Retail News CRM

Tag: expansion

  • Lin Jia Convenience Store Debuts in Times Square

    Lin Jia Convenience Store Debuts in Times Square

    Lin Jia Convenience Store, the dark horse in China’s retail market, has shown remarkable growth recently, thanks to the retailer’s particular focus on excellence in customer service and innovation. The Chinese shop recently debuted on the large billboard overlooking New York’s Times Square, giving the world a glimpse of what a Chinese retailer looks like.

    Lin Jia Convenience Store, the dark horse in China’s retail market, debuts on the large billboard overlooking New York’sTimes Square

    The chosen theme “We are not just a neighbor, we are a family friend” clearly conveys Lin Jia Convenience Store’s brand philosophy of bringing the world to each shopper’s doorstep. The famous crossroads in the heart of New York City, one of the planet’s most popular destinations, has been drawing tourists from the four corners of the globe for many decades.

    In a globalized era, the world’s most well-known intersection has become a platform where leading companies can showcase their strength and where Chinese brands can announce their global expansion plans and successes.

    Catering to a wide range of demands and providing the most shopper-centric housekeeping services to help customers effortlessly maintain their preferred lifestyle

    As part of its commitment to becoming the most conscientious lifestyle service provider for shoppers, Lin Jia has paid utmost attention to both the range of services offered and the quality of those services. The store sells a wide range of fresh and instant foods, snacks, imported products and daily necessities, 24 hours a day, 7 days a week, catering to the whims of even the most demanding consumer.

    The range and variety of foods are designed to please every shopper, regardless of preferences or dietary restrictions. The store also provides a variety of user-friendly services, including laundry, printing, free charging booths for phones and tablets, free Wi-Fi, Lakala Kiosks for offline e-payments, self-service government lottery ticket kiosks and free toilets.

    As part of being the most customer-centric lifestyle products and services retailer, Lin Jia remains open all night. Providing products and services for customers round the clock is in line with the underlying meaning of its management concept encapsulated in the tag line “Lin Jia, Life+” and the basic guarantee underlying every product and service that is offered. The retailer provides the shopper with a quiet and comfortable shopping environment.

    Leading the industry trend, differentiating itself from the competition and accelerating brand development

    As the standard of living in China improves, the pace of day-to-day life accelerates, and expectations that shoppers have of their retailers continue to climb. In the face of this trend and ongoing industry competition, it becomes ever more important for convenience stores to provide a full range of services, while introducing innovations and differentiating themselves from the crowd.

    Lin Jia has already distinguished itself among its peers in the world of retail, by having continually enhanced and continuing to further enhance the quality of its services as well as bring in new innovations, delivering a constantly improving shopping experience to each and every person who enters the store.

    Innovative services create the best shopping experience

    Unlike other convenience stores, in terms of the interior layout Lin Jia Convenience Store installed highly directional speakers for announcements to ensure a quiet in-store environment and fully sealed off the kitchens to avoid having the smell of food being cooked wafting through the sales aisles, assuring the shopper of an end-to-end pleasant shopping experience during every minute spent within the store.

    At the same time, services offered by Lin Jia, including laundry, recharging stations for tablets and cell phones as well as online shopping with 30-minute delivery, maximizes the convenience of modern day living. In effect, Lin Jia has succeeded in filling in for the family housekeeper, with the same kind of personal touch and level of care.

    Lin Jia Convenience Store, a newly emerging force in the convenience retail sector, is committed to strictly adhering to the best practices that are expected of any top-notch retailer, enhancing branding through the excellence of its products and services, and serving as a guide to consumers for identifying the best services and products to support a quality life style.

    The retailer’s appearance in New York’s Times Square shows that China’s convenience stores are ready to take their place on the international stage as they prepare to enter markets beyond the borders of the home country.

  • 7-Eleven Hits Milestone of 60000 Stores in 17 Countries

    7-Eleven Hits Milestone of 60000 Stores in 17 Countries

    7-Eleven Inc., the largest convenience retail chain in the world, keeps getting bigger with the opening of its 60,000th global store.

    The Irving-based company traces its roots to the 1927 opening of Southland Ice Co. in Oak Cliff, Texas. In 1946, with stores open from 7 a.m. to 11 p.m., the name was changed to 7-Eleven. Stores started staying open around the clock in 1971.

    7-Eleven moved into Canada in 1969 and into Mexico in 1971 as part of joint ventures. In 1974, the retail chain expanded into Japan with Seven-Eleven Japan, which became the parent company in November 2005.

