas partnerships by 2027.

    The season ticket waiting list has 1,847 international applicants. That’s 12% of all applications. This doesn’t count supporters who use UK addresses through family or business.

    What Fans Do During Games

    Surveys show overseas supporters act differently than UK fans. 67% of international fans do other things during halftime versus 23% of domestic supporters. North American groups start gathering 90 minutes before kickoff like at regular sports bars.

    Different regions want different content. Southeast Asian fan clubs participate 40% more when materials are in local languages. India has WhatsApp groups with over 3,000 members across 12 cities providing live commentary.

    During the off-season, British fans living abroad look for familiar entertainment. Many try non-UK casinos for UK players that offer football-themed games and keep connections to British sports culture.

    New Features

    Hill Dickinson Stadium works with Seat Unique to offer hospitality packages in six languages. Digital help services target traveling supporters. The club expects to make £2.3 million yearly from international digital services by 2027.

    Stadium tours will use virtual reality to let fans experience matchday atmosphere remotely. International TV partnerships will include region-specific programming that respects local fan cultures while keeping Merseyside traditions.

    The stadium has a 13,000-seat stand inspired by Borussia Dortmund’s “Yellow Wall.” Camera positions give elevated views of the stadium and Mersey waterfront specifically for international broadcasts.

    Changes from Goodison Park

    Goodison Park’s final season averaged 39,000 attendance with limited international viewing setup. The new venue’s 52,769 capacity is 33% bigger. WiFi capacity increased from 8,000 connections to 35,000.

    International fan club events during Goodison’s final season lasted 2.3 hours on average. Hill Dickinson Stadium’s debut caused 4.1-hour average viewing parties worldwide. Australian groups had the longest sessions at 5.8 hours average.

    The stadium opening matches Everton’s first Premier League season under The Friedkin Group ownership. International supporters make up 28% of the club’s social media followers, up from 19% in 2020.


  • Singapore’s Public Transport Fares To Rise, Offset By Lower Monthly Pass Costs And Transport Vouchers

    Singapore’s Public Transport Fares To Rise, Offset By Lower Monthly Pass Costs And Transport Vouchers

    Singapore’s adult commuters will soon face a 9-10 cent (0.07-0.08 USD) increase in their public bus and train fares per trip, corresponding to an overall public transport price increase of 5%.

    Rising fares from December 27

    Starting from December 27, the base fares for bus and train journeys for adults will increase by 9 cents for journeys up to 17.2 kilometers and by 10 cents for longer trips, according to a statement by the Public Transport Council (PTC) on Tuesday.

    Changes for concessionary card holders

    Fare changes will also affect concessionary card holders, including students, seniors, people with disabilities, and low-wage workers with workfare transport concessions. For these categories, the fare will increase by 3-4 cents for journeys longer than 3.2 kilometers, while fares for shorter trips will remain the same.

    PTC specified that more than a third of all concessionary trips, equating to around 450,000, are 3.2 kilometers or less. These short journeys are typically for commuting to school, work, or local amenities.

    Cash fares on public buses to rise

    Cash fares for public buses will likewise increase; adults will see a 20-cent rise, seniors and people with disabilities will face a 10-cent increase, and students will have a 5-cent increase. The council noted that fewer than 1% of all public transport trips are paid in cash.

    Express bus services fares to increase

    Fares for express bus services, which provide faster commuting options from residential areas to city centers and primary job hubs at higher rates than standard buses, will also see an increase. Adult passengers will pay an additional 49-50 cents per express bus trip, while passengers from concessionary groups will face a 20-24 cent increase. Cash fares for these services will rise by 60 cents per journey.

    Despite the increases, this year’s overall fare increase is less than the 6% and 7% increases experienced in 2024 and 2023, respectively.

    Reduced prices for monthly travel passes

    In an effort to support regular public transport users, the cost of monthly travel passes will decrease by 5% from December 27. The revised prices will be S$122 for adults, S$55 for seniors and people with disabilities, and S$92 for low-wage workers with workfare transport concessions. This discount is expected to benefit approximately 155,000 passengers, according to the council.

