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Tag: hamley’s

  • Reliance Retail’s Hamleys opens first store in Italy

    Reliance Retail’s Hamleys opens first store in Italy

    Reliance Retail’s Hamleys has opened its first exclusive retail store in Milan, Italy, in partnership with Giochi Preziosi.

    The new 13,300 sq ft toy store is located at Corso Vittorio Emanuele II in Central Milan. Giochi Preziosi secured the exclusive right to operate Hamleys stores in Italy.

    “The finest toy shop in the world is all set to bring its theatrical magic to Italy! We are excited to spread smiles with our expansion and are proud to partner with the Giochi Preziosi Group,” said Sumeet Yadav, CEO at Hamleys Global.

    “The new store launch is timed perfectly with a refreshed store design concept, and we’re eager to weave new unparalleled experiences for children and families.”

    The company will also launch a flagship store in Rome following the opening of the store in Milan, which sells curated toys from popular brands such as Lego, Nerf, and Barbie.

    In addition, Build-A-Bear Workshop said it will open its first location, which will also be operated by Giochi Preziosi, at the new Hamleys store in Milan.

    Build-A-Bear allows its customers to create their custom soft toys.

    “We are thrilled to bring Build-A-Bear to Milan and in a beautiful and historic shopping gallery, where we can serve even more guests from around the world, and be part of creating special memories for them,” said Chris Hurt, COO at Build-A-Bear.

  • Hamleys brand set for shakeup under new owner

    Hamleys brand set for shakeup under new owner

    New Hamleys toy store owner Reliance Industries plans to revamp the brand, according to a report in The Guardian.

    The article reveals that the new owners “have ambitious plans for the toy store” which has been passed “from one absentee foreign owner to another over the past 16 years”. Reliance is currently turning to the US market in the wake of the Toys R Us collapse, having already firmly established the brand in India with more than 100 stores.

    The firm is also planning to revamp its London flagship.

    “We’re not going to put Swarovski chandeliers in, which can cost a lot of money, because that’s not required,” Reliance CEO Darshan Mehta told The Guardian. “You have to be careful not to create something that is intimidating because one of the Hamleys’ secret ingredients has been that it welcomes all and sundry, from the super-rich – someone recently bought a £5000 reindeer – to someone buying a £5 soft toy.”

    “If your proposition is price as the only lever then you will lose the game,” said Mehta. “We are not selling the cheapest toy from a box.”

    Mehta also added that the store revamp has to focus on providing a better experience than online shopping.

    “As a brick-and-mortar retailer I have to stand up to that onslaught,” he said. “People will not remain closeted in their homes. They go out for experiences. A visit to a Hamleys store is an experience.”

  • Hamley’s set to be sold to Indian Toy Retailer

    Hamley’s set to be sold to Indian Toy Retailer

    Toy retailer Hamleys is set to have its fourth owner in 15 years since it was taken private by an Icelandic investor.

    According to multiple Indian news media reports, Reliance Retail is in the final stages of negotiations with China’s C.Banner International, which has been trying to find a buyer since last October, after three years of ownership.

    C.Banner bought the business in 2015 for US$130 million, but has struggled to produce a profit. The company reportedly lost $15.6 million in 2017 on sales down 2.5 per cent to $86.5 million.

    Sources in India are speculating Reliance Retail will pay between $36 and $50 million, representing a substantial loss for C.Banner on exiting the brand.

    Reliance Retail, a subsidiary of the giant Indian conglomerate Reliance Industries, is in acquisition mode as it tries to expand its business by 30 per cent annually for a decade, an ambition on a scale probably only realisable in India right now. As at the end of last year it operated 9907 stores across 6400 Indian cities with a combined retail area of more than 21 million sqft. Its retail licenses and partnerships include Marks & Spencer, Diesel, Steve Madden and Kenneth Cole.

    “Due diligence for the Hamley’s deal is at an advanced stage,” a source told Money Control, itself a subsidiary of Reliance Industries. “Reliance Retail is aggressively pursuing the deal.”

    Reliance Retail is already the Indian licensee of Hamley’s and operates 50 stores under the banner, representing the toy brand’s largest market by store numbers. There are plans to open 150 more.