    7-Eleven now has stores in Thailand, Taiwan, South Korea, China, Malaysia, Singapore, Philippines, Australia, Sweden, Norway, Denmark, Hong Kong, Macau, Indonesia and UAE through area license and master franchise agreements.

    The first 7-Eleven store in Vietnam is expected to open next spring, which will extend the retailer’s operations to 18 countries.

    “The 7-Eleven story is amazing and inspiring; we started as a small local ice house and have grown over the years store by store, community by community, and country by country into an iconic global brand,” said Joe DePinto, 7-Eleven Inc. president and CEO. “We will continue to grow by staying focused on the constantly changing convenience needs of our customers and by staying committed to the communities we serve.”

    Last year, 7-Eleven opened one store every 2.5 hours, for approximately 4,000 stores.

    The company currently has the most stores in Japan (18,860), followed by Thailand (9,278), the United States (8,378), South Korea (8,238) and Taiwan (5,057).

    Other milestones in 7-Eleven’s history include:

    • 1927: First store
    • 1952: 100th store
    • 1963: 1,000th store
    • 1984: 10,000th store
    • 2003: 25,000th store
    • 2010: 40,000th store
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  • Faster roll-out for Mister Minit Asia

    Faster roll-out for Mister Minit Asia

    Australasian services retailer Mister Minit is to expand its retail presence in SE Asia after stellar growth in Malaysia and Singapore.

    The company says it is experiencing an increasing appetite for its personal services among time-poor shoppers.

    For the third consecutive year, the company has experienced strong comparable growth in Singapore and Malaysia with current running rates at 30 to 40 per cent, and is now on the verge of a major expansion program in South East Asia.

    “We are committing significant funding over the next three years initially in Singapore and Malaysia, with interest in also expanding into other Asian markets in the medium term,” said Mark Rusbatch, CEO of Mister Minit.

    Mark Rusbatch - CEO cropped

    There are currently 12 Mister Minit Singapore retail stores and seven in Malaysia.  The company is developing a pipeline of new shop openings for both countries and working with key landlords on identifying prime locations in shopping centres.

    “One of the fastest growing trends right now is ‘do it for me’ and Mister Minit is well placed to make time poor customer’s lives that bit easier – from shoe repairs to other household and personal services including key duplication, engraving and watch servicing,” said Rusbatch.

    Mister Minit Shoes 8157 (Large)

    The company is synonymous with ‘fixing people’s problems’ in Australia and New Zealand, where it is the clear market leader, and has shown year on year comparable sales and total growth for the past 15 years.

    “Our strategy in Australia and New Zealand has been to secure prominent locations in high foot traffic areas that provide ready access to those customers who are time poor and need to utilise our array of services as part of their everyday shopping needs including visiting the supermarket,” said Rusbatch.

    Mister Minit Service2 8406 (Large)

    Mister Minit will adopt a similar strategy in Southeast Asia, where it sees a real opportunity to accelerate its growth rates in the medium and long term.

    “Mister Minit’s heritage in this region has been around high quality shoe services and augmenting these with our full array of services, which include key duplication, personalisation through engraving, and watch servicing including band and battery replacement.”

    “As an international brand we deliver a consistent level of quality and services from our shop fit outs to our high service standards. We recognise the importance of people – from securing the best people to retaining them. We also invest in a significant level of training, upskilling our team in the latest technology and expertise. We know the quality of our people defines our brand.”

    The company’s franchise model is also a strength of the business, and has so far been implemented across five of the Singapore stores with more anticipated to follow.

    Mister Minit Singapore

    “Franchising is our preferred business model as it delivers a strong offer – combining local ownership with an International brand profile,” said Rusbatch.

    Mister Minit will next year celebrate its 60th Anniversary, following its establishment in 1957 in Europe.  In a further sign of the importance of the South East Asia region to the company, it will celebrate the milestone locally.  Mister Minit will host its Annual Franchisees Conference in Singapore in 2017, attended by franchisees and employees from across Australia, New Zealand and South East Asia.

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  • Watsons stores lead 1000 openings for Hutchison

    Watsons stores lead 1000 openings for Hutchison

    Watsons stores account for the bulk of more than 1000 new stores to be opened by parent CK Hutchison this year.

