Retail News CRM

Author: Mei Ling Tan

  • Kodak Apparel Captures Hong Kong Market with First Pop-Up Store, Celebrating Legacy with Film-Inspired Fashion

    Kodak Apparel Captures Hong Kong Market with First Pop-Up Store, Celebrating Legacy with Film-Inspired Fashion

    Kodak Apparel, a fashion brand licensed by Eastman Kodak and based in South Korea, has expanded its retail presence with the launch of a pop-up store in Kai Tak’s Airside, Hong Kong. This event marks the brand’s first physical entry into the Hong Kong market.

    Product Offerings

    The pop-up store features an array of Kodak Apparel’s licensed merchandise. The range includes various apparel and accessory items such as jackets, t-shirts, knit caps, backpacks, and socks. The products prominently display Kodak’s heritage, using film-inspired branding and the company’s distinctive red-and-yellow colour scheme.

    Unique Store Features

    In addition to its product offerings, the Hong Kong pop-up store pays homage to Kodak’s deep-rooted history in photography. This is evident in the themed photo booth installations found within the store. Additionally, an exclusive t-shirt, bearing the words “Kodak Hong Kong” accompanied by the slogan “You press the button, we do the rest” is on offer to customers.

    Brand Expansion

    Since its inception in South Korea in 2020, Kodak Apparel has experienced a rapid surge in growth within its home market. It operates over 100 brick-and-mortar stores, including concession stands in major department stores. The brand’s expansion into Hong Kong follows earlier forays into the Japanese and Taiwanese markets. These developments align with Kodak Apparel’s wider strategy of strengthening its fashion footprint across various Asian markets.

    Questions & Answers

    When was Kodak Apparel Launched?
    Kodak Apparel was launched in South Korea in the year 2020.

    What kind of merchandise does Kodak Apparel offer?
    Kodak Apparel offers a range of apparel and accessories, which includes jackets, t-shirts, knit caps, backpacks, and socks.

    What is the significance of the pop-up store in Hong Kong?
    The pop-up store in Hong Kong marks Kodak Apparel’s first physical retail presence in the Hong Kong market.

  • Yamamoto Hamburg: Japanese Hamburger Chain Set To Debut In Hong Kong This Month

    Yamamoto Hamburg: Japanese Hamburger Chain Set To Debut In Hong Kong This Month

    Yamamoto Hamburg, a Japanese company renowned for its handmade hamburger patties, is set to establish a new outlet in Hong Kong next month. The location of this new establishment will be PopCorn in Tseung Kwan O, marking Yamamoto Hamburg’s first venture in the Hong Kong market.

    Brand’s Second International Expansion

    This move constitutes the brand’s second foray outside its homeland Japan, with the first expansion taking place in Taiwan. The Hong Kong venture also complements Yamamoto Hamburg’s sister brand, Hikiniku to Come, which made its Hong Kong debut in 2024.

    The Hong Kong flagship location, which spans 1700 square feet, will accommodate over 60 guests. The decor is centered around the brand’s friendly, communal ethos, with natural wood finishes, gentle lighting, and relaxed seating arrangements to facilitate casual, family-friendly dining.

    A Culinary Legacy Spanning Two Decades

    Yamamoto Hamburg was established in 2005 by Shohei Yamamoto. The brand primarily deals in handmade hamburger patties, crafted from Australian Black Angus beef and Spanish pork, establishing it as a relaxed, family-focused dining option.

    Yamamoto expressed his delight at the expansion, stating, “Since our inception in Tokyo twenty years ago, my aim has been to spread the pleasure of Japanese handmade hamburg – prepared with safe, reliable ingredients imbued with the warmth of home cooking – to the world. I am therefore thrilled to bring my first hamburger brand, Yamamoto Hamburg, to Hong Kong.”

    Yamamoto Hamburg aims to provide an authentic daily feast revolving around family and the comforting essence of Japanese dining, as Yamamoto recalled the meals his mother used to prepare.

    Questions & Answers

    When was Yamamoto Hamburg established?
    Yamamoto Hamburg was founded in 2005 by Shohei Yamamoto.

    What does Yamamoto Hamburg specialize in?
    Yamamoto Hamburg specializes in handmade hamburger patties using Australian Black Angus beef and Spanish pork.

    Where is the brand’s new outlet to be located in Hong Kong?
    The new outlet of Yamamoto Hamburg is slated to open in PopCorn, Tseung Kwan O.

  • Waning Dollar Takes a Dive Against Vietnamese Dong Amid Global Currency Shifts

    Waning Dollar Takes a Dive Against Vietnamese Dong Amid Global Currency Shifts

    The US dollar experienced a dip in value against the Vietnamese dong on Monday, hovering around a four-month low in comparison to major currencies. Vietcombank listed a slight decrease of 0.05% over the weekend in the exchange rate of the US dollar, trading at VND26,368. The black market, on the other hand, observed a marginal increase of 0.12%, with the dollar being exchanged approximately around VND26,447.

