…Bengaluru and Ahmedabad. Read more>> Canada Goose Delays Opening of China Store Over Huawei Battle Canadian clothing brand Canada Goose delayed the opening of a new flagship store in Beijing on Saturday, a decision that comes as Canada and China are locked in a diplomatic standoff. Famous for its high-end parka jackets, Canada Goose said its new store would not open as planned because of ongoing works. Read more>> HK Retailer Plans HK$1B in Tech…
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Suning Buys 37 Wanda Department Stores for Under RMB 8B
…hanghai, Nanjing, Chengdu and Wuhan. However, in 2015 alone, 56 of Wanda’s stores were closed and Wanda Department Store has since been left out of the group’s financial reports. Today, the group touts its core businesses as commercial property management, cultural industry, real estate and finance on its website. Suning Expands Relationships with Development Giants The deal cements a relationship between Wanda and Suning, which is already a signi…
Japan’s Takashimaya Pulls Out of China and More Asia Real Estate Headlines
…hops. Japanese Retailer Takashimaya Pulls out of China Japanese department store chain Takashimaya will close its flagship store in Shanghai in August and halt its operations in China, Nikkei has learned. The store has been losing money and the Osaka-based company decided it would be difficult to turn the business around as private consumption has slowed in China amid the trade war with the US. Read more>> Hong Kong Co-Working Rates Set to Rise Re…
Luckin Backer Centurium Raises $2B for Debut Fund and More Asia Real Estate HeadlinesÂ
…wns five data centres across Indonesia. Read more>> Versace Opens Flagship Store in Beijing Versace China’s new flagship store has opened in Beijing as part of a concerted plan by the fashion label’s new owners to expand its footprint globally. Located in Beijing’s China World Mall, and bringing its store network to 53 outlets, the more than 4300 square foot (399 square metres) two-level boutique features a marble-based store design overseen by Fr…
Think Asia Pacific: What’s in Store for the Region’s Real Estate Markets in 2020? Sponsored Feature
Nuveen Real Estate, one of the largest investment managers in the world, provides an in-depth sector analysis into the Asia Pacific real estate market for 2020 and discusses why the company, which manages a suite of funds and mandates across Asia Pacific, Europe and the United States, is watching for a recovery. The outlook for Asia Pacific economies heading into 2020 is showing clearer signs of improvement after the significant headwinds that th…
Pradera Retail Asia Relaunches Mosaic Metro Park Sponsored Feature
…st fashion anchor stores and breaking up the big anchor space into smaller stores with a breadth of new speciality stores to enrich the variety and offer. As an example, a fast fashion anchor store was replaced by a dozen athleisure stores such as Adidas, Puma, FILA, Vans, and Nike. After the adjustments and upgrade, there are now over 60 fashion retailers in Mosaic Metro Park, serving the local customers with a focus on value and brands. Mosaic M…
GIP May Join DigitalBridge Bid in $13B Airtrunk Sale and More Asia Real Estate Headlines
…t of a $205 million loan. Read more>> Prada to Open Harbourfront Hong Kong Store After Years of Downsizing Prada is renting an 8,000 square foot (743 square metre) store at K11 Musea, a harbourfront luxury shopping mall by New World Development, people familiar with the matter said. Construction work for the two-floor store will begin soon and it’s expected to open early next year, said the people, who asked not to be identified discussing private…
China Mall 2020: Retail Moves into the Mobile Age
…shape the future of China’s shopping centres. Covering the Convergence of Online and Offline in China The report explores how China’s world-leading adoption of the mobile Internet and m-commerce are dissolving the barriers between online and offline shopping, and examines how leading companies such as Burberry, Tencent, Baidu and Suning are following these trends with their own retail innovations. Mingtiandi’s research for the white paper, which…
Guangzhou R&F Heir Buying $75M Bel Air Home Online and More Asia Real Estate Headlines
…n into an Australian healthcare real estate vehicle, while China’s biggest online property portal launches in UAE. Elsewhere, the first home of a traditional Chinese medicine retailer is put up for sale in Singapore. Guangzhou R&F Heir Said Buying $75M Bel-Air Megamansion Liang “Johnson” Zhang, the son of Li Zhang, one of two co-chairmen of developer Guangzhou R&F, is said to have made an all-cash offer on a luxury Bel Air estate at 822 Sarbonne R…
Naked Hub Rolls Out Automated Co-Working With Launch of naked Hub GO Sponsored Feature
…ll-time memberships offered at each naked Hub, gives Hubbers access to the online and offline business networking offered through each centre and via the naked Hub app, including a dedicated business matchmaking service. On demand means paying only for the minutes that you use the room The matchmaking service helps members to meet relevant new contacts, provides a virtual bulletin board where members help each other to solve business needs, and pr…
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