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Tag: Hongkong

  • PE invests in Crystal Jade expansion

    PE invests in Crystal Jade expansion

    Standard Chartered Private Equity has invested in Crystal Jade Group to help Louis Vuitton accelerate the restaurant group’s Asian expansion.

    Crystal Jade operates over 100 outlets ranging from fine dining, casual and specialty restaurants to bakeries across the Asia Pacific region with a primary focus in Singapore, Hong Kong and Mainland China. Established in the early 1990s, it has become a household name in Chinese cuisine.

    SCPE has invested US$52 million in the business, joining Louis Vuitton’s investment arm L Capital Asia on the shareholder’s register.

    The investment will primarily go towards funding the growth of Crystal Jade’s existing network of outlets across Asia, as well as the expansion of its footprint internationally.

    Ravi Thakran, managing partner of L Capital Asia, said the two investors already have a track record of successful investment partnerships.

    “Their investment will further strengthen the resources available to allow full exploitation of the tremendous growth opportunity for Crystal Jade.”

    Nainesh Jaisingh, global co-head of private equity at SCPE, said Crystal Jade is an exciting business, with a strong Asian brand and significant potential across Standard Chartered’s footprint.

    “We… look forward to building a great company together.”

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  • Luk Fook’s gem-set focus pays off

    Jeweller Luk Fook says regardless of a 17.1 per cent fall in gross sales within the final monetary yr, it nonetheless achieved its second greatest gross sales yr on report.

    And it says specializing in gem-set gross sales, with larger margins, meant its revenue for the yr to March 31 fell simply 9.1 per cent.

    The group recorded income of HK$15.923 billion (2014: HK$19,214,930,000). With its gross margin up by 2.2 factors to 24.1 per cent, because of strong progress in gem-set gross sales, gross revenue reached HK$three.832 billion. The revenue attributable to fairness holders decreased by 13.four per cent to HK$1.61 billion, which was higher than anticipated and marked the group’s second highest document.

    All jewelry retailers have posted declining gross sales by greenback worth, largely because of the ‘gold rush’ of 2014 which created a excessive baseline to match 2015 gross sales towards.

    “Though the excessive base impact because of the gold rushes has pale within the second half of the yr, the difficult international financial system, foreign money depreciation and relaxed visa necessities in different in style vacationer locations hampered the buyer sentiment of Mainland Chinese language vacationers in Hong Kong and Macau,” Luk Fook chairman and CEO Wong Wai Sheung stated.

    “However, with the group’s excellent gross sales technique, gross sales mixture of gem-set jewelry merchandise which bear larger gross margin has been efficiently elevated. The expansion in general gross margin resulted in a revenue enchancment of the retail enterprise in Mainland China. Along with the passable efficiency within the wholesale enterprise, it mitigated the influence of the drop of retail income in Hong Kong and Macau market.”

    Wong Wai Sheun stated the group carried out past expectation for the yr, coming off the ‘gold rush’ of 2014.

    The retail enterprise continued to be the first gross sales driver for the group with its income down 22.three per cent to HK$12.552 billion, accounting for 78.eight per cent of the group’s complete income. After the completion of the acquisition of 50 per cent curiosity within the issued share capital of China Gold Silver Group, an working firm partaking in jewelry retailing and franchising beneath the brandname of “3D-Gold”, the group turned certainly one of its suppliers.

    Along with the rise in variety of licensed outlets, the wholesale income grew by 14.eight per cent over the earlier yr to HK$2.794 billion, 17.6 per cent of the group’s complete income. Licensing revenue decreased by 6.6 per cent to HK$578 million, primarily as a result of gold gross sales returned to a comparatively regular degree.

    All year long, gold merchandise remained probably the most favorite merchandise amongst clients and along with platinum merchandise contributed roughly 60.2 per cent of gross sales.

    Similar retailer gross sales for Hong Kong and Macau fell 28.2 per cent and for Mainland China by 29.eight per cent.

    Mainland Chinese language guests continued to be the key driver for the retail enterprise in Hong Kong, which remained the important thing income for the group, contributing roughly 59.eight per cent of complete gross sales.

