Australia Retail Sector News

Related General Retail Industry News

• In October 2022, in order to connect all user interactions, whether they take place offline, online, in augmented reality, or even in the metaverse, the Central group launched the Next-Gen Omnichannel platform, which will encompass the Central Retail network in Thailand, Vietnam, and Italy.
• In February 2022, the fourth wave of the COVID-19 pandemic in HCM City caused several fluctuations in the supply chain of commodities, and modern retail businesses had to adapt by changing their distribution systems rather than continuing to play the traditional function of delivering items to customers on-site.

In April 2021, Singapore homegrown retailer Naiise has shut down after struggling to survive through the pandemic, with its owner Dennis Tay filing for personal bankruptcy.

• February 2024: DFS Group partnered with Douyin Life Service, a short video platform in China. The partnership aims to improve international travel retail shopping experiences.
• June 2023: DFS entered a strategic partnership with Ctrip Global Shopping and Unipay International. These partnerships aim to strengthen digitalization in the travel retail market.

• In October 2022, in order to connect all user interactions, whether they take place offline, online, in augmented reality, or even in the metaverse, the Central group launched the Next-Gen Omnichannel platform, which will encompass the Central Retail network in Thailand, Vietnam, and Italy.
• In February 2022, the fourth wave of the COVID-19 pandemic in HCM City caused several fluctuations in the supply chain of commodities, and modern retail businesses had to adapt by changing their distribution systems rather than continuing to play the traditional function of delivering items to customers on-site.

In April 2021, Singapore homegrown retailer Naiise has shut down after struggling to survive through the pandemic, with its owner Dennis Tay filing for personal bankruptcy.

• In February 2022, Element Six UK Ltd collaborated with II-VI Inc. Through this collaboration, II-VI licenses Element Six's intellectual property and necessary equipment would produce high-quality single-crystal diamonds to expand its core competency in diamond technology.
• In July 2021, Element Six UK LTD and the University of Warwick entered a partnership to develop the next generation of synthetic diamond-enabled technologies. Under this partnership, Element Six applied its renowned expertise and capabilities in advanced material solutions.

• April 2024: Smartwater launched designed aluminum cans for its alkaline and sparkling waters. The cans are available in supermarket aisles in the United States. 
• February 2024: The Topo Chico brand launched a range of sparkling mineral water flavors, such as Tonic Water, Ginger Beer, and Club Soda. The products can be used as mixers in cocktails.
• February 2024: Nongfu Spring invested CNY 5 billion (approx. USD 703 million) into a new factory in Jiande City, Zhejiang Province. The project was implemented in two phases and multiple stages and was expected to be completed within five years. The company plans to cover production, processing, and manufacturing to create a comprehensive industrial base for drinking water and beverage products.

• March 2024: Daikin announced the acquisition of BKF Klima in Denmark to drive the region's carbon reduction efforts and expand installer upskilling opportunities. The company will also open two new facilities, a Daikin Installer Training Center and a Daikin Experience Center for consumers, at Daikin's new offices in Brondby, Denmark. This strategic acquisition will enable Daikin to further leverage its extensive research and development expertise in low-carbon HVAC solutions for the region.
• January 2024: Carrier acquired Viessmann Climate Solutions from the Viessmann Group. Through this acquisition, the company will strengthen its position in intelligent climate and energy solutions. The acquisition of Viessmann Climate Solutions strengthens Carrier’s position as a digitally enabled, end-to-end scalable, sustainable energy solutions provider that addresses all renewable, cooling, heating, solar PV, battery storage, and energy management requirements for the home.

• April 2024: The Srikail gas field in Cumilla signed a contract to receive three wellhead compressors with a capacity of 10 million cubic feet per day, along with related infrastructure, owing to a deal inked by Bangladesh Petroleum Exploration and Production Company Ltd and SC Euro Gas Systems SRL, Romania.
• March 2023: Sapphire Gas Solutions and Bauer Compressors Inc. announced a national partnership between the two companies. This partnership allows Sapphire to install, construct, and maintain a group of state-of-the-art Bauer-manufactured gas compressors and offer OEM parts servicing multiple vital industries covering the United States, Canada, and Mexico.

• April 2024: Apple announced forming a joint venture with renewable energy developer CleanMax to invest in six rooftop solar projects to power its operations in India. The solar project is expected to have a total capacity of 14.4 MW and, when operational, will provide a local solution to power the company’s offices and two retail stores in Mumbai and New Delhi.
• March 2024: GAIL (India) announced an invitation for bids regarding a rooftop solar project. This project is expected to involve designing, supplying, installing, testing, and commissioning a grid-tied rooftop solar PV (photovoltaic) system. Additionally, this initiative includes a comprehensive 5-year Annual Maintenance Contract (AMC) to supply electricity generated by the project to the Krishna Godavari Basin area.