    Additionally, the government plans to issue S$60 public transport vouchers to households earning up to $1,800 per person per month to help offset the impact of the fare hikes. These vouchers can be used to top up fare cards or to purchase monthly passes.

    Questions & Answers

    When will the new fare rates take effect?
    The new fare rates will start from December 27.

    Who will be affected by the fare increases?
    The fare increases will affect adult commuters, concessionary card holders (including students, seniors, people with disabilities, and low-wage workers), and users of express bus services.

    What measures are being taken to ease the impact of fare hikes?
    To mitigate the impact of the fare hikes, the government will issue S$60 public transport vouchers to eligible households. Additionally, the price of monthly travel passes will be reduced by 5%.

  • Gold Prices Soar To New Heights Globally And In Vietnam Amidst Geopolitical Tensions

    Gold Prices Soar To New Heights Globally And In Vietnam Amidst Geopolitical Tensions

    The price of gold in Vietnam continued its upward trend on Thursday morning, with global rates reaching a new high. The price of Saigon Jewelry Company’s gold bar increased by 0.41%, reaching VND148.6 million (US$5,642.15) per tael.

    The price of gold rings also saw an increase, rising by 0.34% to VND148.1 million per tael. It’s worth noting that one tael is equivalent to 37.5 grams or 1.2 ounces.

    Gold Value Increase in Vietnam

    In Vietnam, the value of gold bullion has seen a significant increase, jumping by 76.5% this year.

    As of September 6, 2025, the SJC gold bar price stood at 135.4 million VND per tael, given that one million VND equals $37.96.

    Global Gold Price Record

    On the global stage, the price of gold breached the $4,200 per ounce mark for the first time. This record was driven by the rising possibility of interest rate cuts and geopolitical concerns, which have prompted investors to seek out the safety of the precious metal.

    Despite reaching a new high of $4,241, the spot gold price fell to $4,230 at the time of writing.

    Market analyst Fawad Razaqzada commented on the current trend: “The metal has been on a tear, and it doesn’t look like it wants to stop. With U.S.-China trade tensions being reignited in the last few days, investors have even more reason to hedge their long equity bets by diversifying into gold.”

    Over the course of this year, gold has seen a surge of over 60%. This surge has been driven by a combination of factors including geopolitical tensions, bets on rate cuts, central bank purchases, de-dollarization, and strong inflows into exchange-traded funds (ETFs).

    Questions & Answers

    What is the current trend in gold prices?
    Gold prices have been on a steady upward trend, both globally and particularly in Vietnam.

    What factors are contributing to the surge in gold prices?
    A combination of factors including geopolitical tensions, bets on rate cuts, central bank purchases, de-dollarization and strong inflows into exchange-traded funds (ETFs) have contributed to the surge.

    How are investors responding to the current trend in gold prices?
    With increasing geopolitical tensions and potential interest rate cuts, investors are seeking safety in gold, using it as a hedge and diversification tool against their long equity bets.

  • Vietnam’s Soybean Imports From U.s. Surge Amid Aquaculture Sector Growth

    Vietnam’s Soybean Imports From U.s. Surge Amid Aquaculture Sector Growth

    In the first three quarters of 2025, Vietnam saw a 9% year-on-year increase in its imports of U.S. soybeans, reaching a total value of $300 million. This surge has been attributed to ongoing efforts to incorporate these soybeans into the country’s aquaculture sector.

    U.S. Soybean Imports Rise

    Customs data indicates that the U.S. supplied 670,000 tons of soybeans to Vietnam, marking an almost 30% increase compared to the previous year. These imports accounted for roughly 33-34% of Vietnam’s total soybean imports, which is a slight increase from the previous year.

    Vietnam’s Growing Soybean Market

    According to the U.S. Soybean Export Council, Vietnam ranks as the third largest buyer of U.S. soybeans within Southeast Asia and maintains a strong position in the global market. The country’s rapidly evolving food and animal feed sectors, combined with an increasing consumer preference for plant-based products, are expected to stimulate further demand for soybeans.

