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Tag: Boosts

  • Ferrero Boosts US Breakfast Presence with Purely Elizabeth Acquisition

    Ferrero Boosts US Breakfast Presence with Purely Elizabeth Acquisition

    The Ferrero Group, an international confectionery company, has confirmed its plans to acquire Purely Elizabeth, a wellness brand from the U.S. that has gained significant recognition in the health-conscious food sector. The move by Ferrero is aimed to further solidify their standing in the American breakfast market.

    The collaboration with Purely Elizabeth will allow Ferrero to extend its consumer reach through a blend of continued product innovation, enhanced operational abilities, and wider distribution. These initiatives will guide the next growth stage of the Purely Elizabeth brand.

    Implications for Ferrero’s U.S. Market Presence

    Giovanni Ferrero, president of Ferrero International SA, expressed his satisfaction with this addition to Ferrero’s expanding U.S. portfolio, citing Purely Elizabeth’s impressive range of high-quality, palatable products.

    He further asserted that this deal amplifies Ferrero’s recent acquisition of WK Kellogg Co, strengthening both its influence in American breakfast consumption and its foothold in the health-centered food market.

    Purely Elizabeth, established in 2009, has witnessed its sales more than double in the last two years. This success has been primarily fueled by its innovative collection of granola, oatmeal, and cereals, and its venture into the rapidly expanding protein market.

    Elizabeth Stein, founder and CEO of Purely Elizabeth, expressed her pride in the brand’s evolution over the past 17 years. She emphasized that partnering with Ferrero is the result of finding a collaborator who recognizes the unique essence of the Purely Elizabeth brand and shares a mutual commitment to quality, innovation, and sustainable growth.

    Upon merging, Purely Elizabeth will operate as an independent brand within the Ferrero Group. Stein will maintain her position alongside the current leadership team.

    Aligning with Consumer Preferences

    Lapo Civiletti, president of Ferrero Ice Cream and WK Kellogg Co, praised Purely Elizabeth’s knack for creating premium products that align with changing consumer preferences. He emphasized that this makes it a perfect addition to Ferrero’s portfolio and aligns with the company’s strategy of investing in high-growth categories.

    Civiletti emphasized Ferrero’s anticipation to support the continued growth of Purely Elizabeth while preserving the entrepreneurial spirit that has contributed to its success.

    The finalization of this transaction is anticipated in the following months, pending customary closing conditions and regulatory approvals.

    Questions & Answers

    What does the acquisition of Purely Elizabeth mean for the Ferrero Group?
    The acquisition allows Ferrero to strengthen its presence in the American breakfast market and expand its reach within the health-conscious food sector, aligning with evolving consumer preferences.

    What will happen to Purely Elizabeth post-acquisition?
    Purely Elizabeth will operate as an independent brand within the Ferrero Group. The current CEO, Elizabeth Stein, will continue in her role alongside the existing leadership team.

    What makes Purely Elizabeth a good fit for Ferrero’s portfolio?
    Purely Elizabeth’s ability to stay in tune with changing consumer tastes through its premium product range makes it a complementary addition to Ferrero’s portfolio. It aligns with Ferrero’s strategy of investing in high-growth categories.

  • DHL Express Boosts Asia-Europe Trade with New Direct Shanghai-Bangkok Flight Amid Rising Indochina Economy

    DHL Express Boosts Asia-Europe Trade with New Direct Shanghai-Bangkok Flight Amid Rising Indochina Economy

    DHL Express, the global logistics company, has recently introduced a new direct flight service connecting Shanghai and Bangkok. This additional capacity expands a trade route that forms a critical link between China and the burgeoning economies of Indochina. The newly launched flight route—travelling from Shanghai, via Bangkok and Bahrain, to Brussels and then back to Shanghai—significantly bolsters interconnectivity between various markets in Asia, the Middle East, and Europe. The sourcing, manufacturing, and consumption markets across these regions will benefit from this enhanced connectivity.

    The new route is serviced by a DHL Boeing 767 freighter, which has a maximum payload of 50 tons. This daily service underscores DHL Express’s continued commitment to invest in network capacity and infrastructure in high-growth markets. It also mirrors DHL’s ongoing efforts to monitor and adapt swiftly to changing trade patterns.

    Responding to Changing Trade Flows

    Peter Bardens, Senior Vice President for Network Operations & Aviation – Asia Pacific, DHL Express, expressed the company’s proactive response to evolving trade flows in Asia. Bardens highlighted the company’s observation of an increasing shift of goods between China and Southeast Asia, matched by a continued demand from European and Middle Eastern customers for products manufactured in the region. The new route is designed to bolster DHL’s network, providing greater capacity and more direct connections between pivotal production and consumption markets.

    Bangkok, being a strategic gateway to the Indochina region, is an important part of the new route. Additionally, DHL Express hubs in Bahrain and Brussels play a crucial role. The Shanghai-Bangkok route allows DHL Express to efficiently consolidate shipments from China and Southeast Asia before distributing them to various destinations across Europe and the Middle East.

    Supporting Increased Trade and E-Commerce

    The introduction of DHL’s direct flight service is timely, with manufacturers and traders in markets including Thailand, Vietnam, Cambodia, and Laos increasingly sourcing from China. These shipments frequently form part of intricate production chains that span several countries. As trade links between China and Southeast Asia strengthen, DHL Express is enhancing the speed, flexibility, and resilience of its network, which assists customers in moving materials, components, and finished products across Asia and onto global markets.