    Through the yr Luk Fook opened 115 new licensed outlets and closed 4 self-operated outlets. As at March 31, the group had a complete of 1383 outlets globally in Mainland China, Hong Kong, Macau, Korea, Singapore, the US, Canada and Australia.

    Wanting ahead, Wong Wai Sheung stated Mainland China’s financial slowdown, the adjustment to the coverage of Particular person Go to Scheme, and the abroad foreign money devaluation have brought on the Mainland Chinese language vacationers to modify to neighbouring nations for consumption, which affected the enterprise progress of the group.

    “The group stays prudent about our enterprise improvement briefly time period. Nevertheless, we’re nonetheless optimistic concerning the mid- to long-term enterprise improvement. We’ll proceed to utilise cross-selling methods and supply extra product collection that are diversified and should meet mass market wants. This helps to entice clients’ want for consumption and increase the gross sales of gem-set jewelry merchandise which bear comparatively larger gross margin.”

  • Cafe de Coral thrives

    Cafe de Coral thrives

    Listed QSR operator Cafe de Coral has reported an eight per cent rise in similar retailer gross sales and a robust efficiency in Hong Kong, regardless of difficult mainland China market.

    The corporate launched its 2015 yr financials as we speak (June 23) reporting a 7.eight per cent improve in turnover to HK$7.356 billion and a modest one per cent improve in revenue attributable to shareholders to $587 million.

    The Hong Kong QSR and institutional catering operations, led by its namesake Cafe de Coral restaurant chain and western idea Spaghetti Home, outperformed the broader market, gross sales growing by 10 per cent to $5.26 billion within the yr to March 31. Hong Kong accounts for 83 per cent of the corporate’s turnover.

    CEO Hoi Lo stated the corporate achieved a “strategic leap within the quick informal phase”.

    “Through the yr, we expanded the group’s quick informal portfolio. We scaled up our home-grown ideas Shanghai Lao Lao and Mixian Sense and signed on well-liked Korean and Japanese manufacturers, all of which introduced new impetus and fuelled the expansion of the quick informal phase in our enterprise.”

    It additionally streamlined its operations, divesting Manchu Wok, SenseAsian and Wasabi Grill and Noodle companies in North America; and its 50 per cent share within the Hong Kong enterprise of Taiwanese-founded 85˚C bakery enterprise. Regardless of the model cull, the corporate retained almost 17,500 employees as on the finish of March.

    Café de Coral and Tremendous Tremendous Congee & Noodles are among the many main QSR manufacturers in Hong Kong with sizeable market shares. The corporate operated 156 Café de Coral quick meals retailers and 35 Tremendous Tremendous Congee & Noodles outlets as of the top of March.

    Now thought-about family names, these manufacturers have gained the belief and help of our clients in Hong Kong, stated Lo.

    Now Cafe de Coral Holdings is increasing its portfolio of manufacturers to additional construct its share of the larger QSR market.

    New manufacturers, Simply About Meals and C. Categorical will proceed to be expanded, together with full-service chains Shanghai Lao Lao and Mixian Sense, each concentrating on a youthful demographic.

    “We proceed to rejuvenate the Oliver’s Tremendous Sandwiches model and idea to make sure it stays related to our numerous buyer teams,” stated Lo.

    “Our collaboration with well-known Japanese and Korean companions has additionally enabled us to complement our quick informal portfolio. The current opening of The Cup, a Korean way of life quick informal chain, in Hong Kong in addition to the forthcoming Japanese donburi and pasta chains will additional increase the group’s presence within the quick informal sector.

    Cafe de Coral sees its main progress engine within the years forward to be the mainland China market which Lo describes as “extremely dynamic and aggressive.

    “Gamers from everywhere in the world are eyeing on this profitable market. That being stated, the speedy change of enterprise surroundings and shopper habits on this fast-growing business is a continuing problem for enterprise operators within the nation. The Café de Coral Group has a long-standing presence within the Mainland and has gained a superb understanding of the nation’s enterprise surroundings and shopper choice. This has helped us formulate the efficient enterprise methods for the group in capturing alternatives and unleashing our potential within the nation.

