Retail News CRM

Tag: venture

  • Fjallraven launches local E-commerce initiative

    Fjallraven launches local E-commerce initiative

    Swedish outdoor heritage brand Fjallraven has launched a local online presence in New Zealand, as part of a broader push into the ANZ market.

    The move follows the launch of a local Australian site in 2017, and the opening of two brick-and-mortar stores, including the launch of a Sydney flagship store last month.

    Brand manager Susan Park said a bricks-and-mortar store is on the agenda for New Zealand as well.

    “New Zealand is definitely in our brand strategy for a store,” Park said.

    “We just launched Fjallraven.co.nz to satisfy the growing demand in New Zealand. We have some other locations on our radar and plan to look at them when Sydney has established itself as a leading destination.”

    Demand for the brand has been growing in Australia and New Zealand since Zen Imports became Fjallraven’s local distributor in 2017, establishing new partnerships with retailers in the region.

    The brand’s most popular product is its Kanken rucksack, a style Fjallraven first debuted in 1978, which has become hugely popular around the world.

    According to Park, however, interest in the brand’s broader range of jackets, trousers and other outdoor apparel has been growing in Australia since the brand’s first brick-and-mortar store opened in Melbourne last year.

    Introducing customers to the brand’s full range of products, and its Swedish heritage – through a daily ‘fika’ or coffee break, offered free to customers in-store – is a key part of Fjallraven’s store strategy.

    The retailer is also planning to reach customers in new ways with the launch of Fjallraven Discovery Australia, a three-day hike in the Grampians designed to get people outdoors and back to nature.

    This is in keeping with the growing theme of Fjallraven hikes all over the world.

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  • CIMB get permission for banking venture with Philippines

    CIMB get permission for banking venture with Philippines

    CIMB Group Holdings Bhd has obtained the green light to establish its investment banking business in the Philippines. In a filing with Bursa Malaysia, the group said its wholly owned subsidiary CIMB Group Sdn Bhd had on Jan 23 received the relevant approvals from the Securities and Exchange Commission of the Philippines, including the Certificate of Incorporation and Certificate of Registration for an investment house licence.

    The investment banking business in the Philippines will be operated via a 60% shareholding in CIMB Bancom Capital Corporation with the remaining 40% stake to be held by local partners Bancom II Consultants, Inc and PLP Group Holdings, Inc.

    The three parties have entered into a joint venture agreement following the receipt of the approvals.

    CIMB shares went down 1 sen or 0.2% to close at RM5.65 today on 13.4 million shares done.

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  • Reliance Group launches dedicated IoT venture

    Reliance Group launches dedicated IoT venture

    Indian conglomerate Reliance Group, parent company of Reliance Communications (RCom), has teamed up with Cisco Jasper to launch a new dedicated IoT venture in the market.

    The new venture, UNLIMIT, will provide enterprise customers throughout India with a service that combines the RCom mobile network with Cisco Jasper’s IoT connectivity management platform.

    As part of the partnership, Cisco will also improve its IoT engineering talent base in India by hiring more expert staff for its Cisco Innovation Center in Bangalore.

    Indian customers seeking to expand their IoT services to new overseas markets will be able to take advantage of Cisco Jasper’s partnerships with operator groups representing more than 120 mobile networks worldwide.

    The new service is also expected to play a key role in supporting the government’s Digital India project, which aims to transform 100 cities across the nation into smart cities.

    “IoT is a critical enabler for India’s growth, and businesses throughout the country are already utilizing its huge potential to help deliver innovative new services to their customers, while reducing cost and increasing revenue,” commented Juergen Hase, CEO of Reliance Group’s Unlimit IoT business group.

    “We are delighted to partner with Cisco Jasper, and this strategic partnership will strengthen the market position of UNLIMIT significantly.”

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  • Money increase for iprice comparability idea

    Money increase for iprice comparability idea

    Iprice Group, a Malaysia-based on-line worth comparability service for consumers, has acquired a $550,000 money funding from an angel investor enterprise capital group.

    Based solely final October, the enterprise is already lively in its residence base Malaysia, together with Hong Kong, Singapore, the Philippines, Thailand, Indonesia and Vietnam. The corporate says its on-line visitors is greater than doubling each month.

    The US$550,000 in funding was invested by from Asia Enterprise Group, a Malaysia-based angel investor, which needs to assist Iprice create “the most important on-line buying group in Southeast Asia”.

    Iprice co-founder Heinrich Wendel says the thought of the web site is to create “a pleasant on-line purchasing expertise” by giving buyers an intuitive and visible option to uncover merchandise.

    “Whereas different websites within the area are all about evaluating costs, we give attention to narrowing down the huge quantity of merchandise to your private choice. Regardless of you’re on the lookout for a blue and black gown, three-inch excessive heels, a strong backpack or a basic Chesterfield couch, we’ll present you the place you will get one of the best supply.”

    Because the younger Web inhabitants within the area is rising by greater than 50 per cent inside the subsequent three years – based on a report by UBS – it can drive eCommerce quantity no less than five-fold by 2020. Tapping into this potential, the web site already provides greater than three million merchandise from over 10,000 native and worldwide manufacturers, sourced by way of trusted on-line shops.

    Consumers flick through the hundreds of thousands of merchandise by classes, manufacturers, fashions and hues, amongst different attributes, to get inspiration. All merchandise are mechanically linked to particular promotions and coupons which might be provided by the respective eCommerce shops. Sooner or later, the corporate says it’ll double down on its machine studying algorithms to additional enhance the “sensible search” and supply particular person suggestions in response to the consumer’s searching behaviour.

    Working from its Kuala Lumpur headquarters, the corporate employs expertise from throughout Southeast Asia, enabling them to deal with the wants of every native market individually.

    For eCommerce shops, iprice supplies invaluable experience in on-line advertising, serving to them to increase their attain to new markets and develop their buyer base. Tito Costa, Zalora Group MD, says he recognises iprice as a robust affiliate associate.

    “Iprice helps internet buyers to seek out what they’ve been on the lookout for and to find new merchandise. They ship excessive changing visitors to Zalora throughout the Southeast Asia area and drive our income considerably,” he stated.

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