    Global Currency Market Scenario

    The currency market worldwide witnessed the yen gaining strength on Monday, which subsequently led to a lower valuation of the dollar across various markets. This development has emerged amidst speculations over potential risks of the first joint US-Japan currency intervention in 15 years, which has kept investors on their toes.

    The US dollar index, a tool for measuring the strength of the US dollar against six major currencies, saw a decline of 0.1%, bringing it dangerously close to a four-month low, at 97.082.

    The yen appreciated as much as 1.2%, reaching 153.89 per dollar, its highest value since November. Concurrently, the euro also made strides, hitting a four-month high of $1.1898 and later settling at an increase of 0.4% at $1.18665.

    Other Currency Movements

    In addition to these movements, the British pound sterling also saw a slight increase of 0.1% to reach $1.36615. Meanwhile, the Australian dollar and the New Zealand dollar appreciated by 0.3% and 0.2% to touch $0.69165 and $0.59605 respectively.

    According to Marc Chandler, chief market strategist at Bannockburn Capital Markets in New York, the dollar was already vulnerable to fluctuations. However, the increase in the yen’s value served as the catalyst for market-wide selling of the dollar.

    Questions & Answers

    What was the exchange rate of the US dollar in Vietcombank and the black market?
    The US dollar was traded at VND26,368 in Vietcombank, marking a 0.05% decrease. Conversely, on the black market, it saw a 0.12% increase, being traded around VND26,447.

    What triggered the market-wide selling of the US dollar?
    The primary trigger for the market-wide selling of the US dollar was the rising strength of the yen, according to Marc Chandler, chief market strategist at Bannockburn Capital Markets in New York.

    What changes did other major currencies witness?
    The yen rose by 1.2% to 153.89 per dollar, the euro increased by 0.4% to $1.18665, the British pound sterling increased by 0.1% to $1.36615, the Australian dollar increased by 0.3% to $0.69165, and the New Zealand dollar increased by 0.2% to $0.59605.

  • APAC SMEs Prioritize Sustainability: FedEx Study Reveals Green Business Imperative in Supply Chain

    APAC SMEs Prioritize Sustainability: FedEx Study Reveals Green Business Imperative in Supply Chain

    FedEx, a leading global express transportation company, has recently disclosed significant insights from its Asia Pacific (APAC) research. The study examines consumer and business perspectives on sustainability and international trade, spotlighting key areas of interest for businesses throughout the region.

    APAC Businesses Show High Environmental Awareness

    The study reveals that majority (80%) of the region’s small and medium-sized enterprises (SMEs) take into account environmental issues when carrying out trade activities with Europe. This showcases how sustainability is progressively playing a more significant role in logistics-based decisions. SMEs from Southeast Asian markets, including over 55% of those in Malaysia and Indonesia, are at the forefront of this trend, with a keen focus on sustainable supply chain alternatives. This demonstrates an escalating awareness and proactive approach towards environmental concerns among regional businesses and consumers.

    Consumer Influence on Business Sustainability

    According to the study, consumers are the primary force behind the demand for eco-friendly business practices. 84% of APAC consumers are encouraging businesses to establish environmentally conscious e-commerce alternatives. Environmental responsibility is increasingly becoming a key differentiator that is impacting purchasing choices.

    The study shows that 81% of APAC consumers show a preference for companies that visibly integrate sustainability into their operations, as opposed to competitors providing similar products without clear sustainable practices. While product authenticity and competitive pricing remain crucial for e-commerce consumers, nearly 40% are willing to pay higher prices for products with sustainable packaging. As environmental consciousness increases, businesses are responding accordingly, recognizing that sustainable practices are vital for maintaining competitiveness in the digital marketplace. This consumer-driven environmental focus could directly influence business profitability.

    Salil Chari, the regional president for Asia Pacific at FedEx, commented, “Sustainability is transitioning from being merely a compliance requirement to being a critical element for growth, resilience, and differentiation in global commerce. At FedEx, we are dedicated to supporting this transition by aiming to achieve carbon-neutral operations globally by 2040.”

    Innovative Steps Towards Sustainable Logistics

    FedEx is responding to the growing demand for sustainable logistics by investing in advanced technologies and infrastructure that not only reduce environmental impact but also enhance operational efficiency.

    An illustration of this innovative approach is FedEx’s AI-powered Stops Sequencing tool, which intelligently organizes delivery routes in real-time based on package volume and customer requirements. By minimizing unnecessary mileage, this tool has the potential to lower carbon emissions and improve operational efficiency.

