Retail News CRM

Author: Mei Ling Tan

  • Asian Sports Betting Market

    Asian Sports Betting Market

    Asia has a huge betting market compared to other continents. But, it has poor coordination. The Asian market led in global betting in 2017. It comprises established sportsbooks like Betway88. Statistics show that about 40 percent of bets placed in the world are from Asia. Besides, many sports fans from other regions have a murky understanding of Asian gambling. Here is an insight into the Asian sports betting market.

    Asian Betting Odds

    An Asian handicap sport betting is popular all over the world. Each soccer match has a particular handicap. There are some common Asian handicap odds:

    1. Hong Kong Odds

    Most gamblers who wager at Asian bookmakers often choose Hong Kong odds. They resemble decimal odds. But, betting firms don’t factor in your original stake into the multiplier. For instance, if you place a $200 bet with 1.70 Hong Kong odds, you will get a return of $540. Thus, Hong Kong odds of 1.70 are equal to decimal odds of 2.70.

    1. Decimal Odds

    Bookies often display decimal odds as 1.70, 3.20 and 2.50. The figures reflect the return you will get from a bet. It includes your initial stake. For instance, you will receive $510 in total if you place a $300 bet at 1.70 odds. So, your profit will be $210. Punters can visit https://www.betway98.com/  to place soccer bets with decimal odds.

    1. Malay Odds

    Malay odds resemble Hong Kong odds. They are displayed as decimals and have a negative or positive sign. Bets with a 50 percent winning probability appear as 0.00. You will get a 1-unit payout for each 1 unit you wager. For example, you will get a $700 payout if you place a $100 wager at Malay odds of -0.70.

    1. Indonesian Odds

    Indonesian odds are often displayed the same as American odds. They can have a negative or positive sign at the front. A negative sign shows that that is the favorite bet. For instance, you need to wager $170 to get a $100 payout if the Indonesian odds are -1.70.

    Factors to Consider When Selecting an Asian Sportsbook

    Many Asian punters struggle to find the right bookmaker. Here are four factors that will help you find a nice Asian sportsbook:

    • Currencies and online payment options: It is advisable to choose a betting firm that offers different payment options. Pick a bookie that accepts different currencies as it allows you to bet while in different countries.
    • Safety: Safety is paramount in sports betting. Bookies should protect client data and stakes. Many Asian bookmakers have sophisticated software that prevents hackers from accessing your data and transaction history.
    • Favorable handicap odds: Bookies offer different odds for the same sports event. Choose a betting firm with high odds to get a bigger profit margin.
    • Promotions and bonuses: At times, Asian sportsbooks offer bonuses and promos to new and existing clients. You can use bonus bets to wager without using real money.

    Millions of Asians spend huge sums of money on sports betting. They wager on sports such as athletics, basketball, cricket, football, golf, tennis, volleyball and rugby. Some Asian betting firms have a lower margin compared to European bookies. It provides pundits a high chance of winning in the long run. You can place different types of bets at Betway88.

     

  • Macau casinos reopen – how bad was the damage?

    Macau casinos reopen – how bad was the damage?

    Coronavirus hit the world out of the blue and as for now, more than 75,000 people are infected with the deadly virus worldwide. The death toll currently stands at 2012, as France recorded the first one in Europe last week. Macau, one of the world’s largest gambling hubs is also under a great threat due to its proximity to China. In total, 10 people were infected in the city after the outbreak began. However, there has not been a newly recorded case after February 4th.

    The government pushed for the suspension of the casino operations of February 5th in an attempt to stop the spread of the virus in the city. The decision was made after it turned out that 2 out of 10 infected in Macau were casino employees. However, it was now announced that the casinos will be able to go restart operations on Thursday, after an unprecedented 15 day-long shutdown. The ban remains in place for a number of entertainment venues, including cinemas, pubs and karaoke bars. At the same time, casino visitors will have to wear facemasks before entering and will also be scanned for the temperature at the entrances.

    A shutdown is a historical event since the industry generates a significant portion of wealth in the city. Besides being the longest in history, it will likely have a major economic impact on Macau.

    In fact, the shutdown was such a major event for the whole gambling industry that betting options started appearing on multiple foreign platforms on how much the city would lose before the re-opening.

