分类： business

Starbucks announced on Monday a strategic joint venture with Chinese investment firm Boyu Capital, aimed at strengthening its retail operations in China. Under the agreement, Boyu will acquire a 60% stake in Starbucks’ Chinese retail business, valued at $4 billion, while Starbucks retains a 40% interest and continues to own and license its brand. The deal brings the total value of Starbucks’ China operations to over $13 billion, encompassing the sale proceeds, its retained stake, and future royalties.

Marking a transformative chapter in the world of perfumery, Canéza, a visionary fragrance house rooted in the legacy of Rasasi, has officially debuted at Beautyworld Middle East 2025. Founded by Anis Abdul Razak Kalsekar, co-owner of Rasasi Group and the creative force behind iconic scents like Hawas and La Yuqawam, Canéza introduces 22 meticulously crafted perfumes that blend artisanal craftsmanship with modern sophistication. The brand aims to make luxury accessible, bridging the gap between heritage and innovation. Canéza’s portfolio includes flagship fragrances such as Uomo and Gold, alongside signature collections like Iconic, Velvet, and Mezmar. Each scent reflects European perfumery excellence fused with contemporary sensibilities, offering long-lasting, ethically sourced, and IFRA-compliant compositions. Beyond its formulations, Canéza embodies a philosophy of ‘Modern Luxury, Made Accessible,’ with every detail, from weighted glass bottles to minimalist packaging, crafted with precision and sustainability in mind. As a digital-first brand, Canéza will launch globally in December 2025, with plans for expansion into Europe, India, Russia, and Southeast Asia in 2026. This debut signals a new era of perfumery, where luxury becomes a medium for personal expression.

Coinvesting Capital Ltd, a Dubai International Financial Centre (DIFC)-based asset manager regulated by the Dubai Financial Services Authority (DFSA), has unveiled the Coinvesting Bread Real Estate Fund L.P. This innovative fund is structured under a dual framework, combining DIFC and Luxembourg regulations, marking a significant milestone in the UAE’s real estate sector. The fund’s DIFC component operates as an exempt fund under DFSA oversight, while its Luxembourg counterpart, Coinvesting Bread Real Estate Fund SCSp, is in the process of registration with the Commission de Surveillance du Secteur Financier (CSSF). Caibuo Capital S.à r.l., a CSSF-licensed management company, has been appointed to manage the fund. This dual structure aligns with two of the world’s most robust financial frameworks, ensuring institutional governance and global accessibility. The initiative is the first of its kind, offering regulated access to the UAE real estate market through a DIFC-Luxembourg framework. It highlights the UAE’s transition from a regionally dynamic property market to one integrated into the global investment landscape. Michael Ruben, CEO of Bread Capital Ltd, and David Szerer, CMO of Bread Capital Ltd, have been appointed as directors, bringing extensive asset management and capital markets expertise to the fund. Eddy Abramo, CEO of Coinvesting Capital Ltd, emphasized that the fund underscores the UAE’s credibility as a destination for institutional capital, combining DIFC oversight with Luxembourg’s accessibility to align with international standards. This development reinforces the UAE’s growing reputation as a financial hub, attracting cross-border investment amid record real estate activity, government reforms, and sustained foreign inflows.

Following reports of Kuwait recalling Labubu dolls due to safety concerns, Pop Mart, the official manufacturer and distributor of the popular toy, has clarified that the recalled products are counterfeit. The Kuwaiti Ministry of Commerce and Industry had issued a recall for the product (TOY3378 Labubu) after discovering a manufacturing defect that caused parts to detach easily, posing a suffocation risk to children. The ministry urged consumers to return the product for a refund. However, Pop Mart has confirmed that TOY3378 is not an authentic Labubu doll and emphasized that it neither manufactured nor authorized the sale of the recalled items. The company stated that the counterfeit products are ‘entirely unrelated’ to its legitimate offerings. Pop Mart has reached out to Kuwaiti authorities to address the issue and reiterated its commitment to intellectual property protection and consumer safety. The company assured that its Labubu dolls undergo rigorous safety testing and comply with international standards. Pop Mart also advised customers worldwide, including in Kuwait, to purchase Labubu dolls exclusively through its official flagship stores, certified online platforms, and authorized retailers to avoid counterfeit products.

Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and CEO of ADNOC, has projected that global oil demand will remain above 100 million barrels per day (bpd) beyond 2040, despite near-term challenges. Speaking at the ADIPEC energy conference, Al Jaber emphasized the persistent influence of geopolitics on trade and market sentiment, stating that volatility has become the new norm in the energy sector. The UAE, a key member of OPEC+, recently agreed to increase December output targets but will pause further increases in the first quarter of 2026 to address concerns of a potential supply glut. This decision comes amid new Western sanctions on Russia, another OPEC+ member, which could hinder Moscow’s ability to boost production. Al Jaber highlighted the importance of balancing cost discipline with capital investment to meet long-term energy demand growth. The UAE has been granted a larger production quota this year, reflecting its significant investments in expanding oil capacity to 4.85 million bpd from 3 million bpd. The country’s energy minister has also hinted at further capacity increases post-2027, potentially positioning the UAE among the world’s top five oil producers.

India’s electricity generation experienced its sharpest decline in October since the COVID-19 pandemic, driven by a combination of economic slowdown and unusually heavy rainfall. According to a Reuters analysis of government data, total power output fell by 6% year-on-year to 142.45 billion kilowatt-hours (kWh). The persistent rains across the country significantly reduced the demand for cooling, while subdued industrial activity further contributed to the downturn. Bhanu Patni, associate director at India Ratings and Research, noted that the extended rainfall led to lower electricity consumption compared to the previous year. Debabrat Ghosh, head of India for Aurora Energy, added that the timing of major festivals in October also resulted in reduced industrial power demand. Coal-fired electricity generation, which typically accounts for 75% of India’s power output, saw its steepest decline since June 2020, dropping by 13.2% to 98.38 billion kWh. This decline has impacted Coal India, the nation’s largest coal producer, which reported its worst profit decline in five years for the quarter ending September. However, renewable energy output surged by 30.2% to 19.75 billion kWh, highlighting a shift towards cleaner energy sources.