    To further bolster the use of U.S. soybeans in Vietnamese aquafeed, the U.S. Soybean Export Council recently entered into a three-year memorandum of cooperation with the Vietnam Fisheries Association.

    Vietnam’s Aquaculture Industry

    Vietnam is among the top five global fisheries producers, with its aquaculture sector contributing 4-5% to the country’s GDP. In June, Do Duc Duy, the Minister of Agriculture and Environment, led a delegation of nearly 50 agricultural businesses and associations on a trip to the U.S. to participate in business dialogues aimed at fostering balanced and sustainable trade. During the visit, approximately 20 memorandums of understanding were signed, amounting to $3 billion in agricultural trade, including soybeans.

    Questions & Answers

    What accounted for the rise in Vietnam’s imports of U.S. soybeans?
    This increase is largely attributed to efforts to incorporate more U.S. soybeans into Vietnam’s aquaculture sector.

    What position does Vietnam hold in the global soybeans market?
    Vietnam is the third largest buyer of U.S. soybeans in Southeast Asia and is considered one of the most robust markets for soybeans globally.

    What measures have been taken to promote the use of U.S. soybeans in Vietnam?
    Recently, the U.S. Soybean Export Council and the Vietnam Fisheries Association entered into a three-year memorandum of cooperation to promote the use of U.S. soybeans in Vietnamese aquafeed.

  • Vietnam’s Fuel Prices Rebound Amid Global Market Shifts And Geopolitical Strains

    Vietnam’s Fuel Prices Rebound Amid Global Market Shifts And Geopolitical Strains

    After a three-week decline, Vietnam’s petrol prices began to rebound on Thursday afternoon. The nation’s widely used fuel, RON95, experienced a 0.91% increase, bringing it to VND19,900 (US$0.76) per litre.

    Shifts in Fuel Prices

    Alongside the price increase of RON95, Biofuel E5 RON92 also experienced a slight uptick of 0.47%, settling at VND19,220 per litre. Conversely, the price for diesel dropped by 0.97% to VND18,420 per litre.

    Factors Influencing Fuel Prices

    Several factors have influenced the global petroleum market over the past week. One key element was the announcement by OPEC+ of their plan to increase oil production for the month of November. While the increase was lower than initially expected, it still made significant waves in the market.

    In addition to OPEC+’s decision, weakening worldwide demand for oil and ongoing issues in Ukraine both had an impact on fuel prices. Specifically, the continued escalation of attacks on Russia’s energy infrastructure by Ukraine has added instability to the market.

    Global Price Changes

    On a global scale, RON95 saw an increase of 0.9%, bring its price to $79. Diesel prices, however, went in the opposite direction, falling by 1.4% to a price of $86.5.

    Questions & Answers

    What caused the increase in Vietnam’s fuel prices?
    The rise in prices was influenced by several factors including OPEC+’s announcement of increased oil production for November and ongoing geopolitical issues in Ukraine.

    Did all fuel prices in Vietnam increase?
    No, while the prices for RON95 and Biofuel E5 RON92 increased, the price for diesel actually dropped by 0.97% to VND18,420 per litre.

    How did global oil prices change?
    Globally, the price for RON95 increased by 0.9% to $79, whereas diesel prices fell by 1.4% to $86.5.

  • Vietnamese Jewelry Store Fined For Selling Counterfeit Chanel Items Amidst Gold Price Surge

    Vietnamese Jewelry Store Fined For Selling Counterfeit Chanel Items Amidst Gold Price Surge

    In central Vietnam, a gold and jewelry store has been hit with a substantial fine of VND55 million (US$2,088.08) and has been instructed to obliterate its existing stock for engaging in the sale of falsified Chanel brand jewelry.

    Counterfeit Jewelry Seized

    The Market Management Department of Gia Lai Province reported that they recently discovered bracelets with the logo of Chanel, a renowned French fashion brand that has registered for protection in Vietnam, in the store. The provincial authority refrained from revealing the name of the establishment.

    The estimated total value of the seized goods is around VND35.7 million. The authority highlighted that all the seized jewelry items were counterfeit and lacked the requisite documentation to verify the origin.

