Retail News CRM

Tag: bangkok

  • Thailand’s Jaspal Group ells accessories brand Lyn to India

    Thailand’s Jaspal Group ells accessories brand Lyn to India

    Thailand’s Jaspal Group has launched its accessories brand Lyn in India.

    The group’s first store in the territory is opening at Select CityWalk Mall in New Delhi, offering its full range of fashion accessories from runway-inspired handbags and wallets to shoes, as well as staple accessories from watches to eyewear.

    The brand says its Fall/Winter 2019 collection available in-store is designed to evoke the warm summer desert shifting to the elegance of European urban, “promoting modern women’s confidence, self-expression, and sophistication”.

    Lyn has operated across Southeast Asia for 18 years, with 50 stores in Thailand, two in Cambodia, and 10 in Vietnam.

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  • Thailand’s Central Group names new executive commitee

    Thailand’s Central Group names new executive commitee

    Thailand’s Central Group has appointed Stephane Coum as CEO of Central Food Retail Group.

    The appointment coincides with Alistair Taylor being handed the role of president of Central FamilyMart. Both appointments are part of the firm’s strategy to develop borderless retail and digital technology.

    Central runs food stores and supermarkets in the territory, with its Central FamilyMart subsidiary responsible for its convenience stores.

    Stephane Coum has worked in the global retail industry for more than 20 years, and was previously operations director for Carrefour Italia.

    A statement by the firm said Coum will lead CFRG to become a leader in innovation, gaining market share and growth in sales and profits. He aims to transform the business through the use of technology and digital tools.

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  • Thailand’s MK Group buys into seafood restaurant chain

    Thailand’s MK Group buys into seafood restaurant chain

    Thailand’s MK Restaurant Group will purchase a 65 per cent shareholding in the Lam Charoen Seafood chain.

    The 40-year-old restaurant brand, which has 26 branches across Thailand, will sell for THB2.06 billion (US$67.13 million), according to an announcement posted to the Thai stock exchange last Friday.

    The acquisition, which will most likely close by December, will take place via MK Restaurant Group subsidiary Catapult, funded by working capital.

    MK Restaurant Group currently operates more than 400 locations under several brand names including MK, Yayoi, Miyazaki, Hakata, Bizzy Box, Le Petit and MK Harvest.

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  • Siam Piwat gives mall space to disabled and underprivileged suppliers

    Siam Piwat gives mall space to disabled and underprivileged suppliers

    Thai shopping-centre operator Siam Piwat has created special zones in two of its malls stocking products made by people with disabilities, underprivileged people and special-needs children.

    Called Made by Beautiful People, the products are now available at IconCraft on the fourth floor of IconSiam and in the ODS (Object of Desire Store) on the third floor of Siam Paragon. Both malls are in Bangkok.

    The initiative is an expansion of its ongoing social contribution Citizen of Love, launched in 2009 in which it aims to “share love, provide opportunities and bring pride and equality for all Thais”.

    Space for the Made by Beautiful People displays is provided free by Siam Piwat.

    “With an aim to inspire, to create opportunities and generate sustainable careers and income for the underprivileged people, the company offers full assistance for the sales and marketing of the products,” said a Siam Piwat spokesperson.

    “Products now available are from seven pioneering charitable organizations and groups:  Vocational Development Center for the Disabled, Light for the Disabilities Foundation, Anusarnsunthon School for the Deaf, Arunothai for Special Needs Project, Autistic Thai Foundation, Na Kittikun Foundation, and Sikkha Asia Foundation.

    “The ultimate goal is to culminate an empowering space, a creative showcase of their works and their talents, a place where products made by people, whose hearts know no boundaries, are connected to local consumers and visitors from across the globe,” said the spokesperson.

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  • 80 Percent of Thai Wealth Held Onshore

    80 Percent of Thai Wealth Held Onshore

    Lombard Odier is bullish about its onshore partnership strategy in Thailand, claiming that 80 percent of high net worth wealth remains onshore with local banks.

    The bank is bullish on Thailand’s wealth market, citing industry projections of 10-30 percent annual growth of high net worth individuals, depending on segmentation. Interestingly, the billionaire segment is expected to increase the fastest despite an ongoing U.S.-China trade war.