    Hutchison said in its six month results released Friday it has added 257 stores to its global network already this year and 800 more would open by year-end. About two thirds of those will be Watson healthy and beauty outlets, mainly in China and Asia.

    CK Hutchison had more than 12,600 stores across 25 markets at the end of June. The vast bulk of those are Watsons stores, but the group also operates Fortress electronics stores, supermarket ParknShop and Watsons Wines.

    The group’s total retail revenue was HK$73.413 billion and net earnings were $5.338 billion, were all 2 per cent lower than the same period last year, results adversely affected by foreign currency translation to Hong Kong dollars.

    “Despite strong growth in the health and beauty segment, the retail operations in Hong Kong experienced mounting pressure from the severely reduced tourist arrivals and spending in the first half, which dampened the growth in the overall retail division,” Hutchison said in its half-year report.

    “In local currencies, revenue increased by 1 per cent, while EBIT increased by 2 per cent.”

    The Watsons health and beauty business represents 94 per cent of the retail division’s net income, which grew 6 per cent in local currencies. In Europe, EBIT grew 11 per cent, reflecting a 4 per cent increase in store numbers, 3.6 per cent comparable-store sales growth and generally improving margins.

    “In particular, health and beauty UK was a major growth contributor with an encouraging comparable store sales growth of 6.5 per cent for the period.”

    In Asia, despite the comparable store sales declining 3.1 per cent, the organic expansion of stores continued with a 15 per cent increase in store numbers against the same period last year, resulting net EBIT growth of 3 per cent in local currencies.

    “Watsons China’s total revenue was flat against the same period last year in local currency against a 17 per cent increase in stores numbers, as comparable store sales growth was negative 8.5 per cent due to weak retail market sentiment and competition from the eCommerce segment.”

    Despite these difficult conditions, EBIT growth was 3 per cent “from well-executed margin and cost management”, the company said.

    “Watsons China will continue to build up and expand its eCommerce platform to compete in the rapidly growing eCommerce segment.”

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  • Twinings enters Myanmar

    Twinings enters Myanmar

    Stephen Twining, a member of the 10th generation of the family that has churned out the premium tea for 310 years, was at the official launch in Myanmar on August 5. He said Myanmar offered a opportunity for high growth, with a large tea-drinking population.

    “Tea is well-loved in Myanmar, so it makes absolute sense for Twinings to be here. I am delighted to experience Myanmar’s unique culture and our shared passion for tea,” he said.

    “Twinings never accepts anything less than perfect. Today, Twinings tea is enjoyed by millions in 116 countries worldwide, including Myanmar.”

    Five labels will be available in the market – Earl Grey, English breakfast, jasmine green tea, pure camomile and pure peppermint.

    Market research was conducted before the official launch and the company decided to award the distribution rights to AB Food |& Beverages and Premium Distribution. The products are now available in supermarkets and gourmet stores in major cities and destinations including Yangon, Mandalay, Nay Pyi Taw, Bagan, Taunggyi, Inle, Ngapali and Mawlamyaing – major destinations for both local and foreign tourists.

    Twining believes that the demand for high-quality tea will rise as the country opens up.

    “We certainly see good prospects here in Myanmar. We will be targeting top hotels. I know Myanmar received nearly 5 million tourists last year. That is also expected to grow a great deal in the coming years. And we will also be looking to partner with supermarkets,” he said.

    Twining said the company would focus on maintaining quality rather than thinking about competition. He believes in taking early-bird advantages.

    “I think we are the first premium fine-quality tea company here. And we will continue to actively promote ourselves. We are working with our retail partners to reach everywhere” in Myanmar, he said.

    Twinings will open a tea parlour in Myanmar in the years to come, as it did in Bangkok.

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  • New Look to expand China network

    New Look to expand China network

    Fast fashion retailer New Look is to expand its China store network.

    And while the UK retailer has modest aspirations in terms of store numbers – just 25 globally over five years – it is increasing its focus on menswear. Some of the new stores slated to open in China and France within the next 12 months will stock only men’s clothing.

    New Look is experiencing “exceptional growth” in China, since its debut there early in 2015, according to UK news channel Retail Gazette.

    The first standalone menswear store opened less than a year ago and customers of the previously womenswear brand have taken to its style and range.

    New Look has not broken down the figures by market as to where the new stores will open.

  • Shell Malaysia to open dozens of new stations to keep market lead

    Shell Malaysia to open dozens of new stations to keep market lead

    Shell Malaysia Trading Sdn Bhd plans to open more than 20 new petrol stations to maintain its leadership in the retail fuel market in the country.

