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Tag: DIY

  • Mr DIY Scales New Heights: Targets 3,000 Stores in Thailand by 2031 Following Stellar Growth

    Mr DIY Scales New Heights: Targets 3,000 Stores in Thailand by 2031 Following Stellar Growth

    Mr DIY, the biggest home improvement retail chain in Asia, is setting its sights on further expansion in Thailand, having recently reached the milestone of 1,000 stores in the country.

    Establishing a Strong Retail Presence

    Since its debut in Thailand in 2016, Mr DIY has broadened its reach significantly across 77 provinces. With its origins in Malaysia, the company now runs more than 5,000 stores in 11 countries worldwide.

    Andy Chin, the CEO of Mr DIY Thailand, expressed his excitement and optimism about the company’s future growth prospects. He shared some details about the expansion plans they have in place.

    Expansion Plans

    Mr DIY has set an ambitious target of opening an additional 210 stores in Thailand this year. In aid of this, the construction of an automated warehouse in Samut Prakan is currently in progress.

    This warehouse is set to function as a distribution center, thereby assisting Mr DIY in achieving its goal of 3,000 stores by 2031. By 2027, the company envisages having 1,500 stores operational within Thailand.

    Financial Performance

    In terms of financial performance, Mr DIY reported a revenue of THB20.1 billion during the fiscal year 2025, which was a 24.4 percent annual increase. Additionally, the company also witnessed a significant 47.8 percent surge in profits.

    Questions & Answers

    What is Mr DIY’s target number of stores in Thailand by 2031?
    Mr DIY aims to have 3,000 stores in Thailand by 2031.

    What is the role of the new warehouse in Samut Prakan?
    The new warehouse in Samut Prakan will serve as a distribution center to facilitate Mr DIY’s expansion goals.

    How has Mr DIY’s financial performance been in recent years?
    In the 2025 financial year, Mr DIY recorded a revenue of THB20.1 billion, marking a 24.4% yearly increase. Profits also saw a substantial increase of 47.8%.

  • Malaysia’s Mr DIY seeks to raise US$360 million

    Malaysia’s Mr DIY seeks to raise US$360 million

    Malaysian home improvement retailer MR DIY Group opened the books for its 1.5 billion ringgit ($361.71 million) initial public offering (IPO) on Tuesday, the country’s largest listing in three years.

    The company fixed the offer price at 1.60 ringgit per share, giving it an estimated market capitalization of 10 billion ringgit. The bookbuild period will last seven working days, before pricing on Oct. 14 and listing on Oct. 26.

    MR DIY joins a number of other Southeast Asian companies planning IPOs this year, including Thailand’s Siam Cement Group Packaging and Philippines’ Converge ICT Solutions Inc, a trend that signals an uptick in fundraising activity in underperforming markets.

    The MR DIY listing is on track to be the largest in Malaysia since Lotte Chemical Titan raised 3.77 billion ringgit in July 2017.

    Offering up to 941.5 million shares, representing around 15% of its enlarged issued share capital, MR DIY said it planned to use the IPO proceeds primarily to repay bank borrowings.

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  • Mr DIY revives IPO plan, launches new format

    Mr DIY revives IPO plan, launches new format

    Mr DIY Group has revived plans for a US$500 million IPO following the postponement in March due to the coronavirus.

    The deal, which could be the largest Malaysian IPO in four years, is now pending the enthusiasm of potential investors and could be scheduled for October. It would be singularly responsible for lifting the country’s beleaguered equity capital market, floundering at just $70.7 million worth of IPOs thus far this year.

    Mr DIY saw record sales in May and June following the partial lifting of Malaysia’s movement restriction order.

    The firm has recently launched its new dollar store concept in the territory, selling snacks, drinks and food items for either RM2 or RM5, while its core business is now trading in Vietnam through a franchise partner, with two stores already in business and another under construction in Ho Chi Minh City’s Estella Place, scheduled to open in October.

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  • Philippine chain Allhome eyes compact store formats

    Philippine chain Allhome eyes compact store formats

    Philippines retailer The Villar Group plans to open more compact versions of its Allhome DIY and building-supplies stores.

    The move is a bid to position outlets within closer range of shoppers reluctant to travel far from home during the coronavirus pandemic. The new “Quick Fix” stores will stock DIY and a broad range of homeware.

    “With the lockdown easing out and when the economic situation improves, AllHome may see itself opening more new stores, given its capability to fast track fit-out construction,” AllHome VC Camille Villar said.

