Tag: asia

  • First franchised KFCs open in Chinese gas stations

    First franchised KFCs open in Chinese gas stations

    Yum has announced the opening of its first franchised restaurants in Chinese gas stations, in collaboration with China Petrochemical Corporation (Sinopec) and China National Petroleum Corporation (CNPC).

    The first franchised KFC restaurant has been launched in a CNPC gas station in Yunnan Province while the first one in a Sinopec gas station is set to open its doors Liaoning Province next week.

    “The first franchised gas station restaurants represent an important milestone in our long-term strategic partnership with both companies,” said Joey Wat, CEO of Yum China. “Together with Sinopec and CNPC, we are committed to building a successful business model and creating innovation-driven growth together.”

    The partnership with Sinopec and CNPC will enable Yum China to expand its retail network into a previously underserved segment of the market as both companies collectively operate more than 50,000 Chinese gas stations.

    With the partnership, Yum China aims to open more than 100 stores in the next three years and create more opportunities to collaborate in other fields.

  • JAB Holding owners commit to Holocaust survivor program

    JAB Holding owners commit to Holocaust survivor program

    The owners of JAB Holding, the parent company of Pret-A-Manger and other retail brands, have announced a contribution to a foundation benefiting Holocaust survivors as the family takes steps to compensate for their ancestors’ treatment of Jews.

    JAB Holding also owns Green Mountain Coffee, Panera bread, Mighty Leaf Tea, Caribou Coffee, Jacobs Douwe Egberts, Einstein Bros Bagels and a 38-per-cent stake in cosmetics giant Coty, among other investments.

    In March, German newspaper Bild uncovered a significant historical connection between the wealthy Reimann family and the Nazis. The Reimann forebears were ardent anti-semites and strong supporters of Hitler, and used both Russian and French slaves in their factories.

    “It is all correct,” family spokesman Peter Harf, who is one of two managing partners of JAB Holdings, told Bild. “Reimann Senior and Reimann Junior were guilty. The two men have passed away, but they actually belonged in prison.”

    Julius Berman, president of the Conference on Jewish Material Claims Against Germany (Claims Conference), has announced a new emergency assistance fund for Holocaust survivors provided by the Reimann family and administered through their new humanitarian arm, the Alfred Landecker Foundation.

    The Reimann family established the foundation in honour of Alfred Landecker, who died at the hands of Germans when he was deported in 1942. Alfred Landecker’s fate is inextricably linked to the Reimann family: he was the father of Emilie Landecker, who had three children by Albert Reimann Jr.

    When the Reimann family appointed independent historian Dr Paul Erker, of the Ludwig Maximilian University of Munich, to research their political history and that of the Benckiser company, it was established that Albert Reimann Sr and his son Albert Reimann Jr, who ran Benckiser, the precursor company to JAB Holding Company, were outspoken in their anti-Semitism and ardent supporters of Adolf Hitler and the Nazi regime. It was also discovered that Benckiser factories used forced labor; by the spring of 1942, the Benckiser Ludwigshafen plant used around 200 civilians as forced laborers.

    “The funds being provided through the Alfred Landecker Foundation will make a significant difference in the lives of so many who deserve so much,” said Berman of the new partnership between the foundation and the Claims Conference. “Elderly, poor Holocaust survivors need food, medicine and heat in the winter. These funds will enable thousands of survivors to live in dignity.”

    Using existing infrastructure, the Claims Conference will absorb 100 percent of the administrative costs associated with management and distribution of the 5 million euros to ensure that the full amount of funding goes to Holocaust survivors. Funds will be disseminated to the Claims Conference over three years, starting next year with US$2.2 million (€2 million), another $2.2 million in 2021, and the final installment of $1.1 million (€1 million) in 2022.

    “We are delighted to partner with the world-respected Claims Conference to help realise our much-needed financial commitment to survivors of the Holocaust,” said Alfred Landecker Foundation chair David Kamenetzky.

    “This also marks a significant step for the Alfred Landecker Foundation and our ambition of researching and remembering the atrocities of the Holocaust, as well as providing humanitarian assistance for survivors of the Holocaust and former forced labor in World War II.”

    The Claims Conference will allocate nearly $610 million for social welfare next year, prioritizing the majority for homecare, and approximately $10.2 million for emergency assistance; a 25 percent increase over the prior year.

