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Tag: spain

  • Vinh Foods products to be sold in Spain supermarket

    Vinh Foods products to be sold in Spain supermarket

    Vinh Foods products, a brand of catfish processor Vĩnh Hoàn Corporation, have been put on the shelves of Mercadona, the largest supermarket chain in Spain, from December.

    Vĩnh Hoàn Corporation is expected to earn revenue equal to 10 million euros (US$10.5 million) from supplying tra fish to Mercadona in 2017 and 16-19 million euros in 2018-19.

    The company started negotiations with Mercadona in 2015 and the first batch was shipped this September.

    Mercadona owns a chain of 1,598 supermarkets, accounting for nearly 60 per cent of the tra fish retail market in Spain, until October.

    Vĩnh Hoàn Corporation is the largest tra fish exporter in Việt Nam. Statistics showed that in the first 10 months of this year, the company earned revenue of more than $202 million, a rise of 8 per cent over the same period last year.

    Việt Nam earned $1.67 billion from exporting tra fish this year, increasing by 7 per cent over 2015.

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  • Restructure for Rakuten Europe

    Restructure for Rakuten Europe

    A restructure of Rakuten Europe will see the Japanese eCommerce company exit two countries to focus on France and Germany.

    Following a strategic review of its operations in Europe, Rakuten has decided to close its operations in the UK and Spain, due to the high capital cost of growth relative to the size of the businesses. The company says the move will “ensure it is fit to capitalise on future opportunities in the region”.

    “Rakuten will focus its eCommerce marketplace investment in France and Germany as the businesses there have the scale and potential for sustainable growth,” it said in a statement.

    Rakuten has started to talk with employees around the its plans to close the Rakuten UK marketplaceand its Cambridge operations and the Rakuten Spain marketplace and its Barcelona operations.

    The company will also start serving Austrian merchants from its German operations base after closing its dedicated Austria portal, currently managed out of Vienna.

    Rakuten says the marketplaces will close by the end of August, subject to completion of the consultation process with impacted employees in relevant jurisdictions, as well as other legal processes.

    “Rakuten will continue to evolve the eCommerce business model in countries across Europe, including initiatives such as the launch of a new Price Club to enhance membership loyalty in France and Rakuten Pro in Germany, a low-commission model for merchants aimed at enhancing service quality,” the statement said.

    “Rakuten will also continue to grow its presence in Europe across its diverse business portfolio, from eCommerce to digital content businesses such as Wuaki and Kobo, to the Viber messaging platform and the adtech business Rakuten Marketing.

    Headquartered in Tokyo, Rakuten Inc is one of the world’s leading internet services companies, offering a wide variety of services for consumers and businesses with a focus on eCommerce, finance, and digital content. It is Japan’s largest online retail portal, long referred to as “Japan’s Amazon”.

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  • Missha Barcelona debut

    Missha Barcelona debut

    South Korean cosmetics brand Missha has opened a new store in Barcelona, Spain.

    The new Missha Barcelona store marks the Able C&C-owned brand’s second European market, after it opened a store in Ingolstadt in Germany in February.

    Missha is the first Korean cosmetic brand to open a retail store in Spain.

    While Missha had ‘shop in shop’ stores in Seville and Madrid, the Barcelona store is its first stand alone shop in Spain.

    Missha management say they chose Barcelona as the location for the newest European store because Spain is the fifth largest cosmetics market in Europe.

    “Since the economic slump, the demand for middle-low priced cosmetics has risen. Imports of Korean cosmetics have been increasing, which made us decide to branch out to Spain,” said a spokesman.

    Missha currently manages 2100 stores in 30 countries, and is considering opening more stores in Berlin and Munich, Germany.

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  • Bali ‘s exports to Spain increased 38.93%

    Bali ‘s exports to Spain increased 38.93%

    The exports of unique Balinese crafts and antiques to Spain increased by 38.93 percent, from US$5.4 million recorded in January-April 2014 to US$7.4 million in the same period in 2015.

    “Spain imports various woven products in the form of sandals, cloth bags, non-knitted items, confectionery, and furniture,” Balinese entrepreneur Made Parwata stated here on Thursday.

    According to Parwata, Balis growth in foreign trade, particularly with Spain, seems positive, especially after the government increased the frequency of flights to European countries.

    He remarked that Spanish consumers are consistent in buying various Balinese art products.

    Spanish importers always order items via email every month.

    In addition to Spain, the Netherlands, Greece, England, France, and the United States are the top ten buyers of Balinese handicrafts.