    “Setting the fitting geographical technique is an important theme in our long-term progress plans for the Mainland. By benefiting from our similarities in tradition and language in addition to our shut proximity to Guangdong, the group is properly positioned to department out within the cities of this province. Its huge inhabitants and financial maturity present the Café de Coral Group with ample alternatives for enterprise enlargement, and we’re dedicated to rising our main chains and to capturing a bigger share of this market with new ideas and thrilling manufacturers,” he stated.

    Progress in Mainland China’s catering business continued to decelerate through the yr, partly

    as a result of decrease spending on business-related eating and receptions.

    “This affected not solely high-end eating places but in addition different segments within the nation’s weakening eating business. In face of the enterprise setting and market development, we had adjusted our shop-opening technique and tempo in the course of the yr,” stated Lo.

    “Nevertheless, working prices for our Mainland China enterprise, particularly these for rental and labour, have been rising considerably over the previous years. These mixed have affected the profitability of our enterprise operation within the Mainland.”

    Regardless of the constructive comparable gross sales progress of three per cent achieved by the corporate’s 100-outlet South China Café de Coral chain, the entire income degree of the enterprise operations in Mainland China was flat in contrast with the earlier monetary yr, largely because of the adjusted shop-opening tempo. The Spaghetti Home skilled a setback in its efficiency on account of declining shopper spending within the mid-priced eating sector.

    Wanting forward, Lo stated the macroeconomic surroundings in higher China stays a priority, owing to financial circumstances in Hong Kong and the uncertainties of the enterprise surroundings in Mainland China.

    “Excessive rental charges, rising uncooked materials prices and the persistent labour scarcity all stay challenges for our enterprise and operation. However, we’re assured that the strong basis supporting our enterprise and the strong infrastructure we now have constructed underneath the group’s sustainability initiatives up to now years will allow us to proceed our near-term enterprise improvement and 5 yr progress plans,” he stated.

    “Our regular and prudent shop-opening program for each our main manufacturers and our youthful ideas will proceed. With the brand new ventures we’ve got taken on, we’ll seize probably the most opportune time to increase in our key markets.”

  • Trinity warns of looming loss

    Trinity warns of looming loss

    Menswear model Trinity has warned it expects to submit a loss within the half yr to June based mostly on preliminary buying and selling figures.

    The Hong Kong listed retailer and producer, majority owned by Li & Fung, says it has confronted challenges adapting to the weak retail market within the Chinese language mainland and a lower within the variety of mainlanders visiting Hong Kong and Macau.

    In a inventory trade submitting, the corporate stated it had incurred greater one time restructuring prices to mitigate these on-going unfavourable circumstances.

    “As well as, whereas unit gross sales remained comparatively secure, common promoting costs have been adjusted, putting strain on margins and mixed with the restructuring prices, the group’s efficiency was adversely affected.”

    In March, Trinity reported revenues of HK$2.6 billion (US$335.2 million) and a gross revenue of HK$1.9 billion ($244.95 million). The gross revenue margin was 74.1 per cent representing a 1.four proportion level decline as a consequence of liquidation of extra stock, a administration precedence within the second half.
    In Monday’s warning, Trinity stated administration is taking “vital actions” to enhance second half yr efficiency however expects the subdued retail market surroundings in Larger China will proceed.

    Trinity retails high-end menswear in Larger China and Europe. Its manufacturers embrace D’City, Gieves & Hawkes, Cerruti 1881, Intermezzo and Kent&Curwen.

    In March, CEO Richard Cohen stated Trinity was on monitor with its medium-term technique.
    “We goal globally and assume regionally,” he stated. “We’re optimistic for the close to and medium-term, and stay assured about the long run potential for our enterprise.
    He stated the corporate was setting up “the best retail technique and construction” to ship constant, sustainable returns into the longer term.
    “We’ve considerably strengthened our groups up and down the organisation and proceed to enhance stock administration. Up to now six months we’ve got developed centralised shared providers throughout all departments and improved our provide chain to make it less expensive and versatile.”

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  • Asia dominates International Vacation spot Cities Index

    Asian cities proceed their domination of the annual MasterCard International Locations Cities Index,making up half of the highest 10 locations for worldwide journey.

