綠色BN
2016-06-28

Retail News Roundup – Jun 28

The top 5 retail news clips in Asia this week.
Newspaper
1 -McDonald’s gets first bids for 2,300 outlets in China and Hong Kong
McDonald’s has received more than half a dozen bids for its China and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower and ChemChina, in an auction that could fetch up to US$3 billion. >>

2 – Japan’s Aeon to open 4th megastore, eyes expansion in Vietnam
Japanese retail giant Aeon has revealed an ambitious plan for Vietnam, where the retail market is forecast to grow nearly 12 percent a year to around US$179 billion in 2020. >>

3 -A Drastic Dearth of Mainland Chinese Visitors Hurts Hong Kong’s Retail Businesses
New Sa Sa stores are set to open in train stations and near the Mainland China border as the beauty retailer adapts to the changing demographic of Hong Kong shoppers. >>

4 – Tops Thailand parent plans aggressive expansion
Tops Thailand parent Central Food Retail has committed Bt6.5 billion (US$183 million) to open new stores during the next five years. >>

5 – Singapore food brands eye Philippines
With the Philippines’ population of 20 times more than that of Singapore, the city state’s F&B brands are finding an attractive market in the fastest growing economy in Southeast Asia. >>


  By April Wu 
  China Market Strategy

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