Retail News CRM

Tag: denmark

  • Revolut Expands as a Bank

    Revolut Expands as a Bank

    Europe’s most valuable fintech has already amassed 18 million app users worldwide. Some of those are about to become bank customers.

    The London-headquartered neobank is launching as a bank in ten additional European markets, lifting the number of countries it operates in to 28, it said in a statement. The challenger bank can now protect client deposits up to 100,000 euros in Belgium, Denmark, Finland, Germany, Iceland, Lichtenstein, Luxembourg, Netherlands, Spain, and Sweden, using its European specialized banking license.

    In a few clicks clients from these countries will be able to upgrade to Revolut Bank from within the app, it said.

    Deposits will be secured by the Lithuanian State company deposit and investment insurance, it added.

    Over the past few years, Revolut’s rapid level of growth has added pressure on Swiss banks to boost their digital services. Since its inception in 2015 the company has attracted more than 18 million customers globally, it says on its website.

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  • Bollore Logistics Acquires Global Solutions In Denmark

    Bollore Logistics Acquires Global Solutions In Denmark

    This acquisition is part of Bolloré Logistics’ strategic development through external growth. As one of the five international freight forwarding and logistics leaders in Europe, it continues to enhance and strengthen its international network. In Europe, it now has 165 sites in 22 countries with a combined headcount of 5,500.

    This latest transaction will expand further Bolloré Logistics’ global end-to-end offering in the Scandinavian markets. Already established in Norway, it now benefits from Denmark’s Global Solutions network, which has been operating on the Danish market for 11 years, with triple expertise in the airfreight, seafreight and express business
    lines, particularly on the Europe-Asia axis. Global Solutions, now Bolloré Logistics brand, has two offices: an office at Copenhagen airport, and its headquarters in Vejle, the country’s logistics hub.

    For Henri Le Gouis, CEO Europe of Bolloré Logistics, “this new location will enable us to better serve our key account customers in Denmark and more generally in Scandinavia. We will support Danish companies in their international development and logistics projects, particularly in Africa, the continent of the future with strong market opportunities, where we operate as the 1st integrated logistics network. ”

    “We are also aiming to strengthen our range of solutions and services for the Aid & Relief sector, which is strongly represented in Denmark” adds David Smith, CEO Northern Europe of Bolloré Logistics. Thomas Toubro, Managing Director -Founder of Global Solutions, expressed himself “satisfied and honored to be now part of the big Bolloré’s family group. I am very confident for the future, and believe in our ability to elevate Bolloré Logistics to the rank of the leading transport and logistics operators in Scandinavia. “

  • Alipay mobile payment introduced in Denmark

    Alipay mobile payment introduced in Denmark

    The world’s leading mobile payment platform Alipay was launched in Denmark on Monday, enabling its Chinese users to enjoy its fast and convenient payment service when they travel to the Nordic country.

    “We are happy that Denmark and the Nordics are embracing Alipay for Chinese tourists. The adoption of Alipay services of both payment and marketing will not only enhance the experience of Chinese consumers but also help Danish businesses to reach out to their Chinese customers even before they depart from China,” said Wang Li, head of Alipay EMEA (Europe, Middle East and Africa).Operated by Ant Financial Services Group, an affiliate company of China’s Alibaba Group, Alipay users can hail a taxi, book a hotel, buy movie tickets, pay utility bills, make appointments with doctors, or purchase wealth management products directly from within the app.

    Alipay was launched in Denmark by APay Nordic AS, in cooperation with 2paynow, the technology platform provider of Alipay in Europe.

    “We are glad to see that APay Nordic is now introducing Alipay into Denmark, which will further strengthen the advantages of Denmark as a Chinese-friendly destination,” said Miklos Bengtsen, CFO of ILLUM, a premium department store in Copenhagen, adding that China is a very important market for the Danish retail business.

    According to Wang, Alipay’s in-store payment service is covering more than 30 countries across the world, and tax reimbursement via Alipay is supported in 24 countries and regions.

    Alipay has been launching its services in Europe since mid-2016. Denmark is the fourth Northern European country for Alipay to set foot in after Norway, Finland and Sweden.

    Alipay now has over 520 million active users and over 450 financial institution partners globally. Over 10 million merchants accept Alipay across China.

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  • Singapore and Denmark sign fintech pact

    Singapore and Denmark sign fintech pact

    The Monetary Authority of Singapore (MAS) and the Danish Financial Supervisory Authority (Danish FSA) yesterday signed a FinTech Co-operation Agreement which aims to help FinTech companies in Singapore and Denmark to expand into each other’s markets.

    The agreement will enable both regulators to refer FinTech companies to their counterparts. MAS and the Danish FSA have also committed to exploring joint innovation projects together, and to share information on emerging market trends and their impact on regulation.The agreement was signed at the sidelines of the Money 20/20 Europe conference in Copenhagen. Singapore will also host the inaugural Money 20/20 Asia conference in March next year.

    Sopnendu Mohanty, Chief FinTech Officer, MAS, said: “Singapore and Denmark are important gateways to their surrounding regions. This cooperation agreement signifies the commitment of MAS and Danish FSA to promoting innovation in financial services and growing the FinTech landscape. We look forward to closer interactions between our respective FinTech ecosystems and more opportunities for our businesses to grow, expand and serve customers in each other’s markets.”

