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Tag: launches

  • OCBC Leverages Rising Gold Demand, Launches Physical Gold Trading in Singapore

    OCBC Leverages Rising Gold Demand, Launches Physical Gold Trading in Singapore

    The Oversea-Chinese Banking Corporation (OCBC) in Singapore is broadening its precious metals sector by introducing physical gold trading and storage services for institutional investors and private banking clients. OCBC perceives an increasing demand for safe-haven assets as geopolitical and economic uncertainty heightens.

    Initiating from June 10, OCBC’s institutional clients and affluent clients of its private banking division, the Bank of Singapore, will be granted the opportunity to purchase, trade, and store physical gold via OCBC, with the entire trading and custodial process based in Singapore.

    Enhancing the Gold Franchise

    This decision signifies a considerable amplification of the bank’s gold franchise beyond its current paper gold offerings. The move comes as investors’ hunger for physical bullion continues to grow. According to OCBC’s reference to data from the World Gold Council, the global demand for gold bars in the first quarter of 2026 experienced a 50% surge compared to the previous year. The Bank of Singapore disclosed that client holdings of physical gold have witnessed an increase of more than 40% since the conclusion of 2025.

    OCBC has stated that the new service will initially provide two forms of bullion: large bars weighing roughly 400 troy ounces (12.4 kilograms) and one-kilogram bars, both allocated to clients and individually identifiable through serial numbers.

    The bank has indicated that client demand has progressively gravitated towards local custody arrangements. Previously, Bank of Singapore clients conducted transactions in physical gold via a U.S.-based entity. With the new arrangement, clients can carry out transactions and store bullion entirely within Singapore.

    Expansion of Wealth Management Strategy

    This introduction mirrors wider efforts by Singapore’s financial industry to fortify its stance as a regional precious-metals hub. OCBC expressed intentions to explore the extension of physical gold products and related hedging solutions to additional client segments over time.

    The move also forms part of OCBC’s more extensive wealth management strategy. Over the past few years, the group has continuously expanded its gold-related offerings across its banking, asset management, and insurance industries.

    Kenneth Lai, Head of Global Markets at OCBC, expressed that the bank perceives physical gold as a natural extension of its existing precious-metal capabilities and is planning to widen access to the offering over time.

    Questions & Answers

    What new services is OCBC introducing?
    OCBC is introducing physical gold trading and storage services for institutional investors and private banking clients.

    What does this expansion mean for OCBC’s existing services?
    This expansion signifies a considerable amplification of OCBC’s gold franchise beyond its current paper gold offerings.

    What is the impact of this move on Singapore’s financial industry?
    This introduction mirrors wider efforts by Singapore’s financial industry to fortify its stance as a regional precious-metals hub.

  • Unlock Luxury: Tiffany & Co Launches Expanded Flagship Store and Blue Box Cafe in Hong Kongs Lee Gardens

    Unlock Luxury: Tiffany & Co Launches Expanded Flagship Store and Blue Box Cafe in Hong Kongs Lee Gardens

    Tiffany & Co, esteemed luxury jewellery brand, has broadened its reach in Hong Kong with the inauguration of a flagship store at Lee Gardens, introducing a fresh retail experience.

    The boutique, situated in Causeway Bay, extends over two floors and more than 770 square meters. It boasts specialized areas for high jewellery, watches, home accessories, and exclusive client appointments.

    Upon entering the 414 square meter ground floor, customers are greeted with an impressive display of Tiffany’s esteemed jewellery collections. These include the HardWear, Lock, Knot, and T ranges. Adding a touch of exclusivity, a dedicated high jewellery salon is also housed on this floor.

    The boutique’s interior exudes elegance, featuring metallic finishes, soothing color palettes, and bespoke design elements. A particularly eye-catching highlight is the exquisite orchid mural, which adorns a private salon space.

    The first floor, spanning 359 square meters, provides a multi-faceted experience for the clientele. It encompasses a watch salon, a home & accessories section, and the novel Blue Box Cafe which is set to open its doors next month. The brand also revealed the integration of artworks by notable artists Gregor Hildebrandt, Shim Moon Seup, Vik Muniz, and Sho Shibuya.

    The upcoming Blue Box Cafe will serve as a culinary treat for the customers, offering a unique, Japanese-inspired dining experience. The cafe will utilize local ingredients in its offerings, which will span across breakfast, teatime, and an all-day menu.

    The Causeway Bay store follows the opening of the first Tiffany Blue Box Cafe in Asia, which was launched in Hong Kong’s Tsim Sha Tsui last year. This marks the brand’s second cafe venture in the market.