    One of the weirdest platforms that these options appeared on were Norwegian bookmakers, or NYE bookmakere as they’re originally referred to in the Nordics. Due to the extremely restricted environment in the country about sports betting, a wagering option for Macau’s closing was perceived as a small loophole. Similar cases can be seen almost all over the world.

    It was indeed a big hit

    The City’s 41 casinos along with the gaming industry employ an estimated 56,000 people, 8% of its population. Besides them, non-resident workers commuting from mainland China are affected as well. The estimates

    A member of the legislative assembly of Macau Au Kam-san asserted on the matter, stating that the end of suspension was anticipated: “Gaming industry is too important to Macau. The government could not afford to let it close for too long. There could also be pressure from the casino operators. Because they are still paying the staff while the casinos are closed.”

    It has also been said that the workers from mainland China will have to go through special procedures before re-entering Macau. This again is to reduce the risks of further spread of coronavirus. However, the long incubation period requires a 14-day long quarantine, which is very unfeasible for every side. On this, Kam-san commented: “Some 60,000 to 70,000 people travel across the border every day to work in Macau. Your business just can’t operate if they have to be quarantined for 14 days when they enter Macau”.

    high profile Macau health officials also stated that the city’s residents would also have to go through similar procedures if the risks arise. Under such circumstances, the city’s gambling industry would be even under a bigger threat, since the shortage of Chinese workers is already making an outstanding economic impact on Macau’s economy.

    Macau’s casinos took in roughly $37,6 billion in 2018 as total revenues hit historic records. Gambling tourism represents up to 50% of the city’s economy, making it a crucial field for its financial stability. It is difficult to project an exact impact of a 15-day long closure on Macau and its residents, but it is clear that the final outcome will not be positive for the city’s gambling industry this year.

     

  • Uniqlo Singapore Switches to Eco-friendly Paper Bagsto Reduce Single-Use Plastic

    Uniqlo Singapore Switches to Eco-friendly Paper Bagsto Reduce Single-Use Plastic

    From 2 March onwards, UNIQLO Singapore will replace plastic shopping bags with eco-friendly paper bags, as part of the company’s global efforts to create a sustainable business that considers for the environment. To further promote reducing the use of traditional shopping bags and making effective use of resources, UNIQLO will be launching a new eco-friendly tote bag at SGD$2.90 and will price its eco-friendly paper shopping bag at SGD$0.10 each.
     
    This comes after the announcement by Fast Retailing Group, the parent company of UNIQLO, in July 2019 to eliminate the use of unnecessary plastic throughout its supply chain, and to reduce the amount of single-use plastic handed to customers, including shopping bags and product packaging. The aim is to reduce single-use plastic by 85% or around 7,800 tons annually by the end of 2020.

    “Respect the Environment” is one of UNIQLO’s six priorities for sustainability, and together with Fast Retailing, it is proceeding to eliminate all forms of waste and establish a business with minimal impact on the environment. Environmental pollution from plastic waste is a growing concern worldwide, and UNIQLO is taking action to reduce unnecessary single-use plastic from its operations. This will help minimise the environmental impact of its business, while offering products and services customers can use with confidence.

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  • Sa Sa teams up with Shopee to revitalise its onlineretail strategy, strengthens presence in Singapore

    Sa Sa teams up with Shopee to revitalise its onlineretail strategy, strengthens presence in Singapore

    Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, has announced its partnership with Sa Sa Dot Com Limited (“Sa Sa”), a subsidiary of Sa Sa International Holdings Limited. The Shopee-exclusive Sasa Official Store launched on Shopee Mall in Singapore yesterday, marking the start of Shopee Brands Festival – an 11-day long campaign featuring a host of exciting sales, deals, and promotions.

    With the launch of the Sasa Official Store on Shopee in Singapore, Sa Sa aims to not only strengthen its online presence, but also tap on Shopee’s extensive user base to reach a wider audience. The strategic partnership between both brands will enable Shopee to drive greater growth in one of its top-performing categories, Beauty & Personal Care, by providing users access to a greater assortment of products on the platform. This includes luxe beauty products such as the SK-II Facial Treatment Essence, Lancome Youth Activating Concentrate, and Shiseido Ultimune Power Infusing Concentrate.

    Dr Simon Kwok, SBS, JP, Chairman and Chief Executive Officer, Sa Sa International Holdings Limited, said “We are excited to boost our online retail strategy through this partnership with Shopee, the leading e-commerce platform in the region. The launch of the Sasa Official Store will allow us to bring a greater variety of beauty products and tools to a wider audience. This will enable us to effectively drive sales growth and lay a solid foundation for the development of our new retail model. We look forward to strengthening our e-commerce business further and are positive that working with Shopee will allow us to achieve success in the near future.”