    The new outlets are likely to be located next to The Villar Group’s AllDay convenience stores to take advantage of the firm’s property opportunities.

    The building-supplies chain operates 45 stores throughout the Philippines, roughly half of which were opened last year as part of an aggressive expansion strategy.

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  • Mr DIY delays IPO

    Mr DIY delays IPO

    Malaysian home improvement brand Mr DIY may postpone its planned IPO following the effect of political uncertainty on the domestic market.

    Malaysia’s equities market suffered heavily from the impact of Malaysian president Mahathir Mohamad’s unexpected resignation, as well as the continuing impact of the coronavirus outbreak. The Malaysian stock market’s 12-year bull run came to an end just last week as the media spread the news about the outgoing president. A global rout of stock prices relating to the coronavirus crisis has not helped the local situation either.

    Mr DIY is expected to make a decision regarding the IPO this week. The IPO was originally targeted for the end of this month with a view to raising capital of around US$5 million, and may still go ahead if market conditions show any sign of improvement.

    Mr DIY operates close to 600 outlets in the country.

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  • Bunnings to have full e-commerce offer by Christmas

    Bunnings to have full e-commerce offer by Christmas

    Bunnings managing director Michael Schnieder has announced he expects the homewares and DIY retailer will have its e-commerce operations online and fully operational nationwide before Christmas 2019.

    The business has trialled a more limited online offering in select locations, but has previously stated it would roll-out a more robust offering by September 2020.

    “We believe that, done right, our click and collect offer will be rolled out across Australia by Christmas – well ahead of schedule,” Schneider said.

    “This follows the successful introduction of click and collect in Tasmania in April. We’ve been really delighted with the progress and customers’ response to the offer.

    “This is a real testament to our team, who have worked hard to make this happen, ensuring we are building an offer that delivers choice and convenience when it comes to how people want to shop with us.”

    Schnieder also indicated that he expects lower interest rates and the Coalition’s incoming tax cuts to spur customers into spending, delivering some relief in a difficult retail environment – one which NAB chief economist Alan Oster said fallen to levels not seen since the GFC.

    Bunnings has the fourth most visited shopping and classifieds website in Australia, but only enabled online ordering of select items in June of 2018.

    The DIY retailer has previously said it will shift some of its focus toward first-time DIY customers to target the “next generation of customers”.

    The trends of high-density living and long-term renting have informed the business’ products moving forward, as opposed to its more traditional large-scale renovation focus.

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  • Gong Cha to open world’s first bubble-tea funhouse

    Gong Cha to open world’s first bubble-tea funhouse

    Gong Cha will team up with Tokidoki to create the world’s first bubble-tea funhouse at Singapore Shilin night market.

    The Tokidoki-themed bubble-tea funhouse will bring three new flavours including Rosa Latte, Berry Biscotti, Bambu Boba, served in Tokidoki co-branded cups.

    Boba enthusiasts can also treat themselves to bubble tea-inspired desserts such as Boba Pancake, and Earl Grey Milk Tea Ice Cream.

    There will also be two limited-edition Tokidoki x Gong Cha-merchandised tumbler and sleeve for the first 500 customers daily.

    At a DIY station, customers can customise their own drinks.

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  • Ducati India Announces DIY Discoveries Program

    Ducati India Announces DIY Discoveries Program

    Ducati India has announced its Do-It-Yourself Ducati Discoveries program in India and is partnering with Infinity Resorts for the same. What this means is that a Ducati owner in India will be able to make their own trips and travel plans with Ducati without any barrier on dates and timing, which they can choose to do either solo or with fellow Ducatisti. The first leg of this program takes you to Jim Corbett, one of the most famous national parks and tiger reserves in India.

    Ducati and Infinity will also extend the Ducati Discoveries program to other national parks such as Kanha, Bandhavgarh, Kaziranga and so on. Infinity Resorts suggests an itinerary of 5 Days or 4-nights which includes Jeep safaris, riding trails and bird-watching tours along with stay in fine hotels and resorts according to participants’ choice of dates. The best part is that riders get to choose how many days they wish to travel and what they want to do on their very own adventure.

    Sergi Canovas, Managing Director of Ducati India said, “We have been listening to our customers keenly and are taking their feedback. One of the first insights for us was that even though a lot of people want to go on Ducati Dream Tours, it somehow becomes a challenge with set dates which might not work for everyone. Keeping the same in mind, we created this unique property, exclusively for India, by tying up with luxury resort partners Infinity resorts. Ducati riders can just visit the DIY website, check out the suggested itinerary and download the travel maps.

