Author: Mei Ling Tan

  • Audi recalls 5,000 diesel cars to fix emissions control software

    Audi recalls 5,000 diesel cars to fix emissions control software

    Audi is recalling almost 5,000 cars in Europe for a software fix after discovering they emitted too much nitrogen oxide, the polluting gas that parent Volkswagen  concealed from U.S. regulators in its devastating 2015 “dieselgate” scandal.

    The luxury carmaker said on Thursday it had reported the matter to Germany’s road transport authority KBA, which was concerned about the possible illegal manipulation of emission levels.

    The KBA had no immediate comment.

    Audi said it would update the software of the 4,997 A8 model vehicles with 4.2 litre V8 diesel engines, of which 3,660 are in Germany and were made between September 2013 and August 2017.

    The software updates will likely be available in the first quarter of 2018 after winter testing.

    “Among other things, the update should ensure that after cold starts the engine more quickly reaches optimal operating conditions for the exhaust-gas treatment system so that its emissions are improved in real driving conditions,” it said.

    “During the testing, it will be ensured that the new software has no disadvantages for customers in terms of fuel consumption or performance.”

    Volkswagen was found in 2015 to have illegally manipulated engine software so that vehicles would meet nitrogen oxide (NOx) emissions standards in laboratory testing but not in real-world conditions, where they could emit up to 40 times the permitted levels.

    Several Audi models were affected and Audi has been accused in media reports of having devised the so-called defeat devices years earlier but not to have installed them in its vehicles at that time. Audi and Volkswagen have never commented on the matter.

    Volkswagen’s shares plunged more than 20 percent when the scandal broke. They climbed back to pre-crisis levels for the first time on Thursday.

  • Kerry Logistics receives Listed Enterprises of the Year Award

    Kerry Logistics receives Listed Enterprises of the Year Award

    Kerry Logistics Network Limited was named a winner of the Listed Enterprises of the Year 2017 by Bloomberg Businessweek/Chinese Edition for the second year running in recognition for its outstanding performance. Kerry Logistics is the only logistics company to receive this title.

    Organised by Bloomberg Businessweek/Chinese Edition, the award presentation ceremony was joined and supported by senior representatives of The Chamber of Hong Kong Listed Companies, The Hong Kong Institute of Bankers, The Hong Kong Institute of Chartered Secretaries, and InvestHK. Eighteen winners were selected by an independent panel of judges based on analytics from Bloomberg Terminal and a multitude of criteria in respect of company performance, corporate governance, investor relations, innovative strategies, and community engagement.

    “We are excited to receive this prestigious award for the second year in a row,” said Gary So, deputy managing director of Kerry Logistics.  “The pursuit of excellence and the commitment to offering best-in-class supply chain solutions have always been a promise we squarely adhere to.  We are thankful to the distinguished judges for acknowledging our continuous effort. Going forward, we will continue to further strengthen our unique strategic position as an Asia specialist supported by a global network.”

  • DoCoMo achieves URLLC with outdoor 5G trial

    DoCoMo achieves URLLC with outdoor 5G trial

    Japan’s NTT DoCoMo has claimed two new world first with recent 5G trials, including the first successful outdoor trial of 5G technologies for ultra-reliable low latency communications (URLLC).

    The trial, conducted with Huawei in the 4.5-GHz bands, involved a stationary mobile terminal receiving signals at distances of up to 1km from the base station.

    DoCoMo said the trial achieved an over-the-air latency of less than 1ms with a packet transmission success rate of more than 99.999% – both prerequisites for URLLC under 3GPP and ITU-R standards.

    These standards were achieved at distances of 0.3km to 0.6km from the base station when the terminal was moving at around 25km/h. Both tests achieved actual over-the-air latency of around 0.65ms downlink and 0.57ms uplink.

    Separately, DoCoMo conducted a joint trial with MediaTek involves using a self-developed non-orthogonal multiple access (NOMA) chipset designed to increase the spectral efficiency of mobile devices by up to 2.3 times compared to existing LTE technology.

    This marked the first 5G trial using a smartphone-sized NOMA chipset embedded device to increase spectral efficiency, DoCoMo said. The chipset also used MediaTek’s multi-user interference cancellation technology, a prerequisite for NOMA.

    Finally, DoCoMo also announced it has teamed up with Sony to conduct a joint trial involving real-time transition of HD video over 5G to Sony’s experimental New Concept Cart high-tech vehicle (see the picture below).