    Despite the dispersion of international business activities across global markets, businesses in Europe and the Middle East continue to maintain robust trade relations with their counterparts in China and Southeast Asia. The new route fosters trading opportunities for businesses and enhances accessibility for both regions.

    In conclusion, as both intra-Asia and global trade flows continue to display resilience, DHL remains committed to investing in its dedicated air network.

    Questions & Answers

    What is the purpose of the new DHL flight route connecting Shanghai and Bangkok?
    The new route aims to enhance connectivity between markets across Asia, the Middle East, and Europe by increasing the capacity of a trade route linking China and the rapidly growing economies of Indochina.

    Who is expected to benefit from this new route?
    Manufacturers, traders, and customers moving materials, components, and finished products from China and Southeast Asia to various destinations across Europe and the Middle East will benefit from this new route.

    How is DHL responding to changes in trade patterns?
    DHL is actively investing in network capacity and infrastructure in high-growth markets. The company is also improving the speed, flexibility, and resilience of its network to enhance its service for customers in these markets.

  • Haidilao Dives into Burger Biz Again, Boosts Sushi Venture Amid Cooling Hotpot Demand

    Haidilao Dives into Burger Biz Again, Boosts Sushi Venture Amid Cooling Hotpot Demand

    Chinese hotpot giant Haidilao is making another attempt to break into the burger industry with its new venture, Fresh Burger, while simultaneously growing its budding sushi brand, Nyoisushi. This diversification comes as the company’s main business experiences a slowdown.

    Fresh Burger, Haidilao’s latest venture, was launched in Wuhan last month. The restaurant prides itself on its fresh grilled burgers, a departure from the frozen pre-made patties that many other fast-food chains utilize. Prices at Fresh Burger range from 18.9 yuan (approximately $2.80) to 41.9 yuan, and the menu also includes a variety of other options such as pizza, pasta, coffee, and ice cream.

    Alongside its expansion into the burger market, Haidilao has also been concentrating on growing its sushi brand, Nyoisushi. Following the success of its inaugural store in Hangzhou, the company has opened two additional outlets in Wuhan.

    Financial Situation and Future Plans

    Despite these ambitious expansions, Haidilao recently reported a 14% decrease in net profit for the fiscal year 2025, resulting in a sum of 4.05 billion yuan (about $600 million). Despite the drop, revenues still saw a slight increase of 1.1%, totaling 43.23 billion yuan.

    In light of these financial results, Haidilao announced plans to grow its multi-brand portfolio while focusing on enhancing the customer experience. The company aims to leverage digitalization and strategic acquisitions to achieve this goal. Beyond burgers and sushi, Haidilao also operates several other ventures, including seafood restaurants and Chinese fast-food chains.

    Haidilao’s previous attempt to break into the burger market was with Hiburger, launched in 2024. Despite initial hopes, Hiburger ended operations just a year later in 2025.

    This renewed effort to establish a foothold in the burger market comes as American fast-food chains bolster their presence in China. Notably, Burger chain Five Guys is slated to open its first store in Beijing in August, following its debut in Shanghai in 2021. Other U.S. chains such as Wendy’s and Texas Chicken have also announced their plans to enter the Chinese market, while Popeyes made a comeback in April after a two-decade-long absence since 2003.

    Questions & Answers

    What is the new venture of the Haidilao?
    Haidilao has launched a new burger chain called Fresh Burger and is expanding its sushi brand, Nyoisushi.

    What is the price range of food items at Fresh Burger?
    The prices at Fresh Burger range from 18.9 yuan (approximately $2.80) to 41.9 yuan.

    What are Haidilao’s future plans following its recent financial results?
    Haidilao plans to expand its multi-brand portfolio, improve the customer experience, increase digitalization, and pursue strategic acquisitions.

  • Retailers Strive for AI Traffic Boosts without Sacrificing Customer Data Security

    Retailers Strive for AI Traffic Boosts without Sacrificing Customer Data Security

    As customers are increasingly leveraging ChatGPT and Google’s Gemini for product recommendations, retailers are looking to capitalize on the opportunity by making their products appear prominently in chatbot search results. However, they are wary of relinquishing customer data, which forms the basis of online sales and customer loyalty.

    Leading retailers like Walmart, Ulta Beauty, and Wayfair are revamping their websites in response to the upsurge in online traffic from AI platforms. They aim to ensure their products rank high in chatbot searches, but want transactions to continue happening on their platforms. This allows them to gather crucial data on browsing behavior, basket sizes, and previous purchases, which is instrumental in future sales and maintaining customer loyalty.

    The Rising Influence of AI in Retail

    AI agents, including Anthropic’s Claude and Gemini, are leading customers to retail websites, with a projection of up to $8 billion in spending this year. According to Adobe Analytics, 41% of US consumers utilized generative AI for online shopping in June, with AI-referred visitors generating 41% higher revenue per visit than those arriving via traditional means.

    Unlike search engines, which rank pages based on keywords and links, chatbots answer detailed queries. This is prompting retailers to reevaluate their online product descriptions and how customers discover their brands. As Josh Friedman, Ulta Beauty’s head of digital and e-commerce, puts it, “Whether it’s Google search, affiliate marketing, or Facebook, there’s always a price to pay for engaging customers on other people’s platforms. This is no different.”