    Questions & Answers

    **What does the new Tiffany & Co boutique in Causeway Bay offer?**
    The new boutique offers dedicated spaces for high jewellery, watches, home accessories, and private client appointments. The store also houses a new Blue Box Cafe and features artwork from renowned artists.

    **What will the new Blue Box Cafe offer to customers?**
    The Blue Box Cafe will provide a Japanese-inspired dining experience, featuring local ingredients across breakfast, teatime, and an all-day menu.

    **How many Blue Box Cafes does Tiffany & Co have in Hong Kong?**
    With the opening of the Blue Box Cafe in the Causeway Bay boutique, Tiffany & Co now operates two cafes in Hong Kong; the first one is located in Tsim Sha Tsui.

  • Bread Ahead Bakes Up Asian Expansion: Launches First Store in Bangkok with Exclusive Doughnut Delights

    Bread Ahead Bakes Up Asian Expansion: Launches First Store in Bangkok with Exclusive Doughnut Delights

    UK-based bakery company, Bread Ahead, has initiated its Asian expansion strategy with the inauguration of its first outlet in Thailand, located in Siam Paragon, on May 30. This marks a significant milestone for the brand as it looks to expand its footprint in the region.

    The Bangkok store, a result of a collaboration with Passion Restaurant Group, represents the first step of the brand’s comprehensive growth plan in this region. The company has revealed plans to inaugurate six more stores in the coming 12 months.

    Introducing the ‘Hot Doughnut Theatre’

    The new store, situated on the ground floor in Gourmet Eats, will showcase Bread Ahead’s innovative ‘Hot Doughnut Theatre’ concept to Thai consumers. This unique approach offers customers the experience of watching their doughnuts being freshly made, filled, and finished live throughout the day.

    The menu primarily features Bread Ahead’s distinctive doughnut range, with a particular emphasis on two flavours which will be exclusive to the Thai market: Matcha & White Chocolate and Hojicha & Dark Chocolate.

    According to Bread Ahead’s founder, Matthew Jones, “Bangkok is an incredibly vibrant city known for its food, creativity, and hospitality. Siam Paragon is the perfect location for our first Asian bakery. This is an enormous moment for us as we open in Asia for the first time. It feels like the beginning of a very unique journey. We are proud to introduce Bread Ahead to Bangkok first, and we consider this as the initiation of a much grander journey – with Thailand leading the way as we continue our expansion across Asia. This is an incredibly exciting time for the brand, and we are eagerly looking forward to what the future holds.”

    Successful Growth Story

    Bread Ahead, established in 2013, has emerged as one of the most distinguished brands in the UK, boasting six bakery outlets across London. The brand also disclosed ambitions last year to extend its presence to the Philippines.

    Questions & Answers

    What is the ‘Hot Doughnut Theatre’ concept?
    The ‘Hot Doughnut Theatre’ is a unique approach by Bread Ahead where customers can watch their doughnuts being freshly made, filled, and finished live throughout the day.

    What flavours will be exclusive to the Thai market?
    Bread Ahead’s Thai menu will feature two exclusive doughnut flavours – Matcha & White Chocolate and Hojicha & Dark Chocolate.

    What are Bread Ahead’s expansion plans in Asia?
    Bread Ahead has kicked off its Asian expansion with the launch of its first store in Thailand. The brand plans to open six more outlets in the region over the next 12 months and has also shown interest in the Philippines.

  • Eternal Beauty Boosts China Presence with Four Spectacular Store Launches in Beijing, Shanghai, and Shenzhen

    Eternal Beauty Boosts China Presence with Four Spectacular Store Launches in Beijing, Shanghai, and Shenzhen

    Eternal Beauty, a leading perfume conglomerate in China, is on a rapid expansion spree. The group recently announced the opening of four new stores in Beijing, Shanghai, and Shenzhen.

    Eternal Beauty, which is listed in Hong Kong, specializes in the distribution and management of global beauty and fragrance brands throughout mainland China, Hong Kong, and Macau. The organization has expressed that its latest store openings are a strategic move aimed at strengthening its direct-operated retail network in China’s leading-tier cities.

    Store Openings and Collaborations

    In Shenzhen, Eternal Beauty launched a store under its ‘Perfume Box’ brand, featuring the theme ‘Muse Scent Box’, at the Haiya Mega Mall. This multi-brand store, housing nearly 30 fragrance and lifestyle labels, marks the Shenzhen debut of the Italian home fragrance brand, Culti Milano.

    In Beijing, the first standalone store of Dr Vranjes Firenze was inaugurated in the China World Mall. In addition, Shanghai’s Xintandi precinct welcomed two new fragrance concepts.

