Indonesia’s GoTo to sell stake in retailer Alfamart to focus on profitability
Dec 17, 2022 14:36 pm UTC| Business Economy Life
Indonesias PT GoTo Gojek Tokopedia has sold its stake in local retailer Alfamart worth US$96.03 million to focus on profitability. GoTo shares are trading at record-low levels. After pre-IPO owners elected to...
High-speed internet infrastructure makes S. Korea a promising cloud gaming hub: Google official
Dec 15, 2022 23:45 pm UTC| Life Technology Economy Business
South Koreas high-speed internet infrastructure like the fifth-generation (5G) network service gives it great potential for success in the cloud gaming industry, according to senior Google official, Sami Kizilbash. The...
Itochu acquires master license rights for LLBean in Japan
Dec 14, 2022 23:28 pm UTC| Business Economy Life
Itochu Corp has acquired the master license rights for the US fashion label LLBean in Japan and the whole sales rights for the brands imported products. The agreement requires Itochu to appoint Minoya Co for product...
Hindustan Unilever enters health and well-being industry
Dec 14, 2022 23:27 pm UTC| Life Economy Business
Hindustan Unilever (HUL) will invest in Zywie Ventures (OZiva) and Nutritionalab (Wellbeing Nutrition) to enter the health and well-being business category. Unilevers Indian subsidiary will initially acquire a 51...
Fonterra and Nestlé to sell joint venture in Brazil for $133 million
Dec 14, 2022 23:27 pm UTC| Life Economy Business
Fonterra and Nestlé will sell their Dairy Partners Americas (DPA) Brazil joint venture to French dairy company Lactalis for $133 million, subject to closing transaction adjustments. The deal is expected to be...
Asahi to boost sales of non-alcoholic, low-alcohol beverages
Dec 14, 2022 23:26 pm UTC| Economy Business Investing Life Health
Asahi Group Holdings would begin making minority investments in US start-ups from January 2023 through its Asahi Group Beverages Innovation Fund which will open up new markets for low-alcohol and non-alcohol...
Luxury skincare brand Cha Ling shuts stores in China due to COVID-19 disruptions
Dec 13, 2022 22:52 pm UTC| Life Economy Business Health
Luxury skincare brand Cha Ling has closed all its physical stores in China to optimize its retail strategy as Covid-19 disruptions continue The LVMH-owned Cha Ling, which operated stores in China for five years, also...
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