    This additional $2.2 million in financial resources will have a profound impact on programs and services in 34 countries. The money will help support programs across the Claims Conference’s existing global network of social welfare agencies, supporting items like food packages, medicine, transportation to doctor appointments and programs to alleviate social isolation for Holocaust survivors.

  • Hamleys brand set for shakeup under new owner

    Hamleys brand set for shakeup under new owner

    New Hamleys toy store owner Reliance Industries plans to revamp the brand, according to a report in The Guardian.

    The article reveals that the new owners “have ambitious plans for the toy store” which has been passed “from one absentee foreign owner to another over the past 16 years”. Reliance is currently turning to the US market in the wake of the Toys R Us collapse, having already firmly established the brand in India with more than 100 stores.

    The firm is also planning to revamp its London flagship.

    “We’re not going to put Swarovski chandeliers in, which can cost a lot of money, because that’s not required,” Reliance CEO Darshan Mehta told The Guardian. “You have to be careful not to create something that is intimidating because one of the Hamleys’ secret ingredients has been that it welcomes all and sundry, from the super-rich – someone recently bought a £5000 reindeer – to someone buying a £5 soft toy.”

    “If your proposition is price as the only lever then you will lose the game,” said Mehta. “We are not selling the cheapest toy from a box.”

    Mehta also added that the store revamp has to focus on providing a better experience than online shopping.

    “As a brick-and-mortar retailer I have to stand up to that onslaught,” he said. “People will not remain closeted in their homes. They go out for experiences. A visit to a Hamleys store is an experience.”

  • Deliveroo sets massive growth in Hong Kong despite protests

    Deliveroo sets massive growth in Hong Kong despite protests

    Hong Kong food-delivery service Deliveroo says it achieved well over 100-per-cent year-on-year growth in both revenue and order volume this year.

    During the year, the company expanded to cover 17 out of the territory’s 18 districts and doubled its fleet of 2000 riders to 4000.

    Deliveroo is marking its fourth anniversary in Hong Kong and has launched a new advertising and social-media campaign covering TV, digital, buses and cinema.

    “Moving into our fifth year in Hong Kong, Deliveroo is celebrating nearly half a decade of success and readying ourselves for more innovation and expansion to come,” said Deliveroo Hong Kong GM Brian Lo.

    “The past 12 months brought challenges to the Hong Kong business environment, so for 2020 we are dedicated to bolstering our own strengths in order to continue to help our restaurant partners deliver on their own ambitions.”

    Deliveroo is targeting to work with 9000 partner restaurants in Hong Kong by the end of next year, as well as upping its rider numbers from 4000 to 6500.

  • Robots replace staff in South Korean chain Genesis BBQ

    Robots replace staff in South Korean chain Genesis BBQ

    Genesis BBQ, a major South Korean fried-chicken chain, opened a new ‘smart store’ in Seoul’s Songpa District this month.

    There are no employees to take orders at the store. Instead, there are tablet PCs on each table that are used to order food.

    The food made in the kitchen is then served by food bots, self-driving robots that deliver the food to the customers.

    A map of the store is programmed into the food bots, which deliver food to each table based on pre-mapped destinations included in the program.

  • Surge in fashion industry transparency

    Surge in fashion industry transparency

    Retailers in the apparel industry have been disclosing their supply chain information more transparently over the past three years, according to a new report.

    Released by a group of unions, human rights groups, and labor-rights advocates who have jointly advocated for transparency since 2016, the report reveals greater public disclosure within the fashion industry about supplier factories, a move expected to help address labor abuses in garment supply chains.

    “All brands should adopt supply chain transparency, but ultimately laws are needed that require transparency and enforce critical human rights practices,” said Human Rights Watch senior women’s rights counsel Aruna Kashyap.

    The group believes supplier transparency promotes corporate accountability for garment workers’ rights in global supply chains, as constitutes proof that a company knows where its products are made, while allowing human rights advocates to fulldumps.com identify abuses in supplier factories.

    The group is also advocating for the passage of national laws requiring companies to conduct human rights due diligence in their supply chains.

    “Responsible Business Initiatives should stop making excuses for companies that want to continue to keep their supply chains opaque,” said Clean Clothes Campaign campaigns coordinator Christie Miedema.

    “They should instead follow the lead of the front runners among their members and make transparency a membership requirement to give workers and activists access to the information they need to help address workplace abuses.”