    The French luxury fragrance house, Parfums de Maly, launched a standalone boutique, while Memo Paris introduced a limited-edition pop-up in collaboration with French illustrator Jean Jullien.

    Chole Lam, the CEO and Executive Director of Eternal Beauty, stated, “Our strategy involves the continued expansion of our store presence in core cities through self-operated or partnership models. We aim to increase the market penetration of our self-operated retail brand, Perfume Box, and offer superior offline display and sales terminals for our international brand partners.”

    Future Expansion Plans

    The group has expressed its intentions to continue expanding its direct-operated network across China’s core and emerging tier-1 cities. This move aligns with its goal of capturing further growth in the country’s premium fragrance market.

    Questions & Answers

    What is Eternal Beauty’s primary business?
    Eternal Beauty is a leading perfume group in China, specializing in the distribution and operation of international beauty and fragrance brands across mainland China, Hong Kong, and Macau.

    What is the main purpose of Eternal Beauty’s recent store openings?
    The store openings are a strategic move by Eternal Beauty to strengthen its direct-operated retail network in China’s top-tier cities.

    What are the future plans of Eternal Beauty?
    The group plans to continue expanding its direct-operated network across China’s core and emerging tier-1 cities in order to capture further growth in the country’s premium fragrance market.

  • Matin Kim in Partnership with Musinsa Launches Flagship Store in Tokyo’s Fashion Hub

    Matin Kim in Partnership with Musinsa Launches Flagship Store in Tokyo’s Fashion Hub

    Matin Kim, a renowned fashion brand from South Korea, is set to expand its presence in Japan with the inauguration of a flagship store in Tokyo. The move is a part of the brand’s continuing collaboration with Musinsa.

    A New Addition to Tokyo’s Fashion Scene

    The upcoming store will be situated in Harajuku, a neighborhood widely known for its vibrant fashion culture. Spanning two floors, the outlet will occupy roughly 195 square meters. Slated to open its doors on April 26th, the new location marks Matin Kim’s third establishment in Japan, following the successful launches in Shibuya and Nagoya.

    Unlike its previous outlets located in shopping malls, this new store stands out as Matin Kim’s first standalone store in the country. The brand perceives this as a significant progression and intends to utilize the venue as a platform to exhibit its unique identity and innovative approach to fashion design.

    Offering an Enhanced Shopping Experience

    Apart from showcasing its extensive array of regular products, the store will feature Matin Kim’s latest Spring/Summer 2026 collection and exclusive limited-edition items. Additionally, the brand plans to enrich the customer experience by hosting a variety of experiential events and other engaging activities.

    Matin Kim, a portfolio brand of Hago Haus, a premier brand incubator in South Korea, currently boasts approximately 70 stores at both domestic and international locations.

    In November of 2024, Matin Kim entered into an exclusive agency agreement with Musinsa for the Japanese market. This led to the opening of its first permanent store in Japan at Miyashita Park in Shibuya, Tokyo, in April last year.

    Questions & Answers

    What is unique about Matin Kim’s new store in Tokyo?
    The new store, located in the Harajuku district, is the brand’s first standalone store in Japan. It will also serve as a showcase for the brand’s identity and creative vision.

    What can shoppers expect at the new Matin Kim store?
    Shoppers can look forward to a wide range of products, including Matin Kim’s latest Spring/Summer 2026 collection and exclusive limited-edition items. The store will also host experiential events and other activities to enhance the shopping experience.

    What is Matin Kim’s history in Japan?
    Matin Kim entered the Japanese market in November 2024, in partnership with Musinsa. The brand opened its first permanent store in Japan at Miyashita Park in Tokyo’s Shibuya in April the following year. The Harajuku store is the brand’s third in Japan.

  • Reviving the Skies: Malaysia Launches Airfare Discounts & Financial Lifelines to Bolster Aviation Industry

    Reviving the Skies: Malaysia Launches Airfare Discounts & Financial Lifelines to Bolster Aviation Industry

    In response to disruptions caused by the Middle East conflict, Malaysia has devised a financial strategy to support its aviation sector, featuring incentives such as discounted airfares during holiday periods. Travelers flying between Peninsular Malaysia and East Malaysia can look forward to airfare reductions of RM50 during the Gawai and Kaamatan festive seasons.

    Support for Aviation Sector

    The aviation authority has earmarked RM5 million for this initiative, which is projected to benefit approximately 100,000 passengers journeying between May 15 and June 14. In an additional effort to alleviate pressure on airlines, the Civil Aviation Authority of Malaysia plans to extend payment deadlines for aviation-related charges. From May 1, carriers will be granted up to 60 days to settle these dues.