    Moreover, FedEx offers customers the transparency needed to make informed decisions about sustainability. FedEx® Sustainability Insights, a cloud-based platform, provides improved transparency into environmental impact. Using up-to-the-minute FedEx network data, the platform estimates CO2e emissions for individual tracking numbers and entire FedEx shipping accounts.

    In addition to these efforts, FedEx has started using sustainable aviation fuel (SAF) at Chicago O’Hare and Miami International Airports. This is another step towards reducing aviation-related emissions within its global air network. In urban delivery, FedEx is going electric. Electric vehicles have been deployed across several APAC markets and account for over 20% of the company’s delivery fleet in China. In Taiwan, electric tricycles have been introduced to navigate dense urban environments more efficiently, resulting in lower emissions and improved delivery efficiency.

    As international trade evolves, FedEx maintains its commitment to providing faster, smarter, and more sustainable shipping solutions. These solutions will not only enable customers to succeed but also contribute to a more sustainable future.

    Questions & Answers

    What percentage of APAC SMEs consider environmental issues in their trade activities with Europe?
    Around 80% of APAC SMEs take environmental issues into account when trading with Europe.

    What proportion of APAC consumers are willing to pay premium prices for sustainable packaging?
    Nearly 40% of APAC consumers are ready to pay higher prices for sustainable packaging.

    What is FedEx’s goal for carbon-neutral operations?
    FedEx aims to achieve carbon-neutral operations globally by 2040.

  • Record-Breaking Silver Prices in Vietnam Surge Amid Global Safe-Haven Demand

    Record-Breaking Silver Prices in Vietnam Surge Amid Global Safe-Haven Demand

    On Monday morning, silver prices in Vietnam hit an all-time high as global demand for safe-haven assets surged. The price of Phu Quy silver jumped 6% to VND4.24 million (US$162) per tael, equivalent to VND112.8 million per kilogram.

    Silver Prices Surge in Vietnam

    Since the start of the year, the cost of this white metal in Vietnam has seen an increase of 35%. This rise parallels a global trend, where the price of spot silver increased by 4.57% to $107.65 per ounce. This sharp increase comes after it hit an unprecedented high of $108.60 per ounce. The escalation can be attributed to investors seeking refuge in safe-haven assets due to escalating geopolitical uncertainties.

    Silver Crosses the $100 Mark

    On Friday, silver prices exceeded the $100 mark for the first time ever. This rise builds on last year’s significant increase of 147%. The astounding growth is a result of an influx of retail investors and momentum-driven purchases, exacerbating a longstanding period of scarcity in the physical markets for silver.

    Questions & Answers

    What is a safe-haven asset?
    A safe-haven asset is a type of investment that is expected to hold or increase its value during market turbulence. These assets are typically sought after by investors to limit their exposure to losses during market downturns.

    What caused the surge in silver prices in Vietnam?
    The surge in silver prices in Vietnam can be attributed to an increase in global demand for safe-haven assets, as well as geopolitical uncertainties.

    What factors contributed to silver prices crossing the $100 mark?
    The surge beyond the $100 mark was driven by an influx of retail investors and momentum-driven purchases, which intensified an already present scarcity in the physical markets for silver.

  • Breguet Breaks New Ground with First Luxury Watch Boutique in Thailand

    Breguet Breaks New Ground with First Luxury Watch Boutique in Thailand

    Swiss high-end watch manufacturer, Montres Breguet, has made its debut in Thailand with the launch of a boutique at IconSiam in Bangkok.

    Store Design

    The newly minted boutique showcases a unique design aesthetic, incorporating luxurious elements such as American walnut wood and marble finishes. The core architectural concept revolves around smooth, flowing lines. This is evident in the guilloché-inspired patterns on the carpets and the furniture edges, which reflect the shape of the watch cases. Additionally, the boutique is adorned with the brand’s distinctive ‘Breguet Blue’ hue.

    Customer Experience

    Montres Breguet has placed a particular emphasis on customer service within the boutique. The space includes private service areas, as well as a dedicated consultation zone. These areas are designed to create a unique, personalized customer journey through the store.

    Breguet’s Collections

    The Bangkok boutique features a selection of timepieces from Breguet’s renowned collections. Displayed prominently is the Breguet Experimentale No 1, marking the first offering in the brand’s new Experimentale collection. This watch, a product of Breguet’s research and development team, is characterized by a high-frequency tourbillon that operates at 10 hertz, ensuring impeccable timekeeping precision.

    In addition to this new collection, the boutique also offers timepieces from Breguet’s staple ranges. These include the Classique, Marine, Tradition, and Type XX collections. Notably, the Type XX watch is a mechanical chronograph originally designed by Abraham-Louis Breguet himself for the French Air Force.

