Tag: group

  • Cotton On Group launches in India

    Cotton On Group launches in India

    One of Australia’s largest fashion retailers, Cotton On Group, is launching in India, with a first flagship store scheduled to open in the second half of next year.

    In advance of the company’s physical stores, Cotton On will sell fashion products online on the Myntra platform, in a move seen as a challenge to Sweden’s H&M and california’s Forever 21.

    The first flagship store will open in either Delhi or Mumbai in the third or fourth quarter of next year.

    Cotton On’s local partner is AVS Global Network, which has reportedly secured an 18-month exclusive contract to sell fashion on Flipkart, Myntra and Jabong.

    “About 77 per cent of online fashion brand consumers use either Flipkart, Myntra or Jabong to shop, as they have a high brand-recall value,” said AVS cofounder Sumanto Das. “This is why we thought it would be wise to introduce Cotton On to India through these platforms.”

    Cotton On Group, which owns the namesake brand along with Factorie, Ruby (shoes), Typo (stationery), Supre and Lost, was founded in 1991. It has already expanded into Singapore, Hong Kong, South Africa and New Zealand, among other markets with about 1500 stores worldwide.

  • Liquid Group partners Changi Airport to roll out world’s first integrated QR Platform

    Liquid Group partners Changi Airport to roll out world’s first integrated QR Platform

    Liquid Group is pleased to announce today that it has entered into an agreement with Changi Airport Group to roll out the integrated acceptance of multiple major QR payment apps by merchants located across all four terminals at Changi Airport.

    The integrated payment platform by Liquid Group will allow retailers at Changi Airport to accept e-wallets such as GrabPay, Liquid Pay, Singtel Dash, Ezi Wallet and PayNow QR bank payment apps, as well as international payment app partners such as WeChat Pay, UnionPay and Alipay.

    Liquid Group’s payment platform will roll out a unified point-of-sales (POS) for QR payments that enable merchants to accept multiple local and international QR payment apps using a single device. Furthermore, with a standardized merchant workflow, participating Changi Airport retailers can accept multiple QR payment apps without additional infrastructure, integration or cashier training when Liquid Group and Changi Airport expand the network to include additional local, overseas and card scheme QR payment apps.

    The platform also enables Changi Airport to launch multiple marketing campaigns with participating payment apps without the need for additional cashier training or verification during checkout.  This provides for a frictionless user experience.

    “Changi Airport strives to continually enhance our passenger’s shopping experience. With the rise in QR payments, launching Liquid Group’s unified QR payment platform not only provides a frictionless payment experience, it will also provide more partnership opportunities with local and overseas e-wallet issuers. In addition, the unified QR payment platform will improve our tenant’s productivity in the areas of staff training, reporting and settlement for QR payments. We are pleased to partner Liquid Group to introduce this convenient payment option at Changi Airport.” – Ms Teo Chew Hoon, Group Senior Vice President at Changi Airport Group

    “Alipay welcomes this initiative and looks forward to further improving the user experience for our consumers at Changi Airport.” – Ms Cherry Huang, General Manager, Alipay South & South East Asia

    “At Grab, we are about providing real choices and more convenience to our customers. As travel gets bigger in Southeast Asia, we are pleased to have GrabPay accepted at all merchants in Changi Airport. Our users from across the region who are already using GrabPay to pay for their transport, food and other daily needs, can now enjoy the same seamless payment experience at the airport and have more opportunities to accumulate GrabRewards points for perks and benefits.” – Mr Gary Wong, Head of GrabPay Singapore

    Changi is the world’s seventh busiest airport for international traffic with over 65 million passenger movements. With the rapid proliferation of QR mobile payment apps across ASEAN, North Asia and South Asia, Liquid Group’s payment platform will enable Changi Airport to spearhead the seamless acceptance of such apps and offer deals to shoppers from different countries.  Retailers and consumers can look forward to an exciting and innovative e-payment journey ahead at Changi Airport.

    This is also in line with the Government’s Smart Nation objective to provide an open, accessible and interoperable national e-payment infrastructure, as well as the adoption of SGQR as the single, standardised QR code for e-payments in Singapore.

