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Mexican restaurant chain, Mad Mex, has acquired back the 50 per cent ownership from its Singapore-based venture partner, 4Fingers International, shifting focus to its home market. In 2018, 4Fingers bought 50 per cent of Mad Mex as part of the Australian Mexican quick-service restaurant brand’s expansion into Asia.
Woolworth’s play is the latest in a string of acquisition offers for API, from a proposed merger with Sigma in 2018 , to an offer of acquisition from Wesfarmers in 2021 , which was rivalled by Sigma , and now Woolworths. The post Woolies blocks Wesfarmers’ plans for API with $872 million bid appeared first on Inside Retail.
Woolworth’s play is the latest in a string of acquisition offers for API, from a proposed merger with Sigma in 2018 , to an offer of acquisition from Wesfarmers in 2021 , which was rivalled by Sigma , and now Woolworths. The post Woolies blocks Wesfarmers’ plans for API with $872 million bid appeared first on Inside Retail.
Customer experience LSKD has ‘audacious’ growth plans for the next few years and Shaughnessy is expected to play a key role in helping the brand create a unique in-store experience and ensuring the right products are stocked in each store. LSKD was recently named ‘Business of the Year’ in the 2024 Telstra Best of Business Awards.
By using future-focused insights, retailing marketers can evolve their strategies to stay abreast of change. A marketer’s crystal ball? No matter the position your brand or business holds in the market, foresight tools are designed to support you in building on your goals. Foresight does not require a belief in astrology.
In May 2019, the World Health Organisation officially classified ‘burnout’ as a recognised illness, while a 2018 Gallup study found that of the 7,500 full-time employees surveyed, 23 per cent felt burned out at work very often or always, and an additional 44 per cent felt burned out sometimes. Employee-choice market.
Since 2018, when the OG aggregator, Thrasio, launched in the US, there has been a veritable explosion of similar startups, including Opontio in Dubai, Upscalio in India, Valerio in Mexico and Rainforest in Singapore. It has already acquired several e-commerce businesses in Australia, where it plans to focus its efforts.
SS: The market trends are consistent with what Witchery has experienced in the past 12 months. In the past year, one of our proudest initiatives has been formalising our commitment to Reconciliation through our first Reconciliation Action Plan. IR: What are your plans for Witchery going into the next financial year?
A marketing campaign by Mixue offering “1000 Sydney students to have a drink for free” was launched for the brand’s first location in Sydney. As several milk tea companies have begun to expand in the market over the past two years, Australia appears to be a promising market for milk tea players.
Brazilian restaurant chain Oakberry entered the Australian market in 2018 after ANZ CEO Renan Fretes-Pinto identified a gap in the market for healthy fast food. Renan Fretes Pinto: We opened the first international store in Bondi in December 2018. I thought that this concept would go so well in Australia.
The deal, which covers both physical and digital retail, will see the business return to the UK after three years, having exited all 100 of its UK stores in 2018: resulting in the loss of more than 3,000 jobs, according to The Guardian.
South Korea’s beauty conglomerate Amorepacific announced at its recent Investor Day that it is shifting focus from China to the US and European markets while seeking new brand acquisitions. China, which generated half of the company’s Asian revenue in 2023, has diminished as a key market. billion won (US$85.3
When he took over the helm of Myer in 2018, it was losing sales and struggling. King established the ‘customer first plan’ which helped the department store navigate the pandemic and return to being a profitable and stronger business. The Myer board will conduct a local and international search for King’s replacement.
The travel retailer also plans to increase the Melbourne Airport store’s footprint to 5800sqm in the future, eyeing annual sales of $243 million. The company expanded into the Australia-New Zealand travel retail market in 2018 after acquiring five duty-free shops in the region from JR Duty Free.
Burberry’s new chief executive Jonathan Akeroyd will on Thursday set out his plan to finish the job started by his predecessor: boosting growth at the British luxury brand to the levels of its European rivals. Leather goods account for around 20 per cent of Burberry’s sales versus 70 per cent at Bottega Veneta.