  • Li Bao Ge Group to partner with Alibaba’s Freshippo

    Li Bao Ge Group to partner with Alibaba’s Freshippo

    Li Bao Ge Group is launching its food delivery service through Alibaba’s Freshippo (Hema) stores.

    The two firms have entered into a cooperation agreement under which Li Bao Ge will open in-store counters at Freshippo stores. With exclusive selling rights for Siu Mei products, Li Bao Ge will offer cooked-on-site Hong Kong-style roast meat (“Siu Mei”) under its own brand, as well as other specialties such as Cantonese-style soup, dim sum, dessert and festive delicacies. Freshippo will, in turn, make its digital platforms and on-site facilities available to Li Bao Ge and provide technical support – including marketing initiatives, online sales resources, a delivery service, potential customers, and establishment of online to offline channels.

    Li Bao Ge undertakes to set up not less than 10 counters at Freshippo’s stores on or before 15 December next year. It will leverage Freshippo’s brand awareness and high traffic to attract more young consumers and develop multi-channel sales to penetrate the Chinese takeaway and food-delivery market.

    “As online consumption gains prevalence, the competition in the food and catering industry has extended from restaurants to online order and delivery,” said Li Bao Ge Group chairman Chan Chun Kit. “With that in mind, we have decided to adopt a new business model leveraging Freshippo’s sophisticated digital management platform and big-data analysis to develop a new integrated O2O operation based on an asset-light model.

    “Going forward, Li Bao Ge will, starting from the South China region, expand into regions and cities with high purchasing power and appeal to a younger group of individual and family customers. We will gradually transform from a conventional banquet dining operator to a light meal delivery industry player. We will also explore the opportunities for the retailing of packaged food to accelerate the pace of expansion and enhance profitability.”

    Li Bao Ge currently operates eight mid-to-high-end Cantonese restaurants in Hong Kong and Shenzhen.

  • Coca-Cola North America pilots subscription service to test new products

    Coca-Cola North America pilots subscription service to test new products

    Soft drinks giant Coca-Cola has launched a new subscription service in North America to test out over 20 new drinks.

    The Coca-Cola Insiders Club invites subscribers to sign up for a monthly shipment of three category-spanning beverages to be released in early 2020. A thousand memberships sold out in three hours following the announcement.

    “We’re absolutely thrilled to see how quickly the spots went, which shows just how passionate consumers are about our brands and innovations. It proves there is an opportunity to scale the concept and allow more people to participate,” said Alex Powell, a digital experiences manager, Coca-Cola North America.

    The soft drinks giant said the move was prompted by the phenomenal growth in the e-commerce subscription market which has doubled annually over the last five years.

    Subscribers can choose from two payment options for the six-month membership, US$10 per month or US$50 prepaid (one month free).

    “As a total beverage company, we’re constantly looking for ways to innovate not only in our products – but also in the consumer-centric experiences we offer,” said McCrea O’Haire, digital experiences manager, Coca-Cola North America.

    “People want choice, convenience and customization. The Insiders Club will allow us to showcase the diversity of the drinks we offer and get some of our newest innovations into the hands of fans who want to be among the first to enjoy them.”

    The launch of the limited-edition Coke Cinnamon in the region prompted a big response from consumers and provided valuable insights to the beverage giant.

    Coca-Cola North America said it will monitor sales, feedback and social media buzz and may consider expanding beyond the six-month trial period.

  • VF Corporation unveils sustainability commitments for 2020

    VF Corporation unveils sustainability commitments for 2020

    Global apparel, footwear and accessories company VF Corporation has revealed sustainability commitments dubbed as its “Science-Based Targets (SBTs)” for the year ahead.

    VF’s new science-based targets (SBTs) are among the most ambitious in the industry and are aligned with the ideology of using its global scale for good. SBTs are greenhouse-gas emission-reduction targets that are in line with meeting the goals of the Paris Agreement.

    The company underwent a two-year-long collaborative process to develop its new SBTs, partnering with global consultancy, the Carbon Trust. The consultants used data from across its owned-and-operated facilities and its product life cycle from farm to retail store, engaging deeply with its entire value chain.

    As outlined in the report, the company has made measurable progress against its targets. Currently, half of VF’s distribution centers around the world are zero-waste facilities and 16 of VF’s owned buildings are LEED certified.  VF has also improved its workers’ conditions and wellbeing under its “Worker and Community Development (WCD) Program” such as empowering female workers on menstruation in India and providing workplace health-and-nutrition benefits in Cambodia.