    Toy retailer Hamley’s was founded in 1760 as Noah’s Ark. It has about 129 stores globally, including a Regent Street, London flagship and stores in China, Germany, Russia, South Africa and the Middle East. A foray into Vietnam in 2015 ended in failure, however the company still sells toys online there.

    If the acquisition proceeds, it will help boost Reliance Retail’s portfolio. “Reliance can scale up Hamley’s business with its capabilities in supply chain management and strong distribution network.”

  • Hamleys Japan in talk for theme park JV

    Hamleys Japan in talk for theme park JV

    Chinese-owned, British headquartered toy store chain Hamleys has entered the Japanese retail market, opening two theme-park styled outlets. Hamleys Japan is targeting 4 million visitors to each store within the first year, with a view to opening 30 stores in the territory over the next five years.

    The new stores have opened in Yokohama (at 32,300sqft) and Fukuoka (at 58,100sqft) in partnership with local video games firm Bandai Namco in a £300 million (US$381.7 million) venture. Each store features around 6000 products on sale and entertainment facilities such as merry-go-rounds, games corners and infant play spaces.

    Hamleys CEO Ralph Cunningham said Japan represents “an exciting and important market” and is key to Hamleys’ continued international growth strategy.

    “We look forward to bringing smiles to the faces of children and families all over Japan and delivering the unique Hamleys in-store experience to this fantastic market.”

  • Hamleys no longer under ownership of China’s C.banner

    Hamleys no longer under ownership of China’s C.banner

    Toy retailer Hamleys looks likely to be sold by Chinese owner C.banner International. The company has launched a strategic review of options for Hamleys’ future after receiving several expressions of interest from would-be buyers. C.banner International has owned Hamley’s for just three years, but the Chinese company has suffered a massive decline in its share price leading to an aborted bid for UK department store House of Fraser.

    At the time the Hong Kong-listed company planned a share issue to raise funds to acquire House of Fraser, it expected to receive between HK$2.40 and $3 per share. In August, when it dropped the plan, its shares were trading at 71 cents and today they are trading at just 56 cents each.

    The prospective bidders have not been named and talks are at a preliminary stage. C.banner has appointed Vermillion Partners to oversee discussions.

    In the year to December 31, Hamley’s recorded a loss of £12 million, a heavy reversal from a profit the previous year of £2.6 million. Sales fell 2.5 per cent to £66.3 million.

    But the company said it was on track to return to profitability and during the first eight months of this year it achieved 2.7 per cent like-for-like sales growth.

  • Blow for House of Fraser as Chinese firm drops plan to invest

    Blow for House of Fraser as Chinese firm drops plan to invest

    C.banner International has dropped its House of Fraser rescue plan, dealing what some observers in the UK are describing as a potentially fatal blow.

    Hong Kong-listed C.banner, which is the parent of toy retailer Hamleys, had undertaken to invest £150 million into House of Fraser assuming control of the business.

    In June, the deal appeared to be confirmed after creditors of House of Fraser agreed to a Company Voluntary Agreement in which 31 stores would close in the UK and Ireland and 6000 jobs cut. After the downsizing, House of Fraser would have just 28 stores in the UK and Ireland. Creditor approval of the CVA was a pre-condition of C.banner’s investment.

    However in a statement issued to the Hong Kong stock exchange, C.banner has backed out.

    “In view of the fact that the recent market prices of the shares as quoted on the stock exchange have significantly dropped to a level which is far below the placing price range of HK$2.40 to $3.00 per placing share, the company and the placing agent are of the opinion that the placing has been rendered impracticable and inadvisable, and therefore no longer intend to proceed with the placing.”

    C.banner’s share price has fallen to $0.71 since June 1, when it announced the plan.

    Furthermore, C.banner has issued a profit warning, predicting a loss of RMB20 million in the six months to June, compared with a RMB39 million profit for the same period last year.

    Talks with new suitors

    Meanwhile, House of Fraser is now in negotiations with other parties, including Mike Ashley, the owner of Sports Direct, over a rescue bail-out – it needs £50 million rapidly to avoid collapse.

    As reported, the department store group is struggling to pay a quarterly rent bull of nearly £25 million due in late September and to fund the purchase of millions of pounds of stock for the peak Christmas trading period.

