The Tokyo-headquartered apparel company has sealed a deal to take over 70 per cent of stakes at Vietnam’s Global Fashion (GF), the parent company of women’s accessories brand Vascara.
Advantage Partners has announced its acquisition of Elise Fashion, one of the biggest women's fashion shop systems in Vietnam.
Phuc Sinh Corporation strongly moved into the coffee sector with the investment on high standard factory in Son La province and development of coffee products called K Coffee.
Despite being the exclusive distributor of the Premier League in Vietnam, the leading pay-TV K+ still suffered an accumulated loss of $103 million.
A wholly foreign invested joint venture is soon to be established between Fast Retailing, the Uniqlo's owner which holds 70 per cent stake and Mitsubishi Corporation, Japan's largest trading company with 25 per cent stake.
As the Christmas and New Year are coming to a close, the fashion brands including two famous brands namely Zara or H & M started the race to offer up to 50 per cent off.
On November 9th, the world's largest fashion retailer Zara (Zara) attracted thousands of customers to the grand opening of its first store in Hanoi.
In only a decade, 50% of fashion brands have stopped their game in the market while the rest are struggling.
The participation of Zara and H&M in Vietnam fashion market will provide precious lessons to the domestic fashion brands in the long run.
In order to survive, Vietnamese fashion brands must carefully formulate strategies and business operation modes, creating confidence and attraction amongst consumers in the context that international rivals like Zara and H&M are blooming in Vietnam.
Recently, “giant retailer" 7-Eleven officially opened its first store in Ho Chi Minh City, forecasting that the Vietnamese retail market will continue to have fierce competition in the future.
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