  • New opening of MUJI at Siam Discovery

    New opening of MUJI at Siam Discovery

    Mr. Yuki Yamamoto, Director and General Manager, Ryohin Keikaku Co., Ltd.  along with Miss Naratipe Ruttapradid, Senior Executive Vice President Operations Division at Siam Piwat Co., Ltd.  opened the new ‘MUJI’ store at  2nd Floor, Siam Discovery.

    New opening of MUJI at Siam DiscoveryCustomers will get special offer and can buy the special exclusive tote bags  at Bath of 99 only at MUJI, Siam Discovery branch.

  • Vietnam Attends Passerelles numériques Graduation Ceremony

    Vietnam Attends Passerelles numériques Graduation Ceremony

    On October 14th, 2017, Bolloré Logistics Vietnam attended the graduation ceremony of Passerelles numériques (PN) Vietnam students.

    The Passerelles numériques Vietnam NGO program was launched in 2010 in Da Nang, a city identified as a high potential area for Information Technology (IT) sector development. Bolloré Logistics Vietnam is supporting the organization through donations since early 2017.

    Earlier this year in April, nine second-hand computers were provided to Passerelles numériques structure in Danang, after which it was decided to provide seven more prior to the graduation ceremony; as well as 10 keyboards and five computer mice.

    Bolloré Logistics Vietnam believes in social and educational development through Passerelles numériques’ actions and will continue to support students in Vietnam, for them to have a chance to gain a solid general knowledge and a better understanding of the world around them; in order to meet the job market skills requirements.

    Marc Moeschlin, Managing Director of Bolloré Logistics Vietnam, adds “With this very concrete CSR action, we not only contribute to give better IT education chances to these underprivileged students, but we are also eager to increase the pool of future tech-savvy talents in Vietnam; which will support Bolloré Logistics in a broader sense, as our industry is more and more driven by technology, algorithm decision making and digitization.”

  • Sarah Lai opens pop-up at Pacific Place

    Sarah Lai opens pop-up at Pacific Place

    Hong Kong fashion designer/entrepreneur Sarah Lai opened a two-month pop-up store today at Pacific Place, Admiralty.

    It offers her label’s full collections of women’s ready-to-wear, usually sold online.

    Featured is her “Romance Reborn” series with its ruffles and velvet.

    After graduating from Cornell University in 2005, Lai embarked upon a career with financial services firm Morgan Stanley. It was during a summer in London that she rekindled her passion for fashion, and developed a debut collection. She formed her label in 2013.

  • The Garnered comes to ground at Landmark Hong Kong

    The Garnered comes to ground at Landmark Hong Kong

    Online retailer The Garnered, which offers mainly handmade fashion, craft and design products, is showcasing its wares at a pop-up in Landmark in Central.

    In a first for Hong Kong, the London-based venture will have its creations on show until November 12.

    Former Selfridges head of fashion Anna Gardner launched the e-commerce site last year to offer designers a more flexible, supportive platform through which to express their vision and highlight their creative processes.

    Garner started in the fashion industry at the Paris office of American Vogue and Vanity Fair, as an assistant to André Leon Talley. It was the springboard for an international career that has encompassed being head of communications for London retailer Joseph Ettedgui, and fashion director for Henri Bendel.

  • Yang Kee Logistics to buy second major Oceania logistics company for S$52.1 million

    Yang Kee Logistics to buy second major Oceania logistics company for S$52.1 million

    Yang Kee Logistics Pte Ltd has announced that it has entered into a Scheme Implementation Agreement with New Zealand Exchange Mainboard listed company, Fliway Group Ltd. This will be Yang Kee’s second major Oceania acquisition this year with the support of International Enterprise (IE) Singapore.

    The acquisition value of S$52.1 million for 100 per cent of the shares in Fliway would boost the group’s revenue by another S$81.9 million with a stronger foothold in the Oceania market. This announcement comes on the back of its first Oceania acquisition of Australia logistics company Axima Pty Ltd in March this year. The combined Yang Kee group will have a headcount of over 1050 employees across 12 countries, and an expected revenue of over S$400 million once the acquisition is fully completed.

    Under the SIA, it is proposed that Yang Kee acquires all the outstanding shares in Fliway for NZ$1.22 cash per share by way of a scheme of arrangement. The scheme is conditional on the approval of Fliway’s shareholders and the High Court, amongst other things.