    Ulta Beauty has noticed a significant surge in conversion and customer intent from shoppers discovering its products through Gemini and ChatGPT. Collaborating with Google, the company is integrating shopping carts and its Ulta Beauty Rewards loyalty program into AI-powered shopping within Gemini. However, Friedman maintains that the retailer would rather have customers conclude transactions on Ulta’s website.

    Retailers’ Advantage

    Retail executives claim an advantage over general-purpose AI tools due to their in-depth knowledge of customer preferences. For instance, when a customer completes a purchase on a brand’s site, the retailer continues to maintain a direct relationship with that customer, according to Vince Koh, global head of digital commerce at Amazon Web Services.

    The Knot, a wedding-planning platform, is adopting a similar approach. They are optimizing their website to pop up in ChatGPT results, but encourage customers to book wedding venues and invitations directly via their website.

    Despite ChatGPT and Gemini becoming critical marketing tools, customers seem more at ease completing purchases on retailers’ own websites. For instance, OpenAI shut down Instant Checkout, a tool that allowed purchases through ChatGPT, and is now focusing on product discovery. Etsy has also observed users finding products through ChatGPT and returning to Etsy’s website to complete the transactions.

    Questions & Answers

    Why are retailers eager to rank highly in chatbot searches?
    To capitalize on the increasing online traffic from AI platforms and to enhance customer engagement and sales.

    How is AI influencing customer shopping behavior
    AI agents like Anthropic’s Claude and Gemini are directing users to retail sites, with AI-referred visitors generating significantly higher revenue per visit.

    Why do retailers prefer customers to complete transactions on their own platforms?
    This allows them to gather crucial data on customer behavior, which is instrumental in driving future sales and maintaining customer loyalty.

  • MegaFon Tajikistan Boosts 4G, Paves Way for 5G with Major Network Upgrade and Fiber Expansion

    MegaFon Tajikistan Boosts 4G, Paves Way for 5G with Major Network Upgrade and Fiber Expansion

    In the first half of 2026, MegaFon Tajikistan, the telecommunications operator, reported significant infrastructure upgrades. These included an upgrade of 47 base stations, expansion of LTE coverage, reinforcement of its fiber transport network, and enhancement of its core infrastructure.

    Boosting Network Capacity and Preparing for 5G

    During the months of January to June, MegaFon Tajikistan undertook the upgrade of 47 base stations, deploying additional 4G spectrum, inclusive of the 2600 MHz band. This move was aimed at increasing network capacity. The company also installed new base stations in 23 settlements and added 85 more 4G modules in existing locations.

    The operator conducted a 5G network test, achieving data speeds of 1.1 Gbps. According to MegaFon, this accomplishment illustrates the readiness of their infrastructure for 5G, although an official commercial launch date has not yet been announced.

    Strengthening Infrastructure and Expanding Capacity

    With regard to its transport network, MegaFon set its southern fiber transport ring in the Khatlon region into operation, boasting a capacity of 100 Gbps. The operator also completed the construction of the Dushanbe-Shurobod-Darvoz transport route. Both projects are expected to enhance network stability and offer more capacity to accommodate the escalating internet traffic.

    The company continued to enhance its core network, which included expanding the capacity of its Voice over LTE (VoLTE) platform. With 394,000 active VoLTE users, the platform can now accommodate up to two million subscribers.

    MegaFon stated that its network modernization projects were prioritized based on network load, growth in mobile internet usage, subscriber numbers, and regional development prospects. Majority of the upgrades were executed in the districts surrounding Dushanbe and in the Khatlon region.

    Anatoly Izyumnikov, CEO at MegaFon Tajikistan, said that the key aspect of the half-year period was a comprehensive approach: the expansion of the radio network, enhancement of the transport infrastructure, and the modernization of the network. Although many of these projects are not visible to subscribers, their collective result ensures stable mobile communication and data transmission.

    Looking ahead to the second half of 2026, MegaFon intends to continue its network expansion. This includes deploying over 100 new base stations, installing around 430 additional LTE modules, and upgrading 150 existing 4G base stations with 4T4R technology to improve network performance and capacity. The operator also has plans to build an additional 180 kilometers of fiber network by the end of the year.

    Questions & Answers

    What improvements did MegaFon Tajikistan make in the first half of 2026?
    MegaFon Tajikistan upgraded 47 base stations, expanded LTE coverage, enhanced its fiber transport network, and improved its core infrastructure.

    What does the 5G network test indicate?
    The 5G network test, which achieved data speeds of 1.1 Gbps, indicates that MegaFon’s infrastructure is ready for a transition to 5G.

    What is MegaFon’s plan for the second half of 2026?
    MegaFon plans to deploy over 100 new base stations, install around 430 additional LTE modules, upgrade 150 existing 4G base stations with 4T4R technology, and build an additional 180 kilometers of fiber network.

  • AllianzGI Boosts Southeast Asia Presence With Monumental UOB Asset Management Acquisition

    AllianzGI Boosts Southeast Asia Presence With Monumental UOB Asset Management Acquisition

    Allianz Global Investors (AllianzGI) is set to acquire UOB Asset Management (UOBAM), the asset management division of Singapore’s United Overseas Bank (UOB). This acquisition will notably augment AllianzGI’s influence in Southeast Asia and provide broader access to one of the region’s most extensive banking distribution networks.