    And, subsequent to creditor approval of the CVA, some of the company’s landlords have launched a legal challenge against the planned store closures and rent reductions. While all creditors had a vote on adopting the CVA, it only required a majority of 75 per cent to be carried. The landlords were on the losing side of that vote.

  • Hamleys China opens super store in Xuzhou

    Hamleys China opens super store in Xuzhou

    Hamleys China has opened its second store, covering three levels in Xuzhou Sanpower International Plaza.

    The UK retailer offers more than 1000 SKU in the store, with 80 types of toys from more than 50 brand suppliers. There are also several play zones.

    Covering 10,000sqm, the store can cater more than 50,000 customers a day. It surpasses in size it previous largest store, the Lubyanka Store in Moscow. Hamleys has 114 stores internationally.

    Founded in 1760 with a store on London’s Regent Street, Hamleys is the oldest toy retailer in the UK. It entered the Chinese market in 2015 with a flagship store at the Sanpower International Plaza in Nanjing, with a total floor space of about 7000sqm.

    Xuzhou Hamleys is styled differently, as a traditional British toy kingdom with a wider range of child-related products such as apparel. There are also family experience and entertainment activities.

    On the first floor, the retailer’s best sellers are on display as well as children’s apparel, fashion brands and products with such brands as Ape Kids, Balabala Kids and New Balance.

    Considered the command centre of the store is the Toys Playground on the second floor. It offers Hamleys’ classical brands such as Barbie, Disney Princess, Harry Potter, Lego, Peppa Pig and Transformers.

    On the third floor is the Infants and Creativity Zone. This features The Bath, a swimming area, with educational activities as well as family DIY workshops. There are also child-care services, educational robots, and a painting and baking workshop for children.

    Also on the third floor is a special venue for birthday parties.

    Other activities exclusive to the Xuzhou store include a spiral slide, the Ocean Ball Pool, Water World and a merry-go-round. Nanjing’s Nerf Zone is replicated at the store.

  • C.Banner Announces Hamleys First Flagship Store Open in Nanjing

    C.Banner Announces Hamleys First Flagship Store Open in Nanjing

    C.banner International Holdings Limited (“C.banner” or the “Company”, together with its subsidiaries, the “Group”, HK:1028), a leading international integrated retailer and second largest retailer of mid-to-premium women’s formal and leisure footwear in the PRC, yesterday announced the grand opening of the first Hamleys (a centuries old British toy brand) China flagship store in Nanjing.

    The nearly 7,000 sq.m. store is located at Xinjiekou Sanpower Plaza (Nanjing International Finance Center), providing thousands of high quality traditional to high-tech educational items for children of all ages. In addition to the adorable iconic teddy bears from Hamleys, there are also other toy brand collections. Moreover, Hamleys partners with many world-renowned toy brands, such as Hasbro, Mattel, Lego, and others in this “Toy Museum” outlet.

    While providing high quality toys for children’s playtime fun, Hamleys cares a great deal about children’s mental development. Two special party houses have also been designed and built inside Hamleys’ Nanjing flagship store with a host of different themes to choose from. Their professional team is responsible as well for organising distinctive birthday party events for children, providing games, toys, food, and exclusive birthday cakes and birthday gifts. There are also more than 10 entertainment facilities located from the first to the fourth floor, providing interactive games for children of different ages.

    Facilities like remote car racing and shooting games enhance children’s response sensitivity while augmented reality (AR) games utilising technology and magic let children interact with the latest in virtual reality in areas like the “Water Game Zone”, Creative D.I.Y Workshop and Baby Aesthesia Zone. Hamleys uses the finest quality equipment to stimulate children’s sensory responses, allowing them to experience fun and providing memorable interactive games.

    In 2015, C.banner successfully acquired Hamleys, the centuries old British toy shop. Established in 1760, Hamleys is the oldest toy brand in the UK with a glorious history, well-known brand philosophy and high quality toys. It is a veritable “Magic Kingdom” for kids and adults of all ages. Hamleys now embarks on a new journey in Nanjing, China, with a diversified product range and services provided by creative concepts. Based on the Hamleys brand, the Group will design and build a consumer complex comprising various sections, including children’s entertainment, education, clothing, daily necessities, culture and catering.

