Ayala completes purchase of 49% of Zalora PH

The Ayala group has completed its acquisition of a 49-percent stake in the country’s leading e-commerce platform Zalora Philippines from Global Fashion Group (GFG).

GFG announced on Thursday the transfer of the shares in Zalora to the country’s oldest businessA business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to consumers. house.

Conglomerate Ayala Corp., through its wholly-owned subsidiary, AC Ventures Holding Corp., invested in ZALORA Philippines alongside wholly-owned subsidiaries Ayala Land, Bank of the Philippine Islands and Globe Telecom.
“This acquisition allows Ayala to capture the growing opportunities in e-commerce,” Ayala Corp. said.

More than 1,000 international, local and private-label fashion brands are currently available on ZALORA Philippines, including a range of international high street brands including Mango, Abercrombie & Fitch, Boss, Calvin Klein and popular local brands such as Bench, CLN and Penshoppe.

“This partnership will allow ZALORA Philippines to keep investing in brandsA brand (or marque for car model) is a name, term, design, symbol or other feature that distinguishes one seller’s product from those of others.[2] Brands are used in business, marketing, and advertising. Initially, livestock branding was adopted to differentiate one person’s cattle from another’s by means of a distinctive symbol burned into the animal’s skin with a hot branding iron. acquisition, marketing, and logistics infrastructure and will leverage Ayala’s key businesses representing some of the country’s leading companies in banking, telecommunications and retailRetail is the process of selling consumer goods and/or services to customers through multiple channels of distribution to earn a profit. Demand is created through diverse target markets and promotional tactics, satisfying consumers’ wants and needs through a lean supply chain. In the 2000s, an increasing amount of retailing is done online using electronic payment and delivery via a courier or postal mail. Retailing includes subordinated services, such as delivery. business,” CFG said.

source:http://business.inquirer.net/236078/ayala-completes-purchase-49-zalora-ph

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Rocket Internet’s Zalora is retreating from two more countries in Asia

Zalora, the Rocket Internet-backed online fashionFashion is a popular style or practice, especially in clothing, footwear, accessories, makeup, body piercing, or furniture. Fashion is a distinctive and often habitual trend in the style in which a person dresses. It is the prevailing styles in behaviour and the newest creations of textile designers. store, is continuing its retreat from Asia. The firm sold off its businesses in Vietnam and Thailand last year, and now it is withdrawing from the Philippines and Indonesia.

Yesterday it transpired that Zalora sold 49 percent of its Philippines-based operations to local real estate firm Ayala, as E27 reported, but it is in the process of closing a similar deal in Indonesia.

Zalora is in negotiations with retail group MAP with a view to a controlling investment or acquisition, a source with knowledge of discussions told TechCrunch. MAP operates close to 2,000 retailRetail is the process of selling consumer goods and/or services to customers through multiple channels of distribution to earn a profit. Demand is created through diverse target markets and promotional tactics, satisfying consumers’ wants and needs through a lean supply chain. In the 2000s, an increasing amount of retailing is done online using electronic payment and delivery via a courier or postal mail. Retailing includes subordinated services, such as delivery. outlets in Indonesia, including departure storesA retail store where merchandise is sold, usually a product, usually on a retail basis, and where wares are often kept., fashion outlets and more in partnership with global firms like Zara and Marks and Spencer. MAP is listed on the Indonesian stock exchange and has over 22,000 staff. A deal with Zalora would see its business branch out into online commerce.

A Zalora representative did not respond to multiple requests for comment.

Southeast Asia tends to be overshadowed by China and India, but e-commerce in the region is tipped grow four-times faster than offline commerce to reach $88 billion per year by 2025, according to a report co-authored by Google. Indonesia is Southeast Asia’s largest economy and it has the region’s highest population with over 250 million people. Competition in the country is fierce, with retail conglomerate Lippo pumping a reported $500 million into its online service, while competitors like Tokopedia, Orami and Zilingo are backed by top investors that include SoftBank, Sinar Mas and Sequoia. Zalora has never broken out its financial details for single markets and its financial performance is contained with GFG’s results.

Zalora was founded in 2012 and it has raised over $200 million from investors before losing its independence. Things began to change for the business in 2014 when Rocket Internet created GFG (Global Fashion Group), a holding firm to manage its fashion e-commerce business across the world. Under GFG’s parentage, Zalora struggled to shine and disagreements between the management of both sides resulted in the departure of Zalora’s MD and one co-founder last year. (Amid the turmoil, GFG itself underwent a major haircut as its valuation dropped from $3.4 billion to $1.1 billion.)