    Surprise Raid and Future Plans

    These surprising findings resulted from an unexpected raid. In the aftermath of this event, the department has announced plans to maintain strict vigilance and continue inspecting other gold enterprises to prevent any further violations of intellectual property rights.

    Gold Prices Reach Record High

    In a related development, the prices of Vietnamese gold have witnessed a significant surge of 76% this year, reaching an all-time high of VND148 million per tael (equivalent to 37.5 grams or 1.2 ounces).

    Questions & Answers

    What was the penalty imposed on the jewelry store for selling counterfeit Chanel brand jewelry?
    The jewelry store in central Vietnam was fined VND55 million (US$2,088.08) and was ordered to destroy its existing stock.

    What did the Market Management Department of Gia Lai Province discover during their raid?
    During their surprise raid, the Market Management Department of Gia Lai Province discovered counterfeit Chanel brand bracelets being sold in the store.

    What are the future plans of the Market Management Department of Gia Lai Province?
    Following the discovery of counterfeit jewelry, the department plans to continue monitoring gold businesses to prevent any violations of intellectual property rights.

  • Thai Airways Partners With Unilode For Advanced Uld Management: A Leap Towards Operational Excellence And Sustainability

    Thai Airways Partners With Unilode For Advanced Uld Management: A Leap Towards Operational Excellence And Sustainability

    THAI Airways, Thailand’s national airline, has named Unilode Aviation Solutions, a leader in the Unit Load Device (ULD) management, repair, and digital solutions realm, as its provider for comprehensive ULD management services.

    Advancing THAI Airways’ Transformation

    The partnership with Unilode Aviation Solutions signifies a significant stride in THAI Airways’ ongoing evolution, underlining the airline’s commitment to operational excellence, digital innovation, and long-term sustainability throughout its international network.

    After a successful business rehabilitation, THAI Airways is embarking on a new chapter of growth and modernization. The airline’s five-year strategic plan includes a focus on operational excellence, fleet renewal, and digital transformation. It also aims to nearly double its fleet to approximately 150 aircraft by 2033 and expand its market share across essential international markets.

    In collaboration, Unilode will deliver extensive ULD management, maintenance, repair, and digital tracking services across THAI Airways’ international network. This partnership will enhance fleet utilization, decrease operational complexity, and boost reliability for THAI Airways’ passenger and cargo operations.

    Sustainability Goals Alignment

    The alliance with Unilode Aviation Solutions aligns closely with THAI Airways’ sustainability objectives. The pooling of assets across Unilode’s international network results in fewer ULDs required to support operations, thereby diminishing raw material consumption, minimizing waste, and reducing carbon emissions. Unilode’s centralized repair and refurbishment service further prolongs asset lifecycles, promoting circular economy principles and more responsible resource use.

    Unilode’s digital platforms and data-driven insights, leading the market, will offer THAI Airways real-time visibility, improved asset utilization, and enhanced sustainability reporting throughout its operations. Unilode’s Operations Control Centre in Bangkok and a global team of over 800 ULD experts further support the partnership, ensuring local responsiveness and customer success at every interaction.

    Investment and Expansion

    Unilode has made significant investments over recent years, strengthening its infrastructure, expanding its Maintenance, Repair and Overhaul (MRO) footprint, and enhancing its workforce through advanced training, development, and external education programs. These initiatives, coupled with ongoing innovation in digital technology and product development, enable a broader international network and a larger, more flexible pool of assets, yielding higher efficiency, resilience, and service reliability for all airline partners.

    Unilode’s expanding asset base across an increasing number of airports and regions continues to provide tangible benefits to its entire customer network. These benefits include improved operational agility, quicker turnaround times, and greater access to resources and repair capabilities. These investments underscore Unilode’s commitment to long-term growth and customer value creation, reinforcing its position as a global leader in sustainable ULD management.

    As airlines worldwide prioritize sustainability and efficiency, ULD pooling and complete service management are rapidly becoming the industry norm. THAI Airways’ collaboration with Unilode emphasizes its leadership in adopting innovative, environmentally responsible solutions that combine operational excellence with long-term sustainability.