    “As one of the world’s leading airports, WeChat Pay is both excited and proud to be part of Changi Airport’s efforts to enhance its merchants’ payment experience. We believe this initiative will help Changi’s merchants gain greater access to the billion users that are active on the WeChat platform” – Team of WeChat Pay, Southeast Asia

    “We’re excited to have Dash accepted at the many merchants in Changi Airport, bringing even more dining and retail choices to our customers. This is an especially perfect fit for us, as we continue to expand our VIA cross-border mobile payment alliance and connect more merchants to travellers. Overseas customers that are part of VIA would be able to enjoy the ease, familiarity and convenience of using their local wallets at Changi Airport, greatly enhancing their retail experience.” – Mr Gilbert Chuah, Head of mCommerce at Singtel

    “The use of QR Code for payments is gaining momentum in Singapore and all across Asia. According to The Future of Payments Study conducted by UnionPay International and Nielsen last year, QR was the most widely-adopted mobile payment method among Singapore consumers, with two-thirds of Singaporeans having used it at least once in the past three months. With the integrated QR and Marketing Platform for merchants at all Changi Airport terminals, we believe that more travellers and Singaporeans alike will get to enjoy greater convenience and ease of payments with UnionPay QR Code, to further heighten their shopping experience at the world’s best airport.” – Mr Wenhui Yang, General Manager, UnionPay International South East Asia

    Jeremy Tan, Founder and CEO of Liquid Group, said: “Promoting the interoperability of mobile payment services is a fundamental part of advancing a cashless society. We are delighted to roll out the largest open QR payment platform at Changi Airport, which provides a unified point-of-sale for the wide range of QR payment apps available. Our vision is to expand this network across the region and create a cross-border platform to facilitate large-scale QR payment transactions and accelerate the adoption of QR payment apps.”

    The roll-out of the new payment platform will be in phases, with the first phase slated to commence in the 1st half of 2019.

  • Malaysia’s KIP Group plans a few new malls

    Malaysia’s KIP Group plans a few new malls

    Malaysia’s KIP Group will establish three new malls within the coming three years, according to CEO Valerie Ong.

    The new locations in Raub, Kuantan and Sungai Petani will involve RM150 million (US$36.7 million) in gross development costs and cater to middle-mass-market demand. They are being located in growing markets where consumers still prefer physical buying over online purchases.

    “This means we will have a total of 12 shopping malls in our portfolio, including the six properties that had been injected to our listed entity, KIP Reit”, Ong said at the launch of the firm’s ninth shopping mall at Desa Coalfield Sungai Buloh.

    KIP Griup’s portfolio includes a shopping mall in Bangi and five KIP Marts in Tampoi, Kota Tinggi, Masai, Senawang and Malacca. It has also acquired Aeon Mall Kinta City, Ipoh in a RM208 million ($50.9 million) deal.

    According to Ong, Malaysia’s retail sector is expected to grow by 4.5 per cent to RM109 billion this year. She added that the Desa Coalfield mall has already achieved an 80 per cent occupancy rate in advance of its scheduled opening later this year.

  • New stores boost sales for Sheng Siong Group

    New stores boost sales for Sheng Siong Group

    Singapore supermarket chain Sheng Siong Group has reported a 1.4 per cent year-on-year rise in net profit to S$70.5 million for 2018. Revenue, gross profit and gross margin all improved in both the final quarter and full year, but they were offset by a reduction in other income and higher operating expenses. Government statistics show sales in supermarkets across the city state shrank during the year, but Sheng Siong Group said it was able to mitigate that with new stores, its revenue rising 7.4 per cent for the year.

    The company’s gross margin increased to 26.8 per cent, from 26.2 per cent, mainly because of better buying prices, higher rebates from suppliers for special promotions and volume discounts, improvement in efficiency in the central distribution centre and higher mix of fresh versus non-fresh offerings.

    In a statement, Sheng Siong Group said it expects competition in Singapore’s supermarket industry to remain keen, “exacerbated by the proliferation of new supermarkets in HDB residential areas, as well as the push by new and existing e-commerce players for market share”.

    The group will continue to look for new retail spaces in new and existing HDB housing estates, particularly in estates where there is no presence. It has delayed a planned expansion of its central warehouse, which is now likely to be completed about mid year.