Central to that disagreement was a difference in opinion over Zalora in Asia. GFG’s management saw greater potential in its business in more developed regions like the Middle East, while Zalora’s management believed it was on its way to becoming a solid business with the potential for profit. It now appears that GFG is disposing of its business where it can so stay tuned for more deals. Alongside The Iconic, Zalora currently operates in eight countries across Asia Pacific.

The Zalora exits come amid a major setback for Rocket Internet after major investor Kinnevik halved its stake in the German firm. Rocket Internet’s share price dropped 13 percent yesterday on the news.

source: https://techcrunch.com/2017/02/23/zalora-continues-asia-retreat/

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Three designer-owned brands team up with ZALORA at Jakarta Fashion Week 2017

In collaboration with three Indonesian designer-owned brandsA brand (or marque for car model) is a name, term, design, symbol or other feature that distinguishes one seller’s product from those of others.[2] Brands are used in business, marketing, and advertising. Initially, livestock branding was adopted to differentiate one person’s cattle from another’s by means of a distinctive symbol burned into the animal’s skin with a hot branding iron., fashion e-commerce firm Zalora launched its ready-to-wear collection on the runway of Jakarta Fashion Week 2017 on Thursday.

With the theme, “The Urbanist”, the three designers who created exclusive lines for ZALORA are Sejauh Mata Memandang, I.K.Y.K, and Danjyo Hiyoji.

CEO of ZALORA Anthony Fung expressed his pleasure to be able to work with these three renowned young designers.

He stated to the press on Thursday that: “We hope ZALORA will continuously expand the portfolio of Indonesian designers through our platform.”

Each of the designers has his or her own idea of what being an “urbanist” means, and according to Anthony, this will satisfy the diverse fashionFashion is a popular style or practice, especially in clothing, footwear, accessories, makeup, body piercing, or furniture. Fashion is a distinctive and often habitual trend in the style in which a person dresses. It is the prevailing styles in behaviour and the newest creations of textile designers. tastes of the consumer market.

The Shoppable show kicked off with Sejauh Mata Memandang’s line created by Chitra Subijakto, who was inspired by “trees, flowers and fruits carved on the walls of Borobudur Temple”. The designs reflected upon the yellow-green hues of simple patterned fabrics, as described in the press release.

The textiles of the relaxed, loosely fitted outfits were said to be made using traditional techniques.

Working with artists from Sumba, Bali, and Java, Sejauh Mata Memandang aimed to create versatility in clothes to give off a sense of permanence.

Anandia Putri’s I.K.Y.K. (I Know You Know) came up next and incorporated an essence of nature in her collection through earthy colors and environmentally friendly fabrics. She makes comfort a top priority for her clothes.

Empowering yet effortlessly chic, Anandia’s purpose in this collection is to inspire women to “put aside their worries and insecurities and to build up their motivation to conquer the world.”

ZALORA’s show finished off with Danjyo Hiyoji’s line designed by Dana Maulana and Liza Masitha. Tinged by pastel shades, the high-street collection was very brave and managed to stay stylish with its asymmetric cutting.

Source:

http://www.thejakartapost.com/life/2016/10/28/three-designer-owned-brands-team-up-with-zalora-at-jakarta-fashion-week-2017.html

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Meet The New Face of ZALORA – Zamantha Dy

Interview by ZALORA Community Philippines.

Out of thousands of entries, Zamantha Dy made it as a finalist representing The Philippines in a rigorous two-day grand finale in Singapore. The 21-year-old won the #MMAZM competition and to become the face of ZALORA! With modelesque figure and a worthy catwalk to boot, her charm and youthful personality was what caught the attention of the judges.

1. Congratulations Zamantha! How did you celebrate your win?

Zam: Thank you so much! There was no victory party or anything fancy, but I did have a mini awkward victory dance when I got back to my hotel room [laughs]. My family and friends shared my happiness, and that’s probably the best way to celebrate my win for me.

2. Could you tell us a bit more about the finale that went on in Singapore?

Zam: It was short but extremely memorable. First there was the photo shoot challenge which started off with an individual shoot followed by a group shot. The rest of the day was spent hanging out with the other contestants. For the last part of the competition, the contestants underwent a runway challenge which included a Q&A portion (this was probably the most nerve wracking part since I still experience stage fright). The night ended with the winners reveal.

3. There were five other girls vying to be the Philippine representative. Did you think you were ever going to be chosen as the semi-finalist?

To be honest, I didn’t expect to be chosen. The other girls were absolutely stunning and are really great models. So when I received the text message saying that I was moving on to the MMAZM finale, I had to re-read it over and over again just to make sure it was real [laughs].