    Maintaining Connectivity

    Anthony Loke, Malaysia’s Transport Minister, emphasized the importance of these measures in maintaining the country’s connectivity. According to him, as many as 75% of daily flights were cancelled at one point, potentially undermining trust in Malaysia’s tourism sector and the wider economy. He warned of potential losses ranging from RM15 to RM150 billion (US$3.8 to US$38 billion) this year if no countermeasures are taken.

    Loke also stated that these decisions were reached after thorough discussions between the Transport Ministry and industry stakeholders. The goal of these deliberations was to lessen financial burdens while ensuring the continuity of services.

    Lastly, he assured the public that the government will continue to liaise closely with all relevant bodies to ensure the resilience and responsiveness of Malaysia’s aviation sector.

    Questions & Answers

    What are some of the measures Malaysia has introduced to support its aviation sector?
    Malaysia has introduced a number of measures, including discounted airfares during holiday periods and extending payment deadlines for aviation-related charges.

    Who is expected to benefit from the discounted airfares?
    Approximately 100,000 passengers traveling between Peninsular Malaysia and East Malaysia during the Gawai and Kaamatan festive periods are expected to benefit from the discounted airfares.

    What is the potential economic impact of the disruptions in the aviation sector?
    According to Transport Minister Anthony Loke, without the introduction of these measures, Malaysia’s economy could face losses ranging from RM15 to RM150 billion (US$3.8 to US$38 billion) this year.

  • Misto Holdings Amplifies K-fashion Revolution: 100+ Retail Outlets and New Brand Launches in Greater China on the Horizon

    Misto Holdings Amplifies K-fashion Revolution: 100+ Retail Outlets and New Brand Launches in Greater China on the Horizon

    Misto Holdings is set to broaden its reach in the Greater China region, bringing a multitude of Korean fashion brands to the rapidly growing market. The company’s portfolio consists of brands such as Matin Kim, Marithé+François Girbaud, Raive, and Rest & Recreation. It aims to manage over 100 retail units by mid-year.

    Misto Holdings reports that its brands have shown a substantial early rise. Mardi Mercredi, for example, saw its sales increase by 190 per cent in its second year, while Raive experienced a 200 per cent growth in its first year.

    In terms of digital presence, Misto Holdings oversees platforms like Tmall, Xiaohongshu, and Douyin. It uses a blend of in-house content, live-commerce studios, and influencer collaborations to interact with local consumers.

    Moreover, the company is re-evaluating its Greater China portfolio this year. It aims to diversify into men’s high-end contemporary, women’s casual, and athleisure categories. Commencing next year, the plan is to introduce approximately five new brands in the region.

    Misto Holdings emphasizes that its focus is on sustainable, long-term brand growth across both online and offline channels.

    “We are not just managing brands; we are long-term partners dedicated to building brand value across both online and offline touchpoints,” said a spokesperson for Misto Holdings. “Our focus remains on building sustainable brand equity across the Greater China region.”

    Earlier this month, Misto Holdings also announced a surge in fourth-quarter sales as the company restructured its US operations.

    Questions & Answers

    What is the expansion plan of Misto Holdings in the Greater China region?
    Misto Holdings plans to introduce multiple Korean fashion brands to the market and aims to manage over 100 retail units by the middle of this year.

    What digital platforms does Misto Holdings manage and how does it reach local consumers?
    Misto Holdings manages platforms like Tmall, Xiaohongshu, and Douyin. It reaches local consumers through a blend of in-house content, live-commerce studios, and influencer collaborations.

    What is the focus of Misto Holdings?
    The company is focused on sustainable, long-term brand growth across both online and offline channels. It aims to build brand value across both online and offline touchpoints in the Greater China region.

  • Miniso Launches First Immersive ‘Miniso Friends’ Concept Store in Malaysia, Shaking Up Retail Experience

    Miniso Launches First Immersive ‘Miniso Friends’ Concept Store in Malaysia, Shaking Up Retail Experience

    Miniso, a prominent retail brand, has launched its inaugural Miniso Friends concept store in Malaysia. This move aligns with the company’s pursuit to enlarge its unique intellectual property (IP) driven retail model and immersive shopping experiences across the Southeast Asia region.

    Store Location and Size

    The new Miniso Friends store is situated in LaLaport BBCC, a popular shopping destination. The store spans approximately 14,000 square feet, making it one of Miniso’s most substantial outlets in the Malaysian market.