    The company’s store in Kunming, China, which opened in November 2017, recorded a loss of $700,000 last year.  It has has leased a site for a second supermarket in the city and hopes this will commence trading in the third quarter

    “Our store expansion plans have been well on track where we have opened 10 new stores during the year, bringing our total store count to 54 and expanding our total retail area to 496,200sqft,” said CEO Lim Hock Chee.

    “Going ahead, we remain on the lookout for new retail opportunities, especially in areas where we do not have a presence. Besides nurturing the growth of our new stores in Singapore and China, we will continue with our efforts in enhancing the gross margin via more efficiency gains in the supply chain and higher sales mix of fresh produce. We will remain vigilant on costs.”

  • LuLu Group opens first Build-A-Bear store in India

    LuLu Group opens first Build-A-Bear store in India

    LuLu Group International’s retail arm Tablez has launched the first Build-A-Bear store in India. The American personalised, experiential toy-retail brand is now available at Toys R Us in Phoenix Marketcity, Bangalore. Selling customised stuffed toys, the firm aims to reach 9 million sales in the top 15 cities in India within five years out of standalone stores and Toys R Us shop-in-shop formats.

    “The Build-A-Bear concept is a one-of-a-kind retail experience, and we are thrilled to open the first store in Bangalore,” said Tablez MD Adeeb Ahamed. “Build-A-Bear is synonymous with creativity and novelty for children. I am sure that each child that enters our store will cherish their experience and leave with an indelible memory.

    “From standalone stores to shop-in-shop formats, Build-A-Bear is ready to reach out to families and kids in India and help loved ones create memories and spend more time together. We plan to open 20 standalone stores of Build-A-Bear across key cities in India over the next 10 years, along with shop-in-shop formats across all our Toys R Us stores as well,” he said.

    The Build-A-Bear brand is best known for its “Choose Me” wall, from which each guest can choose an unstuffed animal to bring to life. It has close to 500 stores globally.

  • LG Chem picks first CEO from outside group

    LG Chem picks first CEO from outside group

    LG Chem said Friday it nominated Shin Hak-cheol, vice chair and executive vice president of 3M, as its new head. It is the first time the chemical company hired a chief executive from outside the company since its foundation in 1947. Current LG Chem CEO Park Jin-su climbed the ladder during his 42-year career at the company.

    LG Chem said it has been looking for a person who can systemize global business operations as overseas production and marketing of lithium-ion batteries has increased along with demand for electric cars.

    “Shin has gained global perspective and experience in operating a global materials and components business,” LG Chem said in statement. “He is the right person capable of responding to a rapidly changing business environment and bringing change in corporate culture and structure.”

    Shin started at 3M Korea in 1984 as a technical supervisor and then joined 3M Philippines in 1995 as its managing director. In 2011, he was named executive vice president of 3M International Operations, becoming the first Korean to lead 3M’s overseas businesses, LG Chem said.

    His most recent role at 3M was leading global teams, including the research and development, strategy and business development and business transformation teams, as vice chair and executive vice president at the 3M headquarters in Saint Paul, Minnesota.

    Shin will begin commute to work and be officially inaugurated as the chief executive during the shareholders meeting in March.

    Park will retire as Shin is inaugurated, but the exact date has not been announced yet. The company grew into a 28 trillion won ($24.8 billion) company under Park. In 2011, it posted around 22.6 trillion won in sales.

    Industry analysts say this may be the beginning of a major transformation at LG under the leadership of 40-year-old Chairman Koo Kwang-mo.

  • Mulberry Group looking for a JV Parter in Korea

    Mulberry Group looking for a JV Parter in Korea

    Despite a profit decline for its latest year, UK luxury leathergoods company Mulberry Group plans to form a JV to develop its business in South Korea.

    It says it has signed an agreement with SHK Holdings to form Mulberry (Korea) Co. It will own 60 per cent of the new entity and the two companies will invest £4.6 million (US$6.1 million) to buy assets and to develop the business in South Korea.

    Mulberry last year had plans to launch an equal-share JV with another company as well as plans to launch into Hong Kong.

    Meanwhile, for the financial year to March 31, Mulberry made a profit of £6.9 million, down from £7.5 million the year earlier.

