Singapore 

Sheng Siong pulls house brand basmati rice products after dead rat found in a bag, Singapore News

SINGAPORE – Supermarket chain Sheng Siong has removed its house brand basmati rice products from shelves after a dead rat was found by a customer in a bag of the rice. The customer, Mr Vegnesh Jodimani, said on Facebook that he bought the bag of rice from a Sheng Siong outlet in Bedok Reservoir Road on Saturday (March 2) and was shocked when a rat was found inside. He posted a photo of the rodent on Facebook on the same day and said that he reported the matter to the…

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Vietnam 

VN firms should focus on brand building – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Vietnamese enterprises, especially small- and medium-sized ones, need greater awareness of the importance of brands and developing them to competitiveness, a seminar heard in HCM City yesterday. Assoc Prof Dr Mai Hà, chairman of the Việt Nam Intellectual Property Association (VIPA), told the Brand in Relation to Strategies of Enterprise Development seminar: “Brand is among intangible assets of enterprises and a core value in creating enterprises’ value.” However, Vietnamese enterprises had not paid much attention to the value of brands, he…

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Home 

Fashion group Esprit reports wider first-half loss on brand weakness

Fashion group Esprit Holdings on Tuesday posted a bigger loss for the first half amid changes in consumer behaviour, price competition and reduced customer traffic across its distribution channels due to weakness of its brand.The Europe-focused clothing retailer reported a net loss of HK$1.77 billion (US$225.5 million) for the six months ended December, including a HK$924 million loss on provision for store closures and leases. That compared with a net loss of HK$954 million in the year-ago… Source link

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Vietnam 

Brand ownership recognition for local herb – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Farmers work on a scallion farm in Bình Sơn District. — Photo gcaeco.vn Viet Nam News QUẢNG NGÃI — The National Office of Intellectual Property of Việt Nam last week recognised the brand ownership for a species of chives grown in Bình Hải Commune in the central province of Quảng Ngãi’s Bình Sơn District. Herbs are one of the main crops of the coastal commune alongside rice, watermelon and chili. Commune officials said the brand ownership recognition would help local farmers increase income. The commune said…

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Singapore 

Train Brand Haw Flakes recalled after woman claims she bit into glass; AVA investigating, Singapore News

SINGAPORE – A haw snack has been voluntarily recalled by its supplier here after a consumer claimed that she had bitten into a piece of glass while eating it. Mr Albert Goh, Sinhua Hock Kee Trading’s business development and marketing executive, told The Straits Times that it has asked supermarket chains to recall Train Brand Haw Flakes on Tuesday (Feb 19) after receiving the complaint. When contacted, the Agri-Food and Veterinary Authority of Singapore (AVA) said it has received feedback on this and is investigating. The affected batch comes in…

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Home 

Xiaomi unveils new flagship smartphone, naming Chinese singer as brand ambassador to pump up domestic sales

Xiaomi, the world’s fourth largest smartphone supplier, launched a new medium-to-high-end model on Wednesday, naming an 18 year old Chinese singer and actor as brand ambassador in a move to shore up slipping sales in the hypercompetitive domestic market.The Mi 9, priced from 2,999 yuan (US$444) is the company’s first smartphone to be launched since it turned its budget Redmi line into an independent brand last month, a move that has enabled it to pursue the high-end segment of the smartphone… Source link

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Vietnam 

Japanese firm acquires Elise fashion brand – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Advantage Partners has acquired Elise Fashion for its leading position in the women’s fashion market. — Photo websosanh.vn Viet Nam News HÀ NỘI — Japanese investment firm Advantage Partners has acquired Elise Fashion Limited, one of Việt Nam’s top fashion brands for women, and its affiliate companies. The deal was made through its Advantage Partners Asia Fund and affiliated entities for an undisclosed value. This transaction marked the first acquisition between Advantage Partners and a Vietnamese company, the firm said in a press release. “AP Funds were…

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Vietnam 

VN loses out on global market without rice brand – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News Hoàng Nguyên LONG AN — Trung An Hi-tech Farming JSC in the Cửu Long (Mekong) Delta has been exporting rice under foreign brand names for many years though it is itself one of the biggest rice exporters in Việt Nam. Speaking to the media on the sidelines of the third Vietnamese Rice Festival in Long An Province last December, Phạm Thái Bình, the company’s director, said to let consumers know about Vietnamese rice products, exporters like his company have to be able to show…

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Home 

Global cosmetics giants push deeper into personal care with niche brand acquisitions, eye e-commerce

Hong Kong-listed luxury cosmetics brand L’Occitane International’s US$900 million acquisition of premium British skincare brand Elemis points to the industry’s growing interest in niche premium brands and the e-commerce segment as an increasing chunk of purchases shift online, according to market analysts. “Elemis has a strong reputation in anti-ageing and a strong heritage as a professional premium spa brand, along with a credible range of more functional hi-tech products,” said Pascal Martin, partner at OC&C Strategy Consultants. He said that Elemis complements L’Occitane’s offerings and also brings with it a…

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Vietnam 

Viettel brand valued at over US$3 billion – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viettel’s brand was valued at more than US$3.1 billion. — VNS Photo Viet Nam News HÀ NỘI — Viettel again took first position in the list of the top 50 most valuable brands in Việt Nam in 2018 with a value of more than US$3.1 billion, increasing 24 per cent from the previous year. The list, released by Brand Finance – a UK-based brand evaluation company, showed that Viettel’s value was equal to the total value of the second and third placed firms on the list. In…

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