    Aside from meeting the UN Sustainable Development Goals, VF will be focusing on three pillars across its business and supply chain: the company aims to seek strength in the commercialization of circular business models to reduce VF’s environmental impact while creating new growth opportunities. Additionally, building on VF’s global scale and influence, the company will drive impact reduction across the broader industry by enabling VF and its brands to serve as a catalyst for powering movements of sustainable and active lifestyles.

    Steve Rendie, VF’s Chairman, president and CEO shares: “Our Made for Change strategy outlines our forward-looking priorities and provides us with a renewed focus to push ourselves harder and farther as we address some of our industry’s most challenging issues.”

    The company is confident that by 2030, all of its top nine materials (which comprise 90 percent of its material-related carbon emissions) will originate from responsible or regenerative sources.

  • Handmade KitKat goes on sale in Manila

    Handmade KitKat goes on sale in Manila

    Nestle-owned global chocolate brand KitKat is running a pop-up concept at SM Megamall in Manila until December 25.

    Called KitKat Chocolatory, the concept store allows customers to customize their own KitKat creations by choosing from a range of ingredients including almonds, macadamias and pretzels. It also offers limited edition local flavors such as mango graham, ube, saba and quezo.

    “Filipinos can enjoy their own KitKat break and enjoy exclusive KitKat. This is definitely something that every chocolate lover should not miss,” said Nestle Confectionery CEO Gerard Poa.

    KitKat Chocolatory concept also exists in countries including Japan, Thailand and some parts in Europe.

    First launched in 1935 in the UK, chocolate-covered wafer bar KitKat is present in more than 80 countries today.

  • Casetify creates DHL collectibles range in unusual collaboration

    Casetify creates DHL collectibles range in unusual collaboration

    Tech-accessories brand Casetify has released a collaboration with international express service provider DHL to commemorate its 50th anniversary.

    The firms teamed up to introduce a special edition collection of tech accessories, debuting online and in pop-ups all over the world. Within a few weeks, the anniversary collection has amassed a virtual waitlist of more than 100,000 fans and completely sold out in its first global online release.

    In the latest drop for “50 Years of DHL,” Casetify incorporates DHL’s globally recognized branding such as the company’s signature waybill, brand colors and logo interpretations in an extension of the best-selling collection. The designs feature an industrialized art direction through the logo-based tape (an updated version of the 2018 collection’s best-seller) and “scanned” waybills, showcasing the technology that connects DHL to its global customers.

    “We are proud that the DHL x Casetify collection has been so well-received by customers all over the world, and that so many people are celebrating DHL’s 50th anniversary with us,” said DHL Express Asia Pacific CEO Ken Lee.

    “As we look forward to a future filled with exciting technology and innovations, we want to continue sharing our journey with fans and we hope that this new collection will give them a quick glimpse of what’s in store.”

  • Amorepacific invests in US brand Milk Makeup

    Amorepacific invests in US brand Milk Makeup

    South Korean beauty conglomerate Amorepacific has invested in American company Milk Group’s makeup and skincare division Milk Makeup.

    Seoul-based Amorepacific joins Main Post Partners and Alliance Consumer Growth as minority shareholders in the beauty brand, forming a strategic partnership that will assist the brand as it enters the South Korean marketplace.

    “The South Korean beauty market is highly competitive and incredibly innovative, so we are thrilled to have Amorepacific’s help to ensure our success in this important beauty space,” said Milk Makeup CEO and co-founder Mazdack Rassi. “This strategic partnership will allow us to benefit from Amorepacific’s significant expertise and resources. And in true partnership, Milk Makeup will share the strategies that have made it one of the fastest-growing color brands in the US.”

    “We were impressed by Amorepacific’s track record of internally starting and growing beauty brands,” said Milk Makeup chairman Scott Sassa. “This shared belief in building brands designed to last for decades was central to establishing this relationship.”

  • Suning to open 10,000 new China stores next year

    Suning to open 10,000 new China stores next year

    Chinese O2O retailer Suning plans to open 10,000 new stores next year, capitalizing on ‘consumption upgrade’ in China.

    Founder and chairman Zhang Jindong said the company will invest 40 billion RMB (US$5.7 billion) to support its expansion spree, estimated to create 8000 new jobs.