    Zhou Junjie, Chief Commercial Officer, Shopee, said “Shopee is committed to helping our brands and retail partners unlock their full potential, and Shopee Brands Festival demonstrates our dedication to empowering new and existing brands on our platform. This campaign is another step forward for us in bringing our users the most popular and exciting products from their favorite brands. We look forward to working closely with Sa Sa, starting with the launch of its Shopee-exclusive store.”

    The Sasa Official Store launched exclusively on Shopee yesterday. Users can look forward to deals of up to 60% off all Sasa products storewide, vouchers, and more during Shopee Brands Festival.

    Running from 20 February to 1 March 2020, Shopee Brands Festival will give users access to a variety of exciting deals, promotions, and sales across a host of popular brands including Bose, 3M, Colgate, Enfagrow, and more. In Singapore, the campaign will feature more than a week of super promotions, with key highlights including:

    • 10 back-to-back Super Brand Days with exclusive deals and product launches across leading brands

    • Lowest Price Guaranteed on products such as the Apple MacBook Air 13-inch, SK-II Facial Treatment Essence, Dyson Supersonic Hair Dryer, and more

    • A chance to win up to 80,000 Shopee Coins with Shopee Shake, which will run twice daily from 21 February to 1 March

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  • Some Banks Already Prepare for Economic Rebound in Asia

    Some Banks Already Prepare for Economic Rebound in Asia

    Some financial firms operating in Singapore and Hong Kong have delayed hiring due to the coronavirus outbreak but others are quietly laying plans to prepare for an economic rebound in Asia.

    Despite the slowdown in hiring seen by some recruitment firms in the two financial centers, some lenders have moved ahead to acquire talent in the locations they view as a strategic fit. For example, U.S. lender J.P. Morgan on Monday announced the appointment of three new senior staff in Asia, with one being a newly-created role.

    New digital banks, which do not need physical branches to serve clients, are also getting more staff to deal with inquiries and expanding their offerings. On job portal jobs.db.com, a search for virtual banking jobs in Hong Kong landed at least seven new listings by virtual banks such as Ping An OneConnect and WeLab this week. Meanwhile, Hong Kong’s Z.A. Bank said it has received over 20,000 applications to be new customers despite the gloomy situation.

    Many domestic and foreign institutions in the two financial hubs have slowed recruitment, according to headhunters in the two cities. The hiring processes have been affected by quarantines, precautionary measures that include travel restriction to and from China, and decisions not to conduct face-to-face interviews.

    Everybody is distracted,» said Gurj Sandhu, a managing director at Morgan McKinley Group in Singapore. While none of his clients are canceling roles, hiring has fallen in priority, he added.

    Hiring processes and relocation plans are taking longer than usual because of logistical challenges. Bethan Howell, a Hong Kong-based consultant at Selby Jennings, gave the example of a person scheduled to relocate to Hong Kong from Shanghai for a quant fund.

    The person may have to work from the client’s Shenzhen office while waiting for a visa, which is taking more time these days, she said. As a result, some lenders are considering whether to hold off on adding headcount for non-essential roles such as back-office functions, according to Mark Li, head of client solutions at Randstad Singapore.

    Although some financial firms are conducting interviews by video conference or phone, closing the deal is more problematic, especially at investment banks and wealth-management units. This is because bankers are considered «big-ticket items,» said Hubert Tam, a managing partner at Sirius Partners in Hong Kong.

    Private banks and investment banks are holding off on hiring until they can meet candidates in person, even if they had a good record last year, he added.

    In fact, many private bankers with clients in mainland China would have to travel to the country to meet clients first to «get their blessings» before moving banks, according to Amod Jain, a Morgan McKinley consultant in Singapore. Not everything can be done by phone.

    In fact, some banks have pushed back events meant to generate sales and legacy planning opportunities. A popular conference amongst financial executives – Money20/20 Asia – that was earlier scheduled to happen in March, has been moved to August, according to its website.

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  • UBS Appoints New CEO

    UBS Appoints New CEO

    Switzerland’s largest bank, UBS, has named Ralph Hamers as its new Group Chief Executive Officer, effective November 1, 2020, according to a media release. Hamers currently serves as CEO of Dutch ING Group.

