MALAYSIA > Swedish IKEA sets up supply chain center and regional distribution center in Malaysia

1280px-Ikea_logo.svg With an investment of RM 908 million ($ 213 million) Netherlands based IKEA is setting up supply chain center and regional distribution center for ASEAN in Malaysia. The Malaysian distribution center is to follow structure and technology like its biggest regional distribution center of Germany and it will be one of the 10 largest regional distribution center globally. According to More …

CANADA > Sweden based IKEA to Establish Customer Distribution Center in British Columbia Creating 100 New Jobs

1280px-Ikea_logo.svg Swedish home furnishing retailer -IKEA – is set to open a 340,000 square foot customer distribution center in Richmond, British Columbia (Vancouver metro area) in April of 2018. The investment will create approximately 100 new jobs. According to IKEA’s press release, IKEA Canada plans to double in size by 2025. A new store is slated to open this (2017) fall More …

VIETNAM > Japan based ACA Investments Acquires 20% Stake in Vietnam’s Bibo Mart

bibomart ACA Investments – a subsidiary of Sumitomo Group – has acquired 20% stake in Bibo Mart – a children product retailer which was established in 2006. A fast growing retailer, Bibo Mart has 120 stores in Vietnam which it expects to increase to 180 by end of this year and to a target of 500 by 2019.  Bibo Mart’s approximate More …

INDIA > US based Amazon to invest $533.9Mn for food-only offline store in India

Amazon_logo_plain.svg US based Amazon is set to invest Rs 3,500 crore ($533.9Mn) over the next five years for food-only outlets along with an online platform to sell locally produced items in India according to The Economic Times. The concept is same as Amazon’s brick-and-mortar stores in USA. So, India will be the second country to get such type of stores after More …

BAHRAIN > Sweden’s IKEA to expand to Bahrain investing $124.68Mn

1280px-Ikea_logo.svg Swedish furniture giant IKEA to expand to Bahrain with 37,000-meter sq. store. The expansion will see IKEA invest BD47Mn ($124.68Mn). The store is scheduled to open by mid of 2018.   About IKEA IKEA (Ingvar Kamprad Elmtaryd Agunnaryd) is a multinational group, headquartered in the Netherlands, that designs and sells ready-to-assemble furniture, kitchen appliances and home accessories. It was founded in Sweden in 1943 by then-17-year-old Ingvar Kamprad. The company More …

BRAZIL > Luxottica group to acquire óticas carol for around $117Mn

Luxottica.svg Italy based Eyewear Giant Luxottica Group to acquire Óticas Carol of Brazil for around €110Mn ($117.64Mn). The transaction is supposed to close in first half of 2017 after customary regulatory approvals are gained. With the acquisition Luxottica will take over all the 950 locations of Óticas Carol in Brazil.   About Óticas Carol Óticas Carol is a Brazilian Eyewear company that More …

PHILIPPINES > Tim Horton to expand into Philippines

timhortons Canada based company Tim Hortons, a subsidiary of Restaurant Brands International(RBI) said it has reached a deal with an investor to open the first full-service outlets of the restaurant chain in Great Britain (England, Scotland and Wales) and Philippines. RBI has partnered with a group of investors to establish a master franchise joint venture company to sell the fast food restaurant’s coffee and donuts in More …

INDIA > Burger King to Expand Aggressively in India. Plans to invest US$ 100 Million in he Next Few Year.

burgerindia US based Burger King is continuing with its rapid expansion in India. It entered India in November 2014 opening 10 restaurants that year. In 2015, it added 38 other restaurants and is on track toadd another 35-40 new restaurants this year (2016). Together with Everstone Capital, it is planning on investing US$ 100 million over the next few years to More …