    According to the company, the increase in consumer spending with the emergence of new, more aspirational and affluent consumer groups is driving the consumption upgrade in China. The increased purchasing power in China’s lower-tier cities is also emerging as an investment magnet.

    The expansion is part of the company’s ‘open from 1 to N and integration from N to 1’ strategy.

    “Opening from 1 to N refers to how Suning is opening up its core business of retail through multi-channel, full-scenario categories to empower the industry and society at large. Integrating from N to 1 refers to the integration of Suning’s scenarios and supply chain, converging online and physical retail to focus on consumer experience and providing diversified services of a consistent quality for every consumer,” it says.

    Earlier this year, Suning acquired 37 Wanda department stores and bought an 80-per-cent stake in Carrefour’s Chinese operations. The company is recognized as one of the top three among the top 500 non-state-owned enterprises in China.

  • Thailand’s Nok Air seeks to raise $73.5mn from shareholders

    Thailand’s Nok Air seeks to raise $73.5mn from shareholders

    Nok Air is seeking to raise THB2.22 billion bahts (USD73.5 million) from existing shareholders through a new share issuance, the Thai low-cost carrier said in a stock market filing.

    The Thai carrier’s Board of Directors proposed issuing 888,147,358 new shares nominally valued at THB1 (USD0.03) each. If the proposal is approved by an Extraordinary General Meeting on January 14, existing shareholders will be offered purchase rights to buy one new share per 3.5 existing shares. The purchase price has been set at THB2.5 (USD0.08) per share.

    The offering period will run from February 3 to February 7, 2020.

    Nok Air said it will allocate shares not taken up in the first round to any oversubscribing shareholders but it does not foresee allocating any shares to investors who are not shareholders at the moment.

    Simultaneously, the Board of Directors proposed decreasing the number of shares in circulation by 99,030,527 shares which were not sold during previous equity increases. This will result in a decrease of the total number of shares, equivalent to the registered capital, to 3,309,019,273 prior to the new issuance planned for early February.

    Nok Air is currently controlled by the Jurangkool family, with three of its family members controlling a combined 67.4% stake in the airline. Thai Airways International owns a 15.9% stake with the remainder held by small shareholders with less than 0.5% each.

  • Hong Kong’s First Virtual Bank Launches

    Hong Kong’s First Virtual Bank Launches

    Hong Kong’s banking history enters a new chapter with the launch of its first virtual lender, ZA Bank.

    ZA Bank, co-owned by ZhongAn Online P&C Insurance and Sinolink Group, launched yesterday to become the first virtual bank to kickstart services in Hong Kong. According to its chief executive Rockson Hsu, the name «ZA» represents a reversal of alphabetical order which is a reminder to «think out of the box and view things from a different perspective».

    It’s good to be bold, contrarian and creative, Hsu added in a statement.

    ‘Z’ and ‘A’ also means ‘end-to-end’, it symbolizes our mission to redefine customer journey through technology, from the front-end (mobile app/branch), mid-office (customer service/operation department) to the back-end (operating system), from product development to service process.

    ZA Bank said it would offer interest rates of 1.4 percent for one-month Hong Kong dollar deposits and up to 2 percent for three, six and 12-month deposits.

    Whilst this lags behind traditional lenders in Hong Kong which offer up to 2.2 percent on 12-month deposits, ZA Bank’s minimum size of $1 falls very much well below traditional minimum deposit sizes of HK$10,000. ZA also provides time deposits for U.S. dollars and yuan.

    ZA Bank will initially only roll-out services such as remote account opening, multi-currency savings account, time deposits, local transfers and e-statement services only to a select handful of 2,000 users which include friends and relatives of its staff.

    The launch falls under the HKMA’s sandbox mechanism and once the pilot is deemed successful, services will be made accessible by the general public.

    We are delighted to note that the first virtual bank has started its trial run today in the HKMA’s Fintech Supervisory Sandbox, thanks to the diligent efforts of various parties, said Arthur Yuen, Hong Kong Monetary Authority’s deputy chief executive, in a separate statement.

    We believe that as virtual banks gain a better understanding of their customers’ preferences and habits over time, they will leverage financial technologies to offer more personalized products and services, and new user experience to customers.

    Seven other virtual banks in Hong Kong are expected to launch in the first half of next year.