Tag: asia

  • Taco Bell eyes four new SE Asian markets

    Taco Bell eyes four new SE Asian markets

    Talks are underway to expand the Mexican-inspired fast-food restaurant chain Taco Bell into Southeast Asia.

    The Thai franchisee of the chain, Siam Taco, is said to be in early talks with the franchiser to operate the brand in neighboring countries Cambodia, Laos, Myanmar and Vietnam.

    Siam Taco is a joint venture between Thoresen Thai Agencies and the Mahagitsiri family-owned CM Capital. The JV currently operates five restaurants in Thailand since launching in January, with plans to grow its network to 40 restaurants within the next five years.

    According to Siam Taco director Chalermchai Mahagitsiri, the huge market potential in CLMV countries is what is attracting the company to expand there.

    Taco Bell Asia Pacific and Middle East MD Ankush Tuli confirmed the talks but said no final agreement has yet been reached.

    Tuli said that Thailand and the rest of Asia Pacific will be the key sales drivers for Taco Bell. It is scheduled to open in Indonesia and Malaysia next year, as it intends to double its overseas network to more than 500 over the next few years.

    In the Philippines, Taco Bell has six restaurants, operated by its local partner Philippine Pizza Incorporated.

    “Asia-Pacific will be our big growth driver because about two-thirds of the global population comes from this region,” said Tuli.

    Owned by Yum! Brands, Taco Bell has more than 7000 restaurants in the US and a presence in 30 countries globally.

  • Apple Japan opens its first store in Kawasaki

    Apple Japan opens its first store in Kawasaki

    Apple Japan has opened its 10th store – in Kawasaki.

    The new single-story outlet in Lazona Kawasaki Plaza features the brand’s distinctive all-glass front as well as a large video wall, a forum, and avenue shelving.

    The venue will be used as a family learning hub via the store’s Today at Apple educational sessions, using products in store for educational purposes in AR, coding, photography and music-making, amongst others.

    The Kawasaki venue is differentiated from other more spectacular Apple Japan stores for being more community-focused.

  • Philippines’ Cebu Pacific stops flights to Siem Reap

    Philippines’ Cebu Pacific stops flights to Siem Reap

    Budget carrier Cebu Pacific has stopped its flights to and from Siem Reap, leaving only one Philippine carrier servicing the Cambodia-Philippines air route.

    Difficulties in turning out a profit was the main reason for Cebu Pacific’s departure from the Kingdom, according to Philippine media reports last week. Cebu Pacific ended its Siem Reap flights yesterday.

    Cebu Pacific spokesperson Charo Logarta-Lagamon was quoted as saying by Philippine Star that “route viability became a concern” for its Siem Reap service.

    The reports confirmed rumors that have been circulating as far as back last year that the Gokongwei-owned airline was contemplating such a move.

    The difficulties faced by Cebu Pacific were also a topic of discussion among Filipinos who attended the 3rd Cambodia Travel Mart.

    Then last week, Dirk Salcedo, an aviation blogger based out of the Philippines, reported that closure of the route was imminent, citing its online booking platform and data from FlightRadar24.com that show no Cebu Pacific flights beyond Dec 7.

    The news saddened many Filipinos in Cambodia. The Kingdom is host to more than 6,000 Filipino nationals.

    Cebu Pacific started flying to Siem Reap in 2012 amidst a growing number of Filipinos visiting Angkor Wat, the Kingdom’s leading tourist destination.

    The thousands of Filipinos working and residing in Cambodia also factored in Cebu Pacific’s decision to establish a direct flight to Siem Reap, becoming the first such carrier from the Philippines to do so.

    Since then, the airline has been flying three times a week from Manila to Siem Reap and vice versa using an Airbus A-320 aircraft.

    Cebu Pacific’s decision to close the Siem Reap route means that Philippine Airlines (PAL) will be the sole Philippine carrier with direct flight to Cambodia.  PAL re-opened the Phnom Penh-Manila air route last year and now flies five times a week to Cambodia.

    A few other Philippine carriers like Royal Air Philippines operate charter flights servicing the Cambodia route.

    The Siem Reap service was not the sole casualty of Cebu Pacific’s decision to focus on more profitable air routes. The budget airline also ended its flights to Guam, a United States territory in the Western Pacific.

  • Cebu Pacific announces Chinese New Year seat sale

    Cebu Pacific announces Chinese New Year seat sale

    Cebu Pacific is offering promotional fares for the Chinese New Year, the airline said Sunday.