    Bangkok has retained its place at quantity two and is catching up with top-ranked metropolis, London. Singapore, Kuala Lumpur, Seoul and Hong Kong spherical off the highest 10, taking seventh, eighth, ninth and 10th place respectively. Hong Kong can also be the one metropolis in Higher China that’s among the many prime 10 most visited locations.

    Ranked 10th globally and fifth in Asia Pacific, Hong Kong is forecast to welcome eight.66 million worldwide in a single day guests in 2015, a three.5 per cent improve from 2014 with eight.37 million guests. The town can also be anticipated to see a four.6 per cent progress in worldwide in a single day customer spend, from US$7.11 billion in 2014 to US$7.44 billion in 2015, putting it seventh within the area and 13th globally.

    Pushed by insights into journey patterns, the fifth International Locations Cities Index supplies a rating of the 132 most visited cities around the globe. Greater than only a journey tracker, the Index offers an understanding of how individuals transfer all over the world and the significance of the world’s cities as houses, locations and engines of progress.

    London and Bangkok have topped the Index all through the Index’s 5 yr historical past. London is projected to obtain 18.82 million worldwide guests in 2015, topping the chart once more, barely forward of Bangkok with 18.24 million. Their rivalry is about to proceed as Bangkok’s customer numbers began to get well following civil unrest in 2014.

    Dr Yuwa Hedrick-Wong, chief economist and chair of the Educational Advisory Council on the MasterCard Middle for Inclusive Progress, stated towards a background of usually weak international financial progress and anemic tempo of exports, a vibrant tourism sector is offering a strong increase to revenue and job creation in Asia Pacific.

    “As proven by the newest Index, Asian cities dominate among the many main locations on the earth in attracting worldwide guests arriving by air. Much more astonishing is that seven out of the world’s prime 10 quickest rising vacation spot cities are in Asia Pacific, which is a robust main indicator of their persevering with excellent efficiency within the years to return.”

    Anna Yip, MasterCard’s head of Hong Kong & Macau, added: “Final yr, MasterCard named Hong Kong one in every of our Priceless Cities, promising to complement Hong Kong’s worldwide affect as a real world-class vacation spot. This yr, it’s encouraging to see that Hong Kong is as soon as once more taking a spot within the international prime 10 most visited locations, which is a testomony to the town’s enduring character as a prime international vacation spot for worldwide vacationers.”

    In 2015, it’s anticipated that almost 383 million in a single day journeys can be made by worldwide in a single day guests between the Index’s 132 cities. Together with urbanisation – the UN has estimated that two-thirds of the world’s inhabitants will stay in cities by 2050 – this represents an enormous demand for items and providers. By forecasting the variety of worldwide travellers, the International Vacation spot Cities Index helps to spotlight the infrastructure wanted to satisfy the expectations of each locals and guests.

    Different modifications on this yr’s index:

    • The Asia/Pacific rating of the highest 9 out of 10 vacation spot cities are unchanged from 2014. However Osaka moved as much as 10th rank from 11th, displacing Melbourne.
    • Seoul leads in Asia/Pacific when it comes to worldwide customer spend, with an anticipated US$15.2 billion, adopted by Singapore with US$14.7 billion and Bangkok with US$12.four billion.
    • The highest 5 feeder cities to Bangkok, Singapore and Kuala Lumpur in 2015 are all in Asia Pacific.
    • Hong Kong is projected to maneuver forward of Singapore and Tokyo to turn out to be the most important feeder metropolis for Bangkok this yr, accounting for round 1.5 million guests with complete expenditure hitting US$1 billion.
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  • How Chow Tai Fook is setting Hearts on Hearth

    How Chow Tai Fook is setting Hearts on Hearth

    A yr on from shopping for Hearts on Hearth, Hong Kong headquartered jeweller Chow Tai Fook stays bullish concerning the model’s prospects in Mainland China, regardless of the static jewelry market.

    Chow Tai Fook has three standalone shops in China and, one concession there, together with one other concession in Hong Kong. It plans 10 standalone shops in China by the yr’s finish and the corporate will proceed to search for alternatives for brand spanking new concessions.