    Growth is here, said Lombard Odier’s APAC CEO Vincent Magnenat, who expressed optimism regarding the bank’s benefits from its four-year-old partnership with major Thai lender Kasikornbank (Kbank).

    Lombard Odier’s ventures into building onshore revenue lines have been supported not only by its investment capabilities but also through effective delivery to meet non-investment needs. According to Magnenat, the new generation of Thai entrepreneurs are increasingly demonstrating not only demand for professional investment management but also wealth planning and family or business governance needs.

    Perfect wealth comes from a combination of wealth and happiness; customers can live a worry-free lifestyle by easing their concerns in the areas of maintenance and succession of wealth, said Jirawat Supornpaibul, head of Kbank’s private banking group in a local media report.

    KBank’s private banking arm has assets under management of 760 billion Thai baht ($25 billion) with more than 11,000 clients and it estimates the latter to grow five percent annually.

  • Hoshino Coffee chains eye Asian expansion

    Hoshino Coffee chains eye Asian expansion

    Upmarket Japanese coffee businesses are expanding into other Asian markets in an attempt to win over customers from global leaders such as Starbucks.

    Specialty brands Sarutahiko Coffee and Hoshino Coffee are among those reaching into major Asian markets, with Sarutahiko entering Thailand and Hong Kong, and Hoshino moving to Taiwan.

    “Consumers who frequent Starbucks are ready to embrace Japanese-style service,” said president and CEO of Sarutahiko Tomoyuki Otsuka.

    Mitsubishi has taken a 15 percent holding of Sarutahiko for around 500 million yen ($4.6 million), with a view to expanding the brands’ network from the current 16 stores (including three in Taiwan) to 30 outlets.

    Hoshino Coffee already trades well in Singapore, Malaysia, and Indonesia and will launch in Taiwan in the next fiscal year.

  • Thai AirAsia ready for travel growth

    Thai AirAsia ready for travel growth

    Thai AirAsia and Thai AirAsia X’s businesses are expected to grow as projected this year, with passengers surpassing 23 million.

    Santisuk Klongchaiya, chief executive of Thai AirAsia, said passengers in the first half this year tallied 11.4 million, with a load factor at 87%. Passenger volume for the full year is expected to reach 23.2 million as planned, 5% growth, with a load factor of 85-86%.

    He said the most urgent issue for the airline is to regain trust from Chinese tourists after the fatal boat accident last year. The baht appreciation has also affected the Chinese market.

    Mr Santisuk said the airline plans to talk with the Tourism Authority of Thailand about creating a special campaign for the Chinese market. Thai AirAsia is also considering opening new routes in South Asia, such as Hyderabad, India and Kathmandu, Nepal, later this year. The airline plans to welcome two more Airbus A321 jets by the end of this year to replace retired aircraft, bringing Thai AirAsia’s fleet to 63.

    Nadda Buranasiri, chief executive of AirAsia X group and Thai AirAsia X, said the fleet for Thai AirAsia X will expand from nine to 14 as part of the plan to create a network in North Asia before moving to other regions.

    Thai AirAsia X, which operates long-haul routes, carried 1.5 million passengers in the first six months.

    Passenger numbers for the full year are projected at 3 million, with a load factor of 85%.

    There are some new routes planned in North Asia or Australia, and more frequencies expected to be added, said Mr Nadda.

    The airline has put off plans to add other long-haul routes to assess market demand after adding four flights a week on the new Airbus A330neo to Brisbane, Australia.

    Thai AirAsia and Thai AirAsia X are budget airlines partially owned by Malaysia’s AirAsia Group Berhad.

    Yesterday, Teleport (formerly known as Redcargo Logistics), a fully owned subsidiary air cargo company under AirAsia Group Berhad, signed a memorandum of understanding with Triple i Logistics to set up a joint venture company, Teleport Thailand.

    The new venture will start services at the beginning of next year.

    Pete Chareonwongsak, chief executive of Teleport, said it offers seamless same-day delivery in e-commerce for both domestic and 140 other destinations in the airline’s network, covering Asia and Australia, with cargo capacity from the 270 aircraft held by AirAsia and affiliated carriers.

    “Utilisation of the airline’s belly cargo is only 15%. We plan to use the remaining capacity to benefit small business operators, aiming to utilise cargo capacity of up to 50% within five years,” he said.