    Revenue rose 1 per cent to £169.7 million, it said. Retail sales grew 3 per cent, with UK sales broadly flat and international sales up 20 per cent. Digital sales grew 14 per cent, making up to 17 per cent of group revenue, the company said.

    For current trading, Mulberry says retail like-for-like sales fell 7 per cent in the 10 weeks to June 2 with international sales up 1 per cent. However, UK sales were down 9 per cent because of lower footfall.

  • Fast Retailing Group’s profit soars despite efforts

    Fast Retailing Group’s profit soars despite efforts

    Fast Retailing Group’s profit soared 30.5 per cent in the six months to the end of February – on sales up a healthy 16.6 per cent.

    The Japanese fast-fashion company, which owns Uniqlo and GU, among other brands, said consolidated revenue totalled ¥1.1867 trillion (US$11.05 billion) while operating profit reached ¥170.4 billion (US$1.587 billion).

    Uniqlo’s international business drove the growth, with both Uniqlo Japan and the fast-growing GU brand performing strongly as well.

    As it pursues its medium-term vision to become the world’s largest apparel retailer, the company is focusing on Uniqlo and GU. It sees opening global flagships and large-format stores in major cities around the world as a key strategy “to help consolidate Uniqlo’s position as a key global brand”.

    “Within the Uniqlo International segment, Greater China (Mainland China, Hong Kong and Taiwan), Southeast Asia and South Korea are entering a new stage of growth as the key drivers of operational growth for the Fast Retailing Group,” the company said in an earnings statement.

    Operating losses at Uniqlo USA contracted, putting that business on track to turn a profit going forward.

    “In terms of the GU operation, we plan to open more GU stores in Japan, while expanding the brand’s international presence, especially in Greater China.”

    Uniqlo’s domestic Japanese operation also achieved an increase in sales and profit in the first half year. Revenue totalled ¥493.6 billion (up 8.5 per cent) and operating profit ¥88.7 billion (up 29 per cent). In the six months to February 28, same-store sales, including online sales, expanded by 8.4 per cent year-on-year. Online sales increased 31.6 per cent to constitute 7.5 per cent of total revenue.

    Uniqlo International’s profitability improved in Greater China and South Korea on higher sales, driven by strong sales of winter ranges such as HeatTech and down. Uniqlo Southeast Asia and Oceania continued to generate a strong performance, with solid demand for summer clothing and firm demand from travellers for winter clothing resulting in significantly higher first-half revenue and profit.

  • Catch spends millions on trust play

    Catch spends millions on trust play

    Catch Group’s first foray into the world of TV advertising has cost the e-commerce company millions, as it looks to bolster its brand awareness ahead of the imminent arrival of Amazon.

    It’s first TV campaign, which has been airing for two-weeks, is part of a long-term marketing play to first establish Catch’s new marketplace image in the local market before beginning to communicate price and range later down the line.

    Catch Group’s head of marketing, Ryan Gracie, told that the campaign was initially designed alongside the company’s re-brand to drive awareness and begin building trust – something pureplay retailers have struggled with in recent years.

    “Building a brand online is very hard and you have to really take yourself above the line if you want to be a trusted, credible brand,” Gracie said.

    “We’re a pureplay, we don’t exist physically so it’s important for us to exist on these other channels.”

    Gracie was unable to say what the return looks like so far, but said a decision was taken by management on TV knowing that assessing the benefits wouldn’t be clear cut.

    “The hard costs of the media spend is a major inhibitor, because you can’t explicitly measure the impact of it,” he said.

    “What do you get when you advertise on TV? You get a warm and fuzzy feeling, but you have to trust it’s going to work.”

    The ads themselves depict Australians in various scenarios screaming “catch” – in line with the company’s “screaming good deals” philosophy.

    Catch is investing in marketing on both sides of the market at the moment, having also stepped up its B2B marketing since its brand relaunch to encourage more suppliers to jump on its platform.

    Catch Group co-founder Gabby Leibovich told sister site Internet Retailing in August that more than 200 brands have signed up to the marketplace, with 25,000 new SKUs recently added across several new categories.