    According to records provided by the Central Statistics Agency (BPS) of Bali, Spain ranks seventh in the list of largest buyers of Balinese non-oil products in early 2015, after the United States, which is the biggest consumer, with exports amounting to US$38.8 million followed by Japan at US$16.5 million, Singapore US$14 million, and Australia US$13.3 million.

    The increasing number of foreign tourists travelling to Bali is expected to significantly affect foreign trading, especially the sale of souvenirs and agricultural products, including Balinese coffee.

  • Inditex sales, profit rise

    Inditex sales, profit rise

    Same store sales and group profit both increased by five per cent at Spanish apparel giant Inditex in 2014.

    In financial statements just released, Inditex said its key same store sales growth indicator stands at 23 per cent over the past five years. Net profit totalled €2.5 billion. Group sales revenue rose by eight per cent in the year to January 31, to €18.12 billion.

    Inditex owns Zara, Zara Home, Pull&Bear, Bershka, Oysho, Stradivarius, Massimo Dutti and Uterque.

    The group has announced a profit sharing plan under which employees will participate in earnings growth in the next two years, benefitting workers in stores, manufacturing, logistics, concepts and subsidiaries all over the world, so long as they have been working for Inditex for at least two years. That adds up to about 70,000 beneficiaries in 54 markets.

    In 2014 the group generated 8741 new jobs worldwide, 1800 of them in Spain. Inditex’s headcount totalled 137,054 at January 31.

    In 2014 Inditex opened 343 stores in 54 markets, taking its network total to 6683 in 88 markets. It debuted in just one new market last year – Albania.

    In total it opened new establishments in 54 markets worldwide. Some of the most noteworthy openings included flagship Zara stores in Zurich (Bahnhofstrasse), Miami (Lincoln Rd), Madrid (Serrano), Krakow (Rynek Glowny), Hong Kong (Queens Rd) and Shanghai (East Nanjing Rd) to take its total number of stores in China to over 500 across 60 cities.

    The group’s other chains also opened high-profile stores such as the Pull&Bear stores in Milan (Vittorio Emanuelle II) and Amsterdam (Kalverstraat); the Massimo Dutti stores in Vienna (Kholmarkt) and Palma de Mallorca (Born); the Bershka store in Turin (Via Roma); the Uterqüe store in Madrid’s airport; the Stradivarius store in Osaka (Shinsaibashi); the new image Uterqüe store in Barcelona’s airport; the Oysho store in Barcelona (Pelai); and the Zara Home flagship in London (Kensington High St). In 2015, Zara Home has opened its first stores in Australia, making it the second chain in the group to boast a presence in the market, after Zara.

    New stores planned for 2015 include prominent openings on Oxford St 61 (London), in Plaza Cataluña (Barcelona) and a number of openings in various US cities, including three in New York: one on Fifth Avenue and 42nd street, inaugurated last week, another in the new World Trade Centre, in the heart of the New York’s financial district, and a third in SoHo, in a building recently acquired by the group.

  • Inditex ends Angora lines

    Inditex ends Angora lines

    Spanish fashion giant Inditex has announced a complete and permanent ban on the use of angora wool across all its brands.

    The ban follows discussions with animal rights group PETA US and a media expose of the cruel practice where live rabbits’ fur is ripped from their skin to produce the soft thread.

    Inditex, the world’s largest clothing retailer, says it will no longer stock products using angora wool in Zara, Pull&Bear, Massimo Dutti and Bershka stores.

    It went further to donate 20,000 brand-new angora wool garments manufactured in previous seasons (with a retail value of approximately US$878,000) to Syrian refugees in Lebanon through the charity Life for Relief and Development.

    “Thanks to Inditex’s massive donation, PETA is able to send a vital message about compassion for animals this winter – that only people desperately lacking basic necessities have any excuse for wearing fur that is ripped out of live animals’ bodies”, says PETA MD Ingrid E Newkirk.

    “We’re calling on all remaining retailers – such as Benetton – that are still touting these products of rabbit torture to follow quickly in the footsteps of Inditex and others, or else they’ll watch their customers, wallet in hand, walk out the door.”

    A PETA Asia investigation found some rabbits used for angora scream in pain as their fur is ripped out, while others are cut or sheared and invariably wounded by the sharp tools as they struggle desperately to escape. In addition, the angora farming industry condemns these intelligent, social animals to years of isolation in small, filthy wire cages.

    Inditex join more than 70 top brands and retailers – including Asos, Calvin Klein, Stella McCartney and Tommy Hilfiger – which have permanently banned angora wool as a result of PETA Asia’s investigation.