Indonesia news

South Korean drugstore operator Olive Young is partnering Dairy Farm to expand in Southeast Asia. The two businesses had a joint venture running from 2002 to 2008. Launching in Singapore, Indonesia and other markets Dairy Farm will distribute Olive Young products through its health and beauty stores. Olive Young will first launch in Singapore, with around 110 of its products sold at about 5...

Walgreens Boots Alliance  has partnered with PT Mitra Adiperkasa Tbk (MAP), a leading lifestyle retailer in the market, in its latest push of interrnational expansion. Both companies contribute competitive advantages to the partnership Stores are due to open in the second half of 2020. The partners have not revealed the scale of their long-term ambition in the market. V.P. Sharma, Grou...

Dairy Farm has posted an update on its trading performance for the third quarter, with growth in line with last year. Steady third quarter overall, but weak consumer sentiment in Hong Kong Dairy Farm said it performed "steadily" in the third quarter, with overall earnings in line with the comparable period the prior year. Performance across all channels, however, was impacted by difficult m...

New leader for Indonesia’s ecommerce operations. Another new appointment at Lazada Earlier on, we reported the new CEO of Lazada Vietnam . Now, the Lazada Group has announced that Mr. Chun Li, co-president of the Lazada Group, has been appointed as the new CEO of Lazada Indonesia. In this role, Li will lead the strategic development and growth of Lazada in the country. At the same ti...

Lazada, the leading ecommerce platform in Southeast Asia, will launch a 24-hour Mid-Year Festival on July 12 across all its six markets. One-day sale designed to bring new tagline to life The sale is themed “Millions of deals your heart desires” in line with its refreshed brand idea “Go where your heart beats”. The new shopping event creates more fun for shoppers and encourages them to purs...

Dairy Farm has released its results for the first quarter of 2019, with sales ahead of the same period last year. Food: large formats remain a challenge, convenience strong The Group’s multi-year transformation plan for its Supermarkets and Hypermarkets business is underway, but CEO Ian Mcleod previously estimated it will take the company five years to complete its turnaround plan.  Sales i...

Lazada, the leading ecommerce platform in Southeast Asia, owned by Alibaba Group, plans to expand its cross-border trade for international brands. Global Collection 2.0 One of the key initiatives announced was a revamped “Global Collection”, which is a dedicated channel to showcase  Lazada’s cross-border merchants from around the world. The platform aims to help the brands grow their busine...

Ahold Delhaize has released its Q4 results, reporting that net sales increased by 3.0% at constant exchange rates to €16.6bn. Meanwhile net sales for the full year increased by 2.5% at constant exchange rates to €62.8bn. USA Q4 net sales: +2.6% to €9.8bn The retailer’s business in the USA, which accounts for around 60% of sales, saw Q4 net sales increase by 2.6% at constant exchange rates t...

Indonesia’s largest online marketplace receives additional funds from Alibaba. Funds used to extend its presence in the country In its latest funding round, Indonesia’s online marketplace Tokopedia has successfully secured US$1.1bn from Alibaba Group Holding Ltd. as well as SoftBank Group Corp. Recently, Tokopedia has been venturing into financial products such as digital wallets and vir...

IGD was invited to Ahold Delhaize’s Capital Markets Day in New York, where we heard directly from the retailer’s Management Board on its ‘Leading Together’ strategy. We also saw first-hand how it is ‘reimagining the Stop & Shop’ brand in Connecticut. The key highlights we took away from the event were: From ‘Better Together’ to ‘Leading Together’ strategy Target to double ...