    Expert Opinions

    Ross Marino, Chief Executive Officer at Unilode Aviation Solutions, expressed his delight and pride in becoming THAI Airways’ comprehensive ULD management service provider. He believes that their partnership will yield measurable results, improve efficiency, foster digital transformation, and support THAI Airways’ sustainability goals.

    The Head of Cargo & Mail Commercial at THAI Airways acknowledged the partnership with Unilode as a critical step in their transformation strategy. They believe Unilode’s expertise, global network, and digital solutions will help streamline operations, fortify reliability, and make substantial progress towards sustainability goals.

    Questions & Answers

    What does the partnership between THAI Airways and Unilode Aviation Solutions signify?
    The partnership signifies a significant stride in THAI Airways’ ongoing evolution, reinforcing the airline’s commitment to operational excellence, digital innovation, and long-term sustainability throughout its international network.

    How will Unilode Aviation Solutions assist THAI Airways?
    Unilode will deliver extensive ULD management, maintenance, repair, and digital tracking services across THAI Airways’ international network. This collaboration will enhance fleet utilization, decrease operational complexity, and boost reliability for THAI Airways’ passenger and cargo operations.

    How does this collaboration align with THAI Airways’ sustainability goals?
    By sharing assets across Unilode’s international network, fewer ULDs are required to support operations, thereby diminishing raw material consumption, minimizing waste, and reducing carbon emissions. Unilode’s centralized repair and refurbishment service further prolongs asset lifecycles, promoting circular economy principles and more responsible resource use.

  • Central Pattana Invests $640m In Transformative Northern Bangkok Lifestyle Hub

    Central Pattana Invests $640m In Transformative Northern Bangkok Lifestyle Hub

    Central Pattana, a division of Thailand’s Central Group that specializes in property development, plans to infuse a staggering 21 billion baht (US$640 million) into the creation of an expansive new shopping and lifestyle hub in northern Bangkok.

    The Central Phaholyothin: More than Just a Mall

    The development, dubbed The Central Phaholyothin, will grace the Phaholyothin Road with its vast 457,000 square metre footprint. The complex will be a blend of retail, dining, entertainment, and cultural facilities, incorporating a concert hall and a convention centre tailored to accommodate international events. Furthermore, the prime location of the site will allow for a direct train connection to Don Mueang International Airport.

    Chanavat Uahwatanasakul, the Retail and Development President at Central Pattana, commented on the strategic placement of the development. “We have chosen a prime location that enables us to cater to more than 2.5 million people in northern Bangkok. However, The Central Phaholyothin aims to be more than just a shopping mall; it will be a world-class destination for entertainment, culture, and business.”

    Key Features of The Central Phaholyothin

    The Central Phaholyothin is set to be peppered with several distinctive features, all designed with a view to draw visitors and create a vibrant, energetic space. Some of the key features include:

    – Central Stage: This will serve as a connection between an upper-level international dining area and a ground-level street food zone.
    – Market Hall: A revolving pop-up space envisioned to host food and cultural events.
    – Waterfall Courtyard: An eco-friendly centerpiece featuring an Edible Garden, reflecting the ‘from farm to table’ concept.

    Moreover, other areas will be dedicated to fashion, family lifestyle, and creative arts.

    Nattakit Tangpoonsinthana, the Chief Marketing Officer at Central Pattana, mentioned that the project is designed to redefine northern Bangkok and enhance the city’s status as an international destination. “Through our developments, we have been successful in transforming key districts into significant landmarks. With The Central Phaholyothin, we aim to establish a new cultural and business hub that can rival the likes of global cities such as New York, London, Seoul, and Tokyo.”

    The Central Phaholyothin is expected to be completed by the end of next year.

    Questions & Answers

    What is the aim of The Central Phaholyothin project?
    The project aims to redefine northern Bangkok and enhance the city’s status as an international destination for entertainment, culture, and business.

    What are some of the key features of The Central Phaholyothin?
    Key features include the Central Stage, Market Hall, and Waterfall Courtyard, along with zones dedicated to fashion, family lifestyle, and creative arts.