    The country’s largest carrier is offering P99 base fare for flights originating from Cagayan de Oro, Cebu, Clark, and Davao, while passengers can book a Manila to Kota Kinabalu flight for as low as P149.

    For the complete list of promotional fares, click here.

    Promotional fares are available from Dec. 14 to 16. Travel period for domestic flights is from January 15 to March 31, 2020, while travel period for international flights is from January 1 to March 31.

  • L’Oreal to take over Prada beauty-products business

    L’Oreal to take over Prada beauty-products business

    Italian luxury fashion house Prada has appointed French cosmetics company L’Oreal to develop its fragrance business starting next month.

    According to reporting in the South China Morning Post, the deal is “the first step of a licensing agreement to run the Italian fashion house’s luxury beauty products”. It follows the firm’s decision to decline to renew its existing license with Puig.

    “We thought it was a good opportunity to select a new partner, also considering the possibility to develop new projects that today we are not ready to disclose,” read an email from Prada to the Post. “We chose L’Oreal because it’s the leading company in the beauty sector and we believe it will help us to further exploit our brand’s potential.”

    Prada’s sales are currently in decline in China, compared to sales growth for L’Oreal.

    “China is going to be an important target market for this Prada/L’Oreal deal in all aspects,” said global market research firm Mintel senior research analyst Alice Li. “China is now one of the most important luxury markets globally, with luxury beauty being the fastest-growing sector. Beauty products from Prada’s competitors, such as Chanel, YSL and Dior among others, and more recently Gucci, have resulted in a buying frenzy in China, especially among younger consumers. The expansion into beauty seems quite necessary now if Prada wants to further foster the young generation of Chinese luxury shoppers.”

  • Burberry launches Google Lens pop-up experience store

    Burberry launches Google Lens pop-up experience store

    Burberry has launched a digital flash pop-up experience powered by Google Lens at Ely’s Yard, Brick Lane in London.

    Three large Burberry porcelain fawns are displayed inside glass display cases in an industrial-like setting. By scanning one of the glass boxes with the Google Lens app, users are able to see an aerial live feed of themselves on their phone, captured by a camera suspended 35 metres above them. To share the moment, participants can take a screenshot of themselves with the fawns to post on social media.

    The experience allows people to capture “unique moments of togetherness” with friends and strangers, exploring humans’ relationship with technology by presenting users with multiple perspectives on an image of themselves, said a Burberry spokesperson.

    Forming part of Burberry’s festive campaign ‘What is Love’, the pop-up experience was open from December 11 to 15.

  • Adidas Malaysia opens first-ever Brand Centre

    Adidas Malaysia opens first-ever Brand Centre

    Adidas Malaysia has launched a new Brand Centre at Kuala Lumpur’s Sunway Pyramid as it expands in the Southeast Asian market.

    The new 1328sqm “stadium-style” outlet stocks the full Adidas range from performance to fashion items. Its retail concept design is inspired by iconic city landmarks and cultural hues. The store facade features two large floor-to-ceiling LED screens.

    “The all-new brand center is Adidas Malaysia’s largest store to date, showcasing the latest retail concept and innovations from Adidas as well as our commitment as the No 1 global sports brand,” said Adidas Malaysia country manager Philip Ho. “[We want to be] the best sports company in the world to provide Malaysian consumers with the best products, best experiences and best services, and we intend to inspire the city further with our brand’s unique strength and creativity.”

    Features inside the store include a jersey customization hub, a footwear testing treadmill, and an area for original collections. Space will also serve as a consumer activation and engagement hub.

  • Thai Union Group Increases stake in Thammachart Retail

    Thai Union Group Increases stake in Thammachart Retail

    Food business Thai Union Group has increased its shareholding in Thammachart Seafood Retail to 65 per cent in a move to capture a greater portion of the seafood industry in Thailand.

    The firm purchased its initial 25.1-per-cent shareholding in Thammachart last year to build on its existing strength in frozen seafood and food services.

    “Thammachart Seafood provides professional management services to leading Thai retailers for their seafood counters, handling fresh and frozen products at 190 locations throughout Thailand,” Thammachart Seafood Retail CEO Julian G Davies told The Nation.

    “This includes four food-and-beverage concepts at 18 locations, The Dock Seafood Bar, The Lobster Lab, Seafood Mahanakorn as well as management of the Ocean Bar. We opened our third business unit earlier this year, the seafood-focused food service business, and this currently supplies top-end hotels and restaurants including several Michelin-star restaurants in Bangkok,” said Davies.