    Questions & Answers

    What design elements characterize the Montres Breguet boutique in Bangkok?
    American walnut wood, marble finishes, guilloché-inspired carpet patterns, and the brand’s signature Breguet Blue color are all design elements that characterize the new boutique.

    What special features does the Breguet Experimentale No 1 watch have?
    The Breguet Experimentale No 1 watch features a high-frequency tourbillon operating at 10 hertz, ensuring outstanding timekeeping precision.

    Which collections from Montres Breguet are available at the new boutique?
    The newly opened boutique in Bangkok features timepieces from the brand’s core collections, including the Classique, Marine, Tradition, and Type XX collections.

  • Anta Sports Clinches $1.8 Billion Puma Stake, Emerges as Largest Shareholder in German Sports Giant

    Anta Sports Clinches $1.8 Billion Puma Stake, Emerges as Largest Shareholder in German Sports Giant

    Anta Sports Products, a leading sports company based in China, announced on Tuesday that it plans to acquire a 29.06 percent share in Puma from the Pinault family. The deal, worth 1.5 billion euros (approximately US$1.8 billion), will make Anta the largest shareholder in the German sports apparel manufacturer.

    In the agreement, which was outlined in a stock exchange filing, Anta will pay 35 euros per share in cash for 43 million Puma shares. This represents a considerable 62 percent premium on Puma’s closing share price of 21.63 euros on Monday. Following this announcement, Anta’s shares saw an early trading increase of 3.4 percent on Tuesday.

    The Strategic Sale

    This strategic move comes at a time when Puma is striving to regain its market position after losing ground to rivals Nike and Adidas. The brand is also currently dealing with increasing competition from rapidly expanding brands such as New Balance and Hoka.

    Anta expressed its confidence in Puma’s potential to enhance its global competitiveness and brand awareness with Anta as its primary investor. It was also stated that, upon finalizing the deal, Anta would pursue seats on Puma’s board.

    “Puma’s global business footprint and focused positioning in sports categories are highly complementary to our existing multi-brand and specialized business,” Anta expressed in a public statement.

    Expanding Market Reach

    The acquisition is likely to boost Puma’s sales in the highly profitable mainland Chinese market, while also promoting Anta’s multi-brand strategy. Anta has a successful history of acquiring and revitalizing Western sports and lifestyle brands. In 2019, for instance, Anta led a consortium to purchase Amer Sports, a company that owns brands such as racquet manufacturer Wilson and mountain sports specialist Salomon.

    The transaction follows a challenging period for Puma, as the company strives to boost sales and investor confidence under new CEO, Arthur Hoeld. In an effort to ignite a company turnaround, Puma announced in October that it would increase discounts, enhance marketing, and reduce its product range. This strategic shift also includes the reduction of 900 jobs.

    Previously, Artemis, headed by Francois-Henri Pinault, the chairman of luxury group Kering, characterized its Puma stake as non-strategic. The Pinault family received the holding from Kering in 2018 when the group refocused its operations exclusively on luxury goods.

    Puma has been grappling with weakened demand and lackluster sneaker launches, such as the Speedcat. Hoeld, who took the helm last year, has proposed a turnaround strategy focused on “brand heat,” performance products, and cost discipline.

    The deal is still conditional on antitrust clearances, shareholder approval at Anta, and regulatory approvals in China and other jurisdictions. Anta plans to organize an extraordinary general meeting, with the deal’s closure expected following the fulfillment of these conditions.

    Questions & Answers

    What percentage share in Puma does Anta Sports Products plan to acquire?
    Anta Sports Products is planning to acquire a 29.06 percent share in Puma.

    How does Anta Sports Products plan to pay for the Puma shares?
    Anta will pay 35 euros per share in cash for 43 million Puma shares.

    What is the expected impact of this acquisition on Puma’s sales?
    The acquisition is expected to increase Puma’s sales in the profitable mainland Chinese market.

  • Emirates SkyCargo Expands into Belgium, Adds Liege to Global Freighter Network Amid Rising Cargo Demand

    Emirates SkyCargo Expands into Belgium, Adds Liege to Global Freighter Network Amid Rising Cargo Demand

    Emirates SkyCargo, renowned for being the freight division of the largest international airline worldwide, has recently announced that Liege, Belgium (LGG) is the newest addition to its freighter network. A considerable enlargement of their network is planned throughout the next year, with Liege being the inaugural freighter destination for 2026.