    Mr. Chen Yixi, Chairman of C.banner said, “The addition of the Hamleys brand will provide a great boost to continuously enhance our Company’s brand value and realise a strong synergy with our existing business operations allowing us to achieve our global development strategy. The store is intended to serve as a template for future store openings as the Company seeks to replicate the unique Hamleys in-store experience with interactive playtime, events and special demonstrations in other populous cities over the PRC.

    “Next year, the Company plans to roll out more stores in core cities with high populations across China, such as Beijing, Shanghai, Xuzhou, Hangzhou and others. We will also continue to take full advantage of C.banner’s experience in China’s retailing industry and long-term retail network contacts to rapidly expand Hamleys’ business across the mainland. The Group has full confidence in Hamleys’ development in China, and we feel that we are now on the ground floor of greater opportunities ahead. We look forward with great anticipation to achieving strong business growth.”

  • C. Banner details plans to open first flagship Hamleys store in Nanjing, China

    C. Banner details plans to open first flagship Hamleys store in Nanjing, China

    C. Banner International has detailed its plans to open its first Hamleys flagship store in Nanjing, China this October.

    The announcement follows the retail group’s latest 2016 interim results in which it saw revenue and gross profit increase 6.1 per cent and 2.2 per cent respectively.

    C. Banner acquired the iconic toy brand Hamleys last year in a bid to maintain its lead of competitors to become the leading international integrated retailer and the second largest retailer in the world.

    The firm believes that the expansion plans for Hamleys will help the retailer enhance its overall brand value, image and exposure.

    Chen Yixi, chairman of C. Banner, said: “Although the global economy and retail industry remained weak in the first half of 2016, china still recorded a GDP growth of 6.7 per cent.

    “To gain a head start over competitors, we had acquired the Hamleys brand last year, which is one of the most famous toy brands in the world.

    “We are planning to open its first Hamleys flagship store in Nanjing this October and expect the addition of Hamleys brand will provide a great boost to enhance the company’s overall brand value, image and exposure.”

  • Reliance retail business thrives

    Reliance retail business thrives

    Indian retailer Reliance Industries has reported a 50 per cent growth in sales in its consumer electronics category for the quarter to December 31.

    Reliance Retail also consolidated its leadership in the grocery category, optimising its network to enhance profitability. Several private-label products were launched in the grocery and general merchandise categories during the quarter. The contribution of private-label sales to overall sales increased to 14.6 per cent from 8.6 per cent in the same period the previous year.

    There are now more than 2 million registered members across 37 countries for Reliance Mart stores. These 1537 outlets specialise in consumer electronics. Strong year-on-year growth in this category was helped by Digital Express Mini rapidly scaling up during the quarter to reach more than 1250 outlets across the country in a short time since launch.

    Also delivering a strong performance, the fashion and lifestyle category was 16 stores opened byReliance Trends during the quarter.

    A Reliance Retail joint venture with Marks & Spencer continued to grow with new store openings, whileReliance Brands launched Dutch lingerie brand Hunkemöller, and also opened the first airport store in India for UK games and toys retailer Hamleys, in Delhi.

    Initiatives encompassing fashion and lifestyle e-commerce are also proceeding through beta testing. The development of a marketplace platform and distribution ecosystem for 4G devices are on track and being rolled out. It will be the largest distribution reach for devices in India, says the company.

    Meanwhile, the company is training 4G sales specialists while integrating supply chain and service centres. Reliance Retail also launched its own brand of 4G LTE smartphones, under the brand LYF, during the quarter.

  • Hamleys Hong Kong takeover

    Hamleys Hong Kong takeover

    Hamleys – the world’s oldest toy retailer – has been bought by a Hong Kong investor. As rumoured last week, the business has been sold to interests connected with the Sanpower Group in China’s mainland, which last year acquired UK department store House of Fraser.

    The buyer is C.banner International Holdings Limited, a Hong Kong-listed Chinese private enterprise, which describes itself as a strategic partner of Sanpower.

    The new owners plan to speed up the international rollout of the brand – and to pursue opportunities for concessions in department stores.

    In a statement, the new owners say they hope House of Fraser will “become C.banner’s priority business strategic partner”.

    “By virtue of the acquisition of Hamleys, C.banner will expand its retail businesses, and consider establishing deep relationships with department stores, so as to further promote the win-win development of its products and department stores through their brands and channels,” the company said in a statement.