    “Having Thai Union on board will help us realise our mission to be the customers’ first choice in seafood.”

    Thai Union is expected to cross over into the Laotian, Cambodian and Chinese markets following its domestic expansion phase.

  • Delivery Hero Acquired Korean rival Woowa

    Delivery Hero Acquired Korean rival Woowa

    Berlin-headquartered online food-delivery operator Delivery Hero has acquired Seoul-based rival Woowa for US$4 billion.

    The acquisition will see Delivery Hero owning 88 percent of Woowa, with the remaining shares to be acquired over time.

    Woowa operates food delivery platform Baedal Minjok in South Korea, which it says generated approximately 100 million orders during the third quarter. It also includes the Baemin service in Vietnam, operated by Baedal Minjok.

    “Woowa is at the forefront of innovative technology services and has put Korea on the map in the global online food delivery industry,” said Delivery Hero CEO Niklas Ostberg.

    “We fully support Woowa to continue making investments and innovate for the benefit of the wider industry participants, including consumers, restaurants, employees, and riders,” he added.

    Along with the acquisition, the two companies agreed to set up a joint venture in Singapore to explore investment opportunities in the Asia-Pacific region and to further expand Delivery Hero and Woowa’s Asian footprint.

    The deal marks a complete circle of delivery services in Vietnam. Foodpanda exited the market in December 2015 and its then-parent sold the database to rival Vietnam. Delivery Hero bought out Foodpanda a year later and earlier this year, Baedal Minjok bought Vietnammm before rebranding it Baemin.

    Frankfurt-listed Delivery Hero was founded in 2011 with operations in more than 40 countries internationally, offering delivery services in more than 300 cities.

    Last year, Woowa grew revenues in South Korea by 96 percent over 2017 to €242 million, turning a pretax profit of €46 million. In the first nine months of this year, Woowa grew revenues in South Korea by 84 percent to €301 million, with GMV pretax profit of around €3 million. Its Vietnam subsidiary fulfilled about 1.5 million orders during the third quarter of this year.

  • HSBC Nets Bankers From UBS and Credit Suisse

    HSBC Nets Bankers From UBS and Credit Suisse

    HSBC Private Bank appointed four senior executives to strengthen the key areas of family advisory services and philanthropy within the Private Wealth Solutions business in Asia Pacific.

    As part of its push to grow its private banking business in the Asia Pacific, HSBC announced four senior hires on Monday. Aik-Ping Ng joins as Co-Head of Family Office Advisory and Senior Family Governance Advisor, Asia Pacific while Edith Ang will be Co-Head of Family Office Advisory and Senior Family Governance Advisor, Asia Pacific, the bank said in a media statement on Monday.

    Both of them will work with client families to develop long-term succession plans, which includes providing the highest standard of advisory on establishing and professionalizing family offices, trusts and estate planning, family governance and preparing for the transition of responsibility to the next generation.

    Aik-Ping Ng has over 17 years of international and China-based experience in private equity, corporate finance, strategic M&A, family office advisory and asset management to HSBC. Most recently, Ng was a Senior Advisor at UBS, working with Ultra High Net Worth (UHNW) clients in the formulation, review, and implementation of family office solutions.

    Edith Ang joins HSBC after 13 years at UBS, where she worked with UHNW families in Asia on the formulation, review, and implementation of family legacy solutions.

    In addition, Dorothy Chan has been appointed to be Head of Philanthropy Advisory and Charitable Services, Asia Pacific, while Christine Wong will take up the role of Head of Greater China Market, Private Wealth Solutions. Dorothy Chan succeeds Cynthia D’Anjou-Brown, the previous head, as the latter will retire from HSBC in December this year after almost 15 years of service.

    As a leading private and institutional client trustee platform, we are dedicated to building lasting relationships with HNW and UHNW families to identify the solutions to support them across the generations, said Cynthia Lee, Regional Head of Private Wealth Solutions, the Asia Pacific in a media statement.

    Dorothy Chan joins HSBC after 19 years of experience in a variety of senior roles in the private, public and not-for-profit sectors. She previously worked at Galaxy Entertainment as Vice President, Corporate Relations. Chan has deep experience working with a number of leaders to define a vision and create solutions that contribute to the sustainable development of a range of diverse communities.

    Working closely with HSBC’s teams in EMEA and the Americas, Chan will help drive coordinated philanthropy efforts including building charities and connecting. She will also lead the team supporting clients in the development of their charitable goals.