    “Hearts of Hearth is a really younger model, however we’ve got expertise with the Chinese language group in Taiwan the place Hearts on Hearth is ranked as probably the most desired and sellable diamond model,” stated Chow Tai Fook MD Kent Wong in an interview with Rapaport News revealed on-line.

    “Chinese language shoppers in Taiwan like perfection. Subsequently, the perfectly-cut diamond is one thing that they should have. The identical style applies in Mainland China,” Wong defined.

    “Hearts on Hearth can leverage Chow Tai Fook’s big buyer base. Chow Tai Fook manages about 1.5 million VIP clients in China. Their repeat purchases account for about 35 per cent of our complete gross sales, and about 65 per cent of our repeat buy clients need gem-set jewelry, particularly with diamonds.

    “For Hearts on Hearth, we have now already set a three-year improvement plan. We need to improve the purchasing expertise within the retailer by way of promoting campaigns and packages to help the model.”

    Chow Tai Fook purchased the Hearts on Hearth luxurious diamond model final June for US$150 million.

    Kent stated Hearts on Hearth is an effective complement to Chow Tai Fook as a result of it’s a premium luxurious diamond model that has been within the business for many years.

    “Chow Tai Fook can profit from Hearts on Hearth’s expertise in creating a luxurious model. It has wonderful jewelry design and brings extra of a worldwide imaginative and prescient to our design group,” he informed Rapaport News.

    He stated the Chinese language authorities’s anti-graft marketing campaign had affected the posh watches, attire and drinks sectors, however not jewelry.

    “Our analysis exhibits that about 70 per cent of girls in China’s Tier I and Tier II cities, need to obtain a diamond engagement ring. Yearly, we’ve got about 12 million to 13 million couples getting married in China so the bridal market supplies secure demand, regardless of the market state of affairs.”

    In a broad ranging interview Wong talks concerning the distinctive RFID tagging Chow Tai Fook is utilizing instore to review buyer behaviour when taking a look at jewelry, advertising initiatives for Hearts on Hearth and benefiting from on-line to drive retail gross sales.

  • Jardine wins Pizza Hut Myanmar rights

    Jardine wins Pizza Hut Myanmar rights

    Hong Kong’s Jardine Restaurant Group has gained the rights for Pizza Hut Myanmar and can open the primary restaurant there in November.

    Jardine opens greater than 600 Yum! Manufacturers franchises – Pizza Hut and KFC eating places in Hong Kong, Taiwan, Vietnam and southern China. It earlier misplaced the bid for KFC Myanmar to rival bidder Yoma Strategic Holdings.

    The primary Pizza Hut in Myanmar will open in a constructing adjoining to Metropolis Mart Market grocery store on Dhammazedi Rd.

    Yum! has been separating its Pizza Hut and KFC operations, and is reportedly shifting in the direction of choosing totally different companions for every of its franchises to realize a greater give attention to every of its manufacturers and keep their independence.

    KFC and Pizza Hut are the primary American quick meals manufacturers to enter Myanmar and comply with Korea’s Lotteria into the quick food-QSR market.

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  • H&M opens 1st retailer in Macao

    H&M opens 1st retailer in Macao

    Common excessive road trend model H&M opened its first retailer in Macao at Shoppes at Venetian on Saturday, including to the mall’s present providing of over 350 worldwide manufacturers.

    Overlaying an space of 19,000 sq. ft, the retail area is unfold over two flooring. It presents seasonal trend and newest developments for each women and men. The style model additionally launched H&M’s Summer time 2015 assortment on the identical day.

    The brand new retailer hosted a gap ceremony on Saturday attended by senior representatives of Sands Retail – the operator of Shoppes at Venetian – and H&M, in addition to worldwide type icon and Las Vegas Sands Corp. enterprise associate David Beckham.

    “The primary H&M in Macao will function a magnet for top road trend lovers from across the area,” stated David Sylvester, Government Vice President of International Retail, Las Vegas Sands Corp. “Shoppes at Venetian’s dynamic retail combine turned even richer at present, and reinforces Sands Retail’s place because the operator of a few of Asia’s most sought-after buying locations among the many area’s many fashionistas. Shoppes at Venetian is an iconic shopping center that pulls over 75,000 individuals per day, and I am assured that it’ll show to be a terrific platform for H&M.”