    “C.banner hopes to implement its global brand strategy through introducing the products of House of Fraser and Hamleys, as well as capitalising on their channels to export its products overseas.

    “In the future C.banner will continue to actively explore business opportunities at home and abroad through mergers, acquisitions, strategic partnerships, as well as the establishment of other business relationships with leading retailer brands, to further implement its global brand strategy.”

    French owner Ludendo, which rescued Hamleys from a collapsed Icelandic bank three years ago for just £60 million, has already grown the business into an international toy brand, opening stores in Russia, Malaysia, Singapore – and last week in Vietnam. The company now has 53 stores owned or franchised. It turned over £62 million last year and posted a profit of £4.5 million.

    Founded in 1760 as Noah’s Ark, Hamleys opened its Regent St flagship store in London’s West End in 1881.

    *Photo: From left to right: Chen Yixi, chairman of the board of C.banner, Yuan Yafei, chairman of Sanpower Group, Gudjon Reynisson, CEO of Hamleys, Jean Micdhel Grunberg, president of Lundendo, Rudolph Hidalgo, chief executive director of Ludendo, at a press conference announcing the sale.

  • Hamleys to be sold to Chinese footwear retailer

    Hamleys to be sold to Chinese footwear retailer

    Hamleys, the 255-year-old toy retailer, is poised to be sold to a Chinese footwear company for an estimated £100m.

    C.banner International Holdings has confirmed that discussions to buy Hamleys from its French owner are at an “advanced stage”.

    The company released a statement on the Hong Kong Stock Exchange on Thursday afternoon saying it was: “in the process of negotiating and finalising the definitive documentation with a view to entering into a legally binding agreement in the near future.” But it added that no definitive agreement had been entered into.

    The expected sale comes during the state visit to Britain by the Chinese president, Xi Jinping, that sealed £40bn worth of trade deals, including an £18bn investment in the Hinkley Point nuclear plant, controlled by EDF of France.

    Hamleys is best known for its seven-storey flagship store on Regent Street in London, where Father Christmas will soon greet youngsters. The expected move to Chinese ownership is the latest episode in the store’s turbulent recent ownership history, which has seen it pass into Icelandic and then French hands.

    The store has become part of the London tourist trail and is seen as quintessentially British, despite its foreign ownership – a trait it shares with several other local landmarks. Harrods, one of the capital’s other big historic retail brands, is owned by Qatar Holdings; Hong Kong-based Dickson Concepts owns Harvey Nichols; while Royal tailor Gieves & Hawkes is part of Hong Kong-listed Trinity Ltd.

    C.banner International, which specialises in women’s footwear under brands including MIO and Sundance, said it was interested in Hamleys’ strong brand as part of a plan to diversify its business. It also wants to develop a “strategic partnership” to distribute toys and children’s products via British department store House of Fraser – which was bought by Chinese conglomerate Sanpower last year.

    Yuan Yafei, the billionaire chairman of Sanpower, is thought to have family links to C.banner International, which is led by chairman Chen Yixi.

    Hamleys was launched as Noah’s Ark in 1760 by William Hamley, a Cornishman from Bodmin, who stocked tin soldiers, wooden horses and rag dolls.In 1881, a new branch of the shop opened in Regent Street, although at a different location from its current spot.

    The company was once listed on the London Stock Exchange, but was snapped up by Icelandic retail investor Baugur for £59m in 2003. Since then it has passed through a string of foreign owners.

    Icelandic bank Landsbanki took control of the store in 2009 after Baugur got into financial difficulties during the global financial crash. Four years later it was sold on to French retailer Groupe Ludendo, which operates hundreds of toy shops across France, Belgium, Switzerland and Spain.

    Under its series of owners, Hamleys has expanded across the UK – adding stores in cities including Cardiff, Glasgow and Manchester. In recent years it has also expanded overseas, including opening Europe’s largest toystore in Moscow in March. It is said to be considering expansion into the US.

    The revolving door for owners in recent times reflects an uneasy history for the spectacular toy store. In 1931 Hamleys was forced to close. It reopened later that year after being bought out by Walter Lines, co-owner of Tri-ang Toys. Lines was rewarded with a royal warrant from Queen Mary in 1938.