    This agreement, which comprises a long-term strategic distribution association with UOB, will propel AllianzGI’s assets under management for clients in the Asia Pacific to exceed EUR 170 billion. The financial terms of the deal involve a purchase price of SGD 555 million (EUR 376 million), which includes surplus capital and the value of the distribution accord. The acquisition is anticipated to be finalized by 2027, pending regulatory approvals.

    The purchase will grant AllianzGI immediate access to established distribution platforms and local market expertise in rapidly expanding markets such as Thailand, Malaysia, and Vietnam. It will also reinforce its existing operations in Singapore, Taiwan, and Indonesia. In Singapore, a market where AllianzGI has been active since 1999, the deal will instantaneously double the firm’s assets under management.

    Expansion in Southeast Asia

    UOB Asset Management currently manages approximately EUR 28 billion in assets and operates in eight Asian markets: Singapore, Brunei, Thailand, Malaysia, Indonesia, Taiwan, Japan, and Vietnam.

    In addition to enlarging AllianzGI’s regional presence, the deal also diversifies its investment capabilities. UOBAM contributes established expertise in Southeast Asian equity strategies and Sharia-compliant investments, enhancing AllianzGI’s global active investment platform. This will create opportunities to develop novel investment solutions for clients.

    A crucial aspect of the agreement is the long-term distribution contract with UOB, which serves more than eight million customers across ASEAN. This partnership is expected to augment the bank’s wealth management offerings while providing AllianzGI with enduring access to one of Southeast Asia’s largest retail banking networks.

    Emphasis on Wealth Management

    For UOB, the transaction is part of a broader plan to fortify its wealth management business while continuing to offer investment solutions through its partnership with AllianzGI.

    As the number of customers UOB serves across ASEAN exceeds eight million, their wealth creation and investment needs are becoming increasingly diverse and sophisticated. The integration of UOB’s advisory capabilities and client relationships with Allianz Global Investors’ investment expertise will position the firm to meet the evolving needs of customers and support their long-term wealth ambitions. This transaction will also accelerate the growth of UOB’s wealth management business and create sustainable value for shareholders. Throughout the transition, maintaining continuity for both customers and employees will be the topmost priority.

    Questions & Answers

    What is the anticipated impact of the transaction on AllianzGI’s operations in Asia Pacific?

    The acquisition is expected to increase AllianzGI’s assets under management for clients in the Asia Pacific region to over EUR 170 billion.

    How does the transaction benefit UOB’s wealth management business?

    The deal allows UOB to strengthen its wealth management offerings, meet the diverse and sophisticated investment needs of its customer base, and support their long-term wealth ambitions.

    What strategic benefits does the long-term distribution agreement offer to AllianzGI and UOB?

    For AllianzGI, the agreement provides long-term access to one of Southeast Asia’s largest retail banking networks. Conversely, for UOB, it enhances their wealth management offerings to their over eight million customers across ASEAN.

  • Malaysia Boosts Digital Infrastructure with New SALAM Submarine Cable Network

    Malaysia Boosts Digital Infrastructure with New SALAM Submarine Cable Network

    Malaysia is making strides in its efforts to enhance digital connectivity within the country. The nation’s communications regulatory body is encouraging licensed telecommunications entities to consider participating in the construction of a new domestic underwater cable network.

    The Malaysian Communications and Multimedia Commission (MCMC) has prompted qualified license holders to indicate their interest in this groundbreaking project on July 16. They were also asked to present an initial Universal Service Plan for evaluation. The regulator requested draft proposals, however, they did not provide a final date for submissions.

    The planned network, named SALAM (Sambungan Kabel Dasar Laut MADANI), is projected to extend over 5,582 kilometers. It will consist of four submarine cable segments connecting ten landing stations scattered throughout the nation. SALAM’s primary objective is to bolster Malaysia’s internal communications infrastructure by creating a new underwater backbone that connects Peninsular Malaysia with Sabah and Sarawak.

    According to Communications Minister Fahmi Fadzil, the new network is expected to eventually replace the ageing SCREAM cable system. This system has been a significant domestic link for over a decade.

    With the introduction of SALAM, the MCMC plans to further augment domestic transmission capacity. It also aims to support multiple services and industries such as nationwide 5G expansion, broadband services, cloud computing, artificial intelligence applications, data centers, and other digital industries. Funded under Malaysia’s USP framework, SALAM will assist in financing communications projects in underserved regions, with contributions sourced from qualifying telecommunications license holders.

    Oscar Ling, a Sibu Member of Parliament, applauded the project, stating that it would enhance connectivity between Peninsular Malaysia, Sabah, and Sarawak. He also noted that it would help deliver more reliable internet services to communities in Sibu and across Sarawak.

    The progression of the project is contingent on the expressions of interest and draft Universal Service Plans submitted by eligible telecommunications companies. The MCMC has not yet announced when these submissions will be made public.

    Questions & Answers

    What is the aim of the SALAM network?
    The SALAM network aims to bolster Malaysia’s domestic communications infrastructure by creating a new underwater backbone that connects Peninsular Malaysia with Sabah and Sarawak.

    What services and industries will SALAM support?
    SALAM plans to support multiple services and industries such as nationwide 5G expansion, broadband services, cloud computing, artificial intelligence applications, data centers, and other digital industries.