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  • Ted Baker storms forward

    Ted Baker storms forward

    British way of life trend model Ted Baker has reported robust efficiency throughout all international markets and distribution channels within the 18 weeks to June 6.

    Group income soared 24.2 per cent above the identical interval final yr, with retail gross sales up 18.9 per cent and retail sq. footage up 6.6 per cent to 345,399 sqft.

    On-line gross sales surged 46.9 per cent, reflecting additional progress within the UK, a superb efficiency from its US website and the launch of a brand new Canadian website.

    “Efficiency throughout our established markets was robust and we proceed to spend money on creating model consciousness in newer markets,” the corporate stated in a press release.

    “We opened our first road degree retailer in Hong Kong in Causeway Bay and a retailer devoted to showcasing our licensed product vary, Ted Baker & Moore, in Spitalfields London. We additionally opened additional concessions within the UK, France, Germany, the Netherlands, North America, China and Japan.”

    Wholesale gross sales elevated by 41.2 per cent (38 per cent in fixed foreign money), with a robust efficiency from each the UK and North American companies.

    “In North America particularly, gross sales have benefited from a robust begin to the season and modifications to purchasing patterns, which have introduced ahead some orders. Consequently, we now anticipate progress for the complete yr of round 18 per cent.”

    Each retail and wholesale gross margins have been consistent with the corporate’s expectations, and broadly consistent with final yr.

    Ted Baker says its product and territorial licences proceed to carry out properly with new licensed retailer openings in Azerbaijan, Dubai, Qatar, Saudi Arabia and Thailand and two in Taiwan.

    “We proceed to spend money on our individuals and infrastructure to help the long run improvement of the Ted Baker model globally.”

  • Singapore Metro revenue dives

    Singapore Metro revenue dives

    Singapore’s Metro Holdings has reported an 82.7 per cent fall in its internet revenue to S$7.6 million within the fourth quarter.

    Full yr earnings, nevertheless, rose 33.7 per cent to $142.9 million on income up four.78 per cent to $145.eight million.

    The property improvement group stated revenues within the final quarter rose 19.2 per cent on account of greater turnover in its retail operations following the opening of its new retailer at Metro Centrepoint within the third quarter.

    The corporate blamed the quarterly earnings decline on greater operational prices and overheads within the retail division, largely from the brand new retailer. The corporate additionally booked a writedown within the worth of plant and gear at Metro Centrepoint.

    Metro operates a sequence of department shops and specialty shops in Singapore and Indonesia.

    In Singapore, it has 4 department shops, 9 Monsoon Decorate and one M2 specialty shops. Metro Paragon, its flagship retailer situated on Orchard Rd is positioned on the excessive finish of the market, whereas Metro Woodlands and Metro Sengkang within the suburbs and Metro Metropolis Sq. on the town fringe are positioned as ‘family-friendly shops’.

  • Chow Tai Fook boosts community as gross sales slip

    Chow Tai Fook boosts community as gross sales slip

    Chow Tai Fook added 180 new factors of sale within the 2015 monetary yr and says it’s going to proceed to increase regardless of the slip in gross sales.

    The corporate now has 2257 factors of sale, largely in Hong Kong, mainland China and Macau.

    “Whereas it’s essential to take care of our market management, we’ll proceed to pay shut consideration to our level of sale technique and make immediate revisions when mandatory throughout unpredictable financial occasions,” the corporate stated in its earnings assertion.

    Chow Tai Fook’s income decreased by 17 per cent to HK$64.277 billion in FY2015 in comparison with HK$77.407 billion within the previous yr. General similar retailer gross sales declined 24.1 per cent, amongst which jewelry enterprise in Mainland China and Hong Kong and Macau recorded a decline of 16.1 per cent and 32.eight per cent respectively.

    The corporate stated a part of the decline was resulting from gold gross sales coming down from a excessive base through the 2014 yr when commodity costs have been unusually excessive.

    Income from gem-set jewelry as a proportion of income elevated by 5.9 per cent to 27 per cent.