    “It is part of our vision to strengthen our presence in Oceania as we go global. New Zealand has a stable currency and economic outlook, a growing middle class, and a demand for integrated freight and logistics solutions. New Zealand also enjoys strong trade relations with Australia, with bilateral trade reaching NZ$24 billion for the year ended March 2017. We hope to yield greater synergies from the network integration of shared international freight volumes between Fliway and Axima and cross selling opportunities in their combined customer bases to Asia,” said Ken Koh, group CEO of Yang Kee Logistics.

    Fliway is one of New Zealand’s largest fully integrated logistics providers. Having over 40 years of operational experience in New Zealand, it has established strong domestic capabilities in transport and warehousing with substantial presence in the electronics and consumer industries.

    Fliway also has an established international division with a freight arm. One of New Zealand’s largest customs brokers, it is consistently ranked amongst the top customs lodgers of entries by volume. This complements Yang Kee’s earlier strategic acquisition of Australian based company, Axima, to facilitate cross Oceania trade between Australia and New Zealand, as well as trade flows between Oceania and Yang Kee’s existing networks in South East Asia and China.

    “This is a significant milestone for Fliway, and reflects our long held view that there are strong growth opportunities that come from leveraging a larger geographic footprint across Oceania and Asia. Being part of the Yang Kee Group delivers on that and provides scale to support Fliway’s customers, both in New Zealand and throughout the Asia Pacific region,” said Duncan Hawkesby, managing director of Fliway Group Ltd.

    IE Singapore partners Yang Kee Logistics in its global growth strategy

    Yang Kee is partnering IE Singapore as it embarks on an acquisition strategy to gain new networks and capabilities to become a global logistics player. IE Singapore worked with Yang Kee to deepen its foothold in these markets and enhance its end-to-end supply chain networks. This included connecting them to business development leads and providing support in feasibility studies, due diligence, financial and legal professional services for the acquisition of both Fliway and Axima.

    Recognising the importance of a robust and global recruitment HR strategy to support its growth, Yang Kee is working with IE Singapore to develop an international manpower strategy to build a global team, with its Singapore headquarters setting the standards and best practices.

    Said Law Chung Ming, group director for Transport & Logistics, IE Singapore, “The combined strengths of Axima and Fliway enhance Yang Kee’s global networks and supply chain capabilities. Furthermore, their logistics solutions will now serve as a resource for other Singapore companies to access the Australia and New Zealand markets. As we work with Yang Kee on its next stage of growth, talent development will be very critical. Specifically, we need to groom talent with specialised logistics skillsets for new business segments, and market ready skillsets for deep understanding of market needs.”

    For example, to help Yang Kee meet its global manpower needs, IE Singapore supported the company in building presence on LinkedIn, working on a digital employer strategy to engage and recruit relevant employees. Yang Kee is also one of the first few companies on board IE’s Professional Conversion Programme (PCP) – South East Asia Ready Talent for logistics, with two candidates taking part in the programme. They will receive on-the-job training and gain exposure to regional logistics projects, building the company’s manpower capabilities in specialised logistics.

    Yang Kee has also worked with SPRING Singapore to develop relevant skills and knowledge among its employees through a career development pathway. With SPRING’s support, Yang Kee also developed new business capabilities such as specialised services for the chemicals and oil & gas sectors with the launch of its Chemical Logistics Hub, enabling it to secure contracts with large global chemical clients.

    Financing of the acquisition

    The acquisition of Fliway was financed by the Australia and New Zealand Banking Group Limited as well as United Orient Capital, a special situation fund sponsored by the United Overseas Bank Limited.

    Yeo Wee Yap, executive director of United Orient Capital said, “Yang Kee’s experienced management team has helped the group successfully broaden its footprint across the region. We are pleased to support Yang Kee’s internationalisation plan and we look forward to working closely with the group as it embarks on the next phase of growth with its expansion into New Zealand.”

    ANZ is the sole mandated lead arranger, underwriter and bookrunner for Yang Kee’s acquisition of Fliway, as well as the earlier acquisition of Axima.

    Chief executive officer Singapore and head of South East Asia, India and Middle East, ANZ, David Green said, “We are pleased to lead the financing for Yang Kee’s acquisition of Fliway, building on the success of their recent acquisition of Axima which we also supported as lead arranger. We have a strong partnership with Yang Kee and are proud to play a role in supporting their growth strategy alongside important partners like IE Singapore, drawing on our cross-border product capability, transport and logistics sector insights and network across Asia, Australia and New Zealand.”