    Who is funding the SALAM project?
    The SALAM project will be funded under Malaysia’s USP framework, which finances communication projects in underserved regions with contributions from qualifying telecommunications license holders.

  • Me Today Skincare Brand Boosts Earnings Outlook Amid Global Expansion Opportunities

    Me Today Skincare Brand Boosts Earnings Outlook Amid Global Expansion Opportunities

    New Zealand’s publicly traded skincare company, Me Today, is adjusting its earnings forecast upwards, spurred by promising growth and robust global prospects.

    Boosting Revenue and Slowing EBITDA Decline

    In advance of the company’s forthcoming disclosure of its annual financial results, Me Today has announced that it anticipates a significant increase in gross revenue. Furthermore, the EBITDA decline is projected to be less severe than previously estimated.

    The company’s accomplished performance in its home territory, New Zealand, has paved the way for possible international growth. The co-founders of Me Today have recently come back from trips to Southeast Asia and China, where they participated in events aimed at promoting their brand.

    Expansion into Asia and New Product Rollouts

    During a visit to Malaysia, Me Today was launched at the second anniversary celebration of its distributor. Michael Kerr and Stephen Sinclair, co-founders of the brand, shared the brand’s origin story and introduced the initial product range to an audience of over 600 influencers and reseller partners.

    Ahead of its official launch in Southeast Asia, the company has shipped its products to the region, with nine products now up for sale in that market. Additionally, Me Today had the opportunity to exhibit its brand to an estimated 100,000 purchasers at the Children, Baby, and Maternity Expo in Shanghai.

    Back home in New Zealand, Me Today is preparing to further expand its product portfolio. The company has plans to launch an additional 20 products before the year’s end.

    Questions & Answers

    What are Me Today’s plans for international expansion?
    According to the brand’s co-founders, Me Today is focusing on Southeast Asia and China for its international expansion. The company has already begun promoting its brand in these regions and has introduced its product range to hundreds of potential partners and influencers.

    How many products does Me Today plan to introduce by the end of the year?
    Me Today aims to introduce 20 new products in its home market, New Zealand, by the end of the year.

    What is the company’s revised earnings guidance?
    While the exact figures are yet to be released, Me Today anticipates a rise in gross revenue and a slower decline in EBITDA than previously predicted.

  • Authentic Brands Group Boosts Nautica and Spyder Growth in China with New Operating Partner, Shanghai Hui Zhong

    Authentic Brands Group Boosts Nautica and Spyder Growth in China with New Operating Partner, Shanghai Hui Zhong

    Authentic Brands Group has announced Shanghai Hui Zhong as its primary operational partner for the Nautica and Spyder brands in mainland China, Hong Kong, and Macau. The new appointment aims to bolster the brands’ growth trajectory in these regions.

    Strengthening Local Operations

    Shanghai Hui Zhong will be responsible for managing local operations, encompassing supply chain management, wholesale distribution, and the operation and expansion of the brands’ physical retail stores. Leveraging its understanding of the local market and its robust distribution channels, the company will support the expansion of Nautica and Spyder in the region.

    The partnership, according to Authentic, is a strategic blend of its global brand development platform with Hui Zhong’s local capabilities. This is expected to reinforce Nautica’s and Spyder’s presence in the Chinese market.

    Authentic stated, “This partnership demonstrates our continued dedication to collaborating with top-tier partners to extend the reach and influence of our global brands in the Chinese market. Through global brand management and localized operations, Authentic and Huizhong will cooperate to unveil new growth avenues for Nautica and Spyder in China.”

    Transition from Tristate Holdings

    Since 2018, Tristate Holdings had maintained the management of Nautica and Spyder in China through licensing agreements with Authentic Brands Group. This agreement was extended through December 2032 for Nautica following amendments to the licensing agreements in 2021.

    According to the 2025 annual report, Nautica’s revenue saw a 12% decrease year over year, and Spyder’s experienced a 24% drop due to weakened consumer spending affecting China’s retail market. This led to the company optimizing its store network, ending 2025 with 70 directly managed Nautica stores, 44 partner stores, and 42 Spyder stores spread across China.

    Tristate recently disclosed in a Hong Kong Stock Exchange filing that Authentic had issued notices to terminate the Nautica and Spyder license agreements, which are still under legal proceedings. Authentic did not comment on the status of its licensing arrangements with Tristate in its announcement of the Shanghai Hui Zhong partnership.

    Earlier in the year, Authentic had also chosen NewRee Sports as Reebok’s main operating partner for mainland China, Hong Kong, and Macau, marking a shift in the brand’s operating structure in the region.

    Questions & Answers

    Who has been chosen as the new operating partner for Nautica and Spyder in mainland China, Hong Kong, and Macau?
    Shanghai Hui Zhong has been selected as the new operating partner for these brands in the specified regions.

    What led to the decline in Nautica’s and Spyder’s revenues in 2025?
    The brands’ revenues were impacted by weakened consumer spending in China’s retail market.

    Who was previously managing Nautica and Spyder in China?
    Prior to the new appointment, Tristate Holdings held the management responsibilities for these brands under a licensing agreement with Authentic Brands Group.