    Nati Harpaz, CEO of Catch Group, is the chairman of Octomedia, Inside Retail’s parent company.

  • Thailand’s Central Group to invest $512 million in Vietnam

    Thailand’s Central Group to invest $512 million in Vietnam

    Thailand’s Central Group has revealed plans to invest US$512 million in Vietnam over the next five years, to expand its retail operations.

    The company, which has acquired local businesses and is introducing its own Thai retail banners into the fast-growing market, is aiming to achieve sales growth of between 20 and 30 per cent annually there. It already has 160 outlets, including Robins department stores and the Big C hypermarket chain, the latter of which recorded 11 per cent sales growth in July.

    Central Group believes its Vietnam sales can reach 35 billion baht (US$1.05 billion) in 2017.

    Central Group Vietnam CEO Philippe Broianigo says the investment will be especially focused on food and electronics. Shopping malls, stationery shops, hotel management and wholesaling will also be nurtured.

    In early 2013, Central acquired a 49 per cent share of local electronics retailer Nguyen Kim and Central Group CEO Tos Chirathivat says there are plans to open a further 30 branches of the chain this year alone.

    Next year, Central will open 20 branches of Big C and its wholesale sister company Lanchi Mart.

    Tos was speaking at the second Vietnamese Goods Week in Thailand, aimed at promoting international business and trade opportunities in Bangkok.

    “We will continue to expand our business in Vietnam because of the country’s strong potential as an emerging market with high GDP growth,” Tos said.

    “Vietnam and Europe are our investment priorities. We are interested in building our own hotel in Ho Chi Minh City in the future.” The hotel would have between 200 and 500 rooms.

  • Lippo explores investment possibilities in border with Timor Leste

    Lippo explores investment possibilities in border with Timor Leste

    Lippo Group is exploring investment possibilities in the eastern province of Nusa Tenggara, which borders Timor Leste, to generate development and improve living standards in the region.

    “Increased investments in the border region is very important as it can help to improve the welfare of the local population. We are now studying the regions investment potential,” said Lippo Group President Theo L Sambuaga on Saturday (Jan. 21).

    He added that explorations to see if the region had any investment potential would be done in the districts of Timor Tengah Utara, Belu and Malaka.

    Businesses under the Lippo Group include those in education, health and the retail sector.

    Sambuaga stated there are possibilities of establishing a world-class health service, as well as a BPJS (government-subsidized health insurance scheme) scheme for poor people that live along the border region.

    With regards to the education sector, he added that Lippo are planning to provide scholarships for promising university students from the region.

    “We have already offered scholarships to students at State Timor University (Unimor) in Kafemenanu totaling Rp150 million, this was announced to the university on Friday,” he said.

    The Lippo Group also has an education division that was involved in the building of 340 schools across the country, as well as a health division that has built several general hospitals.

    “We have one hospital in East Nusa Tenggara province and also one in Kupang and another one in Labuan Bajo. We are still exploring the possibilities of building others in the border regions, such as in Timor Tengah Utara and Belu,” said Sambuaga.

    With regards to the retail sector, Lippo Group includes a chain of Hypermarts and Matahari Department Stores, which they claim to be a boost for local economies.

    Its chain of Hypermarts are located across the region, totaling up to 120 stores. There is also a possibility that the company may set up more in Kafemenanu in Timor Tengah Utara or Atambua in the Belu district. The group also has 150 department stores across the country.

    “The investment possibilities are there in view of our capacity, in addition to the positive impact our investments will bring for the development of the welfare of the people in the border region,” added Sambuaga.

    As one of its major stakeholders, he also stated that the Indonesian government shares the same level of responsibility with Lippo in improving the welfare of the local people.

    “This is about shared responsibility and I hope that this could motivate other parties to join our efforts. Cooperation between the government and the public is a must,” he said.

  • Bata: Shoemaker to the world

    Bata: Shoemaker to the world

    IT’S inevitable that the world’s first family in footwear, Bata, would partner with the Philippines’s premier retail family, the Sys of the SM Group.

    “First of all, their whole philosophy is business, their heritage coming from footwear. It’s particularly strong. Also, we have a friendship with the SM Group and the Sy family going on for some time. All these make them great partners, and we never hesitated. They were the only partner we were interested to work with in the Philippines,” Thomas Archer Bata said at the launch of the first Bata store in the Philippines, which can be found at the third floor of SM Megamall Building B.