  • Maison Trudon plans a brand new Hong Kong flagship

    Maison Trudon plans a brand new Hong Kong flagship

    Maison Trudon, a luxury French candle maker and retailer with a 374 year heritage, launched its first luxury perfume range in Hong Kong yesterday – and revealed plans for a flagship store in the city.

    The company has more than 700 retail sales points worldwide, including five flagships operated by itself or local distributors in Paris, London, New York City and – the most recently opened – Seoul.

    “The luxury is we are a small company, family owned. We can take time to do things and nowadays time is a luxury. (The company has just eight head office staff and 25 factory employees).

    “Asia is growing for us. Europe is a mature market for us – I wouldn’t say we have reached our limit there, but it is now getting to the top of what we can have in terms of stores.”

    But selling candles in Asia is not easy, she said, because not a lot of Asians buy them, “except around death, which is a challenge”.

    “A lot of our customers buy candles for a gift and they just sit on a shelf and are never burnt. That’s a problem for us because if they are not burned there is no repeat sale.”

    The company is already scouting for sites in Hong Kong. While two retail neighbourhoods have been selected as potential sites for the Hong Kong flagship, the company is reluctant to commit because there are many vacancies in both areas.

    “We are concerned about our neighbours. We don’t want to open a store and then after six months have a neighbour move in who doesn’t fit with our brand positioning,” Herreria said.

    For now, Maison Trudon is stocked in Hong Kong by Lane Crawford and Joyce department stores, along with some specialty stores, including Shhh on Hollywood Road, Central.

    The company has a total offer of around 150 candle products representing 29 scents. Prices range from HK$109 (€12) for a box of six table candles through to HK$3600 (€400) for a giant 3kg centrepiece. The top-selling product is a 270gm candle selling for about HK$640 (€70).

    The brand was founded in France in 1643 and in its early years supplied royal family members prior to the French Revolution. To have survived so long is astonishing when one considers it originated as a candle maker to provide light. Its point of difference back then was its composition of beeswax which burned clean and bright, unlike cheaper animal fat-based candles which stank when burned and emitted black smoke. But with a Trudon candle costing the equivalent of an average day’s pay back then, its customer base was limited.

    After the revolution, when having previously been associated with the royal family was something of a disadvantage, the company was allowed to continue in business, due to its public service outweighing any perception of luxury.

    Then came the advent of gas and later electricity, meaning candles were no longer an efficient source of light for home or office. It could have spelt the end, but instead Maison Trudon shifted its focus back to premium scented products, working with perfumeries to achieve memorable, lasting scents.

    In subsequent years, the company’s ownership passed through five different families, but it always remained privately owned.

    Perfume expansion

    The new five-piece Maison Trudon perfume collection was soft-launched in department stores Bon Marche in France, Harvey Nichols in London and Barneys in New York City, last August, along with the company’s own stores. It waited until after Fashion Week to launch in Hong Kong.

    Making its foray into perfumes after 374 years in candles, the company realised it needed to launch with more than one variant.

    “We realised that if we had three or five perfumes our displays would be bigger and more visible,” said Herreria.

    The company worked with two perfume designers, Antoine Lee and Lyn Harris for three years before the range was complete. The scents are considered niche, decidedly genderless and  bold and brave. Each has a story. For one, Bruma, Lee was blindfolded and led into a Paris museum after closing time and assisted into a relaxed, meditative state by a therapist.

    He describes the experience as his “best brief ever” as a perfume creator. The result, in his words: “A noble figure leaves the comfort of her rooms on horseback at night to discover a part of herself in another, nearly super- natural place. Her appearance is evoked by the notes that transcribe her femininity as well as her elevated rank. The rider crosses a clearing, passing from the half-dark into the nocturnal light, shrouded in mystery, enigma and a distinguished sensuality that is almost animal-like. Her beauty is suddenly revealed by a spiritual energy.”

    Another of the perfumes, Revolution, by Harris, has a deliberately strong ‘smoky’ scent.

    “Revolution captures a moment in history, a period when smells were raw and prevailed everywhere,” explains Harris. “History is alive in this composition where smoke, wood, leather and incense reign. Yet modern elements in the formula let the scent breathe. A form of harmony is born out of these contrasting notes, leaving an elegant, clean, smoky wood-scented backdrop that remains on the skin.”

    Each 100ml glass bottle of perfume will retail for about HK$1900.

  • Lancome Travel Retail pushes digital presence online

    Lancome Travel Retail pushes digital presence online

    Lancome Travel Retail Asia Pacific has launched a “Declaring Happiness” campaign aimed at strengthening its digital presence, with a focus on Hong Kong, Singapore, China and Korea.

