…nglomerate of which he was then chief executive announced plans to open 60 stores in greater China by 2015. A year later, Ralph Lauren launched its first men’s flagship store in Asia in the Landmark Prince’s in Hong Kong’s Central district, and in October 2014 it opened an enormous “mansion” store at the Lee Gardens complex, presenting accessories, watches and jewellery as well as men’s and women’s fashions. Read more>> Perennial, SPH Buy Out SIM…
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Esprit Bails on HK$2M Per Month Causeway Bay Flagship Store
…ason for the move. The company also considers the location and size of the store when leasing, he added. “A large size [for a store] might not bring about good results,” Or told Apple Daily. “Esprit may be shifting its location strategy to more mall-focused and in form of smaller shop size,” said Cathie Chung, National Director of Research in JLL during a phone interview with Mingtiandi. “As compared to street shops, shopping malls tend to have a…
Daito Trust Will Invest a Combined US$74 million in JustCo and in a New Japan Joint Venture Sponsored Feature
…h exceptional flexibility, opportunities and experiences. Website: https://www.justcoglobal.com/ Facebook: https://www.facebook.com/JustCoGlobal/ LinkedIn: https://sg.linkedin.com/company/justco Instagram: https://www.instagram.com/justcoglobal JustCo Locations: Singapore 1. 6 Raffles Quay 2. 20 Collyer Quay 3. 51 Bras Basah Road 4. 120 Robinson Road 5. Asia Square Tower 2 6. AXA Tower 7. China Square Central (Opening in Q1 2020) 8. MacDonald Hous…
Wanda Launches Online Investment Product to Crowdfund Malls
…fy how much money it is intending to raise through this initial foray into online financing, but they did indicate that funds invested in the product would be earmarked for new mall development. Acting Like an Internet REIT When Wanda announced its online funding intentions in April, Wang Jianlin likened the product to a REIT, and, while full details of Stable Earner No.1 are not yet available, the company’s statement does seem to endow it with so…
Singapore’s GIC, Charter Hall Investing A$682M for Aussie Convenience Store Stake
…tex Australia in 1995 with Chevron controlling rights to the Caltex brand. Stores Leased Back to Ampol Under the terms of the joint venture, the sites of the convenience stores will be leased back to Ampol, with the weighted average lease expiry (WALE) across the properties at 19.2 years. The initial lease agreements on the sites are for 10 years, followed by multiple five-year extensions, according to Charter Hall. The trust will receive approxim…
Wuxi Apple Store Set to Be 12th in China
…retail network comes as other luxury brands have slowed the opening of new stores this year. Apple announced its Wuxi store last week, just before the opening of its eleventh outlet China outlet in the western metropolis of Chongqing this past Saturday. This newest shop will open in Hang Lung’s Center 66 shopping mall on August 2nd. Wuxi is just west of Suzhou in eastern China, and less than one hour from Shanghai by high-speed train. In addition…
JD.com Aims to Open 500 High Tech Supermarkets in Five Years
…ises 30-minute delivery to locations within three kilometres of a physical store. Online Giants Battle to Win China’s Produce War Screens displaying the origin, weight and storage method for fresh produce JD is boosting its efforts in offline groceries as its tech competitors are making their own bids to take a bigger share of China’s shopping market. Last week, Carrefour opened its first-ever smart supermarket in Shanghai in partnership with Tenc…
IKEA Opens First India Store in Hyderabad and More Asia Real Estate Headlines
…ers lay on beds and nestled into armchairs as Ikea opened its first Indian store, hoping to attract a burgeoning middle class with offerings tweaked to local tastes, including a variation on its famous meatballs. With an opening that featured a military band, the store in the southern city of Hyderabad is the first of 25 outlets the Swedish furniture company hopes to have open across the country of 1.25 billion people by 2025. Read more>> JP Morga…
HK-listed Toy Retailer Brings NYC’s FAO Schwarz to China
…ndent stores and 519 consignment counters in 44 cities that including Lego stores, the baby toy store Kidsland, and infant products outlet Babyland. Although consumer retail spending has slowed, a recent JLL report projects that children’s retail will remain popular as consumers prioritise lifestyle spending. “Under the current economic climate, demand for experience-related offerings is expected to see increased stability as consumers prioritise…
Wanda Takes Aim at O2O Prize with Buy of Online Payment Provider
…n on the Forbes China Rich List for 2014, and already owns China’s biggest online payment service Alipay. Alipay dominates the online payment market in China with an estimated 74.3 percent of the market (according to iResearch) and processed more than $150 billion in payments during 2014. While Wang’s recent Hong Kong IPO of his commercial properties, and expected IPO of his mainland movie theatres may have helped him win back ground on the China…
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