  • Costco Leverages JD.com for Bold China Expansion, Boosts Online Presence Beyond Warehouses

    Costco Leverages JD.com for Bold China Expansion, Boosts Online Presence Beyond Warehouses

    Costco, the multi-national corporation recognized for its warehouse club model, has embarked on an exciting new venture in China. Costco has launched an online flagship store on JD, one of China’s largest online retailers, thereby marking a significant point in its expansion in the Chinese market. This strategic move aims to augment Costco’s digital presence beyond the parameters of its existing network of physical warehouses.

    A Growing Online Presence

    The collaboration with JD makes it possible for consumers across China to access approximately 700 products. The diverse range of offerings includes grocery items, household essentials, health supplements, beauty products, and Costco’s private-label range, Kirkland Signature. Notably, the online store allows Costco to penetrate cities where it currently does not have a physical presence.

    The launching of the flagship store on JD represents a crucial milestone for Costco in China. It signifies a significant shift in strategy that emphasizes the importance of online retail in the current market scenario. Costco China says, “By leveraging JD’s well-established online platform and extensive logistics network, we are able to overcome regional limitations and extend our reach into broader markets. This allows us to effectively deliver Costco’s signature merchandise and service value to consumers across the country.”

    Impressive Initial Response and Expansion Plans

    The online store first underwent a trial phase in late May. It was met with an overwhelmingly positive response, attracting over 30 million visits and almost 200,000 followers in just the first month. This underscores strong consumer interest and sets the stage for an optimistic official launch.

    Costco’s strategic move is part of its cautious yet continuous expansion in Mainland China. Since the opening of its first warehouse in Shanghai in 2019, Costco has added a few more stores in major cities. However, the emphasis has increasingly been on using digital channels to further expand its market reach.

    Questions & Answers

    What does Costco’s partnership with JD aim to achieve?
    Through the partnership with JD, Costco aims to overcome regional limitations and expand its reach into broader markets in China. It also allows Costco to deliver its signature merchandise and service value to consumers nationwide.

    What range of products will be available in Costco’s online flagship store on JD?
    The online store will offer around 700 products, including grocery items, household essentials, health supplements, beauty products, and Costco’s private-label range, Kirkland Signature.

    How has the initial response been to the trial phase of Costco’s online store on JD?
    The initial response has been overwhelmingly positive, with the store attracting over 30 million visits and nearly 200,000 followers in the first month.

  • Surge in Durian Imports: Chinas Growing Craving Boosts Trade for Thailand and Malaysia

    Surge in Durian Imports: Chinas Growing Craving Boosts Trade for Thailand and Malaysia

    In the first half of 2026, China’s durian imports saw a significant increase of 47% compared to the previous year. This was largely due to surplus stock from Southeast Asian exporters, such as Thailand and Malaysia, following a decrease in durian prices. According to Chinese customs data, Thailand exported roughly US$3.79 billion worth of durians to China within this period, dominating 81% of the market share.

    The Durian Market

    Vietnam came in second in the durian export market throughout the first half of 2026, with exports reaching an estimated value of $846 million. This makes up 18% of the total durian imports into China. Despite this, Thailand’s durians remain a favorite among Chinese consumers, thanks to a robust logistics and quality-control system that effectively enhances the fruit’s reputation.

    Vietnam has also increased its durian exports to China since it received the green light to export fresh durians in 2022. However, some challenges were faced concerning quality control. Malaysia, a newcomer to China’s fresh durian market, exported roughly $30.26 million worth of the fruit within the first half of 2026, marking a whopping 342% increase compared to the same period the previous year.

    The Changing Durian Landscape

    In total, the volume of durian imports from all countries reached 1.07 million tonnes in the first half of 2026, increasing from 708,000 tonnes in the same period a year earlier. Factors such as improved services on the China-Laos Railway and the growth of Chinese e-commerce platforms have significantly boosted Southeast Asian durian exports to China, which is the world’s largest market and accounts for 90% of global durian consumption.

    Currently, durian producers like Malaysia, Thailand, and Vietnam are experiencing an oversupply due to the peak durian harvest season. This is a result of orchards reaching full production capacity and an output growth that surpasses demand.

    Despite the strong long-term demand from China, an imbalance has been noted where production has not expanded at the same pace as demand. This has resulted in a fall in durian prices during peak season. Officials in Malaysia are seeking permission from China’s General Administration of Customs to open a land-based shipping route in response to the oversupply.

    There has been a notable drop in durian prices in China, between 14% and 20%, due to factors such as increased supply from different origins, high inventories, and cautious consumer spending.

    Questions & Answers

    What caused the significant increase in China’s durian imports?
    There was a surplus of durians from Southeast Asian exporters due to a decrease in prices, leading to an increased supply to China.

    Which country is the largest exporter of durians to China?
    Thailand is the leading exporter, supplying approximately 81% of China’s durian imports in the first half of 2026.

    Why are durian prices falling in China?
    The decrease in durian prices in China can be attributed to increased supply from different countries, high inventories, and more conservative consumer spending.

  • Chick-fil-A Boosts Singapore Presence: Second Restaurant Opens at Millenia Walk

    Chick-fil-A Boosts Singapore Presence: Second Restaurant Opens at Millenia Walk

    American fast-food chain Chick-fil-A is set to expand its footprint in Singapore with the inauguration of its second restaurant, located at Millenia Walk, on July 30th.

    This new establishment forms part of the company’s strategic growth plan following its successful entry into Singapore last year, marking the brand’s debut in the Southeast Asian market. In a bid to boost its international presence, Chick-fil-A has committed to investing over US$75 million across Asia over the forthcoming decade.

