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Retail Asia
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- 1DFI Retail to take over Maxim's Starbucks business in Asia▼DFI Retail to take over Maxim's Starbucks-licensed business in seven Asian markets
DFI Retail Group has agreed to take over Maxim's Caterers' Starbucks-licensed store business across seven Asian markets, according to Reuters. The deal would shift responsibility for hundreds of Starbucks outlets currently operated under licence by Hong Kong-based Maxim's to DFI, one of Asia's largest food and convenience retailers. Details on pricing and timelines have not yet been widely reported.
- 2DFI Retail to take over Maxim's Starbucks business in Asia for $340 million●DFI Retail unit to take over Maxim's Starbucks business in Asia for $340 million
DFI Retail Group said a unit will acquire Maxim's stake in the Starbucks business it operates across Hong Kong and other Asian markets, in a deal valued at $340 million. The move consolidates DFI's control over Starbucks operations in the region, where Maxim's has been its long-standing joint-venture partner. Reuters reported the transaction, which is among the larger regional retail deals of the moment.
- 3JD.com Ranks Second in Asia Brand Conviction Index▼Trust and Reliability Put JD.com at No. 2 in Inside Retail’s Asia Brand Conviction Index
JD.com has taken second place in Inside Retail's Asia Brand Conviction Index, with the ranking attributed to consumer perceptions of the retailer's trust and reliability. The company highlighted the result on its corporate blog, framing it as recognition of its customer service standards and supply chain credibility. The index measures how strongly consumers believe in and commit to brands across Asian markets.