    The Regent Street store was bombed five times during the second world war and staff are said to have served at the shop entrance wearing tin hats during the blitz.

    Hamleys was issued with a second royal warrant by Queen Elizabeth II, who bought toys there for her children in 1955.

  • Hamleys Vietnam sets opening date

    Hamleys Vietnam sets opening date

    Hamleys Vietnam will stage a mobile roadshow around the shopping centres and schools of downtown Ho Chi Minh to help build brand awareness ahead of the store’s Vietnam debut.

    Hamleys Vietnam will open its doors on October 21 in the recently opened SC Vivo City mall in District 7, a popular expat enclave.

    Hamleys, the world’s oldest toy shop established in 1760, announced in June it would open its first store in Vietnam. It promises to be the largest toy shop in Vietnam when it opens its doors to the general public, with a character parade and ceremony at 7pm.

    In the lead up to the opening, Hamley Bear will be touring the city in a specially marked red minibus, visiting international schools, shopping malls, and other areas. The tour will be held from October 9 to 10, and 16 to 17.

    In addition to the Hamley Bear visits, there will be a competition on social media to a win prize and exclusive tickets to the VIP and media event, taking place from 5.30pm on October 21 at SC VivoCity.

    Nina Komolova, Hamleys’ PR and marketing manager says the London Bus Tour will bring excitement to families in advance of the store’s opening.

    Hamleys Vietnam

    Wee Keng, general director of SC VivoCity said with Hamleys’ tradition internationally of lively store demonstrators, strong brand identity and immersive environment, the new store will take VivoCity’s concept of a one-stop family lifestyle destination mall to a new level.

    In Hamleys Vietnam, shoppers will step into a magical toy wonderland that is stocked with thousands of safe, quality approved toys ranging from the traditional to the high-tech, games and puzzles to arts and crafts, magic, the Luvley Boutique – where children will find a selection of hair and nail products to dress themselves up with – and of course the iconic Hamleys Teddy Bears.

    Hamleys’ unique approach focuses on ‘bringing toys to life’ for children and families by actively encouraging children to play with the toys in store or by engaging with toy demonstrators.

    Hamleys Vivo city

    Memories underpin the essence of the Hamleys brand – customers will be able to meet the Hamleys Bear, characters from television and film on special occasions and participate in interactive workshops and events.

    The Hamleys Vietnam franchise is owner by Maison Joint Stock Company, founded in 2002 by Richard Trinh and Mai Son Pham. The company operates 61 stores in Vietnam selling brands including Christian Louboutin, Topshop/Topman, Miss Selfridge, Dorothy Perkins, Max Mara, Max & Co, Mango, Karen Millen, Coast, Warehouse, Oasis, Bebe, Charles & Keith, Pedro, Accessorize, Monsoon Children, Havaianas and NYS Sunglasses. It will soon open the nation’s first CH by Carolina Herrera and Santoni stores.

  • British brands invading Philippines

    British brands invading Philippines

    Asif Ahmad, the UK ambassador to the Philippines, is one of the busiest diplomats in the country, as he leads, almost on a weekly basis, the opening of new outlets put up by dozens of British companies which are taking advantage of the rapidly growing consumer market and improved purchasing power of Filipinos.

    Ahmad, the 59-year-old diplomat who has been assigned in the Philippines since July 2013, says while several British companies have established their presence in the country for several decades now, more are expected to land in the Philippines soon.

    “We have done it in fashion.  We have done it in cars. We have done it in films and music.  The next story is eating and drinking,” says Ahmad, during the opening of the second outlet of Costa Coffee in the Philippines at Robinsons Place in Ermita, Manila.

    Costa Coffee, the leading coffee chain in the United Kingdom, is the latest British brand setting its sights on the Philippine market, which Ahmad says offers a lot of opportunities for foreign companies.

    The ambassador says the expansion of British firms in the country is a part of a deliberate effort of the London government to triple its exports to the world to 1 trillion pounds by 2020.

    Unilever, an Anglo-Dutch company, is one of the biggest distributors of consumer products in the Philippines while Royal Dutch Shell Plc. is one of the three largest petroleum players in the country.