    When is The Central Phaholyothin expected to be completed?
    The Central Phaholyothin is scheduled for completion by the end of next year.

  • Chinese Giants Alibaba, Jd Extend Singles’ Day Sales Amid Economic Challenges

    Chinese Giants Alibaba, Jd Extend Singles’ Day Sales Amid Economic Challenges

    Chinese retailers are capitalizing on the annual ‘Singles’ Day’ phenomenon by extending the sales event for up to five weeks. The sustained retail strategy is being deployed by industry giants Alibaba and JD as they strive to stimulate consumer interest amidst economic challenges.

    The Chinese economy, which is the second largest in the world, has suffered from weak consumer spending this year. Various factors, including negotiations over trade policies with the US, fierce domestic rivalry, inclement weather, and an ongoing property crisis have worked against the economic growth.

    Alibaba recently unveiled an exceptional investment into the biggest annual sales event during a launch event in Shanghai. The e-commerce behemoth has committed 50 billion yuan (US$7 billion) in subsidies for its highest spending 88VIP members. The extensive sales period began recently and will continue until November 11, which is the traditional Singles’ Day, named after the numerical representation of the date.

    Leveraging AI and Instant Retail

    Alibaba reported that 35 brands, which include globally renowned names like Nike and L’Oreal, as well as local companies Anta and Proya, sold over 100 million yuan worth of products in the first hour of the sale.

    To further stimulate sales, Alibaba has integrated artificial intelligence (AI) into its search and recommendation functions. This AI-enhanced system is predicted to boost click-through rates by approximately 10%.

    Instant retail, defined by the delivery of online orders within an hour, is another focal point for this year’s sales strategy. Both Alibaba and JD have invested billions into subsidies to entice customers towards their rapid delivery channels, which have been growing at a faster rate than e-commerce as a whole.

    Changing Shopping Patterns as Consumers Grow Choosier

    JD initiated its campaign on October 9, aligning with China’s return to work post the eight-day Golden Week holiday. However, consumer spending during Golden Week hit a three-year low, even with growth in holiday travel, which raised some concerns regarding the forthcoming Singles’ Day promotions. Additionally, extended promotions this year may not necessarily encourage consumers to splurge more.

    JD announced during a recent press briefing that it would offer over 100,000 popular products at the lowest prices of the year. Included in the sale are 50,000 pairs of thermal long johns, priced at 2 yuan ($0.30) each which includes the cost of shipping.

    Jacob Cooke, co-founder and CEO of WPIC Marketing + Technologies, posits that products that enhance consumers’ perception of themselves, such as beauty brands, outerwear, and packaged food and drink, are likely to perform well this year. However, home appliances, which enjoyed a sales boom in 2024 due to government subsidies, are projected to see a decline. Analysts from Nomura predict a 20% drop in home appliance sales in the last quarter of the year.

    Questions & Answers

    What is Singles’ Day in China and when is it?
    Singles’ Day is an annual sales event in China that takes place on November 11. It was named after the numerical representation of the date, and it is considered the biggest sales event of the year.

    What strategies are Chinese retailers employing this year to boost sales during Singles’ Day?
    Chinese retailers such as Alibaba and JD are extending the sales period up to five weeks, investing in subsidies, leveraging artificial intelligence for search and recommendation functions, and focusing on instant retail or one-hour delivery of online orders.

    What types of products are expected to be popular during this year’s Singles’ Day sales event?
    Products that help consumers feel good or enhance their perception of themselves like beauty brands, outerwear, and packaged food and drinks are expected to be popular. However, home appliances, which saw high sales in the past due to government subsidies, are expected to decline this year.

  • Giorgio Armani Appoints Veteran Giuseppe Marsocci As Ceo, Preps For Significant Stake Sale

    Giorgio Armani Appoints Veteran Giuseppe Marsocci As Ceo, Preps For Significant Stake Sale

    Italian fashion brand, Giorgio Armani, has announced the appointment of Giuseppe Marsocci as chief executive officer, effective immediately. Marsocci, a veteran with 23 years at Armani, has served as the global chief commercial officer for the past six years. He will now be filling the significant role previously held by the late founder, Giorgio Armani.