    Strategic Location

    Liege Airport is strategically located within the Amsterdam-Paris-Frankfurt production ‘golden triangle’. Its prime location, combined with unmatched road connectivity, makes it one of the rapidly expanding cargo hubs globally. In 2025, the airport saw a 14% increase in cargo volumes. Over the past years, Emirates SkyCargo has utilized Liege Airport for sporadic freighters, transporting specialized items such as freshly cut flowers, e-commerce packages, and specific charters for horses headed for global competitions. With the continuing demand, the airline will now deploy five weekly freighters, enhancing cargo capacity by 500 tonnes each week to facilitate quick, reliable, and efficient movement of goods.

    Expanded Connections

    Among the five weekly freighters, three will provide connections between Liege, Chicago’s O’Hare International Airport, and Al Maktoum International Airport in Dubai. These connections will ensure the safe transportation of crucial, temperature-sensitive pharmaceutical products through a seamless and efficient cool chain. The remaining two freighters will commence in Hong Kong and transport e-commerce shipments to and via Liege.

    Khawla Abdulla, Vice President of Cargo Commercial for Europe, Emirates SkyCargo, highlights that establishing Liege as a permanent fixture in their freighter network is a strategic decision that enhances their European footprint and offers more connectivity for their global customers. She estimates considerable growth with the deployment of the five weekly freighters, considering the successful transportation of over 15,000 tonnes of cargo from Belgium in 2025. The high-quality infrastructure, freighter-first operations, and well-connected logistics at Liege Airport further support their aim to provide high-level service to Belgium and its neighboring countries.

    Torsten Wefers, Vice President Sales and Marketing, Liege Airport, expressed his honor at Emirates Sky Cargo’s decision to include Liege Airport in their global freighter network. He views this development as a testament to Liege Airport’s rising importance in the European air cargo industry and further strengthens its position as the largest European freighter hub.

    Continued Expansion

    Europe remains a vital and bustling region for Emirates SkyCargo, with 38 freighters and 538 passenger flights serving it weekly. The airline is planning further expansion, recently announcing the commencement of passenger operations to Helsinki, Finland, in October 2026. With a tentative delivery of up to 10 new Boeing 777Fs by December 2026, along with the continued delivery of passenger aircraft, Emirates SkyCargo is poised for growth and service to more destinations with its top-tier product and service.

    Questions & Answers

    What percentage increase in cargo volumes did Liege Airport see in 2025?
    The airport saw a 14% increase in cargo volumes in 2025.

    How many weekly freighters will Emirates SkyCargo deploy to Liege?
    Emirates SkyCargo plans to deploy five weekly freighters to Liege.

    What is the significance of adding Liege to Emirates SkyCargo’s freighter network?
    This strategic addition enhances the company’s European footprint, providing more connectivity for their global customers, and facilitating the efficient and reliable transportation of various goods.

  • Vietnam’s Largest Coffee Chain, Highlands Coffee, Brews Up to $400M Potential IPO

    Vietnam’s Largest Coffee Chain, Highlands Coffee, Brews Up to $400M Potential IPO

    Highlands Coffee, Vietnam’s most prominent coffee chain, is exploring the option of an initial public offering (IPO) in its native country, with the potential to raise between US$300-400 million. The company is currently working alongside a financial advisor, and there are discussions of potentially increasing the number of banks involved in the process.

    Despite the ongoing discussions, details surrounding the IPO’s size remain flexible and may be subject to change. Considerations are being made carefully, with all the necessary precautions taken to ensure a successful outcome.

    Highlands Coffee’s major stakeholder is Jollibee Foods, a leading fast-food group based in the Philippines. Jollibee Foods holds a 60% stake in SuperFoods Group, the parent company of Highlands Coffee. They began their investment in the coffee chain back in 2012.

    The origins of Highlands Coffee date back to 1999, when Vietnamese-American entrepreneur David Thai established the business. From its humble beginnings, the chain has expanded significantly and now boasts a total of 928 outlets. These outlets are spread not only across Vietnam but also in various international locations.

    Questions & Answers

    Who is the biggest stakeholder in Highlands Coffee?
    The biggest stakeholder in Highlands Coffee is Jollibee Foods, a fast-food group based in the Philippines. They own a 60% stake in SuperFoods Group, the parent company of Highlands Coffee.

    Who founded Highlands Coffee, and when was it established?
    Highlands Coffee was founded by Vietnamese-American entrepreneur David Thai in 1999.

    How many outlets does Highlands Coffee have, and are they only located in Vietnam?
    Highlands Coffee has a total of 928 outlets. While many of these are located in Vietnam, the chain also has a presence in various international locations.

  • Record-Breaking 2025: Changi Airport Soars with Highest Passenger Traffic and Unprecedented Cargo Performance

    Record-Breaking 2025: Changi Airport Soars with Highest Passenger Traffic and Unprecedented Cargo Performance

    In the year 2025, Singapore’s Changi Airport experienced record-breaking passenger traffic, with 69.98 million passenger movements noted, indicating a rise of 3.4% in comparison to the previous year. Aircraft activities, such as landings and take-offs, also witnessed a growth of 2.2%, reaching 374,000 movements in total. Furthermore, airfreight throughput amounted to an impressive 2.08 million tonnes, surpassing the prior year’s records by 4.5% and solidifying its position as one of Changi Airport’s most successful cargo performances.