    The last couple of years saw dozens of UK firms opening outlets or expanding their presence in the Philippines.  In November 2013, London opened its airspace to Philippine Airlines via Heathrow Airport, with the help of Ahmad.  This has triggered a faster movement of people, including investors and tourists, between the two countries.

    British financial giants HSBC, Standard & Chartered, Barclays and Pru Life UK have strong presence in the Philippines while UK companies that are expanding in the country include Pearson Plc., Ashmore Group, British American Tobacco, British Petroleum, ECR Minerals Plc., CRH Plc., Arup, Nectar Group Ltd., MacKay Green Energy Inc., Forum Energy, Pitkin Petroleum Plc., Eaton Corp. Plc. and Weir Engineering Services Ltd.

    Top British brands opening or adding outlets in the Philippines include Rolls Royce, Range Rover, Jaguar, Mini Cooper, Morgan Motors, Tesco, The Body Shop, Fitness First, Toni & Guy, Remington UK, Marks & Spencer, Debenhams, Lee Cooper, F&F, John Lewis, Burton, Reiss, Speedo, Hamleys, Burberry, Topshop, Topman, Dorothy Perkins, Mitre Sports, Berghaus, Kangaroos, Superdry, Warehouse, Clarks Shoes, Paul Smith, Mothercare, Hackett London, Lush, TM Lewin, River Island, Cath Kidston, Pepe Jeans London, Savile Row, Lyle & Scott,  Whyte & Mackay, Twinings, Diageo, Union Jack Tavern, Wolf & Fox, Chuck’s Grub, Waitrose and Yummy Organics.

    Ahmad says more brands will expand in the Philippines soon. “We have a strong presence of British brands that is gonna grow.  My government, the UK, has said that we must triple exports to 1 trillion [pounds]. My mission here is to grow three times more than before.  That is a very strong target to have,” he says.

    The UK is already the largest investor among European countries in the Philippines.  “The easy target that we have met is being the number one investor in the Philippines from the European Union. We have achieved that already,” he says.

    “In terms of trade, we have a long way to go.  If we added it both ways, it [bilateral trade] adds up to $2 billion.  We have to make it $6 billion,” says Ahmad.

    He says the UK embassy is working with the British Chamber of Commerce to help more companies navigate the Philippine market.  British investors are looking at infrastructure, public-private partnership projects, water, healthcare, education, information technology and defense sectors, he says.

    The British Chamber of Commerce is arranging more trade missions to bring more British brands in the Philippines this year to look at opportunities, given the country’s improving economy.

    “What we are seeing is that the government has more money.  The infrastructure projects are now speeding up, after a difficult start.  We are seeing people consuming more, spending money more, not just in houses and cars, but also in their lifestyle,” Ahmad says.

    Ahmad says Filipinos can afford to buy British brands.  “It [local market] has been ready for quite some time.  That’s why we have been very successful here.  If you go back, they [British companies] have been here for a long time and they are expanding still.  New ones are coming onboard.  What Costa Coffee does is something different.  It is in food and beverage segment, which has much more to offer,” he says.

    Costa Coffee opened its first outlet at Eastwood Citywalk 1 in Libis, Quezon City in June and plans to open three more branches this year at Tera Towers in Fort Bonifacio, E. Rodriguez Jr. Ave. in Quezon City and Robinsons Antipolo in Rizal.

    “We plan to open 70 Costa Coffee branches in the Philippines over the next five years,” says Costa Coffee Philippines general manager Corinne Milagan, who heads a new unit of Robinsons Retail Holdings Inc. to guide the expansion of the Costa brand in the country.

    Among those who attended the opening of the Costa Coffee branch at Robinsons Place Manila are Ahmad, Milagan, Robinsons Retail Holdings president and chief operating officer Robina Gokongwei-Pe, Costa Coffee International managing director Chris Rogers, Robinsons Land Corp. president and chief operating officer Frederick Go and Costa Coffee franchise manager for Southeast Asia and India Matt Kenley.

    RRHI formed a new company called Robinsons Gourmet Food and Beverage Inc. to operate the Costa Coffee chain in the country. Robinsons Gourmet teamed up with Whitbread Plc. of the United Kingdom to bring the British coffee brand to the Philippines.

    “The Philippines has fantastic opportunity for the Costa brand.  It brings something different to the market. A different coffee, a different environment and a great people.  And it brings a little taste of London to the Philippines,” says Rogers.