    Basis their convenient dates and the time available, all they need to do is call the resort on their exclusive Ducati riders booking line and make reservations for this unique experience for themselves and their family. Currently, the first route map is live on the Ducati Discoveries website and we will be adding 4 more trips for our riders to avail within this year.”

    Ducati India has already completed its Dream Tours to Ladakh, Himachal Pradesh and Rajasthan and this is the company’s latest initiative to engage riders and also encourage them to take their Ducatis and go out exploring India.

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  • LOL launches digitally customisable fashion platform Cozmic Lab

    LOL launches digitally customisable fashion platform Cozmic Lab

    Malaysian apparel brand LOL has launched an innovation platform called Cozmic Lab. The concept is a collaboration between LOL and Brother, an international printing and imaging technology brand. “Moving beyond the ready-to-wear apparels, Cozmic Lab offers customers an exciting, cost-efficient and environmentally friendly avenue to co-create or customise their own apparel,” said Joey Chong Yan Kit, CEO of Super Gem Resources, the parent of LOL.

    Using digital technology, customers are able to select the apparel’s design, quality, quantity, types and location to collect the final product. And budding entrepreneurs are invited to create their own fashion products using Cozmic Lab.

    “We are bringing a unique blend of fashion and technology to LOL fans,” said Chong.

    “Blending fashion and technology is a global trend and being a fashion-forward brand, LOL believes that Cosmic Lab is a powerful way for us to connect to our customers and engage them through a distinct, innovative and customisable way to shop and experience our brand.

    “Cozmic Lab is also revolutionising the way fashion retail brands do business; we are inviting other entrepreneurs to use the platform to create their very own range of products,” Chong added.

    Exclusive collaborations

    Cozmic Lab has a series of designer and international brand collaborations to enable customers to create apparel unlike anything currently available at LOL. Iconic characters and brands like Doraemon, Peanuts, Sega’s Sonic and Nasa will be among more than 200 visuals customers can choose from – and people can also upload their own creation.

    The Brother digital garment printer takes just one minute to print one item of apparel. Selected footwear and accessories can be custom printed as well.

    Cozmic Lab is available now at the LOL store in IOI City Mall in Putrajaya, and will be opening at LOL stores in Sunway Pyramid, Sunway Velocity, Berjaya Times Square and Paradigm Mall Johor Bahru, this month.

    Fast-growing LOL was founded in November 2015 as a joint venture between Superb Apparel Supply and Parkson Retail Asia. In June this year, the founders acquired Parkson’s 70 per cent stake in the company.

    Currently, LOL has more than 200 employees and 15 stores across Malaysia, including 10 in the Klang Valley, two in Johor Bahru, two in Sarawak and one in Melaka. It plans to open five more next year, most in the Klang Valley.

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  • Thai cash and carry chain Makro in $86m acquisitions, expands in SE Asia

    Thai cash and carry chain Makro in $86m acquisitions, expands in SE Asia

    Thai listed wholesaler Siam Makro, through its subsidiary Siam Food Services, has entered agreements to acquire four food service businesses in Asia and the United Arab Emirates, for over 3 billion baht ($86 million).

    The Thai cash and carry operator said, in a regulatory filing, it will be buying 80 per cent each in these targeted companies, which are Indoguna (Singapore) Pte Ltd, Indoguna Dubai LLC and two Hong Kong-based firms Lordly Company Limited and Just Meat Company Limited.

    Siam Makro said it would use its own capital and bank loans to facilitate the acquisitions.

    The transactions are expected to “support Siam Food in expanding its business with respect to providing food services solutions to premium food supplies in Singapore, the United Arab Emirates and Hong Kong and in accelerating an expansion of the business to ASEAN countries,” the company stated.

    The targeted firms are engaged in a business related to Siam Food and Siam Makro operation, which is importing, exporting and distributing raw and frozen premium food supplies including Halal products and sausage and salami processing.

    In conjunction with the aim to expand in Asia, Siam Makro has also set up a $2 million joint venture in Cambodia, registered as Makro Cambodia Limited in September 2016, in which it holds 70 per cent equity.

    Siam Makro had said earlier this year that it was looking at the possibility of investing 6 billion baht to open 20 stores domestically during the year, and 3 billion baht to expand elsewhere in Southeast Asia, possibly in Cambodia, Laos and Vietnam.

    The cash and carry chain’s parent company, CP All – controlled by business conglomerate Charoen Pokphand Group, operates the 7Eleven retail outlets in Thailand. CP All is reportedly planning to bring down its major holding of 97 per cent in Siam Makro.

     

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