4. You’re going to be known as the first ever Make Me A Zalora ModelModel (people), a person in a role to promote, display, or advertise commercial products or to serve as a visual aide for people who are creating works of art. winner. How do you feel about that title?

Zam: I feel absolutely privileged and extremely humbled. My heart is just overflowing with gratitude and happiness. It’s definitely a very heavy title but one with a very fulfilling weight. I still can’t believe it!

Source:

http://sports.yahoo.com/news/meet-face-zalora-zamantha-dy-085059775.html

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Retail giant Central Group is buying Zalora’s businesses in Thailand and Vietnam

Zalora, the fashionFashion is a popular style or practice, especially in clothing, footwear, accessories, makeup, body piercing, or furniture. Fashion is a distinctive and often habitual trend in the style in which a person dresses. It is the prevailing styles in behaviour and the newest creations of textile designers.-focused e-commerce site backed by Rocket Internet, is selling its businesses in Thailand and Vietnam to retailer Central Group, according to multiple sources close to the deal.

We reported the planned sale earlier this month and have since confirmed that Bangkok-headquartered Central Group is the buyer. The deal is said to be agreed on in principle and currently subject to paperwork and red tape.

A Zalora spokesperson declined to comment. Central Group did not respond to multiple requests for comment.

Central Group may not be a name well-known outside of Southeast Asia, but it is one of the region’s largest retail players with a huge footprint in Thailand and forays into Vietnam, Malaysia, Indonesia and other countries. The group’s assets, which include multiple shopping malls and national department store chains, are worth close to $10 billion and it employs some 70,000 people across its operations.

The group has been tipped to enter the online commerce space for some time, and our sources say that it has struck a deal to buy the country businesses from Zalora for around $10 million each. Online is estimated to account for around 3 percent of all commerce in Southeast Asia and, while that figure has grown in recent years and stands to increase as the Internet becomes more widely accessible throughout the region, it remains a nascent segment that few offline retailers have stepped into.

The low level of online commerce has been a challenge for Rocket Internet’s e-commerce startups, which started out with overly ambitious targets, missed their projections for profitability, and have required significant capital to continue. Lazada received a $500 million investment from Alibaba this month after running out of cash, while Zalora remains unprofitable. Rocket Internet’s latest financial results show Zalora’s revenue rose 78 percent to €208 million ($234 million) in 2015, but its net loss increased 36 percent to €93.5 million ($105 million).

One comparison to Central Group’s move comes by way of Indonesia’s Lippo Group, a conglomerate with $15 billion in assets across a range of sectors that include retail. The group created MatahariMall, an online version of its department storeA retail store where merchandise is sold, usually a product, usually on a retail basis, and where wares are often kept., with its first move into online commerce last year. There are also parallels in China, where Alibaba has invested in physical retailers InTime and Sunning to explore the potential of combining offline and online commerce.

While Lippo Group pledged to invest hundreds of millions in its e-commerce venture, it is unclear what sum Central Group has set aside. What’s more certain is that the Thailand-based group is getting a running start with the acquisition of assets from four-year-old Zalora. Zalora doesn’t publish business figures per country, but it claims 10 million downloads of its mobile apps and 1.4 million transactions per year across 10 countries in Asia-Pacific.

Sources close to Zalora suggest that the company is selling the businesses in an effort to streamline its costs and move toward becoming profitable. Last week we reported that two of the companies managing directors have left the firm over apparent fallings out with Global Fashion Group, the $3.5 billion-valued entity that manages Rocket Internet’s five emerging market fashion brands. Tension apparently circles around GFG’s prioritization of investment in more developed markets, like the Middle East, over parts of Southeast Asia which it deems to be less capable of returning value.

Zalora raised over $200 million from investors prior to becoming a GFG business unit in November 2014. Now its money comes from GFG, which raises capital centrally for all of Rocket Internet’s fashion sites.

Source:

https://techcrunch.com/2016/04/25/retail-giant-central-group-is-buying-zaloras-businesses-in-thailand-and-vietnam/

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ZALORA launches KENDALL + KYLIE swimwear collection this month

Perfecting your beachside and poolside outfit might be an attainable goal this season thanks to ZALORA’s unveiling of the new super summery KENDALL + KYLIE swimwear capsule collection for British clothing brand TOPSHOP. Available from early June 2016, we’ll definitely be seeing some sizzling hot designs hitting the storeA retail store where merchandise is sold, usually a product, usually on a retail basis, and where wares are often kept. soon!

