綠色BN
2014-07-29

Retail News Roundup – July 29

The top 5 retail news clips in Asia this week.
Newspaper
1 – Qingdao has big ambitions to become China’s shopping capital
Nicknamed “Oriental Switzerland” since German colonization in the 19th century and recently known as the future “
Hollywood of China” thanks to Dalian Wanda Group’s grand development plans, Qingdao will also soon be transformed into a mecca for luxury shopping in Northeast China.  >>

2 – Starbucks Malaysia sold
Berjaya Food (BFood) is taking full control of Berjaya Coffee Co (BStarbucks). BFood is paying 279.5 million ringgit ($88.04 million) to Starbucks Coffee International Inc to acquire the remaining 50 per cent stake in BStarbucks, with 173 outlets across Malaysia.
>>

3 – Middle East food chain to enter India
Middle East-based fast food chain Just Falafel will expand into India this year. Just Falafel has tied up with Prism Properties to develop 600 outlets across India, the first of which will open in Bangalore.
>>

4 – Japanese look to gear up luxury play
The launch of the Mercedes A Class and B Class and the BMW 1 Series had shaken the traditional market of luxury sedans dominated by Japanese car makers, as customers increasingly veered towards stylish, compact and sporty cars made by established luxury brands.
>>

5 – Mckinsey’s 2025 luxury forecast: China’s cities hold key to growth
The launch of the Mercedes A Class and B Class and the BMW 1 Series had shaken the traditional market of luxury sedans dominated by Japanese car makers, as customers increasingly veered towards stylish, compact and sporty cars made by established luxury brands. 
>>


 By Chris Hubbard 
   Market Strategy

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