    Thomas Brenøe, Deputy Director General, Danish FSA, said: “The FSA is committed to encourage innovation in the financial sector. We are currently establishing a FinTech Lab to support the development of fintechs and provide assistance for these to set up business in Denmark. Financial innovation is not confined to national borders, and we are therefore delighted to enter into this agreement with MAS. This agreement will ensure cooperation between the Danish FSA and MAS and will foster opportunity for businesses in Denmark and Singapore to grow.” Brian Mikkelsen, Danish Minister of Industry, Business and Financial Affairs added: “I am very happy that Denmark and Singapore have been able to join forces in this agreement. I am sure that this will help many FinTech companies and create an even better growth environment for these companies in both Singapore and Denmark.

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  • Indonesia-Denmark launch wind power map

    Indonesia-Denmark launch wind power map

    The Energy and Mineral Resources Ministry and Denmark’s Development Cooperation Ministry launched on Tuesday a map pinpointing the wind power potential for electrification in Indonesia.

    Denmark Development Cooperation Minister Ulla Tørnæs said this was part of a six-month cooperative engagement between the two governments, during which they exchanged their experiences in developing renewable energy sources for electrification.

    “Today, we are launching a new wind map that shows the vast potential for utilizing wind in Indonesia,” Tørnæs said in her opening speech at the Energy and Mineral Resources Ministry in Central Jakarta on Tuesday.

    “A number of visits to Denmark by Indonesian officials over the past six months has deepened the discussion and insight into waste-to-energy solutions, the use of biomass and how to accommodate fluctuating markets.”

    The map displays the hot spots for wind power potential in Indonesia. It is expected to help the government and investors decide the best locations to develop wind turbines.

    The map was also launched alongside a book titled Integration of Wind Energy in Power Systems, which will serve as a guide for policymaking and the integration of electricity into state-owned electricity firm PLN’s existing system. The book was written based on Denmark’s experiences in wind power development.

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  • Joe and the Juice Singapore-bound

    Joe and the Juice Singapore-bound

    Danish chain Joe and the Juice will make its Southeast Asian debut in Singapore in the last quarter of this year.

    The hip juice bar brand will be brought to Singapore by Norbreeze Group, a retail specialist which incubates brands to unlock their growth potential.

    Two juice bars are scheduled to open in the leadup to Christmas, marking the brand’s first Southeast Asian stores after what Norbreeze describes as its “phenomenal success” in its home market of Denmark and broader Europe.

    “Norbreeze Group’s introduction of Joe and the Juice to Singapore is timely, with a distinctive shift towards healthy diets and lifestyles in the market,” the company said in a statement.

    “One of the very few contemporary cafe concepts in the world to offer fresh made to order fruit and vegetable juices, coffee and sandwiches, Joe and the Juice has become an overnight sensation across Europe as a pioneer with its unique concept to tap into the global juicing phenomenon.”

    Joe & the Juice will join brands like Daniel Wellington, Bering, Cath Kidston and Cocomi in Norbreeze Group’s portfolio of retail brands.

  • Denmark’s Infinite Jewellery make Asian debut

    Denmark’s Infinite Jewellery make Asian debut

    Denmark’s Countless Jewellery has made its Asian debut, opening its first retailer in Taiwan.

    The opening marks Infinite Jewellery’s fourth continent and 23rd worldwide market. Earlier in June it opened its first retailer in Estonia.

    Its merchandise at the moment are out there in additional than 3500 shops worldwide.

    A grand opening occasion within the Taipei retailer was attended by invited friends from China, Hong Kong, Malaysia and Singapore – maybe giving an perception into the model’s subsequent Asian goal markets.

    Countless Jewellery founder Jesper Nielsen stated the opening week buzz surrounding the brand new Taipei retailer proves its designs and model really have international attraction.

    “Each single day we’ve seen a line of consumers inside and out of doors the shop, and regardless that our native administration anticipated this, it’s been a extremely constructive expertise for myself and the European group.”

    Infinite Jewellery plans 15 shops in Taiwan in “prime places in main cities”.

    CEO of Nice China area, Michael Thomsen, stated that given Infinite Jewellery is totally new to the market, it’s going to take time to construct the model consciousness there.

    “By opening with the attendance of principally all media within the area – in addition to a number of the major celebrities – we now have already come a great distance. I anticipate we’ll attain US$5 million in gross sales within the first yr, which shall be an excellent begin for our Asian enterprise.”

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  • Denmark’s Wood Wood arrives in Bangkok

    Denmark’s Wood Wood arrives in Bangkok

    Danish fashion brand Wood Wood has opened its first store in Asia.

    Wood Wood, known for sporty silhouettes, and a hallmark Scandinavian style, has opened a store inside The Mall Group’s new EmQuartier shopping centre on Bangkok’s Sukhumvit Rd.

    Wood Wood Bangkok 4-415

    The store is a partnership with Thai brand UnCensored and described as “an exhibitional retail space” with an urban-boutique feel. It is in the centre’s Helix Quartier.

    The Wood Wood boutique features a black-and-white graphic design on the walls.

    Wood Wood Bangkok 3-415

    Thailand is Wood Wood’s third overseas market, following Berlin, where it has two stores, and Moscow. It has three stores in hits home market.

    THe fashion brand was founded in 2002 by Karl-Oskar Olsen and Brian SS Jensen who grew up in the 90s when graffiti and street culture was popular.

    Wood Wood Bangkok 2-415

    They mix high fashion, sports and streetwear with youth culture, art and music creating clothing they believe is balanced between style and function.

    “Wood Wood is much more than a brand. It’s about style and attitude. We were raised with the desire to constantly evolve and we’ll keep on taking the brand even further by combining elements of underground and high-end into our very own aesthetic,” says Karl-Oskar Olsen.

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