    Intellectual Property Focus

    Miniso’s concept store strongly revolves around intellectual property (IP). About 62 per cent of its 6,500 products are associated with licensed characters and in-house creations. This strategic product combination is part of Miniso’s plan to captivate more customers and escalate sales by leveraging character storytelling and brand partnerships.

    Among the notable franchises featured in the store is Stitch, along with Miniso’s own intellectual property, YoYo.

    Customer Engagement

    In an effort to bolster customer engagement, the store’s design includes large installations and interactive photo zones to enhance the overall shopping experience. This concept specifically aims to appeal to younger consumers, particularly those from Generation Z, who tend to favour immersive and socially shareable retail spaces.

    This grand opening comes on the heels of Miniso’s first introduction of its Miniso Land concept in Malaysia earlier in the month.

    Questions & Answers

    What is the focus of the new Miniso Friends concept store in Malaysia?
    The new Miniso Friends concept store in Malaysia emphasizes on intellectual property, with about 62% of its products linked to licensed and in-house characters.

    What elements does the store incorporate to enhance customer engagement?
    The store includes large installations and interactive photo zones to augment the shopping experience, specifically targeting younger consumers who prefer immersive and socially shareable retail spaces.

    How does this opening fit into Miniso’s broader strategy?
    The opening of the Miniso Friends concept store aligns with the company’s strategy to expand its unique intellectual property-driven retail model and immersive shopping experiences across Southeast Asia.

  • Chinese Retailer KKV Makes Splash in Hong Kong, Launches First Store Flaunting ‘100 Lifestyles’ Concept

    Chinese Retailer KKV Makes Splash in Hong Kong, Launches First Store Flaunting ‘100 Lifestyles’ Concept

    KKV, a leading Chinese lifestyle retailer, has paved its way into Hong Kong, initiating its first store at the bustling Lee Tung Avenue.

    Phase of Expansion

    This unveiling signifies yet another step in the brand’s strategy to strengthen its presence in the region. KKV, a brainchild of KK Group, was established in 2019, and since then, it has swiftly gained wide acceptance across mainland China and other Asian markets. This popularity can be attributed to its large-format stores that offer an array of beauty products, snacks, toys, stationery, and lifestyle items, all under a discovery-driven shopping atmosphere.

    ‘100 Lifestyles’ Concept

    The newly launched store in Hong Kong offers local consumers a unique shopping experience, underpinned by KKV’s ‘100 Lifestyles’ concept. This approach is characterized by visually immersive merchandising, quick product turnover, and a vast range of economically priced goods. The main target group for these offerings is Generation Z and young urban consumers.

    Recent Developments

    In the recent past, KKV marked its presence in Vietnam, where the KK Group opened its first standalone flagship store. This was situated in the heart of Ho Chi Minh City, further extending its regional footprint.

    Today, KK Group operates a robust network of over 1000 stores in more than 200 cities across China. In addition, it has over 150 outlets spread across Southeast Asia. The brand portfolio under the group includes KKV, The Colorist, and X11.

    Questions & Answers

    What is the ‘100 Lifestyles’ concept introduced by KKV?
    The ‘100 Lifestyles’ concept by KKV focuses on visually immersive merchandising, quick product turnover, and a large variety of affordable goods, primarily targeting Generation Z and young urban consumers.

    Where was the first standalone flagship store of KKV outside China opened?
    The first standalone flagship store of KKV outside China was opened in Ho Chi Minh City, Vietnam.

    What is the total number of stores operated by KK Group?
    KK Group operates over 1000 stores in more than 200 cities in China, along with more than 150 outlets across Southeast Asia.

  • Apple Preps for Stable iOS 26.3 Update as iOS 26.4 Beta 2 Launches: No Siri Overhaul, but Exciting New Features Await

    Apple Preps for Stable iOS 26.3 Update as iOS 26.4 Beta 2 Launches: No Siri Overhaul, but Exciting New Features Await

    Upcoming iOS Updates to Include Minor Improvements

    Apple users who are currently using stable iOS 26.3 might have noticed that a minor update, iOS 26.3.1, is currently under testing. This update is projected to roll out within the next fortnight. Primarily, it’s expected to be a minor adjustment aimed at rectifying a bug or patching a potential software vulnerability.

    The release of iOS 26.3.1 might coincide with the launch of the lower-priced iPhone 17e model, which is expected to hit the market during the first week of March. In anticipation of the release of some Siri 2.0 features in iOS 26.4, as previously stated by Apple, some iPhone users installed iOS 26.4 Beta 1 in hopes of getting an early preview of an enhanced Siri. However, this move was unfruitful as Apple launched iOS 26.4 Beta 1 without any Siri AI improvements.

