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News

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Bose is closing all of its retail stores in North America, Europe, Japan, and Australia

13 Jan, 2020

Bose plans to close its entire retail store footprint in North America, Europe, Japan, and Australia. The company announced the decision earlier today and pointed to the fact that its headphones, speakers, and other products “are increasingly purchased through e-commerce” as the reasoning. Hundreds of employees will be laid off as a result. Bose opened its first physical retail store in 1993 and currently has locations in many shopping centers and the remaining malls scattered across the US. The stores are used to showcase the company’s product lineup, which has grown beyond Bose’s signature noise-canceling headphones in recent years to include smart speakers and sunglasses that double as earbuds. There are often similar demo areas at retailers like Best Buy, though Bose has plenty of competition to worry about in that environment. The Framingham, Massachusetts-based company is privately held and is not revealing exactly how many workers are being impacted by its decision to pull out of physical retail. “Originally, our retail stores gave people a way to experience, test, and talk to us about multi-component, CD and DVD-based home entertainment systems,” said Colette Burke, Bose’s vice president of global sales. “At the time, it was a radical idea, but we focused on what our customers needed, and where they needed it — and we’re doing the same thing now.” Bose is shuttering its retail presence in North America, Europe, Japan, and Australia “over the next few months.” That adds up to a total of 119 stores, according to a spokesperson. “In other parts of the world, Bose stores will remain open, including approximately 130 stores located in Greater China and the United Arab Emirates; and additional stores in India, Southeast Asia, and South Korea,” the company told The Verge by email. Bose says it’s offering outplacement assistance and severance to employees that are being laid off. The company’s full statement is below: Given the dramatic shift to online shopping in specific markets, Bose plans to close its remaining 119 retail stores across North America, Europe, Japan and Australia over the next several months. In other parts of the world, Bose stores will remain open, including approximately 130 stores located in Greater China and the United Arab Emirates; and additional stores in India, Southeast Asia, and South Korea. In 1993, Bose opened its first store in the United States to provide personal, private demonstrations for Wave music systems and Lifestyle home theater systems. As smartphones changed the industry, the company’s focus turned to mobile, Bluetooth, and Wi-Fi solutions. Today, Bose noise-cancelling headphones, truly wireless sport earbuds, portable speakers, and smart speakers are increasingly purchased through e-commerce, including Bose.com; and Bose is a larger multi-national company, with a localized mix of channels tailored for a country or region. “Originally, our retail stores gave people a way to experience, test, and talk to us about multi-component, CD and DVD-based home entertainment systems,” said Colette Burke, vice president of Global Sales, Bose Corporation. “At the time, it was a radical idea, but we focused on what our customers needed, and where they needed it – and we’re doing the same thing now. It’s still difficult, because the decision impacts some of our amazing store teams who make us proud every day. They take care of every person who walks through our doors – whether that’s helping with a problem, giving expert advice, or just letting someone take a break and listen to great music. Over the years, they’ve set the standard for customer service. And everyone at Bose is grateful.” Bose will be offering outplacement assistance and severance to affected employees. Additional details, including the number of employees affected, will remain private. Bose products are carried at Amazon, Best Buy, Target, Apple stores, other third-party retailers, and on the company’s own website.

The Verge

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Jones the Grocer Middle East master franchisee acquires global brand rights

26 Sep, 2019

JTG Holdings Ltd, the master franchisee for Jones the Grocer in the Middle East & North Africa has bought the global rights to the brand. In a separate transaction, L Capital Asia has taken a significant minority stake in JTG Holdings, with the aim of backing the brand in its international expansion. Another subsidiary of L Capital Asia has taken master franchise rights for the brand in various markets in North Asia, South East Asia, Australia and New Zealand. The headquarters of JTG Holdings will be based in the UAE, but will have a wider, global footprint, while remaining true to its Australian roots. JTG Holdings has said in a statement that it “remains committed to supporting existing and new franchisees around the world as true partners”. JTG Holdings & Jones the Grocer’s CEO Yunib Siddiqui said: “Our franchisees and employees are our true partners and the most important element of our offering. This new development will bring better focus and new global opportunities to all stakeholders in the business.” The success of Jones the Grocer in diverse international markets is testament to the universal appeal of a well-executed Australian foodie ethos, of high quality, simple, innovative fresh offerings. Ravi Thakran, chairman and managing partner for L Capital Asia, said: “We have been investors in the Jones the Grocer brand since 2012. While our investment faced many challenges, we keenly observed the passion and professionalism with which Yunib and his team have built a successful franchise in the Middle East. “They have made investments in a world-class infrastructure that is capable of supporting a global expansion of the brand. We are certain that as the new owners of the brand, they will do full justice to exploiting its true potential. We look forward to backing JTG Holdings, Yunib and the team in rapidly rolling out more stores on their own or with franchise partners in new and existing markets around the world.” Jones the Grocer is a café and retail outlet specialising in hand selected specialty products, and featuring a signature walk-in cheese room, charcuterie and deli. Established in 1996 with the launch of the flagship Australian store in Woollahra, Sydney, Jones the Grocer has now has 19 stores across Australia, New Zealand, Singapore, Thailand, Qatar, Bahrain and the UAE.

Hotel News Me

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Trade Mark Registeration

01 Oct, 2017

العلامة: توبيز إستيت )كلمات بحروف لاتينية بشكل مميز مع الرسم وبالأسود والأبيض( رقم الإيداع: 182349 تاريخ الإيداع: 2/ 8/ 2016 الشروط: التعهد بعدم استعمال أجزاء العلامة منفردة. البضائع والمنتجات المطلوب تسجيل العلامة عنها بالفئة ) 30 (: قهوة، شاي، شوكولاتة ومشروبات شوكولاته، حبوب قهوة مطلية بالشوكولاتة. وكيل التسجيل: أبو غزالة للاستشارات والملكية الفكرية www.agip.com هاتف: 22433004 – فاكس: 22440111 طالب التسجيل: توبيز إستيت كوفي بي تي واي، ليميتد. العنوان: 32 - 36 سيتي رود، تشبيين ديل أن اس دبليو 2008 ، استراليا.

Kuwait Alyawm

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Alshaya Partners With Chef Johnny Di Francesco to Launch 400 Gradi in the Middle East

23 Jul, 2017

International retail franchise operator M.H. Alshaya Co has announced a franchise partnership with award-winning Australian chef Johnny Di Francesco to bring the 400 Gradi Italian restaurant brand to the Middle East this year – its first expansion outside Australia. 400 Gradi, a Naples-inspired Italian restaurant, is the creation of chef Johnny Di Francesco, the first Australian ever trained in Naples to the Associazione Verace (AVPN) and President of AVPN Australia. It offers a wide variety of deliciously handcrafted Italian cuisine, using the finest Italian ingredients to give guests the most complete Neapolitan experience outside of Naples. In 2014, Chef Di Francesco was named the ‘world’s best pizza maker’ during the World Championships in Italy for his authentic Napoletana-style pizza, which is cooked for only 90 seconds at a temperature of 400 degrees hence the name 400 Gradi.

Albawaba

Recent News

Bose is closing all of its retail stores in North America, Europe, Japan, and Australia

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13 Jan, 2020

The Verge

Jones the Grocer Middle East master franchisee acquires global brand rights

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26 Sep, 2019

Hotel News Me

Trade Mark Registeration

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01 Oct, 2017

Kuwait Alyawm