    About a third of these stations, according to theedgemarkets.com quoting Shell managing director Datuk Azman Ismail, have already been opened.

    Shell Malaysia is the number one fuel retailer in terms of market share and operates more than 900 stations nationwide.

    Apart from quantity, the company also strives to improve the quality of its services with the launch of ‘Welcome to Shell’ campaign, a three-year transformational program which aims to make the oil company the benchmark for hospitality on Malaysian roads.

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  • Muji’s next bet is Southeast Asia, India with stores offering more than shopping

    Muji’s next bet is Southeast Asia, India with stores offering more than shopping

    Japan’s Ryohin Keikaku, operator of lifestyle retail store Muji, plans to introduce more in-store services and new concept stores in Southeast Asia, as consumers in the region gain more spending power and their spending habits become increasingly sophisticated.

    Satoru Matsuzaki, president of Ryohin Keikaku, told Nikkei Asian Review on Thursday that the company hopes to introduce “Muji Books” space, where curated books on themes such as fashion and interior design will be sold alongside Muji products, in its flagship outlet opening in Singapore next year.

    The new store will be the company’s largest outlet in Southeast Asia, and will serve as a showcase to introduce new in-store services in the region, such as home decor consultation, fashion styling and tasting events for new food products.

    The company just opened its 10th store in Singapore on Thursday. The 1,000 sq. meter outlet is the second in Singapore to house “Muji Cafe&Meal,” an eat-in space serving healthy meals and desserts. “We want to take this concept to other parts of Southeast Asia, such as Kuala Lumpur,” said Matsuzaki.

    The idea is to create a new retail experience to grasp the hearts of young consumers and gain a solid foothold in Southeast Asia’s retail scene. “Foreign brands come and go at a fast pace in Singapore,” Matsuzaki said.

    But he remained confident that there is a growing demand for Muji’s simple products as consumers in the region shift away from spending a fortune on luxury brands just to show off. “Consumers in this region are spending more on good-quality everyday items to enrich their everyday lives, and Muji can serve this need,” Matsuzaki said.

    Ryohin Keikaku’s Asia strategy has so far been centered around China, where the company plans to have 200 stores by the end of the year. While high-end brands are suffering from sluggish demand amid the economic slowdown, Muji stores in China have seen steady sales growth. The company has already has introduced Muji Books and cafes in China to cater to the changing consumer behavior.

    The company’s next bet is in Southeast Asia, where it runs a total of 38 stores in Singapore, Malaysia, Indonesia, Thailand and the Philippines. Southeast Asia’s store sales in the first six months of 2016 on an existing store basis logged double-digit growth year on year, faster than its growth rate in China. Stores in Singapore and Thailand are leading the pack.

    The company aims to open about two stores every year in each market in Southeast Asia, and is currently planning to enter Vietnam by the summer of 2017. A new store in Mumbai is set to open on Aug. 5, marking Muji’s first entry into India, followed by another store in Bangalore in September.

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  • Tim Hortons plans expansion into Southeast Asia starting with the Philippines

    Tim Hortons plans expansion into Southeast Asia starting with the Philippines

    People craving a jolt of caffeine in the Philippines may soon be able to order a double-double at their local Tim Hortons.

    Restaurant Brands International, the multinational owner and operator of Tim Hortons and Burger King, said Thursday it has partnered with a group of investors to establish a master franchise joint venture company to sell the fast-food chain’s coffee and doughnuts in the Southeast Asian country.

    RBI chose the Philippines for its first stop in Southeast Asia because the country has a strong economy and a fast-growing quick-service market, said CEO Daniel Schwartz.

    The Philippines also boasts “a population that has an affinity for coffee and baked goods,” Schwartz added, including those of Tim Hortons’s, the company determined after months of market research.

    RBI didn’t say how many shops it plans to open in the Philippines. But chief financial officer Joshua Kobza said, “We aim to be a leader in the market.”

    Kobza hinted Tim Hortons would aim to match the level of some of its rivals in the local market — many of which boast hundreds of restaurants in the country, he said.

    The stores will serve many of the same staples as Canadian locations, like Timbits and iced capps, as well as some surprises, he added.

    “You’ll have a mix of the kind of products that we know and love here in Canada and some new products.”

    But details about any new offerings likely won’t be divulged until the first Philippines location opens, which Kobza and Schwartz said will open as soon as possible.