Featuring some bold and daring cuts, this collection will include vibrant bikinis, one-pieces and cover-ups. Many of the designs will embrace sporty elastic straps and waistbands to strategically frame the body. Comfy neoprene pieces with motifs of palm leaves and leopard prints give the swimwear a distinctive Californian vibe. Not a fan of prints? Vibrant block hues of cobalt, coral and even gold and silver will make stark additions to any beachwear outfit and make that sun-kissed skin stand out.

Comfy neoprene pieces with motifs of palm leaf prints give the swimwearSwimwear is clothing designed to be worn by people engaging in a water-based activity or water sports, such as swimming, diving and surfing, or sun-orientated activities, such as sun bathing. Different types may be worn by men, women, and children. Swimwear is described by a number of names, some of which are used only in particular locations, including swimsuit, bathing suit, swimming costume, bathing costume, swimming suit, swimmers, swimming togs, bathers, cossie (short for “costume”), or swimming trunks for men, besides others. a distinctive Californian vibe. Not a fan of prints? Vibrant block hues of cobalt, coral and even gold and silver will make stark additions to any beachwear outfit and make that sun-kissed skin stand out.

Head up to the gallery to check out the new KENDALL + KYLIE swimwear collection – we guarantee these images will make you dream of sunbathing by the sea.

Source:
http://www.mariefranceasia.com/fashion/latest-news/new-collections/zalora-kendall-kylie-swimwear-topshop-191535.html

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Indie Designers Hit Big Time With Online Store Zalora

Jakarta. Nina Nikicio and Jenahara are among 23 local indie designers whose collections are now available from big time online storeA retail store where merchandise is sold, usually a product, usually on a retail basis, and where wares are often kept. Zalora, CEO Anthony Fung announced in Jakarta on Thursday.

Anthony said he is pleased to have young and talented Indonesian designers on Zalora’s roster, including Day & Night, Duma, Massicot, Dari Dara, Environmental Jewellery, Reves, Klaar, Monstore and Posh the Label.

This move brings Zalora one step closer to competitors such as luxury fashion shops Bobobobo and The Goods Dept.

Before signing up the local designers, Zalora had already introduced several international labels, including hot Malaysian brand Zalia.

“Online shopping is a big hit with the Indonesian market, we’re seeing increasing demand for more products at Zalora,” he said. “Our customers want both international and local labels.”

Nina said she is pleased that more e-commerce sites are inviting local designers to join them.

“This means the (local fashion) industry is getting the recognition it deserved,” she said. “Speaking as a designer, I can’t keep selling my collections to the same retailers over and over again. I also want my business to grow.”

Nina hopes Zalora’s customers will be excited to see more indie brands to add to their cart. Her own collection is already up online, with prices ranging from Rp 169,000 to 799,000 ($15-60).

Anthony said Zalora plans to curate more fashion labels for its onlineThe terms “online” and “offline” have specific meanings in regard to computer technology and telecommunications in which “online” indicates a state of connectivity, while “offline” indicates a disconnected state. Common vernacular extended from their computing and telecommunication meanings and refers specifically to an internet connection. Lastly, in the area of human interaction and conversation, discussions taking place during a business meeting are “online”, while issues that do not concern all participants of the meeting should be “taken offline” — continued outside of the meeting. shop.

“Our collaboration with local designers will not stop here. We want to keep adding labels to our fashion store, soon you’ll see hundreds (of labels) there,” he said.

Source:
http://jakartaglobe.beritasatu.com/features/indie-designers-hit-big-time-online-store-zalora/

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Win a study grant to Singapore with the Zalora scholarship

Zalora is synonymous to shoppingShopping is an activity in which a customer browses the available goods or services presented by one or more retailers with the intent to purchase a suitable selection of them. In some contexts it may be considered a leisure activity as well as an economic one., but there’s another S-word we can associate with the online fashion retailer: scholarship.
Now on its second year, Zalora scholarship has returned with a mission to turn passion into profession. It will award six tertiary students from Singapore, Malaysia, Indonesia, Philippines, Hong Kong and, Taiwan, with a study grant and possible industry experience at Zalora offices.
So how to apply?
Step1: Think of a trend you want to explore. The theme this year is “Fashion-versus-function: How the two coexist in (major) trends over the decades”.
Step 2: Send your entry in the form of an essay or infographic. Essays should not exceed 1000 words. Infographics should not exceed 2 MB.
Step 3: Make sure to beat the deadline. They will only accept entries up to Jul 31 2016.
Applicants will be chosen based on academic records and the qualityQuality in business, engineering and manufacturing has a pragmatic interpretation as the non-inferiority or superiority of something; it is also defined as fitness for purpose. Quality is a perceptual, conditional, and somewhat subjective attribute and may be understood differently by different people. Consumers may focus on the specification quality of a product/service, or how it compares to competitors in the marketplace. Producers might measure the conformance quality, or degree to which the product/service was produced correctly. of the entries. The prizes include sponsorship of tuition fees of up to SGD 3,000 and priority slot in Zalora internship.
You may submit your entries to their site. You may also e-mail scholarship@zalora.com for inqueries.
Good luck to all applicants!