    Ambassador; Bubblegummers; and Valtina Prima Ballerina

    The Bata Shoe Co., which is the biggest in the world, originated in Zlin, in what is now the Czech Republic, on September 21, 1894. It was founded by Tomás Bat’a. His son, Thomas J., propelled the company to greater profitability after suffering losses in World War II. The grandson, Thomas George, is currently in the management board with his sisters Christine, Monica and Rosemarie. Thomas Archer (who will be referred to as Mr. Bata from hereon in the article), the chief marketing officer, belongs to the fourth generation of cousins who add vigor and vitality to the company.

    Bata has 5,000 retail outlets in 70 countries. In Senegal, Rhodesia and Zimbabwe, Bata became the local name for shoes when in the 1950s, the company conquered the African continent. “Opportunities abound, everyone barefoot,” came one cable from a salesman to headquarters.

    It has a strong presence in Asia, particularly India. It also opened a factory in Thailand in the 1970s. But Bata’s entry into the Philippines came only recently. “To be completely honest, it’s because of legal reasons and legal complications related to our trademark here,” Mr. Bata bared. “It took many, many years to resolve. Fortunately, with the help of SM, we managed to resolve it and we’re back.”

    Mr. Bata, who strikes me as a mix of actors Chris O’Dowd and Aidan Quinn, is quite optimistic about his family’s prospects in the country. “We think our model and our proposal is very interesting. We think it’s fairly unique in the market today. We’re going to tread cautiously. We’re opening [between eight and 15 Bata stores in SM malls in Metro Manila], communicate and try to build our consumer base, teach people about our products. From there, we’ll see where we’re going to go.”

    The Bata business of “responsible capitalism” is guided by a “Moral Testament” left behind by its founder: The company should not be treated as a source of private wealth but, rather, as a public trust, a means of improving living standards within the community and providing customers with good value for their money.

    Bata prices curiously end in the digit 9. “Back over a hundred years ago, it was partially a marketing tactic to make the prices look even more affordable. It has been in our heritage and our blood ever since we started, and it’s just to emphasize the value [of our product],” Mr. Bata explained.

    The company has an “insistence on focusing on the local market not only as a matter of structure and strategy but, rather, as an essential aspect of the Bata brand and philosophy. Shoes always followed culture and climate.” Thus, the Weinbrenner sandals will be a hit for their tropical, outdoorsy appeal, in tune with the penchant of Filipinos who love flip-flops.

    By some quirk, towns with the company’s factories have the Bata name: Batanagar in India, Bataville in France, Bata-Kolonie in Switzerland, Batadorp in the Netherlands, Batapur in Pakistan, Borovo-Bata in Croatia and Batawa in Canada, a play on the capital Ottawa. If a factory were to be built here, it would most likely be in Batangas.

    “Never say never. You know, we have to see what opportunities come up. If we see the opportunity to produce shoes in the Philippines, it could happen,” Mr. Bata said of the possibility of Filipinos becoming “Batamen”, who are of every race, creed and nationality. A lot of the materials to produce the shoes come from Brazil. Italy is the source for premium products. Raw materials also come a little bit from China and India. These are the four main areas where Bata gets its materials from, depending on the shoes that you’re looking for.

    “We are very environment-friendly. Our factories on a yearly basis are audited for their sustainability. We manufacture our own shoes. We actually issue a Sustainability Report every year about the progress we’re making on reducing waste. We’re very lucky in so much, as our founder over a hundred years ago believed in sustainability, in producing as little waste as possible, and that exists till today. We always use environment-friendly materials, suppliers, recyclable papers in our boxes, to make as little negative impact on the environment as we can,” Mr. Bata assured.

    Bata has three creative teams, with the biggest one based in Italy. One is in Toronto, Canada and another in Singapore. “In the Philippines 50 percent of the products come from Italy, 30 percent from Singapore, 20 percent from Canada. Not all brands are here,” Mr. Bata said. “We’re bringing primarily Bata and a little bit of our other brands for the moment. We’re still very much in the learning stage for us, to see what the Filipino consumer likes the most before we commit to specific product ranges.”