    Celebrities and beauty opinion leaders are involved in the French luxury beauty brand’s  promotion, which converges offline and online retail experiences with the hope of engaging consumers.

    An event in the first 2020 concept store for Lancome Travel Retail Asia Pacific, at Lotte Hotel in Seoul, kicked off the initiative. Korean actress Kim Go-Eun was a special guest. The event was the company’s first venture into live streaming, with guests including 11 social-media influencers from China. They provided live coverage through Weibo of both the concept store event and the following cocktail party.

    Then the campaign moved to Singapore, with a Lancome Holiday Wonders pop-up store at Changi Airport, which is open until November 10. An exclusive at the pop-up is the Lancome Travel Retail Worldwide virtual mirror, which enables shoppers to try different makeup looks via a virtual makeover. Other attractions are a photo booth and a touchscreen game.

    Customers buying certain items at the store are offered a complimentary engraving service for the Lancome x Singapore luggage tag, an exclusive holiday collectible.

    The next stop will be at Haitang Bay in China this month, with the brand journey ending in Hong Kong next month.

    “We hope to continue creating moments of happiness for women by exploring different consumer-centric innovations at our events that allow us to foster a deeper connection and engagement with our customers,” says Lancome Travel Retail Asia Pacific GM Tao Zhang.

  • Double opening for Lotte Duty Free

    Double opening for Lotte Duty Free

    Following a soft opening in May, Lotte Duty Free has expanded its presence at Da Nang International Airport in Vietnam, with an official opening today.

    As the first Korean travel retailer to tap Vietnam, Lotte now has two stores at the airport, one of 974sqm and the other 117sqm. The opening was timed so the stores are trading before the 24th APEC Summit in Da Nang, which starts on Monday.

    Trading as Phu Khanh Duty Free, the main store had its soft opening in the new terminal in May as a JV between Lotte Duty Free (60 per cent) and a local partner, Phu Khanh Duty Free Trading Company. The store offers 115 brands, including 14 Korean labels, across such categories as tobacco, cosmetics, watches, accessories, eyewear and toys.

    Lotte Duty Free CEO Jang Sun-wook says Vietnam is expected to become a bridgehead for the company in Southeast Asia as a new market with soaring foreign tourism.

    He says the company is also considering opening an extra store in downtown Da Nang.

    Already the company is projecting sales of more than KW30 billion (US26.7 million) in the airport stores’ first full year of trading, and says it is seeking other travel-retail opportunities in Vietnam including Hanoi, Ho Chi Minh City and Nha Trang.

    Da Nang is expecting foreign tourist numbers to grow by 30 per cent this year to 2.1 million, the company says.

  • McDonald’s Singapore is turning Japanese

    McDonald’s Singapore is turning Japanese

    McDonald’s Singapore is turning Japanese, launching a Ninja Burger and reviving its Samurai Burger. To promote the two offerings, it has launched an “Honour Your Appetite” marketing campaign.

    Senior director of marketing, menu and digital innovation Agatha Yap says the Ninja Burger expands the brand’s variety of Japan-inspired promotional flavours, which kicked off with the Samurai Burger for a short while only in the late 1990s.

    To promote the return of the Samurai Burger, McDonald’s released a commercial featuring a fight between two samurais in a forest.

    Meanwhile, McDonald’s Singapore has started using UberEats so customers can order home delivery, which MD Kenneth Chan says will complement the fast-food chain’s 24-hour McDelivery platform.

  • Terminal 4 brings new retail brands to Changi Airport

    Terminal 4 brings new retail brands to Changi Airport

    Changi Airport retail has received a boost, with some 20 new retail brands making their debut at the new Terminal 4 (T4) which opened yesterday.

    The retail mix at the terminal, which was five years in the making, spans 81 shops, 62 of them retail and service outlets and 19 food and beverage operators. About a quarter of them are making their Changi Airport retail debut.

    Centrestage are integrated cosmetics and perfumes and liquor and tobacco stores operated by The Shilla Duty Free and DFS respectively. In a first for the airport, shoppers are able to pay for all their purchases from the two stores in a single transaction.

    In the departure transit area, there are several “double volume retail outlets” with frontages spanning up to 11 metres high.

    One of the main retail attractions at T4 is the Heritage Zone, with its facades of old Singapore shop houses, as well as the row of F&B outlets exuding nostalgia through their local delights and old-school furnishings. They serve up traditional Singaporean breakfast and snack items such as kaya toast, mee siam and kopi. At Live Prata Station, Indian roti is prepared right in front of customers.