Source: http://manila.coconuts.co/2016/05/30/win-study-grant-singapore-zalora-scholarship

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Vietnam electronics retailer Nguyen Kim buys Zalora’s local operations

Zalora, one of Southeast Asia’s biggest online fashionFashion is a popular style or practice, especially in clothing, footwear, accessories, makeup, body piercing, or furniture. Fashion is a distinctive and often habitual trend in the style in which a person dresses. It is the prevailing styles in behaviour and the newest creations of textile designers. marketplaces, has completed a deal to sell its Vietnamese operations electronics retailer Nguyen Kim, news website VnExpress reported Sunday, quoting Zalora Group.
The subsidiary of Germany’s Rocket Internet has also sold its unit in Thailand to Thai retail giant Central Group, the website said, adding that the value of the deals has not been revealed.
Last month news website TechCrunch cited multiple sources as saying that Central Group would acquire them for US$10 million each.
Central owns a 49 percent stake in Nguyen Kim, which has 21 stores around Vietnam, through its subsidiary Power Buy.
The selloff in Vietnam and Thailand is part of Rocket’s efforts to reduce costs and focus on other markets where Zalora has a better chance to make profits, according to TechCrunch.
With a presence in 11 countries across the Asia Pacific, including Australia and Indonesia, Zalora’s revenues rose 78 percent last year to around $234 million, but its net loss increased 36 percent to $105 million, it said.
Last month, the German company, which has been struggling to cash on the Southeast Asian market, sold more than half of its stake in Lazada, which it founded in 2012 to target the regional e-commerce market, to China’s Alibaba for $137 million. Rocket retains an 8.8 percent stake.
In December Rocket sold off food ordering websiteA website, also written as web site,[1] or simply site,[2] is a set of related web pages typically served from a single web domain. A website is hosted on at least one web server, accessible via a network such as the Internet or a private local area network through an Internet address known as a uniform resource locator (URL). All publicly accessible websites collectively constitute the World Wide Web. Food Panda for an undisclosed price to local competitor Vietnammm after three years of operations, citing financial issues.

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Rocket Internet reportedly selling Zalora Vietnam, Thailand to Central Group

Germany’s Rocket Internet is reportedly selling yet another of its businessesA business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to consumers. in Southeast Asia, following a US$1 billion deal for a controlling holding of Lazada Group to China’s Alibaba Group in mid-April.
The German company this time is selling the businesses in Thailand and Vietnam of Zalora, its online fashion shopping platform, to giant Thai retailer Central Group, TechCrunch reported on Monday, citing multiple sources close to the deal.
Even so, both Central Group and Zalora declined to comment on the report, the tech newswire admitted.
TechCrunch said the deal, which sources say costs some $10 million for each country, has been reportedly “agreed on in principle,” and is now pending paperwork.
Zalora is present in ten Asia-Pacific nations, with some 1.4 million transactions conducted on an annual basis.
The fashion-focused e-commerce platform posted $234 million in 2015 revenue, up 78 percent from a year earlier, according to the latest financial report of Rocket Internet. Despite this, Zalora’s losses in 2015 rose 36 percent to $105 million.
TechCrunch quoted sources close to Zalora as saying that the company is selling the businesses in an effort to streamline its costs and move toward becoming profitable.
Once completed, the purchase of Zalora Thailand and Vietnam will enable Central Group, one of Southeast Asia’s largest retailers, to enter the e-commerce sector.
On the other hand, the onlineThe terms “online” and “offline” have specific meanings in regard to computer technology and telecommunications in which “online” indicates a state of connectivity, while “offline” indicates a disconnected state. Common vernacular extended from their computing and telecommunication meanings and refers specifically to an internet connection. Lastly, in the area of human interaction and conversation, discussions taking place during a business meeting are “online”, while issues that do not concern all participants of the meeting should be “taken offline” — continued outside of the meeting. commerce game in Southeast Asia has been tough for Rocket Internet.
The company’s online retailer, Lazada, which is headquartered in Singapore and operates in Malaysia, Indonesia, the Philippines, Thailand and Vietnam, ran out of cash before it received the $500 million investment from Alibaba in the middle of this month.

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