    Busiest Periods of 2025

    The most crowded month of the year was December 2025, which saw 6.3 million passenger movements. A significant day during this period was the 20th of December, the Saturday preceding Christmas, when more than 223,000 passengers traversed the Changi terminals.

    The growth in traffic for 2025 was diversified, underpinned by steady travel demand and the air hub’s improved connectivity. Notably, the top five passenger markets for Changi Airport were China, Indonesia, Malaysia, Australia and India. China, in particular, remained the largest traffic market with the most significant growth of 12.2% compared to 2024. Vietnam and Japan also experienced substantial growth of 9.8% and 7.0% respectively. The most frequented routes for the year included Kuala Lumpur, Bangkok, Jakarta, Denpasar (Bali), and Hong Kong.

    Cargo Performance and Expansion

    In terms of cargo, growth was observed in all areas – exports, imports and transshipments. This can be attributed to the first three quarters’ front-loading activities and the robust global demand for semiconductors, driven by advancements in AI, electric vehicles and clean technology. The top five air cargo markets for Changi were China, the United States, Australia, Hong Kong and India, with China, the United States and Taiwan posting the highest growth.

    Enhancing Global Connectivity

    Changi Airport achieved a milestone in network growth in 2025 by adding 13 city links to its global network. These new destinations included locations in China, Indonesia, Austria, India, Malaysia, Mongolia and Vietnam. This expansion included two new passenger airlines, MIAT Mongolian Airlines and Pelita Air.

    A significant addition was the introduction of a direct connection to Ulaanbaatar, Mongolia, strengthening Changi’s position as a regional gateway. The introduction of new routes in China and Southeast Asia underscores Changi Airport’s commitment to diversifying its Asian network and enhancing its competitive edge as a hub.

    A Word from the CEO

    Mr Yam Kum Weng, Chief Executive Officer of Changi Airport Group (CAG), expressed satisfaction with the year’s performance, attributing the success to strong collaboration with airline partners. As travel demand in Asia continues to grow, Changi is actively seeking to expand its regional network, including to emerging secondary cities with promising economic and tourism potential. He also stated that CAG would continue to innovate to deliver more efficient and seamless operations to ensure Changi remains a leading aviation hub.

    As of January 2026, approximately 100 airlines operate more than 7,300 weekly scheduled flights at Changi Airport, connecting Singapore to over 170 cities in 50 countries and territories worldwide.

    Questions & Answers

    What was the total passenger traffic at Changi Airport in 2025?
    The total passenger traffic at Changi Airport in 2025 was 69.98 million.

    Which were the top five passenger markets for Changi Airport in 2025?
    The top five passenger markets for Changi Airport in 2025 were China, Indonesia, Malaysia, Australia, and India.

    Which new routes were added to Changi Airport’s network in 2025?
    New routes added to Changi Airport’s network in 2025 included destinations in China, Indonesia, Austria, India, Malaysia, Mongolia, and Vietnam.

  • Vietnam’s Durian Domination: Record-Breaking $3.8B Exports Propel Fruit to Top of Global Market

    Vietnam’s Durian Domination: Record-Breaking $3.8B Exports Propel Fruit to Top of Global Market

    Vietnam’s durian exports reached a new high last year, with the total value reaching US$3.86 billion. This figure is more than 20% higher than the previous year’s record, making durian the most significant export among all fruits and vegetables from Vietnam. The country’s customs data reveal that durian exports contributed over 45% to the total value of $8.56 billion.

    Other Top Fruit and Vegetable Exports

    Durian was not the only fruit of note in Vietnam’s export list. Fresh coconuts registered an impressive growth rate of 36.6%, although the total export value of $534 million placed it far behind durian. Dragon fruit, another significant export, earned $526 million, despite a slight decrease in its export value.

    Adaptation to Market Requirements Spurs Growth

    According to Dang Phuc Nguyen, General Secretary of the Vietnam Fruits & Vegetables Association, the increase in durian exports is due to Vietnamese businesses’ ability to meet stricter quality standards and other conditions set by some markets. However, he emphasized the importance of consistent quality control and market expansion for sustained growth.

    China – The Largest Market for Vietnam’s Durian Exports

    China continues to be the most significant market for Vietnam’s durian exports, a position strengthened by agreements signed last year permitting the export of frozen durians and fresh coconuts from Vietnam. In addition to China, shipments to the United States, Japan, South Korea, and Europe also experienced substantial growth. Looking ahead, the association anticipates fruit and vegetable exports to reach between $9 and $10 billion this year.