    Christine Wong joins HSBC from Credit Suisse, where she was Director of Trust and Estate Advisory Team for the Greater China Market. Prior to joining HSBC, she gained 25 years of experience in cross-border trusts in senior wealth planner roles at Credit Suisse, Edmond de Rothschild, UBS, and J.P. Morgan.

    She also has served as Managing Director of the Asiaciti Trust group’s Hong Kong office with responsibility for the fiduciary management and trust operations of the business. In her new role, Christine Wong will be integral to the further development of HSBC’s Private Wealth Solutions business in Greater China.

  • Vietjet CEO among world’s 100 most powerful women

    Vietjet CEO among world’s 100 most powerful women

    Vietjet Air CEO Nguyen Thi Phuong Thao is one of 100 most powerful women in the world this year, according to a Forbes listing. The only Vietnamese woman on the list, Thao was placed 52nd, down eight places from last year. This is the third year in a row she has been included in Forbes magazine’s list of 100 most powerful women in the world.

    The list was compiled based on assets, impact, spheres of influence and media presence, the magazine said.

    It estimated that the budget carrier CEO and the richest woman in Vietnam to have a net worth of around $2.7 billion as of December 13.

    Thao, 49, has done business in Vietnam and abroad in many fields, including finance, banking, aviation, real estate, and retail.

    She launched Vietjet in 2011. The airline now leads the domestic market with a 45 percent share. It operates 385 flights daily within Vietnam and to Japan, Hong Kong, South Korea, Taiwan, Singapore, mainland China, Thailand, Myanmar, and Malaysia.

    The carrier launched its IPO on the Ho Chi Minh City Stock Exchange in February 2017, becoming the first airline in Vietnam to list publicly.

    Vietjet has now surpassed national flag carrier Vietnam Airlines in terms of passengers carried. It has a fleet of 80 aircraft flying to 120 destinations.

    German Chancellor Angela Merkel was adjudged the most powerful woman in the world for the ninth consecutive year. She was followed by French politician Christine Lagarde, who serves as the President of European Central Bank, and Speaker of the U.S. House of Representatives Nancy Pelosi.

  • Uber Submits Appeal To Regain London Taxi License

    Uber Submits Appeal To Regain London Taxi License

    Uber submitted an appeal on Friday against a decision by London’s transport regulator to strip the taxi app of its right to operate in one its most important markets, setting up a potentially lengthy legal process during which it can continue to take rides. Last month, Transport for London (TfL) refused to grant the Silicon Valley-based company a new license due to what it called a “pattern of failures” on safety and security, the latest stage of a long-running battle with the authorities.

    Uber, which was also denied a license by TfL in 2017 before a judge restored it on a probationary basis, said it had changed its business model over the last two years and would go further, as it lodged its appeal at Westminster Magistrates’ Court.

    “We are committed to Londoners and are working closely with TfL to address their concerns and requests, as we have since 2017,” said the firm’s Northern and Eastern Europe boss Jamie Heywood. TfL director Helen Chapman said it would now be for a magistrate to decide.

    “We found Uber not fit and proper to hold a new private hire operator’s license on 25 November,” she said in a statement. “We note that Uber has submitted an appeal and it will now be for a magistrate to determine if they are fit and proper.”

    The firm’s roughly 45,000 drivers in London will still be able to take rides until the appeals process is exhausted, which could take months or even years.

    The regulator said in November that unauthorized drivers were able to upload their photos to other Uber accounts so that on at least 14,000 trips a driver other than the advertised one picked up passengers.The Silicon Valley company has run into regulatory barriers and a backlash in several markets, forcing it to withdraw completely from places such as Copenhagen and Hungary.

    In London, black cab drivers who see Uber as a threat to their livelihoods have blocked streets in protest, arguing that they are being unfairly undercut by an inferior service.

  • Audi Introduces 25 Years Anniversary Package For RS Models In Europe

    Audi Introduces 25 Years Anniversary Package For RS Models In Europe

    Audi is celebrating 25 years of its RS models and has announced an exclusive package for its performance models. Audi has released an exclusive equipment package for the Audi TT RS Coupe, RS 4 Avant, RS 5 Coupe, RS 5 Sportback, RS 6 Avant and the RS 7 Sportback models. It was the RS 2 Avant that kicked off things for Audi in the hot performance segment back in 1994 and every RS model gets some elements both on the outside and inside which are inspired by the RS 2 Avant.