    A New Phase for Armani

    Giorgio Armani had been a dominant force within the company he founded 50 years ago. His passing in September has led to a reshuffling of the business structure as the fashion house prepares for its next chapter. Marsocci will be responsible for supervising the proposed sale of a 15% stake in the company. High-calibre corporations like luxury conglomerate LVMH, beauty giant L’Oreal, and eyewear leader EssilorLuxottica, among others of similar stature, have been identified as potential priority buyers as specified in Armani’s will.

    Marsocci’s suitability for the role was endorsed by Pantaleo Dell’Orco, Armani’s partner and men’s design chief, who said, “His international professional experience, in-depth industry and company knowledge, discretion, loyalty, and teamwork, along with his close relationship with Mr Armani in recent years, make Giuseppe the most natural choice to ensure continuity with the path outlined by the founder.”

    Leadership Changes

    Dell’Orco, who has assumed the position of the company’s chairman, has concurrently been appointed to chair the Giorgio Armani Foundation, which holds 30% of the voting rights of the business empire. Dell’Orco already controls 40% of the luxury group’s voting rights.

    The Giorgio Armani Foundation unanimously proposed the appointment of Marsocci, aged 61. Giorgio Armani’s niece, Silvana Armani, who is currently head of women’s style, will also be appointed as vice president.

    Questions & Answers

    Who has been appointed as the new CEO of Giorgio Armani?
    Giuseppe Marsocci has been appointed as the new CEO of Giorgio Armani.

    What are some of the key responsibilities for the new CEO?
    Marsocci will be overseeing the proposed sale of a 15% stake in the company and leading the brand into its next phase of development.

    Who has been appointed as the chairman of the Giorgio Armani Foundation?
    Pantaleo Dell’Orco, Armani’s partner and head of men’s design, has been appointed as the chairman of the Giorgio Armani Foundation.

  • Despite Market Downturn, Diesel And Otb Group Increase Investment In China

    Despite Market Downturn, Diesel And Otb Group Increase Investment In China

    Italian denim icon Diesel and its parent company, OTB Group, are optimistic about the Chinese market and planning to increase their investments, according to founder and chairman Renzo Rosso.

    Investing in a Down Market

    Rosso, who was visiting China to mark Diesel’s 20th anniversary in the market, revealed that he continues to invest in the country despite a downward trend. As part of the strategic move, the company is reevaluating its retail footprint by closing some stores and opening new ones at better locations.

    “I am positive. I think if the market is going like this, it can be an opportunity because we can have a better space available for a better price that wasn’t available before,” Rosso stated. “My vision right now is to invest in the country. I believe in the country; it is so big, so important.”

    Faith in the Chinese Market

    While enjoying dinner with a panoramic view of Shanghai’s famous skyline, Rosso expressed his satisfaction with the company’s performance. “This year, we are doing well compared to the market. Everybody is minus, we are a little plus, so we are quite happy,” he said.

    Despite concerns about a long-term property market crisis and fears over job security and wage growth, China’s consumer demand remains a focal point for global brands. Luxury and high-end sectors particularly rely on Chinese nationals, who account for approximately one-third of global purchases.

    Market Impact

    Rosso’s optimism reflects the importance of China to the luxury market. Recent signs of improving Chinese demand have led to a significant market rally for the sector.

    OTB Group, also known as Only the Brave, houses luxury brand Jil Sander among others. In 2024, the group reported a total turnover of 1.8 billion euros ($2.11 billion), marking a dip of 4.4%.

    Despite postponing plans for a public listing that was originally scheduled for this year until 2026, Rosso doesn’t seem to be in a hurry. “First of all, I don’t need the money, I am cash positive,” he said. “There’s no rush, it can be one year, two years, I don’t care. If I feel good, then yes.”

    Questions & Answers

    Why is OTB Group optimistic about the Chinese market?
    OTB Group sees the current state of the Chinese market as an opportunity to secure better retail spaces at a more affordable price, given the downward market trend.

