Warburg Pincus Backed Venture Purchases Five Lippo Malls
Warburg Pincus LLC backed shopping mall developer, NWP Retail, will spend USD 123.5 million to purchase five Lippo shopping malls in Indonesia. Two shopping malls will be purchased from Singapore-listed Lippo Malls Indonesia Retail Trust for USD 92 million and the...
Chinese E-Commerce Giant Taobao Opens its Largest Physical Store in Malaysia
Chinese e-commerce giant, Taobao, a part of the Alibaba Group, has launched its largest retail store named ‘Taobao’ in Kuala Lumpur, in partnership with MyTOWN Shopping Centre and Lumahgo New Retail Sdn Bhd. Using the New Retail technologies, the 5,000 square feet...
“Monki” Brand by Swedish Fashion Group H&M Enters the Philippines
Swedish fashion group H&M will launch its Monki brand in the Philippines, the second South East Asian market for the company’s diffusion brand which mainly caters to young women. The first store for Monki in the Philippines will open later this year at SM Megamall...