Category: Retail

H&M News: Monki brand to open stores in Manila

This summer, Swedish fashion brand Monki will enter the Philippine fashion scene with its creative collections, strong brand values and inspiring store concept described as “Scandi-cool-meets-Asian-street-style.” ”Monki’s mission is to empower young women everywhere and help them feel good about themselves. We can’t wait to get to know a new market and welcome new customers to…

IKEA opens second outlet in Sentul city, Indonesia

Ikea Indonesia opened its second outlet in Sentul City, Bogor, West Java on 28th November 2019. The intention is to open two more outlets in 2020, one in Cakung, East Jakarta and another in Bandung as part of their long-term expansion plan in Indonesia. Patrik Lindvall, a Swedish counterpart of PT Hero Supermarket’s board of…

Small batch of Norwegian salmon recalled in Singapore

A shipment of Norwegian salmon was early Wednesday recalled by the Singaporean importer, Yu Fish, after Singapore Food Agency (SFA) confirmed the presence of listeria bacteria in a sample. SFA had been informed of the contamination by the supplier in Norway, SFA said in a media release. Supermarket chain NTUC FairPrice said on Thursday it…

IKEA plans to invest in Vietnam

IKEA, the Swedish world’s largest furniture retailer, plans to invest an estimated $450 million in a retail and warehouse system in Hanoi, according to Nguyen Duc Chung, chairman of the Hanoi People’s Committee. Nguyen Duc Chung revealed the news at a recent conference held by the Ministry of Industry and Trade. IKEA shop in Vietnam is expected to…

Business Innovation Congress Philippines

NordCham Philippines supported the 6th edition of the Business Innovation Congress in Manila on 15 November, with the main theme of the event: ‘Business Transformation in a Digital Ecosystem’. Over 200 executives, technology influencers, international business leaders and government leaders from across the globe attended the conference to engage in intellectual exchange and in-depth discussions…

Swedish MNCs continue to view Malaysia, Greater KL as ideal Asia investment place

Sweden and Malaysia’s ties as trade and investment partners go way back. In the 1960’s, the Swedish companies such as Volvo, Ericsson, Sandvik, Alfa Laval and Scania established themselves in Malaysia. The first car ever produced in Malaysia was a Volvo, made by Sweden at Volvo’s car producing plant in Shah Alam in 1967. In…

IKEA to open in the Philippines in “less than three years”

Citizens of the Philippines will still to wait a bit before they can shop the “do most of it yourself”-furniture in IKEA, according to Manila Times. The coming store is in the works, but it is far from ready to be established in the Philippines. “We are [still]looking for sites and partners,” IKEA Southeast Asia…

Ikea’s largest Southeast Asian store opens in Greater Bangkok

IKEA Southeast Asia’s largest store to date opened to great fanfare and enthusiasm on 15 March northwest of Bangkok, in the suburban province of Nonthaburi, with a very apparent celebration of Sweden and Thailand! There, Ikea Bang Yai is strategically located right next the Greater Bangkok’s ring road and next to end station of Purple…