    Ralph Hamers will join UBS as a member of the group executive board on 1 September 2020 in order to ensure a smooth leadership transition. Effective 1 November 2020, Hamers will become group chief executive officer (CEO) and president of the executive board of UBS.

    The 53-year-old Dutch banker Hamers will succeed group CEO Sergio Ermotti who has been with the bank for more than nine years. He joined ING Group in 1991. During his career, he progressed through a series of roles across business segments and geographies before becoming CEO in 2013.

    Under his leadership, ING Group has implemented a fundamental shift in its operating model and is now considered one of the best examples of digital innovation in the banking sector.

    Hamers holds a Master of Science in Business Econometrics and Operations Research from Tilburg University in the Netherlands and is chairman of the European Banking Group, the leading European banking association.

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  • UBS Hires a Proven Digital Transformer in Ralph Hamers

    UBS Hires a Proven Digital Transformer in Ralph Hamers

    Ralph Hamers brings with him a track record of not only profitability but also effective transformation to compete with tech giants that threaten to take the financial sector’s lunch.

    As expected, Sergio Ermotti stepped down from UBS’s top role succeeded by 30-year ING veteran Ralph Hamers. Though ending on a less than ideal note with 2019 results missing both profit and cost targets, Ermotti leaves behind a legacy of successfully transforming the business from being investment banking-focused to wealth management-focused.

    In Hamers, UBS has also hired a chief with a proven track record for transformation. His thoughts, speech and subsequent results at ING may very well paint him as the poster boy for the current zeitgeist in banking.

    In mid-2019, ING’s app was reportedly ranked 10th by daily usage in the Netherlands, behind mainstays like Facebook or Google. The reasons are almost purely non-financial. In addition to regular online banking, it was the biggest outlet for Philips products in the country through an e-platform that sells a vast array of non-food products including barbecues, TV sets, clothing and discount tickets for theaters.

    The Amazons, the Facebooks, the Googles of this world – knowing what people are looking for – are involved much earlier in this decision-making process, Hamers said. They know the trajectory of this customer going through that process and already have more intelligence than we will ever get. The question for me is whether I can build this platform, which is open, so I extend my activities into this decision-making process.

    Stemming from this strategic focus on mind share, the bank in 2018 purchased Makerlaarsland, a sizeable digital housing broker and agent (4-5 percent market share), precisely to be involved earlier in the decision-making process.

    While Europe does not house as many household tech names as the U.S. or Asia, its regulatory environment in finance is nonetheless in many ways more liberal and progressive. Since 2017, regulators leveled the playing field in payments through the Payment Service Directive 2 (PSD2), breaking banks’ monopoly on customer data.

    Fintechs force us to be more efficient, as a consequence of which we can deal more easily with low-interest rates and tougher regulations. If you open up to trends and try to make them yours, then it can still be fun to run a bank, Hamer said in a 2015 report with German newspaper Handelsblatt.

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  • HSBC’s Revamp Less Reliant on External Factors

    HSBC’s Revamp Less Reliant on External Factors

    HSBC’s overhaul this time will be different, said interim chief executive Noel Quinn, relying less on external factors such as the economic environment.

    Following disappointing results, HSBC made announcements to further restructure the business including through 35,000 job cuts. According to its interim head, the current revamp will be less dependent on assumptions based on the macroeconomic environment.

    I believe this plan is predicated on three things we can control, which are costs, simplification of the business, and capital efficiency, rather than being dependent on revenue growth assumptions influenced by the macroeconomic environment,” Quinn said.

    Meanwhile, the spotlight continues to shine on the issue of stability at the top as the bank’s appointment of a permanent chief executive remains unconfirmed. HSBC CFO Ewen Stevenson reportedly made a call to staff this week to provide assurance and inspire commitment.

    Internally, expectations had built up in the run-up to the strategy update that Quinn will be confirmed as the group CEO, the report said, citing an unnamed source that was on the call. But the way the whole thing is being handled … it has created more confusion about the strategy and whether the bank will stick to it for the next three years even if there is a change at the top.

    This is a significant restructuring that is being driven by an interim CEO who may not be the person that delivers it, added another unnamed source that claimed to be a top-20 investor in the bank.