    What is the significance of the Chinese consumer market to global brands?
    Chinese nationals account for approximately one-third of global purchases, making China’s consumer demand highly crucial for global brands, especially those in the luxury and high-end sectors.

    What are OTB Group’s future plans regarding a public listing?
    Rosso, the founder and chairman of OTB Group, has postponed plans for a public listing and stated that there is no rush. It could happen in one year or two years, depending on when he feels the time is right.

  • Hermes Iconic Menswear Director Nichanian Steps Down Amid Luxury Fashion Industry Shake-up

    Hermes Iconic Menswear Director Nichanian Steps Down Amid Luxury Fashion Industry Shake-up

    Veronique Nichanian, renowned artistic director of men’s fashion at Hermes, is set to leave the brand after a remarkable 37-year tenure. Her departure, officially confirmed by Hermes, comes as part of an industry-wide shake-up, with numerous luxury fashion labels including Chanel and Dior also bringing on board fresh design talent.

    Nichanian has been a cornerstone of Hermes’ menswear division since 1988, designing iconic styles that have left an indelible mark on the label’s identity. Her final fashion show is set to take place in January, marking the end of an era for the French fashion brand.

    This extensive overhaul of creative leadership within the luxury industry comes as upscale labels grapple with a prolonged financial downturn. They are striving to revive interest among their customers, many of whom are facing inflation-related constraints.

    However, Hermes has managed to buck this trend. The iconic luxury brand, famous for its Birkin-bag collection, has seen consistent sales growth, thanks largely to its affluent customer base who remain loyal to the brand’s timeless handbags.

    Questions & Answers

    Who is Veronique Nichanian?
    Veronique Nichanian is a celebrated artistic director who served at Hermes for 37 years, primarily focusing on men’s fashion.

    When will Veronique Nichanian’s last fashion show at Hermes take place?
    Her final fashion show is scheduled to occur in January.

    What is the current situation in the luxury fashion industry?
    The luxury fashion industry is experiencing a major shift in creative leadership amid a prolonged financial downturn. However, Hermes continues to thrive, seeing consistent sales growth.

  • Spanish Retail Giant Mango Suffers Data Breach: Customer Marketing Data Compromised

    Spanish Retail Giant Mango Suffers Data Breach: Customer Marketing Data Compromised

    Mango, a global fashion retail corporation based in Spain, has recently announced a data breach. An external marketing service provider affiliated with the retailer experienced an unauthorized intrusion, compromising customer data.

    Details of the Data Breach

    On October 15, Mango informed its customers via email about the data breach incident. The breach compromised certain customer information used for marketing purposes. This included data such as first names, countries, postal codes, email addresses, and phone numbers.

    The company was quick to reassure customers that the breach did not involve financial information, passwords, or other identification details.

    Mango’s Response to the Breach

    Mango emphasized the continued security of its infrastructure and internal corporate systems. It also confirmed that the company’s operations are continuing uninterrupted.

    Upon learning about the breach, Mango immediately implemented all its security protocols. The company has also reported the issue to the Data Protection Agency and the Authorities, in accordance with current regulations and their internal protocol.

    As a precaution, Mango sent out a notice to its customers about the breach. It advised customers to be vigilant for suspicious emails or phone calls asking for personal information or prompting them to take unusual actions.

    Contacting Mango

    Clients who have any concerns about the breach can reach Mango’s customer service at personaldata@mango.com. Alternatively, they can make a direct phone call to +34 93 860 24 24.

    In closing, Mango expressed regret for the incident. The company conveyed their sincere apologies for any inconvenience caused by the situation.

    Questions & Answers

    What kind of customer data did the breach compromise?
    The breach compromised data used for marketing purposes, including customers’ first names, countries, postal codes, email addresses, and phone numbers.

    Did the breach involve any financial or identification information?
    No, the breach did not involve any financial information, passwords, or other identification details.

    What steps has Mango taken in response to the breach?
    Mango has implemented all its security protocols and reported the issue to the Data Protection Agency and the Authorities. The company has also advised customers to be alert for suspicious emails or phone calls.