Musk is now willing to proceed with his original plan to buy the social media company for $44 billion and late on Tuesday he tweeted: “Buying Twitter is an accelerant to creating X, the everything app.” Yes, Snapchat parent Snap Inc previously introduced peer-to-peer payments called Snapcash, but ended the feature in 2018.
An untold number of coffee shops across the globe have temporarily or permanently closed at the height of the pandemic but Vietnam’s TNI King Coffee has bucked the trend, opening its first store in the US early this year and pushing forward with expansion plans. Our current immediate plan is global expansion.
Chinese fashion company Shein is significantly ramping up its marketing efforts in South Korea to capitalise on the country’s burgeoning e-commerce sector. The number also positioned the company as the fourth-largest in the domestic market after Coupang, 11Street and AliExpress, according to Business Korea. billion won.
Myer’s online sales have more than doubled since John King took over running the department store in 2018, and the CEO believes they can double again to reach $1 billion in the not-too-distant future. QUT professor of marketing and consumer behaviour Gary Mortimer believes this is a sign of years to come. Myer reported $539.5
Self-service micro market chain Morsl has secured $5 million in a series-A capital round, increasing the company’s valuation to $14.4 Borland added that the new capital would allow the company to market its services and show how it can provide employers with a workable wellness solution for their employees. The company invested $4.3
Tapping into sub-cultures is how Reebok plans to avoid returning to its “stagnated” 90’s state. Just Beatnik it James Chan, head of marketing at Reebok, told Inside Retail , “Reebok Australia’s brand strategy centres on positioning as the leading irreverent sports brand.”
Southeast Asia, a region with a collective population of 630 million – half of them under 30 – is one of TikTok’s biggest markets in terms of user numbers. Chew said TikTok has 8,000 employees in Southeast Asia, and 2 million small vendors selling their wares on its platform in Indonesia, the region’s biggest economy.
In the past few years, the lab-grown diamond market has grown exponentially. billion in 2021, according to global research and consulting firm Allied Market Research, it is expected to reach US$55.6 The rise of the synthetic diamond market The first known batch of lab-grown diamonds was created by General Electric in 1954.
The plan, according to Oroton’s chief executive Jenny Child is to inspire customers to come in-store to check out the technology, as well as invite passersby to engage with the mirrors. While Oroton is the first brand in Australia to bring Zero10’s smart mirrors to market, other brands have been experimenting with similar technologies.
Life partners and Youswim co-founders Elise Wallbank and Julian Tali launched the UK-based brand Youswim in 2018 to forever change size inclusivity and modernise sustainability in the swimwear market. IR : How does Youswim stand out from competitors in the market? Inside Retail : How did the idea for Youswim come about?
Amazon is planning to shut all 68 of its physical bookstores, Amazon 4-star, and Pop up stores across the US and UK, shifting its focus to the groceries businesses and new retail concepts, the company told Reuters. It has plans to investigate larger format non-food shops, open a fashion concept, and continue its drive-in grocery.
This year, however, brands won’t be able to analyse sales data and trends from the northern hemisphere winter to guide their buying and marketing strategy. The China market will be really busy this upcoming winter because of the Olympics,” Pompilio said. “We The market is growing but the general absolute base is not massive.
Launched in 2018, Subtl Beauty is built around the idea of having all your makeup essentials — like concealer, blush, and powder — in one easy-to-use stack, or ‘stak’, as the brand dubs its hero product, rather than carrying around a bulky slew of items. IR : In December 2023, Subtl Beauty raised $8.4
It comes as the brand plans to open new stores in Sydney and Melbourne in early 2024. When Inside Retail spoke with current CEO Craig King back in 2018 it was established that the company was scouting for CBD locations in both Melbourne and Sydney.