    Questions & Answers

    What was the total value of Vietnam’s durian exports last year?

    The total value of Vietnam’s durian exports last year was US$3.86 billion.

    What contributed to the growth of durian exports from Vietnam?

    The growth in durian exports from Vietnam is attributed to businesses’ ability to adapt to stricter quality standards and other conditions imposed by some markets.

    Which countries are the largest markets for Vietnam’s durian exports?

    China is the largest market for Vietnam’s durian exports, followed by the United States, Japan, South Korea, and Europe.

  • Revolut Gears Up for Swiss Expansion, Seeking Top-Tier Executives for Groundbreaking Move

    Revolut Gears Up for Swiss Expansion, Seeking Top-Tier Executives for Groundbreaking Move

    Revolut, the digital banking platform, has unveiled ambitious plans for expansion in the Swiss market. The company’s General Manager for Switzerland, Julian Biegmann, declared that Revolut is “building the future of Swiss banking” and announced an extensive recruitment drive aimed at elevating the company’s presence in Switzerland.

    Senior Positions Open for Recruitment

    The available roles currently being advertised by Revolut include Head of Risk, Head of Legal, Treasury Manager, Tax Manager, Business Risk Manager, and a Strategy & Operations Manager catering to both retail and business clients. This level of seniority and the range of positions available are unprecedented for Revolut within the Swiss market, marking a significant shift in the company’s approach.

    Focused on Regulatory Compliance

    Interestingly, many of the vacant roles are concentrated on regulatory, legal, and risk management functions. This emphasis is seen by industry insiders as an intentional move by Revolut, signalling that the company is establishing a solid foundation for a more independent operation in Switzerland.

    For years, there’s been ongoing speculation in the Swiss banking and fintech circles that Revolut may be considering applying for a Swiss banking license. While the company has not made any public confirmations, the current wave of recruitment lends more credibility to these rumours.

    Biegmann emphasized in his announcement that Revolut is seeking candidates who thrive in “fast-paced environments” and are eager to have a significant “impact at scale.” He further stated that all applications are being processed solely through Revolut’s official recruitment portal.

    Presently, Revolut services a substantial and expanding Swiss client base under its European license framework. The company’s long-rumored larger ambitions now seem to be materializing into tangible organizational steps within Switzerland.

    Questions & Answers

    What positions is Revolut currently hiring for in Switzerland?
    Revolut is recruiting for several senior roles, including Head of Risk, Head of Legal, Treasury Manager, Tax Manager, Business Risk Manager, and a Strategy & Operations Manager.

    Why is the emphasis on regulatory, legal, and risk management roles significant?
    The focus on these roles suggests that Revolut is laying the groundwork for a more self-governing operation in Switzerland, possibly indicating its intention to apply for a Swiss banking license.

    What kind of candidates is Revolut seeking for these roles?
    Revolut is looking for candidates who are comfortable in dynamic, fast-paced environments and are eager to make a significant impact at scale.

  • Guardian Unveils Enhanced Flagship Store in Marina Bay Sands: A New Era for Personalized Health & Beauty Shopping

    Guardian Unveils Enhanced Flagship Store in Marina Bay Sands: A New Era for Personalized Health & Beauty Shopping

    Guardian, a prominent health and beauty retailer, has recently unveiled its revamped flagship store situated at The Shoppes at Marina Bay Sands in Singapore.

    Revamp Aims at Personalised Shopping Experience

    The new alterations are aimed at delivering a more personalised shopping experience. This is achieved by amalgamating health, beauty, and personal care products under a single roof.

    Five Wellness-Led Zones

    The renovated store introduces five distinct wellness-led zones: Health and Wellness, Derma Skincare, Men’s, Trial and Travel, and Guardian’s Pick. These zones are strategically designed and curated to cater to a variety of customer’s wellness and beauty needs effectively.

    On-Site Pharmacy Services

    In addition, the store includes on-site pharmacy services, a novel feature that not only provides preventive care but also offers consultations and wellness advice to customers. This service further enhances the customer shopping experience, delivering more than just purchases.

    Future Plans

    Guardian has stated its intention to gradually implement this new store format across numerous locations in the future. As a forward-thinking retailer, Guardian aims to stay ahead of the curve and consistently deliver a personalised, seamless, and comprehensive shopping experience for its customers.

    Questions & Answers

    What is the objective of Guardian’s flagship store revamp?
    The objective is to deliver a more personalised shopping experience by integrating health, beauty, and personal care products in one location.

    What are the five wellness-led zones introduced at Guardian’s flagship store?
    The five distinct wellness-led zones are Health and Wellness, Derma Skincare, Men’s, Trial and Travel, and Guardian’s Pick.