    RBI views Tim Hortons’z expansion to the Philippines as a gateway into other markets within the sub-region and other parts of the continent, noted Schwartz.

    Since Tim Hortons and Burger King merged into RBI in late 2014, the company’s been focused on taking the master franchise joint venture model that’s proved successful for Burger King and applying it to help Tim Hortons grow globally.

    “We think it’s a great opportunity,” Schwartz said.

    More international expansion announcements are expected from the company in the future, but all Schwartz will say is, “Stay tuned.”

    The restaurant chain has 4,438 restaurants, not including its 411 limited-service kiosks, as of March 31, 2016, the company’s latest quarterly report said.

    According to Tim Hortons’s 2015 annual report (when it had 25 fewer locations), the majority of those stores are in Canada, with 14.7 per cent in the U.S. and 2.6 per cent in the Middle East.

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  • Apple makes significant progress on its first retail store in Singapore

    Apple makes significant progress on its first retail store in Singapore

    Apple’s first retail store in Singapore appears to be progressing nicely, with new photos obtained by MacRumors proving that the construction of the store’s glass facade and canopy is now well underway. Apple confirmed in November 2015 that its first-ever store in the Southeast Asia city-state will be powered by hundred percent renewable energy, but did not provide a timeframe for the opening.

    The store location has been under renovation since earlier this year.

    Apple Store coming to Singapore

    The outlet is located in Singapore’s four-story Knightsbridge luxury shopping center.

    Fitness chain Pure Fitness and four other stores inside the Knightsbridge center are set to close next month to make way for an Apple store. In November 2015, Apple posted job listings seeking various positions for the Singaporean store as the company’s retail boss Angela Ahrendts told TechCrunch the following:

    We have more than 900 incredible employees working in our Singapore contact center and are thrilled to begin hiring the team that will open our first Apple Store in Singapore—an incredible international city and shopping destination. We can’t wait to deliver the service, education and entertainment that is loved by Apple customers around the world.

    “The project allegedly has an expected completion date of October 31, 2016, suggesting that the store could open as early as November,” notes the article.

    Apple store Singapore construction

    As per Reuters in November 2015, solar energy developer Sunseap Group will provide Apple with 100 percent renewable electricity from its solar energy systems built atop more than 800 buildings in Singapore, made possible through financing from Apple.

    “The deal will make Apple the first company in Singapore to run exclusively on renewable energy and marks a significant step in its bid to power 100 percent of its facilities and operations worldwide with clean fuel,” as per Reuters.

    Apple’s retail push in Latin America

    As reported, Apple’s retail push in Latin America has just begun with its first store in Mexico City’s Via Santa Fe now being constructed and additional outlets being planned in Guadalajara and Monterrey.

    Apple Stores may be also coming to Chile, Peru and Argentina, as per sources.

    Source: MacRumors

  • Official debut for Fred Perry Vietnam

    Official debut for Fred Perry Vietnam

    Tennis-inspired clothing brand Fred Perry is to open its first official store in Vietnam this month.

    The subcultural fashion line announced last week on its Fred Perry Vietnam Facebook page that the new store will be located on Level 3 of the refurbished and expanded Saigon Center in District 1. The centre, which includes Japanese department store Takashimaya, will open on July 30 and fitout of the Fred Perry store is expected to be completed in time.

    fred perry vietnam

    Alongside the success of crossing from sportswear to streetwear fashion, the brand has a subcultural music appeal internationally. To celebrate the official opening of the first Fred Perry Vietnam shop, a live party will be held on Friday, August 5 at Piu Piu Bar.

    Fred Perry is a clothing line founded by the Wimbledon champion Fred Perry in 1952, and become popular internationally since. The brand is now owned by Japan-based company Hit Union.

    In Vietnam, the brand is famous for its shoes and classic polo shirts. The official arrival of Fred Perry in Vietnam will come as great news for Vietnamese fans. For years, they have shopped “laurel wreath” products online and through hand-carried importation services – always with a high chance of ending up with fake merchandise.

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  • Award-winning Singaporean jewellery brand expands to Hong Kong

    Award-winning Singaporean jewellery brand expands to Hong Kong

    Singaporean contemporary jewellery brand Luvenus Jewellery announced today (July 26) that it has opened its first overseas outlet at Hong Kong International Airport to showcase its designs to the millions of travellers that pass through the airport each year.