    “We have received very encouraging feedback from passengers that the offerings curated for T4 are refreshing and bring a new dimension to shopping and dining at Changi Airport,” said Teo Chew Hoon, CAG’s group senior VP for airside concessions.

    “Our commercial team has paid attention to bringing in innovative concepts and new experiences for passengers spanning a range of categories, from the live cooking stations for prata and BBQ pork, to the sampling of cocktail mixes and the test-flying of drones. We will continue to work with our tenant partners to create a fun, vibrant and positively surprising experience for passengers and visitors at T4,” she said.

    On its first day of operations yesterday, following extensive testing, the terminal handled 19 arrivals and departures, carrying about 4200 passengers. Cathay Pacific and Korean Air are the first two of nine airlines scheduled to use the new facility.

    Tan Lye Teck, Changi Airport Group’s executive VP for airport management said the new terminal will increase Changi Airport’s capacity by 16 million passenger movements per annum, taking the total capacity to 82 million.

    Japanese theme

    Meanwhile, Changi Airport retail welcomed a Japanese Farmers Market to Terminal 3 last month, along with other retailers.

    Located in the Departure Hall, the market sells an extensive range of produce including Wagyu beef cuts, fruits, and bento boxes imported from Japan.

    Across from the Farmers Market, Kalms’ automated retail machines offer a range of gifts such as flower bouquets, soft toys and jewellery.

    And in the public area of T3, local beverage store LiHo opened its first airport outlet last month.

    In Terminal 1’s transit area, Michael Kors opened its second Changi Airport store.

  • Thailand’s Pomelo raises extra $19 million capital

    Thailand’s Pomelo raises extra $19 million capital

    Thai online fast-fashion retailer Pomelo has raised an extra US$19 million in a series-B funding round.

    Led by China’s JD.com and Provident Capital Partners, joined by Lombard Investments, it was the largest series-B round by a company based in Thailand.

    Pomelo says it aims to use the cash injection to accelerate global growth.

    A year ago Pomelo raised a follow-on funding round, taking its total series-A funding to $11 million, an investment led by Singapore-based Jungle Ventures.

    Altogether, the three-year-old company has raised $32 million from investors globally.

    “We look forward to continuing the mission of building the first global fast-fashion brand out of Southeast Asia,” says Pomelo CEO David Jou.

  • Fair Work terminates Domino’s Pizza worker agreements

    Fair Work terminates Domino’s Pizza worker agreements

    Shares in Domino’s Pizza have dropped sharply after the Fair Work Commission terminated deals with workers under which they were paid less than minimum award rates.

    The ruling by the Fair Work Commission to terminate 27 expired, existing enterprise agreements by January 24 could add significantly to Domino’s labour costs.

    Domino’s shares dropped $1.36, or 2.9 per cent, to $45.23.

    The company in August forecast a 20 per cent rise in annual profit in 2017/18, its weakest pace in four years, due to the impact of higher wages and slowing sales growth.

    The Shop, Distributive and Allied Employees Association (SDA) said it had long held concerns about the pay and conditions of Domino’s workers, especially Sunday penalty rates.

    Domino’s said it had not opposed the termination of the enterprise agreements, and had requested and been granted time to transition to a new agreement that is currently being negotiated.

    “Negotiations with the relevant parties for a new EBA are well advanced, and the intention is for it to take effect before the termination of the existing EBAs,” Domino’s said in a statement yesterday.

    Over the past 18 months, Domino’s has already increased our team members’ take-home pay in good faith in anticipation of the new EBA.

    “Domino’s will communicate the Commission’s decision to its franchisee network today, so that employees continue to receive their correct entitlements in this transitional period and beyond.”

    The new enterprise agreement will apply to more than 20,000 employees in 660 Domino’s stores across Australia, and the company intends for it to take effect before the termination of the existing agreements.

    “Over the past 18 months, Domino’s has already increased our team members’ take-home pay in good faith in anticipation of the new EBA,” Domino’s said in a statement.

    The company has been auditing its franchise stores for three years and recovered $5.4 million worth of unpaid wages and superannuation since 2014.

    The Retail and Fast Food Workers Union said the Fair Work decision will return tens of millions of dollars to Domino’s workers every year.

    According to the union’s analysis, an average casual delivery driver working 10 hours per week was being underpaid by more than $2,000 per year under the old agreements.