In 2018, specialty vacuum and cleaning retailer Godfreys was delisted from the ASX and bought back by the family of John Johnson, who started the business 90 years ago. One question we’ve [faced] this year is, ‘Why didn’t you come to the market before, and talk to people about what you’re doing.’ Flexible expansion plans.
I’m [coming in] because I want to listen to the team, and add my value to that plan going forward,” he said. “I He added that the company’s online and in-store market share growth of 38 per cent outpaced brands like David Jones and Catch, while its home category growth of 53 per cent surpassed the growth of Temple & Webster and Adairs.
Earlier this year, Premier Investments chairman Solomon Lew announced plans to spin off Smiggle into a separate ASX-listed entity. What do these leadership changes say about Blundy’s plans to grow his retail portfolio, and perhaps more importantly, what do they mean for the future of Premier? million business to a $319.8
It wasn’t exactly planned that way,” Bloom admitted. And there are plans to grow the brand’s presence further next year. Toymate has been in operation in Australia for 12 years and gained a strong position in the market when Toys ‘R’ Us collapsed in 2018. Four stores in four weeks.
From one analyst’s perspective, the Australian mergers and acquisitions landscape is considered to be relatively subdued, but there are signs that confidence in the market is returning. billion after the share market closed on June 7. He added that “even if [the company does not go public], the market won’t be down forever,” he said.
Azura Fashion Group was born out of the uproar caused by Burberry’s revelation in 2018 that it had destroyed millions of dollars worth of excess stock, rather than sell it at a discounted price, to protect its brand image. Over the years, Azura Fashion Group has turned to the secondhand market to sell items that are returned.
The largest Danish retailer operating globally, JYSK , is set to open two new stores within the Greater Manchester region as part of its ambitious UK expansion plans. JYSK Bury and Stockport are just two of the store launches that JYSK has planned for this year, with stores in Leeds, Barnsley, and Gainsborough also opening during 2021. .
According to Takashimaya, even before the global health crisis, businesses around the world were seeking to become more sustainable, but the pandemic moved them to act on those plans. The global sustainable plastic packaging market is projected to grow by 5.6 billion by 2025, according to a study from Research and Markets.
Attractive market Geo Holding, the parent company of secondhand clothing retailer 2nd Street, reported strong sales performance in its latest financial statement. Ogasawara added: Contemporary products tend to be popular across luxury secondhand markets. billion yen (US$5.4 billion) and accounted for 28.2
Greenstreat was founded by brothers Jackson and Jesse McGrath, who grew up making salad dressings, sauces and glazes with their family, and selling the products at markets across Australia’s east coast. Brisbane is a different beast, and it took longer to build that brand recognition because it’s a new market,” McGrath said.
On July 1, Melbourne-based direct-to-consumer (DTC) luggage brand July launched in the US, its first market outside of Australia and New Zealand. That’s the power of the US market,” July co-founder and chief strategy officer Athan Didaskalou told Inside Retail. So, why was the launch such a success? Play to our strengths’.
This can be seen in the countless marketing campaigns that were launched in the leadup to the Barbie movie, which stimulated huge activity for hundreds of brands. A follow-up analysis of spending data in 2018 showed that while spending slowed over the long weekend, it was significantly up the day before the long weekend.
Major retail stores across the US including Walmart, Trader Joes and Sprouts Farmers Market now stock the product, and in September the brand launched into Canada.The company also announced last year that it was doubling its R&D team to focus on the creation of plant-based milk, steak, bacon and fish. Rapid expansion in Asia.
Despite launching an e-commerce site and new look stores in mid-2018, the Healthy Life franchise struggled to make an impact on consumers. The health brand will be ingrained into the wider Woolworths business, with plans for a select range of HealthyLife products to be offered on the highly anticipated Woolworths marketplace.
When Hannon Comazzetto started Australian re-commerce platform AirRobe in 2018, resale was still quite niche locally – pursued by a small but passionate group. The resale market is expected to grow five times in the next five years, so fashion brands and retailers really can’t ignore it. Tapping into gen Z spending power.
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