    Launched in 2012, Luvenus is an award-winning company specialising in pure 22-karat and 24-karat gold jewellery with diverse and unique product designs. It also carries a collection of fully certified diamond jewellery, said the Managing Director, Mr Parthiban Murugaiyan.

    He said that the newly opened store at Hong Kong International Airport is the brand’s fourth outlet worldwide and first outside Singapore. Luvenus has been recognised for its quality service and has received several awards from Singapore’s Changi Airport.

    “Hong Kong is a major tourist and business travel destination for both Mainland and international visitors. Having a retail outlet at Hong Kong International Airport is part of our strategic plan for expansion into the Mainland. We will be using Hong Kong as our regional base from which to grow our business and better serve the needs of our customers,” he added. Luvenus Jewellery hopes to expand further in Hong Kong and the Mainland market and would consider various models including franchising.

    Associate Director-General of Investment Promotion Dr Jimmy Chiang said, “Hong Kong International Airport is one of the world’s busiest airports in terms of international passenger traffic. It is an excellent showcase for retailers. I wish Luvenus Jewellery every success in our city and look forward to its continued expansion from Hong Kong.”

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  • Fast food giant eyes Jollibee China expansion

    Fast food giant eyes Jollibee China expansion

    Philippine fastfood giant Jollibee Foods Corp is keen to expand its footprint in China.

    Jollibee China is likely to add 20 to 40 new stores to its 400 outlets, according to Jollbee CEO Ernestro Tanmantiong. He said the company continues to target 5 to 10 per cent growth in stores.

    “We are exploring acquisitions. Our focus is on food service,” he said, adding that the company had acquired a commissary to support its business.

    Early this year, Jollibee Foods took over a food manufacturing facility that services Yonghe King, a famous non-Western restaurant in China.

    Asked about the recent international ruling on the West Philippine Sea and its impact on the business, Tanmantiong said the company thinks the ongoing dispute is unlikely to hurt the company’s operations in China.

    “I think the move of the government to employ diplomacy is the best way to settle the differences. It is the best solution,” Tanmantiong said.

    “Our vision in the future is to achieve a 50-50 ratio of international versus Philippines. Today, it’s 80 per cent Philippines and 20 per cent international. We hope to achieve a 50-50 ratio but it doesn’t mean we are slowing down in the Philippines,” he said.

  • SMI helping launch Ippudo in Myanmar

    SMI helping launch Ippudo in Myanmar

    Singapore Myanmar Investco (SMI) will launch Japanese ramen restaurant chain Ippudo in Myanmar early next year.

    Brand owner Chikaranomoto Holdings will provide training programs for SMI to set up and run the Myanmar restaurants.

    ippudo outside

    “We see abundant growth opportunities within the F&B retail market in Myanmar, and the time is ripe for us to introduce the Ippudo brand and cuisine to the growing middle class,” says SMI president/CEO Mark Bedingham.

    SMI, which is involved in consumer products and services in Myanmar, is looking to invest in retail and F&B over the next three years. It has also signed a franchise agreement with restaurant group Crystal Jade and The Coffee Bean and Tea Leaf.

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  • Eagle Gates Group plans Asia expansion

    Eagle Gates Group plans Asia expansion

    Eagle Gates Group plans to further expand its Asian retail business in the next five years. Eddy McClough, chief executive officer at Eagle Gates Group, says the group will continue to look at retail opportunities in Asia, with possible plans to establish new offices in the region.

    Eagle Gates Group’s history spans almost a decade and through careful stewardship and intelligent investment, the group has expanded to become one of the leading financial services groups across America and Europe.

    Eddy is positive about the outlook for the Asian market.

    “I see tremendous growth opportunities in the Asia Pacific region, especially the likes of China and Thailand. A number of partnership discussions are already underway. The foray into the Asian market reflects our commitment to growing the global footprint of Eagle Gates Group and gives us access to such an important investment market,” he said.

    Eagle Gates Group provides exchange traded funds and other products investing in indices, infrastructure and real estate. Eagle Gates Group also serves institutional investors who need to invest insurance or pension funds.

    In Asia, Eagle Gates Group has a Tokyo office which has been operational since 2013 but Eddy admitted its Asia business should be bigger.

    “The business in Asia Pacific now represents only single digits of our global business asset size. We are targeting a double digit in the next five years. Asia has a young population and a growing segment of wealthy individuals which would support future growth for the asset management industry,” he said.

    SOURCE Eagle Gates Group