    Details of the New Outlet

    The Millenia Walk restaurant, situated in Marina Centre, will offer both dine-in and takeaway services. Consistent with the brand’s longstanding global operating policy, the restaurant will operate from Monday to Saturday and remain closed on Sundays.

    The new venue will be managed by local owner-operator Deborah Ku, a seasoned professional in the food and beverage sector with more than two decades of industry experience. Ku will lead a workforce of 60 to 80 employees, focusing on training, mentorship, and leadership development.

    In expressing her excitement about the venture, Ku said, “Growing up in a culture deeply ingrained in warm hospitality, being part of Chick-fil-A’s journey in Singapore is a dream come true – not just for me, but also for my family, who have long admired the company’s strong culture of care and commitment to the community.” She added that she looks forward to creating a welcoming environment at Chick-fil-A Millenia Walk, where guests feel genuinely cared for and team members can grow, realize their potential, and make a profound impact in the lives of others.

    Community Contributions

    Coinciding with its launch, the Millenia Walk restaurant will participate in Chick-fil-A’s Shared Table program. This initiative combats food waste by redistributing surplus food to local charities through The Food Bank Singapore. So far, the program has provided more than 42 million meals globally.

    Chick-fil-A currently operates over 3,000 restaurants in multiple locations, including the United States, Canada, Puerto Rico, the United Kingdom, and Singapore.

    Questions & Answers

    What is Chick-fil-A’s investment plan for Asia?
    Chick-fil-A has committed to investing more than US$75 million across Asia over the next decade.

    Who will manage the new Chick-fil-A restaurant at Millenia Walk?
    The new restaurant at Millenia Walk will be managed by local owner-operator Deborah Ku, who has over 20 years of experience in the food and beverage industry.

    What is Chick-fil-A’s Shared Table program?
    The Shared Table program is an initiative by Chick-fil-A that redistributes surplus food to local charities. The Millenia Walk restaurant will participate in this program, which has so far provided over 42 million meals globally.

  • Thriving Live Commerce: TikTok Boosts Thai Durian Sales by Tenfold

    Thriving Live Commerce: TikTok Boosts Thai Durian Sales by Tenfold

    In a collaborative effort, TikTok and Thailand’s Department of Internal Trade have drastically elevated durian sales on TikTok Shop, underscoring live commerce as a significant conduit for Thai agricultural commodities. The initiative led to a tenfold surge in durian sales, facilitated by more than 89,000 live durian broadcasts on the platform in the past quarter. Remarkably, a new live session was initiated approximately every 90 seconds, lasting an average of 118 minutes.

    During the apex of the durian harvest season, the gross merchandise value for the fruit surged by a factor of 10.6 in comparison to the average weekly sales recorded prior to the campaign. A key contributor to the success of this venture has been TikTok’s creator ecosystem. Over 1.8 million creators generate content that correlates with products available on TikTok Shop.

    Engaging Farmers and Influencers

    Content creators aren’t the only ones to credit for the success of this fruitful venture; farmers and local influencers have also climbed aboard the bandwagon. By actively promoting their produce through live streams, they’ve facilitated consumer discovery of agricultural products. The campaign has effectively doubled the number of fruit purchasers on TikTok Shop, year on year. Furthermore, total fruit orders have seen an impressive 134% increase in the first half of 2026.

    Notably, almost half of the consumers who bought durian via the platform returned for another purchase within the same season. This indicates a trend of stronger repeat-buying behavior among online shoppers.

    Looking Beyond Durian

    Yanee Srimanee, the Deputy Director-General of the Department of Internal Trade, anticipates that Thailand will produce approximately 2.07 million metric tons of durian this year. The majority (70%) of this yield is slated for export, with the remaining being distributed in the domestic market.

    The department aims to bolster domestic consumption and sees the collaboration between public and private sectors as a key strategy in connecting farmers with consumers. TikTok Shop has been a crucial tool in enhancing digital skills and creating new avenues for agricultural products to reach online markets.

    Chanida Klyphun, TikTok’s Director of Public Policy for Southeast Asia, characterized the departmental partnership as a crucial step towards broadening Thai farmers’ entry into the digital economy. This includes skill development and the adoption of live commerce as a sales strategy.

    As the eastern Thailand durian season wraps up, TikTok and the department have plans to continue supporting durian sales from the southern region of the country. The collaboration also aims to expand the program to other agricultural products and farming communities and to leverage content, creators, and e-commerce to widen market opportunities.

    Questions & Answers

    What has been the impact of the TikTok and Department of Internal Trade initiative on durian sales?
    The collaboration led to a tenfold increase in durian sales on TikTok Shop, with over 89,000 live durian broadcasts in the past quarter.

    What strategies were key to the success of the campaign?
    The success of the initiative can be attributed to the active participation of content creators, farmers, and influencers, and a strong emphasis on live commerce.

    What are the future plans of this collaboration?
    The partnership plans to continue supporting durian sales in the southern region of Thailand and aims to expand the program to other agricultural commodities and farming communities.

  • Asics Boosts Japan Presence with Second Flagship Store Launch in Tokyos Shinjuku District

    Asics Boosts Japan Presence with Second Flagship Store Launch in Tokyos Shinjuku District

    Asics, the renowned Japanese sportswear brand, is set to open its second flagship store in Japan. The grand opening is scheduled for later this month, and the new store will be located in the bustling heart of Tokyo’s Shinjuku district. This four-storey retail expansion signifies Asics’ commitment to increasing its local presence and enhancing its customer engagement platform.