    Regrettably, I was one of the iPhone users who installed iOS 26.4 Beta 1 only to find that the advancements to Siri 2.0 had been delayed. The expectation now is that some of the new features for Siri will be introduced with iOS 26.5, which is due in May. The significant upgrade to Siri that will transform the digital assistant into a chatbot akin to ChatGPT and Gemini, however, is expected to land later in the year with the release of iOS 27 in September.

    The Playlist Playground

    The next stable update, iOS 26.4, is projected to arrive in late March or early April. Despite the likely absence of major changes to Siri, this update will introduce some exciting features like the Playlist Playground, a feature that debuted with iOS 26.4 Beta 1. This feature will allow users to generate a 25-song playlist based on a text prompt. The chip containing Apple’s recommended playlist requests can be tapped by users. If the generated playlist doesn’t meet your liking, there are options to refine it further by adding instructions, such as excluding a particular genre or enhancing a certain sound.

    End-To-End Encryption for Cross-Platform Messaging

    Apple has also begun testing end-to-end encryption (E2EE) for RCS. Initially, when iOS 26.4 Beta 1 was released, E2EE RCS testing was restricted to messages sent between two iPhones with iMessage disabled. However, with the release of iOS 26.4 Beta 2, Apple has started allowing cross-platform RCS messaging between iOS and Android devices, protected with E2EE. Users of the latest Beta 2 release are now seeing a “lock icon” while texting a compatible Android phone. However, E2EE cross-platform RCS messaging is not expected to arrive on a stable iOS build until the release of iOS 26.5 or iOS 26.6.

    Questions & Answers

    When is the release of iOS 26.3.1 expected?
    The release is expected to happen sometime within the next two weeks.

    What are the new Siri 2.0 features expected in iOS 26.4?
    Despite initial expectations, it appears that major changes to Siri have been delayed and are now expected to be introduced in iOS 26.5.

    What is the Playlist Playground feature in iOS 26.4?
    This feature allows users to generate a 25-song playlist based on a text prompt, with options for further refinement based on user instructions.

  • Bacha Coffee Brews Global Expansion with Luxury Launches in Beijing and Saudi Arabia

    Bacha Coffee Brews Global Expansion with Luxury Launches in Beijing and Saudi Arabia

    Bacha Coffee, a Moroccan coffee house established in Marrakech in 1910, has further expanded its global footprint with its entry into two new markets, Beijing and Saudi Arabia. This development is a part of the brand’s consistent international growth trajectory.

    In Beijing, the brand has set up shop at the China World Mall, offering a multi-dimensional experience that integrates retail, takeaway, and a cozy Coffee Room seating area. This location showcases the brand’s extensive selection of over 200 specialty coffees, all of which are brewed using 100% Arabica beans sourced from 35 coffee-growing regions worldwide.

    The 210-square-meter Beijing store features a boutique that sells loose and packaged coffees, gift boxes, and accessories. Coffee Masters are readily available to assist customers and grind coffee beans on demand. The store also includes a 25-seat Coffee Room, featuring design elements inspired by the brand’s Moroccan heritage.

    Taha Bouqdib, President and CEO of V3 Gourmet, expressed his excitement over this latest expansion. “Our new location is designed to spark the curiosity of our guests, much like how coffee takes us on journeys to distant locales,” he said. “We’ve blended the old with the new in a single experience, honoring our past while paving the way for the future, with 100% Arabica specialty coffee taking center stage in this vibrant scene of life.”

    The latest openings in Beijing and Riyadh are part of Bacha Coffee’s extensive expansion across Asia, Europe, and the Middle East. The brand currently operates 42 stores in 16 cities globally, including Paris, Tokyo, Seoul, Dubai, Singapore, Hong Kong, and Taipei. In addition, the brand made its debut in Thailand last year.

    Questions & Answers

    How many specialty coffees does Bacha Coffee offer?
    Bacha Coffee offers an extensive selection of over 200 specialty coffees.

    Where are the newest Bacha Coffee stores located?
    The newest Bacha Coffee stores are located in Beijing, China, and Riyadh, Saudi Arabia.

    How many locations does Bacha Coffee operate worldwide?
    Bacha Coffee currently operates 42 locations in 16 cities worldwide.

  • Link Reit Launches Leadership Revamp: John Russell Saunders Appointed Executive Director

    Link Reit Launches Leadership Revamp: John Russell Saunders Appointed Executive Director

    John Russell Saunders has recently been appointed as an executive director of the Link Real Estate Investment Trust (Link Reit), effective immediately. For the time being, Saunders will be leading the group in tandem with Ng Kok Siong, the current executive director and CFO. Both Saunders and Ng will be reporting directly to Duncan Gareth Owen, the independent chair, and the Chairs Committee until a new CEO is hired.