    Are they open to designer collaborations? “Yes, absolutely. We’re interested to do that. We’re actually talking to potential partners in the Philippines to work on some collaborative projects.”

    What about celebrity endorsers? “It’s a possibility. We’ll see. We believe the best kind of endorsement is user experience and word-of-mouth. So we tend to focus on ‘loyalizing’ people who come to buy with us more than anything else. I won’t rule it out but for the time being, it’s not on the agenda.”

    Has the company learned that “bata” here means “child”? “Yes, I’ve heard that.” So is there a possibility to have a Bata Children’s Program here? “Very high probability. We actually intend to do that. It’s a big part of our legacy and it’s very important for our family. We have our own schools and, specifically, we focus on the education of young girls. So we’re actually planning and discussing this with SM, how we can roll this, especially in the rural communities in the Philippines.”

    Thomas J. Bata would often wear a different type of shoe on each foot as a way of constantly testing their products. At the launch, his grandson Thomas Archer wore a pair of leather brogues. “These are Bata shoes from our factory in India, in Calcutta. Very comfortable. It’s from the Ambassador line but not yet available in the Philippines, but they will be in a few weeks’ time,” Mr. Bata said with delight.

    Did you also learn how to make shoes? “Yes, I did. My holidays as a child were going to factories, making shoes and visiting stores. I’m lucky I grew up with shoes. I like shoes. Not everybody who grew up in the shoe business actually likes them!”

  • Reliance Group launches dedicated IoT venture

    Reliance Group launches dedicated IoT venture

    Indian conglomerate Reliance Group, parent company of Reliance Communications (RCom), has teamed up with Cisco Jasper to launch a new dedicated IoT venture in the market.

    The new venture, UNLIMIT, will provide enterprise customers throughout India with a service that combines the RCom mobile network with Cisco Jasper’s IoT connectivity management platform.

    As part of the partnership, Cisco will also improve its IoT engineering talent base in India by hiring more expert staff for its Cisco Innovation Center in Bangalore.

    Indian customers seeking to expand their IoT services to new overseas markets will be able to take advantage of Cisco Jasper’s partnerships with operator groups representing more than 120 mobile networks worldwide.

    The new service is also expected to play a key role in supporting the government’s Digital India project, which aims to transform 100 cities across the nation into smart cities.

    “IoT is a critical enabler for India’s growth, and businesses throughout the country are already utilizing its huge potential to help deliver innovative new services to their customers, while reducing cost and increasing revenue,” commented Juergen Hase, CEO of Reliance Group’s Unlimit IoT business group.

    “We are delighted to partner with Cisco Jasper, and this strategic partnership will strengthen the market position of UNLIMIT significantly.”

  • DFS Group, Make-a-Wish and Louis Koo Help Make Superhero Wish Come True

    DFS Group, Make-a-Wish and Louis Koo Help Make Superhero Wish Come True

    DFS Group (DFS), the world’s leading luxury travel retailer, alongside Make-A-Wish (worldwish.org), the world’s largest wish-granting organization, and actor Louis Koo, came together at T Galleria by DFS, Canton Road today to help Yuet-Lun, a 4-year-old boy from Hong Kong with congenital nephrotic syndrome, fulfill his wish of being a superhero. The event, which kicked off DFS’ #GiveJoy campaign in Hong Kong, saw Yuet-Lun transformed into his favorite superhero, fighting crime in T Galleria by DFS with the help of his father and Louis Koo dressed as superheros.

    “DFS is committed to supporting the communities where we live and work, and the holiday season is a particularly important time to give back to those in need,” said Jay Frame, DFS Group’s Vice President Corporate Communications and CSR. “We are thrilled to partner with Make-A-Wish to make Yuet-Lun’s wish come true in Hong Kong and to help grant the wishes of nine other children around the world.”

    Yuet-Lun, dressed as a superhero, arrived with his father at T Galleria by DFS, Canton Road and was greeted by Louis Koo and given a special mission and map to find treasure inside the store to save Hong Kong. As he began his mission, actors posing as thieves jumped out and stole his mission map, requiring Yuet-Lun to fight off the thieves throughout the store in order to complete his mission. After defeating the thieves, Yuet-Lun found the treasure on the third floor of T Galleria by DFS and successfully saved Hong Kong.