    A New Flagship Store with Innovative Offerings

    Spanning approximately 605 square meters, the Shinjuku store will serve as the company’s third global flagship location. This follows the establishment of the initial flagship stores in Harajuku, Japan and Shanghai, China. The store will feature a broad selection of Asics’ products, including its popular running, tennis, basketball, and golf collections. Customers can also look forward to exploring the SportStyle lifestyle range and a variety of collaborative products.

    One innovative feature of the new store is the introduction of Asics Create, a unique apparel customization service. This will be the first time the service is available in a directly operated store, providing customers with the opportunity to personalize select garments with embroidered designs.

    The flagship store also boasts an exclusive private lounge, accessible only by reservation. This lounge is designed to provide personalized one-on-one consultations for select members of the OneAsics loyalty program.

    Sustainable and Strategic Expansion

    In line with increasing global consciousness about sustainability, the Asics Shinjuku store incorporates various recycled materials in its construction. For instance, the flooring in the fitting rooms is partly fabricated from foam that has been salvaged from discarded shoes.

    The opening of the Shinjuku store marks another step in Asics’ strategic investment in expanding its branded retail network. It also aligns with the company’s broader goal of reorganizing its business portfolio. Just last month, Asics announced its plan to spin off its rapidly growing premium lifestyle label, Onitsuka Tiger, into a standalone subsidiary named OT Group starting in January 2027. This move aims to give the brand more operational freedom and catalyze its global expansion.

    Questions & Answers

    What is unique about Asics’ new flagship store in Shinjuku?
    The new store will introduce Asics Create, a unique apparel customization service, in a directly operated store for the first time. It will also feature a private lounge for personalized consultations with select members of the OneAsics loyalty program.

    How is Asics addressing sustainability in its new store?
    The Asics Shinjuku store incorporates various recycled materials, including fitting room flooring partly fabricated from foam salvaged from discarded shoes.

    What is the significance of the new store opening?
    The opening of the new flagship store in Shinjuku is a part of Asics’ strategic plan to expand its branded retail network and to reorganize its business portfolio.

  • Emirates SkyCargo Boosts Freight Services in East and Southeast Asia Amid Rising Demand

    Emirates SkyCargo Boosts Freight Services in East and Southeast Asia Amid Rising Demand

    Emirates SkyCargo, the air cargo carrier, has unveiled a strategic expansion plan for its freight services throughout East and Southeast Asia. The move is aimed at enhancing the cargo flight frequencies and destinations to meet the increasing demand. Businesses and manufacturers in East and Southeast Asia are seeking comprehensive connections to rapidly and securely transport their goods to high-demand markets in the Middle East, Africa, Europe, and the Americas.

    Facilitating International Trade

    In the FY 25/26, Emirates SkyCargo transported over 439,000 tonnes of cargo via its freighter and passenger flights from 12 markets in East and Southeast Asia. This reflects a 5% increase in cargo tonnage compared to FY24/25, illustrating the thriving demand from businesses and exporters to transport goods across the globe.

    Badr Abbas, Divisional Senior Vice President at Emirates SkyCargo, highlighted the importance of East and Southeast Asia as global manufacturing epicentres. They contribute significantly to the production of high-tech goods, export of perishables, and are a significant origin for global e-commerce flows. He added that by increasing the number of freighter flights and expanding their freighter services, they provide rapid connectivity to ensure swift and safe cargo transportation to customers worldwide.

    Expansion of Freighter Flights

    Emirates SkyCargo plans to double its freighter capacity to Narita Airport in Tokyo, increasing from one to two weekly freighter flights. This expansion will cater to Japan’s robust manufacturing industry, spanning diverse sectors like automotive, electronics, and pharmaceuticals.

    The carrier is also escalating its flights to Hong Kong to 37 weekly freighter flights, offering maximum flexibility and choice to customers in this export-led economic corridor. Moreover, Emirates SkyCargo has broadened its reach into Central China with three weekly flights from Zhengzhou, linking the industrial hub of Henan province to Dubai and other destinations.

    The carrier has also resumed its freighter flights from Singapore, with a weekly flight connecting to Dubai via Mumbai. This forms a vital trade lane across Asia. Furthermore, Emirates SkyCargo plans to double its footprint in Taiwan, enhancing its service from one weekly to twice-weekly freighters to Taipei, to meet the increasing demand for high-tech electronic cargo movement.

    Questions & Answers

    What is the main aim of Emirates SkyCargo’s expansion in East and Southeast Asia?
    The primary objective is to increase the freighter flight frequencies and destinations to meet the surging demand for rapid and secure transportation of goods to high-demand markets.

    How is Emirates SkyCargo responding to the demand in Japan’s manufacturing industry?
    The company plans to double its freighter capacity to Narita Airport in Tokyo, thereby catering to diverse sectors in Japan’s robust manufacturing industry.

    What new development has taken place regarding Emirates SkyCargo’s operation in Taiwan?
    Emirates SkyCargo intends to double its footprint in Taiwan, increasing its service from one weekly to twice-weekly freighters to Taipei, to meet the rising demand for high-tech electronic cargo movement.