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  • Saigon metro to test run in Q3

    Saigon metro to test run in Q3

    An elevated section of Ho Chi Minh City’s Ben Thanh-Suoi Tien Metro Line 1 will be tested out within the third quarter this year.

    This elevated section crosses Ho Chi Minh City’s District 9, spanning from central Binh Thai Station to Long Binh Depot, a train maintenance center, the HCMC Management Authority for Urban Railways (MAUR) said in a report to the city’s People’s Committee.

    Once testing is complete, MAUR said it would test another section between Binh Thai and Van Thanh stations in District 2.

    The city targets project completion to advance to 85 percent before the end of this year, to officially enter operation by the end of 2021, it was added.

    The first locomotives and trains for the line, produced by Japanese manufacturer Hitachi, are set to arrive in HCMC from Japan in June.

    Hitachi is currently testing out two trains to deliver first, then will send over another 15, all of which will have three carriages each, as Metro Line 1 is being completed, the MAUR said.

    All 17 trains are part of a $370 million package signed with Hitachi in 2003, which includes delivery of other equipment such as signaling and communication, electricity generation, and electronic fee collection systems.

    On Monday, the city removed a barrier between the metro line’s two underground segments, integrating the entire length of Ben Thanh-Suoi Tien Metro Line 1. Removal of the barrier, erected to facilitate construction of both segments, paves the way for the next phase of the project – equipment installation, officials said.

    When completed, HCMC’s Metro Line 1 will span 19.7 kilometers from Long Binh in District 9 to Ben Thanh in District 1 with a total of 14 stations.

    Work on the line started in August 2012, with the elevated segment cleared in June 2018.

    It was approved in 2007 with a total investment of VND17.4 trillion ($747 million). This was raised to VND47 trillion ($2.02 billion) in 2010 after design changes and fluctuations in the exchange rate of the Japanese Yen, though the increase was not approved by relevant ministries.

    Last November, the National Assembly allowed HCMC authorities to approve a new total investment of VND43.6 trillion ($1.87 billion).

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  • Chow Tai Fook completes Enzo purchase

    Chow Tai Fook completes Enzo purchase

    Chow Tai Fook has completed a full acquisition of the luxury colored-gem jewelry brand Enzo.

    Enzo currently operates 60 points of sale in Mainland China, most of which are in Tier I and II cities. It also maintains a robust presence on several major Chinese e-commerce platforms.

    Under Chow Tai Fook’s ownership, the Enzo brand aims to expand its footprint further in the territory through both self-operated and franchise models.

    “Distinguished by exquisite craftsmanship and creativity, Enzo will continue its niche position as a natural colored gem specialist to complement the group’s multi-brand strategy, enabling us to further venture into the colored gemstone arena,” said Chow Tai Fook executive director Adrain Cheng.

    “On the other hand, Enzo can leverage Chow Tai Fook’s retail and industry know-how to generate greater values to its customers.”

  • Jasons Food Hall at Bangsar to be replaced by new Food Purveyor concept

    Jasons Food Hall at Bangsar to be replaced by new Food Purveyor concept

    The Jasons Food Hall at Bangsar shopping centre in Kuala Lumpur is set to be replaced by a new concept from the country’s fast-growing independent grocery retail group The Food Purveyor.

    Geoff King, The Food Purveyor’s CEO, told Inside Retail Asia that his company hopes to take over the fixtures and the store space before the Jasons lease expires on March 22, “but that depends on landlord consent and the cooperation of the previous tenant”.

    “We hope to be up and trading before the 23rd,” he confirmed.

    The Food Purveyor owns the supermarket chain BIG (Big Independent Grocer) which recently opened new outlets at the Toppen Centre in Tebrau, Johor Bahru, and at the Mall of Medini.

    As Inside Retail Asia reported last week, Jason’s will close its only store in Malaysia after 20 years. A spokesperson for the store’s parent, Dairy Farm International’s Malaysian joint-venture subsidiary Giant, said it had failed to renegotiate a lease on satisfactory terms and was closing Jasons Food Hall at Bangsar with regrets.

    “After months of negotiations, we are very disappointed that we have been unable to come to a mutual and workable agreement with the landlord to renew the lease,” a Giant spokesperson said in an email.

    King says a final decision has not been made on the brand the new store will trade under, but it will be a premium offer in keeping with the suburb’s demographic, which includes a large expat population.

    “The store range and prices will belong to the BIG format but we will be adding some extra touches and features befitting the location and likely launch with a unique name,” he said.

