News

DoubleDragon sells P9.7-b retail bonds

CityMall-Roxas-City-Philippines-DoubleDragon

(Source: The Standard | July 18, 2017) DoubleDragon Properties Corp. raised P9.7 billion from the sale of seven-year fixed-rate retail bonds on strong demand from retail and institutional investors, according to one of the underwriters handling the transaction. BDO Capital and Investments Corp. president Eduardo Francisco said in a mobile message, the bond offering was nearly two-times oversubscribed at the ...

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Target CEO unfazed by Amazon-Whole Foods deal

Target CEO Brian Cornell  (AFP PHOTO / Robert LEVER/Manila Bulletin)

(Manila Bulletin/AFP | July 19, 2017) US retail giant Target’s chief executive Brian Cornell played down Amazon’s massive deal to acquire grocery chain Whole Foods, arguing that it “validates” his company’s business model. “It wasn’t a surprise that that deal took place,” Cornell told a forum at the Fortune Brainstorm Tech conference in Aspen, Colorado. “It really validates what we’ve ...

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Bench returns to New York Fashion Week–where no local brand has gone

07-18 Bench returns to New York Fashion Week–where no local brand has gone

(Source: Inquirer.net | July 14, 2017) Celebrating its third decade in fashion retail industry this year, Bench takes on the world as it continues to bring local talent and design to the global stage. On July 13, Bench Body, led by the brand’s head Ben Chan, returned to New York Fashion Week: Men’s to present its latest collection on its ...

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TripAdvisor China partners with Thai retailers

07-16 TripAdvisor China partners with Thai retailers

(Source: Inside Retail Asia | July 7, 2017) Travel site TripAdvisor China has partnered with five retail groups in Thailand to further enhance the shopping experience for Chinese tourists in Bangkok. TripAdvisor says Chinese travelers show more interest in visiting Thailand than any other inbound market. Chinese users of its website continue to grow year-on-year by 56 percent. During the ...

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The demise of brick-and-mortar retail has been greatly exaggerated

07-14 The demise of brick-and-mortar retail has been greatly exaggerated featured

(Source: Retail Customer Experience | July 11, 2017) COMMENTARY There’s been no end of stories lately about retail store closures, layoffs and bankruptcies, but the real story isn’t about physical retail dying. It’s about evolution — and that outlook is very positive. E-commerce is indeed growing quickly, and changing the retail landscape, but a deeper look at data shows bricks ...

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Lina’s Paris heading toward dozen in Seoul

07-14 Lina’s Paris heading toward dozen in Seoul

(Source: Inside Retail Asia | July 7, 2017) Concept cafe Lina’s Paris has opened its 11th outlet in Seoul, in the picturesque area of Insadong. Following the launch of a Lina’s corner in Seoul Art Center, the latest store covers 60 sqm and offers 35 seats. While the chain has a presence in several countries, South Korea is its sole ...

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Japan-themed P20-B complex to rise in BGC

Source: primer.com.ph

(Source: Inquirer.net | July 11, 2017) GT Capital group’s property arm Federal Land Inc. has teamed up with Japan’s Nomura Real Estate Development Co. Ltd. and Isetan Mitsukoshi Holdings Ltd. to invest in a P20-billion residential and retail complex in Bonifacio Global City. The Japanese-inspired project called Sunshine Fort Landmark, pitched as the first-of-its-kind in the Philippines, is targeted for ...

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Amazon to Acquire Whole Foods for $13.7 Billion in Cash

07-10 Amazon to Acquire Whole Foods for $13.7 Billion in Cash

(Source: Fung Global Retail & Tech) On June 16, Amazon announced the signing of a definitive agreement to acquire Whole Foods Market for $13.7 billion in cash, which includes the assumption of roughly $1 billion in Whole Foods’ net debt. The two companies’ statement included few details. Whole Foods CEO John Mackey said that the deal represents an opportunity for ...

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Vertis North transforming Quezon City into a premier business hub

07-10 Vertis North transforming Quezon City into a premier business hub

(Source: Business Mirror | July 4, 2017) Quezon City’s status as a premier business hub is taking shape with the continuous development of Vertis North Ayala Land Inc.’s (ALI) marquee project in the city named after the country’s illustrious leader. “As an enterprising city, Vertis North, will be the home of Seda Vertis North and Ayala Malls Vertis North to ...

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Why S Maison is the new style destination

07-09 Why S Maison is the new style destination

(Source: Inquirer.net | July 7, 2017) The grand opening of the upscale S Maison mall at Conrad Manila was a virtual feast for the senses. The lifestyle destination has been open for more than a year now, but had an official launch only last June. S Maison sits inside The SM group’s newest luxury hotel, Conrad Manila, which has been ...

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