    Saunders’ Role in Link Reit

    Saunders, in his current capacity as group chief investment officer, will keep his focus on investments as well as partnerships with third-party capital. He will also support and manage the assets across Link’s existing portfolio, which is currently being handled by Emmanuel Regis Farcis, the managing director for asset management.

    Ng’s Duties in Link Reit

    On the other hand, Ng will be taking charge of all the corporate functions, which include finance, legal, information technology, human resources, and investor relations.

    Saunders expressed his excitement about joining the Link board as an executive director. He anticipates collaborating with Kok Siong, the Chairs Committee, and the broader board and management team on the forthcoming next stage for Link.

    Owen’s Support during the Transition

    To assist with the transition, Owen has agreed to devote more time under a new contract, running from January of this year until the conclusion of May next year. Despite remaining a non-executive chair, Owen will be responsible for guiding the executive directors and overseeing the process of searching for, hiring, and onboarding the new CEO.

    Owen further stated that the board is concentrating on Link’s robustness and proven record in owning and actively managing shopping malls and parking facilities throughout the Asia Pacific. This focus is especially pertinent in Hong Kong, top-tier cities in Mainland China, as well as Singapore and Australia.

    About Link Reit

    Link Reit is a property owner and manager of a portfolio that includes shopping malls, parking facilities, and other retail assets. The group, which is based in Hong Kong, has properties spread across China, Singapore, and Australia.

    Questions & Answers

    What is John Russell Saunders’ new role in Link Real Estate Investment Trust (Link Reit)?
    John Russell Saunders has been appointed as an executive director of Link Reit.

    What will Saunders’ main responsibilities be in his new position?
    As an executive director, Saunders will focus on investments and partnerships with third-party capital, as well as support and manage the assets across Link’s existing portfolio.

    Who will lead Link Reit alongside Saunders during this interim leadership period?
    Ng Kok Siong, the current executive director and CFO of Link Reit, will lead the group alongside Saunders until a new CEO is hired.

  • Boss Launches First Athleisure Centric Stores in Indonesia, Amplifies Southeast Asia Presence

    Boss Launches First Athleisure Centric Stores in Indonesia, Amplifies Southeast Asia Presence

    Boss is broadening its market reach in Southeast Asia by introducing its premier athleisure-oriented retail outlets in Indonesia. The brand has unveiled two new stores in Jakarta, located in the prestigious Grand Indonesia and Central Park Mall.

    The store in Grand Indonesia offers an expansive area of roughly 80 square meters, while the Central Park Mall outlet covers a significantly larger expanse of approximately 206 square meters. Both locations are designed with a distinct retail concept aimed at contouring Boss’s athleisure line. The stores feature an array of stainless steel and glass fixtures, flooring with a carbon texture, and concrete-finished walls.

    In order to highlight the technical prowess and performance-centric characteristics of the line, digital screens have been seamlessly embedded throughout the stores.

    These newly unveiled outlets are specifically purposed to house the brand’s performance and sports inclined product categories. They present a carefully curated selection of activewear and lifestyle clothing.

    The product line on offer encompasses collections for golf and tennis, daily casual wear, designs aimed at commuters, and the Boss Performance collection. This latter range is particularly focused on technical fabric and functionality, making it suitable for everyday wear.

    These recent openings in Indonesia follow the debut of the brand’s biggest flagship store in Southeast Asia, located at One Bangkok. The store is also the location of the brand’s first Boss Cafe in the region.

    Questions & Answers

    What is the retail concept of the new Boss stores in Jakarta?
    The stores are designed to specifically accommodate Boss’s athleisure line, featuring stainless steel and glass fixtures, carbon-textured flooring, and concrete wall finishes.

    What kind of products are available in these new stores?
    The new stores offer a range of activewear and lifestyle clothing, including collections for golf and tennis, everyday casualwear, commuter-focused designs, and the Boss Performance range.

    What is the significance of the Boss store in One Bangkok?
    The store at One Bangkok is the biggest Boss flagship store in Southeast Asia and also houses the region’s first Boss Cafe.

  • Clarks Takes a Giant Step: Launches First Cloudsteppers Concept Store in Malaysia

    Clarks Takes a Giant Step: Launches First Cloudsteppers Concept Store in Malaysia

    British-based shoe company, Clarks, is set on opening its first-ever Cloudsteppers concept stores in Malaysia, marking a key element in its ongoing worldwide expansion strategy. This decision aligns with Clarks’ efforts to emphasize their new comfort-focused Cloudsteppers collection, which includes a comprehensive range of sneakers, sandals, and casual boots slated for launch next year.

