Tag: asia

  • Timberland buys Icebreaker

    Timberland buys Icebreaker

    US-based global fashion brand owner VF Corporation has bought New Zealand’s Icebreaker Holdings.

    Icebreaker pioneered the ethical and sustainable production of natural performance apparel for men, women and children, using Merino wool, plant-based fibres and recycled fibres.

    The brand is sold in 47 countries through wholesale, branded retail stores and online.

    The company has an annual turnover of about US$150 million, however terms of the sale were not disclosed.

    Jeremy Moon, who founded the company in 1995, says it was always his plan to build a global brand from New Zealand.

    “Our partnership with VF provides us with the largest platform in the world to tell our story, access new markets and reach new consumers at an accelerated pace. This is a once-in-a-lifetime opportunity for our global Icebreaker brand team and for our wool suppliers to introduce a whole new universe of consumers to the benefits of sustainably farmed, ethically sourced, New Zealand Merino wool,” he said in a statement announcing the deal.

    “Bringing the Icebreaker brand into the VF portfolio is a special opportunity,” added Steve Rendle, chairman, president and CEO of VF Corporation. “Its natural fiber focus is an ideal complement to our SmartWool brand, which also features Merino in its clothing and accessories. Together, the SmartWool and Icebreaker brands create an advantaged position for VF as a leader in the growing and underpenetrated natural fibre category. We will have unmatched capabilities that will strengthen our ability to create innovative and sustainable natural fiber products across our brand portfolio, especially in VF’s outdoor and workwear brands.”

    VF Corporation has a diverse portfolio of lifestyle brands, including Vans, The North Face, Timberland, Wrangler and Lee.

  • WeChat Pay Hong Kong adds QR code payment

    WeChat Pay Hong Kong adds QR code payment

    WeChat Pay HK has introduced a series of expanded payment features to improve the mobile payment experience for local consumers.

    The expanded features include a new quick pay function targeted at merchants able to implement WeChat Pay into existing point of sales systems, such as restaurants, supermarkets and stores.

    Individuals, taxi services, family stores and business owners will meanwhile be able to take payments without having to set up costly payment terminals via the Receive Money via QR Code function.

    Finally, a new checkout system – targeted at SMEs including a simple payment system and a platform for marketing initiatives such as coupons – is expected to launch in December.

    WeChat Pay HK was granted a stored value facilities license by the HKMA last year and has since introduced features including social payment, online shopping and remittance services.

    “The usage of various kinds of Stored Value Facilities is gaining popularity in Hong Kong. We are glad to see WeChat Pay HK’s efforts in promoting mobile payment, offering consumers and businesses more payment solutions and choices throughout the city,” HKMA CFO Nelson Chow commented.

    “We are excited to launch the new WeChat Pay features in Hong Kong, embracing Hongkongers’ growing passion for mobile payment and making their daily lives easier whenever, wherever,” added Tencent general manager Norman Tam.

    “On the business front, this universal payment solution enables merchants to enhance customer engagement and loyalty via the strong WeChat ecosystem.”

  • 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.

  • 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.

  • 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.

  • Under Armour sales numbers hit the wall

    Under Armour sales numbers hit the wall

    Sportswear brand Under Armour sales have dropped by 12.1 per cent in North America, part of a worldwide trend to hit the once powerhouse brand of sports retail. In its third quarter update, Under Armour said revenue was down 5 per cent to $1.4 billion while revenue to wholesale customers declined 13 percent to $880 million and direct-to-consumer revenue was up 15 percent to $468 million.

    Profit has slumped nearly 60 per cent.

    Apparel revenue decreased 8 percent to $939 million, as growth in golf and sportstyle was more than offset by declines in outdoor, women’s training and youth. Footwear revenue was up 2 percent to $285 million, driven by strength in running and outdoor, offset by basketball and youth. Accessories revenue increased 1 percent to $123 million led by golf and men’s training, tempered by a decline in outdoor.

    “While our international business continues to deliver against our ambition of building a global brand, operational challenges and lower demand in North America resulted in third quarter revenue that was below our expectations,” said Under Armour Chairman and CEO Kevin Plank.

    “Based on these issues in our largest market, we believe it is prudent to reduce our sales and earnings outlook for the remainder of 2017.”

    “Against this difficult backdrop, our management team is working aggressively to evolve our strategy and level of execution to proactively address these challenges.

    “We understand that success in our next chapter requires managing with focused financial discipline and driving excellence into every area of our business while we amplify innovation, deliver fresh product and connect even more deeply with our consumers.”

    “The question arising from the latest set of results is: how did the one-time powerhouse of sports retail lose so much traction so quickly?”, asked Neil Saunders, managing director of GlobalData Retail, who added that with revenue growth moderating for the past couple of quarters, and with North American sales down across the first half of the year, the signs of a slowdown have been present for some time for the retailer.

    “Given the gentleness of these previous shifts, it has been easy to pin the blame on external factors such as a tapering down of demand for athleisure apparel, or the bankruptcy of leading sports retailers,” he said.

    “The third quarter numbers represent a marked deterioration from those previously modest declines.”

    “In our view, this is now about more than external factors; it demonstrates issues with the brand and its proposition. Especially so since other brands and retailers, including Lululemon, have not posted such calamitous figures.”

    “This is an abrupt about-turn for a company that, until recently, was on a mission to challenge the might of Nike and other major brands. In our view, there are several reasons for this fall from grace.”

    The first of these, said Saunders, is that Under Armour has put down very shallow roots.

    “While awareness has soared over recent years and customer numbers have risen, loyalty to the brand is not deep-rooted in the same way that it is at Lululemon and Nike. What this means is that as demand moderated, Under Armour has been quick to drop off the radar of many consumers.”

    The second reason relates to Under Armour’s focus with Saunders pointing to Lululemon and Nike possessing “a unifying purpose” to its brand.

    “As it has expanded, Under Armour appears to have lost some of its brand essence, and its proposition and purpose have become confused. Admittedly, communication in its own stores and online is better, but in third-party shops the focus is completely lost and, in some instances, Under Armour has become just another brand in a sea of brands.”

    Saunders added that a “failure to connect with women” despite attempts to increase its appeal to female shoppers – its brand remains “very masculine” and has limited appeal outside the professional sports market.

    “Under Armour is not so broken that it cannot be fixed. But the days of glory, when it would post double-digit uplifts in sales, are over,” said Saunders.