    The anniversary package includes a matt aluminum look with gloss black for the exterior of all models, a front blade for models like the RS 4, RS 5, RS 6, and RS 7*, as well as the inlays in the side sills. The horizontal web of the rear diffuser also features a matt aluminum look. Moreover, the four rings, RS logos and wing mirrors along with the rear wing of the TT RS Coupe are finished in gloss black. An exclusive RS anniversary logo showing the number “25” is projected onto the ground when the doors are opened and is also featured on the hub cap. The wheels itself are designed in a two-color look featuring silver and gloss anthracite.

    The interior is also inspired by the iconic RS 2. The cabin is finished in all black an there are cobalt blue accents in Alcantara on the piping of the floor mats and the 12 o’clock marking on the steering wheel rim. The RS sport seats with a honeycomb pattern in the TT RS, RS 4, and RS 5 are draped in Nappa leather with seat center panels in Alcantara, just like the very first RS 2 Avant had back in the day. The seat upholstery of the RS sport seats in the RS 6 and RS 7 is finished in perforated Valcona leather. A special touch on the inside is the ’25 years’ logo on the shoulder area of the seats, floor mats, and the door trim panels. The anniversary package has only given cosmetic updates to the RS models and mechanically they remain unchanged.

  • E-Land shutters stores as profit tumbles

    E-Land shutters stores as profit tumbles

    South Korean retail giant E-mart is closing loss-making specialty stores as it responds to falling sales in a gloomy retail market.

    After closing outlets in its discount Pierrot Shopping network in July, the company is now looking at trimming the network further.

    “We’re considering closing the Pierrot Shopping store in Myeong-dong in order to enhance the profitability of specialty stores,” an E-mart official told The Korea Times.

    The company has also closed 18 out of its 33 Boots health & beauty stores and the Pangyo branch of its technology-retailing chain Electro Mart.

    E-Land launched Boots under license in 2017 to take on CJ Group’s market-leading chain Olive Young, but the brand has made a little impact to date.

    E-mart’s profit fell from 194.6 billion won (US$166 million) in the third quarter of last year to 116.2 billion won ($97.2 million) in the same period this year.

    Analysts predict incoming CEO Kang Heui-seok will continue to rationalize store networks and focus on the group’s burgeoning online business SSG.com.

    “E-mart will accelerate is business transformation under Kang’s leadership, as the CEO has extensive retail experience and ability to drive growth” an HI Investment & Securities analyst told The Korea Times.

    “The company will seek to recover its profitability by minimizing unprofitable businesses and focusing more on the online sector, SSG.com.”

  • 5G tops list of top 10 technology trends for 2020

    5G tops list of top 10 technology trends for 2020

    Juniper Research has revealed its top 10 technology trends for 2020, with 5G data network the standout.

    Other trends involve brands Huawei, Google and Netflix with the list rounded out by a strong warning for consumers.

    Juniper Research’s top 10 technology trends for 2020 are:

    1. 5G – Last-mile fibre rollouts will be replaced by 5G connectivity.
    2. OTT TV – Over-the-top television services will prompt advertising services to develop a functional attribution ecosystem to preserve marketing message channels for brand clients.
    3. Mobility as a Service – Open data in transportation will start to drive MaaS beyond Europe.
    4. Games – Subscription models will flourish in the games market, but ‘live’ elements will diminish in popularity.
    5. Netflix will have to seek out new sources of revenue growth as competition increases.
    6. Google will expand its Rich Communications Services in Europe.
    7. Google will leverage its newly acquired Fitbit division’s health credentials to mount a challenge to Apple Watch.
    8. Huawei’s ban will expand, resulting in uneven growth of the 5G network internationally.
    9. Robotics – Consumer robots will launch via subscription models.
    10. Voice Assistants – Security concerns will come to a head bringing trouble for smart-homes devices.

    Juniper says with the first commercial launches of 5G networks occurring this year, next year –  2020 – will be the one in which 5G connectivity starts to replace costly rollouts of fibre networks in remote areas.

    “We anticipate that the high bandwidth and throughput of 5G networks will provide a highly appealing and cost-effective alternative to the rollout of fibre,” said a Juniper spokesperson.

    Meanwhile, number two in Juniper’s top 10 technology trends for 2020 – the launch of new OTT (Over-the-Top) TV services will experience launches of functional advertising attribution systems that will align advertising closer to the wider digital advertising ecosystem.

    Juniper also believes that open-data initiatives will provide the perfect platform to expand the presence of MaaS (Mobility-as-a-Service) deployments outside of Europe.

    “We predict that increasing transparency between stakeholders will create new levels of efficiency for services launches in regions such as North America and Asia Pacific over 2020.”