    The company is initiating its move by launching three standalone concept stores within this month. The first of these opened its doors in Shah Alam yesterday, while the second is lined up for a grand opening in Kuala Lumpur later this week. The opening of a third store, scheduled to be located in the United States, will follow.

    Clarks is projected to establish at least ten new outlets across Southeast Asia and the U.S. within the following year. The company sees this landmark as an indication of its robust global business momentum. Over the past year, Clarks has been actively growing its footprint in retail and digital markets worldwide, with multiple store inaugurations and fruitful collaborations with various marketplace partners.

    In addition, Clarks revealed their new stores will carry a wider array of lifestyle essentials such as t-shirts, hoodies, socks, caps, and bags. This move comes as a result of the Cloudsteppers collection’s forthcoming transition into lifestyle offerings and expansion beyond footwear, thus making room for popular athleisure items.

    Clarks’ General Manager for Southeast Asia, Raymond Chew, expressed his belief that Southeast Asia is the ideal market for the Cloudsteppers lifestyle venture. He explained, “With Southeast Asia’s warmer climate and love for comfort-led footwear and apparel, it’s a perfect match.” He further added that the new store offers a unique and fresh experience to the market, describing it as modern, relaxed, and truly lifestyle-oriented. The company describes the store ambiance as “calm.”

    Questions & Answers

    What is Clarks’ new expansion initiative?
    Clarks is opening its first-ever Cloudsteppers concept stores in Malaysia as part of its global expansion strategy. The new stores will carry a comprehensive range of sneakers, sandals, and casual boots alongside lifestyle essentials like t-shirts, hoodies, socks, caps, and bags.

    Where are these new stores going to be located?
    The first three concept stores are being launched in Shah Alam, Kuala Lumpur, and the United States. Subsequently, Clarks plans to open at least ten more locations across Southeast Asia and the U.S.

    Why does Clarks see Southeast Asia as an ideal market for its expansion?
    The company believes that Southeast Asia’s warmer climate and the locale’s preference for comfort-led footwear and apparel make it a perfect match for the new Cloudsteppers concept stores.

  • Savor Italy in Thailand: Dolce & Gabbana Launches First Luxury DG Caffe in Bangkok’s Siam Paragon Mall

    Savor Italy in Thailand: Dolce & Gabbana Launches First Luxury DG Caffe in Bangkok’s Siam Paragon Mall

    Luxury fashion house Dolce & Gabbana has established its first DG Caffe in the heart of Bangkok, housed within the bustling Siam Paragon shopping complex.

    Design Details

    Designed to exude elegance and sophistication, the cafe is adorned with Dandong Green marble flooring and walls. The marble features are complemented by Carretto Siciliano decorative panels and a background of white checkerboard wallpaper, a signature pattern for the brand.

    Adding an extra touch of luxury, tables and bar counters are constructed from Indian Green marble. These striking features are paired with plush emerald green velvet seating, adding a rich, opulent appeal to the space. Custom pendant lights and wall sconces are strategically placed to illuminate the dining and bar areas, bringing a warm, welcoming glow to the establishment.

    Italian Meets Local Cuisine

    The DG Caffe menu is a celebration of the fusion between traditional Italian and Sicilian flavours and local Thai cuisine. Patrons can look forward to an array of offerings from breakfast items to light lunches and main courses. For those with a sweet tooth, the cafe also serves a variety of pastries and desserts.

    Bridge Between Cultures

    According to Dolce & Gabbana, the DG Caffe in Bangkok is envisioned to function as a cultural bridge. The establishment aims to pay tribute to the ‘Made in Italy’ concept and the brand’s dedication to craftsmanship, while also embracing the local culture of its new Thai home.

    Questions & Answers

    Where is the first DG Caffe by Dolce & Gabbana located?
    The first DG Caffe by Dolce & Gabbana is located in the Siam Paragon shopping mall in Bangkok.

    What design elements are featured in the DG Caffe?
    The DG Caffe showcases Dandong Green marble flooring and walls, Carretto Siciliano decorative panels, Indian Green marble tables and counters, emerald green velvet seating, and custom pendant lights and wall sconces.

    What can customers expect from the DG Caffe menu?
    The DG Caffe menu offers a fusion of Italian and Sicilian flavours with Thai influences, with options ranging from breakfast dishes to light lunches, main courses, pastries, and desserts.