    The partnership will offer a new logistics business model differing from traditional airport-to-airport cargo movement, said Tipp Dalal, chief executive of Triple i Logistics.

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  • Philipp Plein opens second Bangkok Store

    Philipp Plein opens second Bangkok Store

    Fashion label Philipp Plein has launched its second location in Thailand.

    The new Bangkok store at IconSiam Mall follows the brand’s first outlet in Phuket, which opened in 2016. The opening is in line with Philipp Plein’s general expansion plans in the region, with a store having just opened in Singapore and another to follow in the Philippines later this year.

    The Bangkok store’s shopfront is designed in black marble featuring a giant Swarovski crystal skull.

    The store also displays a Murano skull chandelier, hexagonal tables and metallic displays.

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  • AirAsia enters logistics JV for Thailand

    AirAsia enters logistics JV for Thailand

    Airasia indirect wholly-owned subsidiary Teleport Everywhere Pte Ltd has proposed a joint venture with Triple i Logistics Public Company Ltd to provide logistics services to Thai AirAsia Co Ltd (TAA) and Thai AirAsia X

    AirAsia said in a filing with the stock exchange that a memorandum of understanding was signed between the four parties, whereby Teleport and Triple I would establish a partnership in Thailand as a general cargo sales agent for the airlines.

    According to the statement, Teleport is a cargo and logistics services provider while Triple i is a total logistics integrator with 27 years of experience in the international forwarding and logistics industry

    “The MOU aligns with Teleport’s mission to move goods and e-commerce seamlessly throughout Southeast Asia, taking full advantage of AirAsia Group’s network of more than 100 cities and 10,000 weekly flights across Asia Pacific.

    “In particular, it allows Teleport to integrate the rights to the cargo capacity in Thailand for TAA and TAX with the wider AirAsia Group’s network,” it said.

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  • Saha Group set to open the first unmanned stores in Thailand

    Saha Group set to open the first unmanned stores in Thailand

    Consumer goods retailer Saha will launch its first unmanned stores in Thailand within three months.

    The move is an attempt to reorient the firm’s business strategy towards a more contemporary model, relying on recent technologies to win a younger target demographic.

    “It’s a must,” said group chairman Boonsithi Chokwatana. “We still need to invest more in order to respond to the new demand of new generations.”

    Saha’s first 100sqm unmanned store “His & Her”, operated by the firm’s retail arm ICC International, will offer close to 300 items from instant noodles to branded clothes. It draws on facial recognition, QR code reading and radio frequency identification technologies invested in by the firm to the tune of some THB10 million baht (US$330,000). The store will also feature multiple payment systems.

    The firm is expected to invest a further THB50 million ($1.62 million) on new servers, applications and big data systems in order to profit from a closer analysis of customer habits.

    “We plan to debut the unmanned store by October,” said VP of ICC’s information & technology division Surat Wong, adding that the company intends to expand further by next year following an evaluation of initial sales results.

    Earnings of around THB760,000 ($24,600) per month are expected from the store, just 5 per cent lower than the average monthly sales of its existing manned stores.

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  • Thai bank invests in Go-Jek to take on Grab

    Thai bank invests in Go-Jek to take on Grab

    Siam Commercial Bank has made a “significant investment” in Indonesian ride-hailing app Go-Jek.

    Go-Jek, which has an estimated valuation of around US$10 billion, will be offering financial services in partnership with the bank as well as expand its food delivery services in Thailand following the funding. It is expected to add SCB’s products in payments, digital lending and insurance to the available offerings on its app within the coming months.

    “Our products will be connected, SCB will oversee finance while Go-Jek and Get will look at digital and logistics,” said SCB president Arak Sutivong.

    Go-Jek has operated in Thailand under the brand name Get since earlier this year, where it is in competition with Singaporean ride-hailing app Grab.

    “We have more then 20 services, in Indonesia,” said Go-Jek’s head of international, Andrew Lee. “We will pick and choose the best playbook for Thailand and carefully curate that.”

  • Thai AirAsia X begins new service to Brisbane

    Thai AirAsia X begins new service to Brisbane

    Thai AirAsia X has started its newest service from Bangkok to Brisbane, with the first arrival touching down at 11:46 am local time on Wednesday. This marks the first AirAsia service to Brisbane Airport. The aircraft received a water salute on arrival, courtesy of the airport’s fire and emergency service.