    The mission of Make-A-Wish is to grant the wishes of children with life-threatening medical conditions to enrich the human experience with hope, strength and joy. Since its inception in 1980, Make-A-Wish has collectively granted the wishes of more than 380,000 children in nearly 50 countries. Each wish that comes true inspires these seriously ill children to persevere against their illnesses.

    “We are proud to renew our partnership with DFS and its ambassadors this holiday season to help grant even more wishes to deserving children facing critical illnesses,” said Make-A-Wish International President and CEO, Jon Stettner. “We are particularly grateful to DFS and Louis Koo for helping to make Yuet-Lun’s wish come true in Hong Kong. It’s through the support of partners like DFS and its customers around the globe that make these life-changing wishes possible.”

    This is the third year DFS has partnered with Make-A-Wish International and in 2016, DFS will help grant 10 wishes to children like Yuet-Lun in the communities where DFS operates. Donation boxes will also be placed in T Galleria by DFS stores in Hong Kong and Macau for shoppers to make a contribution to Make-A-Wish:

    • T Galleria Beauty by DFS, Hong Kong, Causeway Bay
    • T Galleria by DFS, Hong Kong, Canton Road
    • T Galleria by DFS, Hong Kong, Tsim Sha Tsui East
    • T Galleria by DFS, Macau, City of Dreams
    • T Galleria by DFS, Macau, Shoppes at Four Seasons
    • T Galleria by DFS, Macau, Macau Studio City
    • T Galleria Beauty by DFS, Macau, Galaxy Macau Store

    DFS customers can help grant wishes by following @DFSOfficial and liking posts about Make-A-Wish from @DFSOfficial and other influencers throughout December. For every post that receives 1,000 “likes,” DFS will donate to Make-A-Wish International to help grant up to ten wishes to children around the globe.

  • Two Thai clans stay on Forbes rich list

    Two Thai clans stay on Forbes rich list

    The Chearavanont and Chirathivat families are among the 50 richest Asia families in 2016 as ranked by Forbes Asia magazine. Families in the top five of this year’s list are in businesses that span technology, livestock, real estate and oil and gas, the magazine reported in its latest issue published yesterday. Leading the list for the second year in a row is South Korea’s Lee family, the founder of Samsung Group, with a combined wealth of US$29.6 billion, up from $26.6 billion last year.

    Thailand’s Chearavanont family, which controls the Charoen Pokphand Group (CP Group), rose to second place with US$27.7 billion in wealth, moving up from fourth place and $19.9 billion last year.

    CP Group led by billionaire Dhanin Chearavanont operates various businesses ranging from poultry, telecom and retail under the 7-Eleven convenience chain in Thailand.

    Third-richest are the Ambanis of India’s Reliance Group with a combined net worth of $25.8 billion, followed by the Kwok family of Hong Kong with $25.2 billion, Asia’s richest real estate family. The Lee family from Hong Kong ranks fifth with $24.7 billion.

    The Chirathivat family, which owns giant retail businesses in Thailand under the Central Group, retains the 14th spot with $13.8 billion. Its combined wealth grew from $11.7 billion last year.

    Headed by chief executive Tos Chirathivat, Central Group just restructured its organisation by recruiting professionals to run the group’s operations, including property, trading, food and online, which have combined sales revenue of about 320 billion baht this year.

    Slipping from this year’s list is the Ratanarak family, a Thai clan that controls Bangkok Broadcasting’s Channel 7 and ranked 45th with $3.5 billion in net worth last year.

    The reports notes that Indian families stood out on the 2016 Forbes list of Asia’s richest families, with 17 of the top 50 families hailing from India.

    Many of these Asian families’ conglomerates have worldwide footprints. Collectively, the top 50 families are worth US$519 billion.

    “Sources of Asian wealth are broadening. You can see that among the rich families here, and even within many of the families — no particular sectors of the economy dominate,” said Tim Ferguson, editor of Forbes Asia.

    The minimum net wealth to qualify for the list was $3.4 billion, up from $2.9 billion a year ago.