    Gross revenue decreased by 9.eight per cent to HK$19.072 billion, however gross revenue margin improved from 27.three per cent to 29.7 per cent.  As on the finish of March it operated 30 eCommerce platforms, (11 greater than a yr earlier) together with its direct web site Chow Tai Fook eShop and all main third-party market platforms in Mainland China, specifically Tmall.com, JD.com, VIP.com, Suning.com, mei.com, and Amazon.cn.

    “With a mean promoting worth of round HK$1000, our eCommerce platforms supply a youthful line of merchandise with decrease entry costs, concentrating on the youthful clients who type a big  portion of internet buyers. In response to the wants of the youthful era, a few of our merchandise are provided solely on our e-commerce channels, and we’re placing extra emphasis on the quickly rising cellular platforms within the coming yr.”

    The corporate additionally accomplished the acquisition of Hearts On Hearth, the worldwide model it took over in August to spice up its product vary and supply. Chow Tai Fook has already opened its first Hearts On Hearth retailer in Mainland China, in Shanghai

    Chow Tai Fook says within the yr forward it’s going to stay dedicated to a balanced strategy of progress and return,

    It plans so as to add an extra 150-160 factors of sale to its mainland China community.

    “We consider room for enlargement continues to be vital for us, as we’re presently current in simply 484 cities out of over 700 within the nation. To make sure our new additions will absolutely seize market potential, we’ll concentrate on decrease tier cities and depend on native experience and professional information to facilitate market entry. As well as, we shall be conducting upgrades in  roughly 10 per cent of our present POS to “high-end luxurious” or “magnificence” fashion over the subsequent three years in response to the evolving retail panorama. A lot of the upgrades will occur in Tier I and II cities, the place buyer expectations are typically greater.”

    In Hong Kong and Macau, the emphasis shall be on effectivity, because it continues to consolidate its retail community the place applicable to handle rental prices.

    “Abroad market stays a strategic element in our market improvement plans — our imaginative and prescient stays that we be the trusted model wherever Chinese language shoppers populate or ceaselessly go to; we now have set foot in Taiwan, Malaysia and Singapore — in addition to our latest regional market: South Korea.”

    Chow Tai Fook additionally sees vital additional progress alternative in eCommerce. “Whereas we consider the core of our enterprise has by no means been modified, this initiative intends to discover methods to extract O2O synergy and to assist us keep related with our clients, particularly the youthful generations, in interactive and revolutionary methods.”

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  • Hasbro reveals new retail partnerships

    Hasbro reveals new retail partnerships

    Hasbro is about to reach at Licensing Expo 2015 to highlight its highly effective portfolio of worldwide franchises, together with Transformers, My Little Pony, Nerf, Monopoly and Jem and the Holograms.

    Lately named a prime 10 international licensor by license! International journal, hasbro continues to leverage its model tales throughout all leisure and advertising platforms and increase its portfolio of manufacturers throughout a number of shopper merchandise classes.

    “Hasbro has advanced right into a wealthy portfolio of numerous and extremely progressive segments related by one widespread objective: the activation of our franchises throughout each potential medium,” stated Simon Waters, GM, SVP of leisure and licensing with Hasbro.

    “2014 was the most effective yr in hasbro’s licensing historical past and we’re poised to proceed that momentum in 2015, main with an unimaginable story-driven leisure technique and immersive content material in a number of types and codecs to strengthen shopper engagement with our franchise manufacturers.”

    On the expo, Hasbro will unveil new international relationships throughout quite a lot of shopper classes, together with:

    Fyodor Golan

    The My Little Pony model continues to be a trendy favourite as UK designers Fyodor Golan introduce “Rainbow Wheel,” a colourful assortment of luxurious womenswear starting from quilted puffer jackets to beaded night robes. The road can be out there in main department shops all over the world, together with Selfridges within the UK, Lane Crawford in Hong Kong, Harvey Nichols in Kuwait, and Luisa By way of Roma in Italy, which can launch the gathering in retailer with a My Little Pony model takeover of its flagship location this summer time.

    Philipp Plein

    Acclaimed German designer Philipp Plein debuts eye-catching, excessive style Transformers branded shirts for males at Philipp Plein luxurious shops worldwide, taking the long-lasting autobot characters right into a recent new trend dimension.

