Tag: star

  • Bluebell Group’s BlueSpace: A New Retail Star in Shenzhen’s Premium Market

    Bluebell Group’s BlueSpace: A New Retail Star in Shenzhen’s Premium Market

    Bluebell Group has unveiled BlueSpace, an innovative multi-brand retail platform in Shenzhen, offering a curated selection of beauty products, fragrances, lifestyle items, and collector’s pieces all under one roof. This strategic move is part of the company’s ongoing expansion of its high-end retail offerings in the Chinese market.

    The first BlueSpace store is located at the Galeries Lafayette Shenzhen in UpperHills mall. The store carries a diverse selection of international and Chinese brands such as Malin+Goetz, Noble Panacea, Niance, The Different Company, Rose et Marius, Notes for Later, Chujian, To Wild, Bobo Nuts, and CosMouni.

    Aiming for Broader Growth

    BlueSpace is a significant component of Bluebell Group’s overarching growth strategy. It provides a unique retail format intended to assist brand partners in exploring and expanding their reach in China’s upscale consumer market. According to Philippe Guettat, the group’s president and CEO, this progressive model offers their brand partners an unprecedented, low-risk platform to forge meaningful connections with high-end consumers throughout China.

    Earlier in the year, Bluebell Group named Guettat as their permanent group president and CEO in a broader leadership reshuffle. This was done with the aim of reinforcing alignment across their Asian operations.

    Questions & Answers

    What is BlueSpace?
    BlueSpace is a multi-brand retail concept launched by Bluebell Group in Shenzhen. It offers a wide range of beauty, fragrance, lifestyle products, and collectibles under one roof.

    What is the significance of BlueSpace in Bluebell Group’s strategy?
    The introduction of BlueSpace is a key part of Bluebell Group’s growth strategy. It aims to provide a unique retail format for their brand partners to test and expand their presence in China’s high-end consumer market.

    Who is Philippe Guettat?
    Philippe Guettat is the group president and CEO of Bluebell Group. He was appointed to this permanent position earlier this year as part of a broader leadership reshuffle within the company.

  • Decoding Australia’s Health Star Rating: The Struggle for Parents Amid Confusion and Misinformation

    Decoding Australia’s Health Star Rating: The Struggle for Parents Amid Confusion and Misinformation

    Food labels are designed to facilitate healthier lifestyle choices. However, not all label systems are equally effective. Currently, a voluntary Health Star Rating system is in place in Australia, allowing food manufacturers to voluntarily label their products with a star, indicating how it compares to similar goods on the market. Yet, some manufacturers opt not to rate their products at all. There is an ongoing discussion within the Australian government about making these labels mandatory.

    The Health Star Rating system, while potentially useful, has proven to be often confusing and lacking credibility among consumers, according to new research on parenting and food in Australia. If it becomes mandatory, the system will require significant adjustments in order for consumers to trust and find it useful.

    Understanding How Health Star Ratings Work

    The Australian government, in association with the food industry, public health, and consumer groups, introduced the Health Star Rating system in 2014. Products are rated from an unfavorable half-star to a desirable five stars. Factors such as calories, saturated fats, sugars, and sodium lower the product’s rating, while fibre, protein, and the content of fruits, vegetables, nuts, and legumes increase it.

    The system works on a balance of good and bad factors. This allows companies to tailor their products strategically to enhance the rating, possibly obscuring unhealthy ingredients. The ratings do not take into account processing and additives like sweeteners, coloring, emulsifiers, preservatives, and artificial flavorings. Prior research has indicated that the ratings can inadvertently promote ultra-processed foods over unprocessed foods and misrepresent their healthiness.

    Consumer Confusion and Skepticism

    Recent interviews with 34 parents in Australia revealed that the Health Star Ratings are often perceived as “misleading,” “unhelpful,” and “misapplied”. Some even thought the ratings were a paid marketing tactic used by companies.

    One common issue is the positivity bias of the symbol. Stars are generally perceived as positive, causing confusion when applied to food ratings. Despite the product’s star rating, parents reported that they still had doubts:

    Another issue is the assumption that all packaged food rated five stars is healthy. Parents also expressed concern that some unhealthy foods were assigned stars, which they thought was misleading. This has led to many parents disregarding the rating system and relying on ingredient lists, apps, and extensive internet research to make healthier choices. However, this has also led to frustration as these parents feel that the burden of making healthy choices is being unfairly placed on them.

    Need for a Better Food Labelling System

    Despite these issues, the parents interviewed believed that a front-of-pack system is valuable but wished for transparency, trustworthy information, and food policies that prioritize consumer health. They expressed the need for government intervention, as they felt the food industry would not independently prioritize consumers’ health.

    Other nations like Chile, Mexico, Brazil, and soon Canada, have adopted a ‘stop-sign’ warning system to deter consumers from least healthy products. These large Black Octagons warn consumers about high sugar, sodium, and saturated fats, and ultra-processing. Evidence suggests these warning labels have had a positive impact on nutrition and public health in these countries and might be a viable option for Australia.

    To support healthier eating, a fit-for-purpose food labelling system needs to be mandated. Governments should prioritize consumers’ voices in these and other national food policies to ensure they function as intended.

    Questions & Answers

    What is the Health Star Rating system?

    The Health Star Rating system is a voluntary label system in Australia that rates food products from half a star to five stars. The rating is based on the nutritional content of the product.

    What are the issues with the current Health Star Rating System?

    The system has been found to be often confusing and lacking credibility among consumers. It doesn’t consider processing and additives, which can lead to ultra-processed foods being rated higher than minimally or unprocessed foods.

    How can the food labelling system be improved?

    The system needs to be more transparent and trustworthy. One approach could be adopting a ‘stop-sign’ warning system like in Chile, Mexico, Brazil, and soon Canada, which alerts consumers about high sugar, sodium, and saturated fats, and ultra-processing.

  • Chinese Automaker Geely Auto Scraps STAR Market Listing Plan

    Chinese Automaker Geely Auto Scraps STAR Market Listing Plan

    China’s Geely Automobile Holdings Ltd said on Friday it is dropping plans to list new shares on the mainland’s Nasdaq-like STAR Market.

    Zhejiang-based Geely Auto, China’s highest-profile automaker thanks to parent Zhejiang Geely Holding Group’s investments in Daimler AG and Volvo Cars, is listed in Hong Kong with a market capitalization of HK$255 billion ($32.85 billion).

    In September, Geely Auto said in a filing that it planned to raise 20 billion yuan ($3.10 billion) from the STAR Market listing.

    Geely Auto is aiming to sell over 1.5 million vehicles this year. It also said would seek external funding for its newly-launched electric Zeekr brand.

    In February, Geely Auto said it abandoned the merger plan with sister company Volvo Cars.

  • Star creates stir as Adidas Neo ambassador

    Star creates stir as Adidas Neo ambassador

    After scarcely a month, Chinese entertainer Jackson Yi from boy band TFBoys has already created a stir as brand ambassador for clothing and footwear label Adidas Neo.

    Following his appointment, on his birthday, Adidas Neo launched three online and offline interactive marketing activities targeting his fans.

    His first assignment was a Jackson Yi gift box, awarded to 1128 winners of a draw on the Adidas Neo online store (the number references his birth date). Photos of the winners combined with a Yi poster went viral when posted on Weibo.