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  • Philippine chain AllHome eyes strong expansion

    Philippine chain AllHome eyes strong expansion

    Philippine home-store chain AllHome will expand its store network to push its selling space beyond 450,000sqm this year.

    “We are set to bring AllHome to more locations in 2020,” said the firm’s chairman Manuel Villar Jr. “Our expansion program is both sustainable and strategic by taking advantage of the synergies between our real estate companies, such as Vista Land, as well as the opportunities in the home improvement industry in the Philippines.”

    As of last year, the firm’s total selling area covered 313,000sqm.

    In part as a response to the coronavirus outbreak, the firm has moved to secure its inventory sufficiently enough to cover its planned expansion and existing network for several months. China is one of AllHome’s major inventory sources.

    “We can easily shift to our other existing sources, like Vietnam, Indonesia, Malaysia, Thailand, India, and even the US,” said AllHome president Benjamarie Therese Serrano. “Our fresh funds indeed came in at the right time when it comes to our inventory management.”

    AllHome’s net income grew 225 per cent in the first three quarters last year. Its total revenues increased by 72 per cent to PHP8.2 billion (US$162 million).

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  • Philippine retailers experiencing coronavirus-related sales slump

    Philippine retailers experiencing coronavirus-related sales slump

    The Philippines’ largest retail landlord SM Supermalls says retailers’ sales have dropped both at home and in China due to the coronavirus crisis.

    According to ABS-CBN, local sales of the group fell by 10-20 percent in the first few weeks of the coronavirus outbreak as people avoid shopping and eating out in the Philippines for fear of exposure.

    In Mainland China, where SM operates malls, sales have slipped by up to 50 percent in tenant’s stores.

    At the same time, other Philippine retailers have witnessed a 30-50 percent decline across the “total retail environment”, according to Roberto Claudio, vice chairman of the Philippine Retailers Association.

    “That drop will go down into billions (of pesos) in terms of lost sales and revenues,” said Claudio. “If this goes on toward the end of the year, it is going to be devastating for most retailers and malls.”

    The Philippines has confirmed three coronavirus cases, all visitors from Wuhan City in the central province of Hubei.

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  • Bossini profit down as protests hit Hong Kong sales

    Bossini profit down as protests hit Hong Kong sales

    Apparel retailer Bossini has revealed a loss of HK$93.7 million (US$12 million) during the six months to December – more than triple the $25.7 million loss of the same period a year earlier.

    Sales were down 20 percent from $875 million to $699 million ($89.9 million).

    The bleak results were not unexpected, after the company filed a profit warning last week estimating a deficit ranging between $85 million and $105 million.

    While 58 percent of Bossini’s revenue comes from Hong Kong and Macau, the group has a presence in 30 countries and regions around the world and 1086 stores in all, of which 287 are company-run the remainder franchised. China accounts for 23 percent, Taiwan 11 percent and Singapore 8 percent.

    Overall sales per square foot fell 18 percent from $4000 to $3300 across the Bossini network. In Hong Kong and Macau retail sales were down by 29 percent as protests and geopolitical issues decimated the number of inbound mainland Chinese tourists. Sales on the mainland fell by just 3 percent.

    Chairman Bess Tsin said in the interim results that Hong Kong is poised to recover from months of social activities with government stimulus plans long-awaited to ease social and economic hardship, “in spite of political turmoil that will likely continue weighing on domestic activity”.

    “Disastrously, the novel coronavirus infection threat is heavily weighing on inbound tourism and local consumption sentiment is expected to last months, bringing another blow to the fragile economy. The business environment for retail trade has become even more difficult.”

  • Don Don Donki to expand after success of debut store in Thailand

    Don Don Donki to expand after success of debut store in Thailand

    Don Don Donki Thailand will expand its retail network this year after a positive trading performance of the first outlet.

    In partnership with Saha Pathana Inter-Holding (SPI), the holding company for consumer product conglomerate Saha Group, Don Don Donki Thailand plans to open its second outlet on Ratchadamri Road, which is three times bigger than the first store.

    President and executive director at SPI, Vichai Kulsomphop, said the venture aims to open 10 branches across the country. Each of the stores will cost THB500 million and occupying a space of between 5000 and 6000sqm.

    “Saha Group is also willing to be an overseas partner of Donki if the Japanese firm really wants to expand its business in Asean,” said Vichai.

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