Asia – Page 14
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NewsTesco raises £4.2bn from Homeplus sale as it calls time on South Korea
Tesco will raise £4.2bn from the sale of its Homeplus business to a consortium led by MBK Partners as it calls time on its South Korean operation.
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NewsTesco 'chooses preferred bidder' for South Korean business as sale nears
Tesco is remaining tight-lipped on the future of its South Korean business despite reports that it has chosen a preferred bidder for the chain.
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AnalysisHow to make the most of global grocery growth opportunities
The top 15 global grocery markets are poised to grow by 34% and be worth $8trn (£5.2trn) by 2020, the latest IGD forecasts show.
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OpinionComment: Leadership lessons from Dave Lewis’s first year at Tesco
As Dave Lewis reaches his first anniversary as chief executive of Tesco, it is fair to say he’s had a pretty tough year.
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AnalysisRetail share prices: Stores fall amid China turmoil but Poundland deal approved
Food and general retailers alike were down with the market as the effects of financial turmoil in China were felt in markets globally.
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VideoWatch: How global grocery sales are forecast to rise by 2020
Grocery sales are poised to rocket in India and Nigeria according to IGD. Find out how other countries will fare over the next five years.
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AnalysisFive consequences of China’s ‘Black Monday’ for retailers
A wave of panic hit yesterday as Chinese stock markets plummeted 9% during the day – their worst daily performance for eight years.
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OpinionChina crisis could take toll on UK retailers at home and abroad
China’s financial fortune cookie looks as if it may be in danger of being smashed to smithereens as investors worldwide dump equities.
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NewsTesco receives three bids in region of £3.74bn for its Korean business
Tesco has received three separate bids worth around 7 trillion won (£3.74bn) for its South Korean business – and could pick a preferred bidder this week.
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NewsTesco could delay sale of Korean business as local currency slides
Tesco could earn less than expected from the sale of its Korean business – and could delay the sell-off – after a slide in the local currency.
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NewsChinese tourist spend soars 45% in July after visa rules relaxed
Chinese tourists overtook the French as the second highest spenders in the UK last month, behind only American visitors, according to Visa.
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AnalysisAnalysis: Six ways to win in the world's biggest ecommerce markets
Ecommerce is fundamentally changing the way retailers do business abroad. So how can British retailers win in overseas markets?
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OpinionNeil Saunders: Why supermarkets aren't to blame for the UK milk crisis
As much as the UK’s big grocers make for popular villains, the milk crisis is not one of their causing – it is a story of supply and demand.
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NewsAlibaba acquires 20% stake in electricals retailer Suning in £2.9bn deal
Chinese etail giant Alibaba is investing $4.6bn (£2.9bn) in electronics chain Suning, one of the country’s largest bricks-and-mortar retailers.
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NewsChinese electronics retailer Gome strikes £1bn deal with jailed founder
The jailed founder of Chinese retailer Gome is to take control of the business after it revealed plans to acquire another of his companies.
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NewsRetail Diary: Asda staff hit right notes and 'the Rocket' fuels discounters' fire
Asda staff hit the right notes in-store, ‘The Rocket’ fuels Aldi and Lidl’s social media presence and Alibaba sources a rather unusual product.
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NewsHarvey Nichols quits Azerbaijan megastore after split with licence partner
Harvey Nichols has withdrawn from its luxurious seven-floor department store in Azerbaijan’s capital months after a high-profile launch, Retail Week can reveal.
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NewsKoovs hires ex-Asos director and tech executive Mary Turner as CEO
Online fashion retailer Koovs has hired Mary Turner, a former Asos director and boss of internet of things firm AlertMe.com, as its boss.
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NewsReport names UK among the best markets in the world for retailers
The UK is one of the best countries in the world to do business in but its infrastructure is holding it back, according to a new report.
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NewsBurberry posts retail sales rise, but warns of 'challenging' luxury market
Burberry has reported underlying retail sales rose 8% to £407m during its first quarter, but warned the trading environment “remains challenging”.