    What services does the on-site pharmacy at Guardian’s flagship store provide?
    The on-site pharmacy at Guardian’s flagship store offers preventive care, consultations, and wellness advice to its customers.

  • Domino’s Pizza China Celebrates Expansion Success with 1400th Store Milestone

    Domino’s Pizza China Celebrates Expansion Success with 1400th Store Milestone

    Domino’s Pizza China (DPC Dash) has successfully surpassed its 1400th store landmark as it steadily propels the progression of its network.

    DPC Dash is identified as the sole master franchisee for Domino’s Pizza in Mainland China, Hong Kong, and Macau. The company recently inaugurated its 1405th store in Sanya, located in the Hainan Province. This establishment not only denotes its entrance into the 72nd city within the Chinese Mainland but also aligns with its marker on the Hong Kong Stock Exchange (1405.HK).

    According to DPC Dash, this milestone symbolizes the triumph of its ‘go broader, go deeper’ expansion strategy for its store network and the robust customer demand for the pizza brand. This accomplishment comes after the company’s impressive performance the previous year, during which it added 307 new stores net and broadened its reach into 21 new cities.

    The company has stated that it will persist with further developing its 4D strategy, which includes ‘Development, Delicious Pizza at Value, Delivery, and Digital’. This approach aims to tap into China’s market consumption potential while ensuring continuous innovation and sustainable operations.

    Questions & Answers

    What is Domino’s Pizza China’s (DPC Dash) expansion strategy?
    – Domino’s Pizza China or DPC Dash follows a ‘go broader, go deeper’ expansion strategy. This method focuses on increasing the number of stores and expanding into new cities.

    What is the 4D strategy that Domino’s Pizza China (DPC Dash) is focusing on?
    – The company’s 4D strategy consists of ‘Development, Delicious Pizza at Value, Delivery, and Digital’. This approach aims to capitalize on the potential of China’s market consumption while maintaining continuous innovation and sustainable operations.

    What recent milestone has Domino’s Pizza China (DPC Dash) achieved?
    – The company recently surpassed its 1400-store milestone, with the opening of its 1405th store in Sanya, located in the Hainan Province. This accomplishment also marked its entrance into the 72nd city in the Chinese Mainland.

  • Musinsa in Race for Hoka’s South Korean Distribution Rights Amid High Competition and Growing Market Demand

    Musinsa in Race for Hoka’s South Korean Distribution Rights Amid High Competition and Growing Market Demand

    South Korean fashion and lifestyle company, Musinsa, is said to be currently in discussions to obtain the local distribution rights for Hoka, a well-known performance footwear brand. The talks are reportedly taking place with Deckers Outdoor Corporation, the American parent company of Hoka, as Musinsa seeks to handle the brand’s import and distribution within South Korea.

    Interest From Major Fashion Groups

    Musinsa is not alone in its interest in the brand. Other notable fashion companies, such as Shinsegae International and LF Corp, are also rumored to be considering placing their bids. This interest underscores the intense competition for the distribution rights of Hoka within the domestic market.

    Scrutiny Over Hoka’s Current Distribution

    Hoka’s current distribution within Korea has fallen under public scrutiny due to allegations of misconduct by the CEO of its current local partner, Joyworks & Co. This has resulted in significant public backlash. Whilst Deckers has not formally announced any changes or terminations to its current distribution arrangement, these developments have led to speculation that the company might be reconsidering its local strategy.

    Increasing Demand for Hoka in South Korea

    Hoka’s footwear has been experiencing growing demand amidst a surge in participation in outdoor activities and running in South Korea. The brand’s shoes have been gaining popularity amongst consumers focused on performance and lifestyle shoppers alike.

    Musinsa’s Expansion Strategy

    Musinsa’s interest in Hoka fits perfectly into its wider expansion strategy. Last year, Musinsa established a presence in the Chinese market through a joint venture with Anta Sports, leading to the creation of Musinsa China. This move was aimed at supporting growth across both online and offline retail channels.

    Questions & Answers

    What is the current status of Hoka’s distribution within South Korea?
    Hoka’s current distribution within South Korea, managed by Joyworks & Co, has recently come under public scrutiny due to allegations of misconduct by Joyworks & Co’s CEO.

    Who is interested in obtaining the domestic distribution rights for Hoka?
    South Korean fashion and lifestyle company Musinsa, along with other major fashion groups such as Shinsegae International and LF Corp, have expressed interest in acquiring the distribution rights.

    What is driving the growing demand for Hoka in South Korea?
    The increasing participation in outdoor activities and running in South Korea is driving the growing demand for Hoka’s footwear. The brand’s shoes are gaining popularity amongst performance-focused consumers and lifestyle shoppers.