    The route is operated by Thai AirAsia X under flight number XJ310 (Bangkok to Brisbane) and XJ311 (Brisbane to Bangkok); duration of the flight is approximately nine hours and 20 minutes. Before this connection, the only non-stop service between Brisbane and Bangkok was operated by Thai Airways using the Boeing 777-200. The Malaysian AirAsia X serves Gold Coast Airport, which is located 90 kilometres (56 miles) south of Brisbane.

    We are delighted to have a new home in Queensland, adding Brisbane to our Queensland ports after we commenced operating flights from the Gold Coast in 2007. This direct service between Bangkok and Brisbane strengthens our connections into Australia and adds to our extensive network of more than 140 destinations worldwide.Nadda Buranasiri, AirAsia X CEO
    Asia is a key market for Queensland’s tourism industry and this new service will bring more than 235,000 inbound seats to Brisbane over the next three years, providing a $156 million boost to the state’s economy and supporting 660 jobs.Kate Jones, Minister for Tourism Industry Development

    Thai AirAsia X is a sister airline of AirAsia’s long haul carrier AirAsia X. The Thai airline is based at Bangkok Don Mueang Airport. Together with AirAsia X and Indonesia AirAsia X, it operates a fleet of 36 Airbus A330-300 with up to 100 of the new generation A330-900neo on order. Thai AirAsia X will soon receive its first A330neo and become the Asian launch-customer of the aircraft type. The airplane, which is already due for delivery, was on display at Paris Air Show 2019.

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  • Lawson Thailand plans Further Network expansion

    Lawson Thailand plans Further Network expansion

    Saha Group is opening a new wave of Lawson Thailand convenience stores in subway stations and airports.

    The firm is establishing a joint venture with its partner Japanese chain in collaboration with Thai advertising business VGI Global Media, which specialises in public transport facilities. The cooperative will launch this Friday with registered capital of THB20 million (US$645,000). Partnership Saha Lawson will hold 60 per cent of the venture, with VGI taking 30 per cent and Saha Group the remaining 10 per cent.

    Saha expects the brand’s focus on public transit customers will give the initiative an edge over leading competitor Charoen Pokphand’s 7-Eleven, which operates around 11,000 outlets. It plans to open 30 Lawson Thailand stores in transport facilities, joining its existing store network in Bangkok’s elevated mass-transit system BTS, by late February 2021.

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  • Tencent launches first overseas video streaming in Thailand

    Tencent launches first overseas video streaming in Thailand

    Chinese tech giant Tencent Holdings Ltd launched its first overseas video streaming service in Thailand on Friday, as it ramps up its presence outside China.

    Tencent is diversifying from its core Chinese gaming business, which has been beset by regulatory problems, pushing revenue growth to its slowest-ever in the first quarter.

    Tencent’s existing Thai user base made the country a good first target for its push into Southeast Asia, said Jeff Han, Senior Vice President of Tencent Penguin Pictures, which produces original content for the streaming business.

    “This is the market we need to first enter to try to see whether an overseas launch could be a success for us, so we can continue the challenge,” Han told reporters in a group interview in Bangkok.

    “We have our priority markets… the Chinese-speaking markets, which will be more receptive to our offerings,” he said.

    In Thailand, Tencent Video will be called WeTV and feature original Chinese content from Tencent Penguin Pictures with Thai dubbing, and content created with local partners, Han said.

    He declined to comment how much the company was investing overseas.

    WeTV adds to Tencent’s music streaming service JOOX and the mobile version of PUBG games in Thailand.

    Tencent’s video streaming subscriptions increased 43% in the first quarter of 2019 on an annual basis, contributing to a growth in digital content revenue, according to its latest results.

    Tencent Video in China claims over 89 million subscribers and more than 200 million daily active users.

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  • Nok Air launched direct flights to Hiroshima, Japan

    Nok Air launched direct flights to Hiroshima, Japan

    The first phase is charter flights which have begun on 1st and 5th May 2019. This route is one of the many of the Nok Air’s turnaround plan by looking for the potential routes. Now, Nok Air is available and intend to create an impressive experience for the passengers.

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