    “We have been looking forward to the next 20 to 30 years. The Philippines is an exciting place to be, because of the potential growth.  The economy is growing strongly. The consumer population is growing. There are good dynamics,” says Rogers, who joined Whitbread eight years ago.

    Rogers has been leading the international expansion of the Costa Coffee brand since July 2012.

    Robinsons Retail plans to open 70 Costa Coffee stores in the Philippines over the next five years, with an average cost of P10 million per outlet.

    Rogers says Costa Coffee has found its niche in the competitive coffee market.  “Our difference is our coffee.  We have the Mocha Italian blend.  We are very particular with the beans we choose–high-quality beans with a particular taste. The environment is also very different,” he says.

    Milagan says the Philippine coffee market is now prepared for a British brand.  She says coffee lovers, including British expatriates, were lining up hours prior to the opening of the Costa Coffee branch at Robinsons Place Manila on July 31.

    “The [coffee] market is not yet saturated. The Philippine market has matured in terms of  food and drinking preference. We are graduating now from instant coffee and we are now shifting to coffee made in a hand crafted way,” says Milagan.

    Milagan says “the Filipino taste has become discriminating, as they travel abroad.”

    Costa Coffee was founded by Italian immigrants Sergio and Bruno Costa in 1971 in Lambeth, London. The Costa brothers were known for creating their unique blend of coffee, a combination of Arabica and Robusta beans. They called it Mocha Italia, a blend that is a closely guarded secret to this day.

    The brand was acquired by Whitbread Plc. in 1995.  The UK firm continues to serve the original Mocha Italia recipe, which is slowly roasted in the Old Paradise Street Roastery in London.

    Milagan says Costa coffees are all handcrafted and espresso-based.

    Costa Coffee now has 3,000 stores in more than 30 countries. Costa employs Master Genarro Peliccia as the official coffee master who ensures that the taste remains consistent to the original blend.

    Gokongwei-Pe says Costa Coffee is the second British brand brought to the Philippines by Robinsons Retail, the first being the fashion brand Topshop.  She says her company will bring more foreign brands, depending on the performance of Costa Coffee.

    “We have to make sure this works first,” she says, adding that the outlook for the Costa brand in the Philippines is promising.

    “I believe in good luck.  I believe in good vibrations,” she says.

     

  • Hamleys Singapore opens its doors

    Hamleys Singapore opens its doors

    The world’s oldest toy store is now open in Singapore.

    Hamleys is now trading in Plaza Singapura on the city state’s prime shopping strip Orchard Rd.

    Occupying 12,000 sqft across two floors of Plaza Singapura, the Hamleys store boasts prominent street frontage along Orchard Rd.

    Dubbed ‘The Finest Toy Shop in the World’ the new store promises an exciting in-store concept where playing is encouraged. Shoppers will find themselves immersed in a magical toy wonderland stocked with more than 10,000 toys, ranging from the traditional to the high-tech, as well as games and puzzles, arts and crafts, magic props, the Luvley Boutique – where girls will find an exciting selection of hair and nail products – and the iconic Hamleys Teddy Bear.

    Hamleys’ unique approach focuses on ‘bringing toys to life’ for children and families by actively encouraging children to play with the toys in store or by engaging with expert toy demonstrators. Understanding that memories underpin the essence of the Hamleys brand, the toy store will arrange for shoppers to meet the Hamleys Bear and popular characters such as  Barbie, Peppa Pig and the Teenage Mutant Ninja Turtles on special occasions.

    Ong Kee Leng, GM of Plaza Singapura, said that when introducing new-to-market brands, the centre looks for those with an established international track record.

    “The addition of Hamleys to Plaza Singapura will further enhance our position as a one-stop destination mall for families and friends, centrally located on Orchard Rd. We are confident that children will build lasting memories of unbridled joy and unforgettable fun times while adults will relive wonderful childhood years at Hamleys.”Plaza Singapura, also known as PS, is one of the oldest and largest malls on Orchard Rd. Established in 1974, it was the first to pioneer the all-in-one shopping concept, introduce anchor tenants and multi-storey parking.  The nine-storey mall which was recently revamped features over 300 stores and a 170m frontage along Orchard Rd.