    CNPC (China Nationwide Petroleum Company)

    In China, Transformers followers can gasoline up with branded fuel playing cards distributed via CNPC, which operates greater than 20,000 service stations all through the nation.

    Key properties on show on the present embrace Hasbro’s Transformers and My Little Pony manufacturers. The Transformers model continues to carve out its place in popular culture historical past with a complete model strategy that delivers merchandise and experiences for followers of all ages. Licensees throughout the globe have prolonged the blockbuster model with age-appropriate merchandise and retail packages spanning quite a lot of classes together with digital, trend, toys and video games, digital gaming, and publishing.

    The My Little Pony model has solidified its place as a worldwide perennial favourite, with a worldwide presence in 71 nations and throughout all main shopper merchandise and promotional classes. The wealthy storyline and forged of characters from the “My Little Pony: friendship is magic” animated collection, at present in its fifth season and airing on tv in over 180 territories, has expanded the model into an array of licensing classes, together with greater than 30 publishing companions, digital storybook apps, a well-liked comedian collection, wheeled items, magnificence merchandise and even couture with attire occasions and window shows at shops reminiscent of Selfridges division retailer (UK) and H&M. In 2015, H&A, the main youngsters’s licensed washing & bathing provider within the UK, is launching a variety of tub bubbles, tub equipment and present units for teenagers aged three to 6, based mostly on the My Little Pony model.

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  • Symphony EYC strengthens Asian arm

    Symphony EYC strengthens Asian arm

    Symphony EYC, which supplies software program and providers for greater than 1000 retailers, producers and wholesalers globally, has made two key Asian government appointments.

    Oscar Garcia-Velasco turns into VP Asia Pacific and Japan and Henry Chen GM of Higher China.

    “With Garcia-Velasco and Chen in place, Symphony EYC is properly positioned to satisfy demand for the G.O.L.D. Unified Retail Platform within the quickly rising Asia-Pacific markets,” the corporate stated in a press release.

    Garcia-Velasco shall be answerable for creating the Symphony EYC G.O.L.D. buyer base, becoming a member of the corporate from NET (internet), the place he was answerable for creating and increasing NET (internet)’s providers and market management in Asia, the Center East and Latin America. With greater than 25 years of IT business expertise, Garcia-Velasco has held government management positions with giant IT organizations, akin to IBM, SSA and Torex all through Europe, Latin America, Asia Pacific and Japan.

    Reporting to Garcia-Velasco, Chen will handle all Symphony EYC G.O.L.D. enterprise in Higher China, comprising Mainland China, Hong Kong, Macau and Taiwan. Chen has greater than 15 years’ expertise working with main distributors, akin to SSA International, Infor and Torex, in bringing retail, manufacturing and distribution options to the Chinese language market.

    “With Oscar Garcia-Velasco on the helm of our Asia-Pacific operations and Henry Chen supporting him in China, Symphony EYC enhances the management it must benefit from the elevated demand for omni-channel retailing in addition to the robust financial progress within the area,” stated Graeme Cooksley, president & MD, Symphony EYC G.O.L.D.

    “Each Garcia-Velasco and Chen are distinctive people with strong backgrounds and deep area experience in enterprise retail techniques.”

    Symphony EYC clients embrace 15 of the world’s 30 largest retailers, hundreds of retail manufacturers, and lots of of nationwide and regional chains.

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  • Zara Xidan Pleasure Metropolis reopens

    Zara Xidan Pleasure Metropolis reopens

    Pleasure Metropolis Property says Zara, an anchor tenant in its Xidan Pleasure Metropolis mall, has reopened its renovated and expanded retailer.

    The brand new Zara Xidan Pleasure Metropolis retailer is 1800 sqm, 700 sqm than the earlier store.

    On its reopening day it set a brand new single-day gross sales report by a single retailer, with income of RMB 1.05 million. Pleasure Metropolis Property says this makes it Zara’s prime ranked retailer in Asia. Gross sales on the next day after the reopening nonetheless made the shop rank among the many greatest within the Asian markets.

    The renovated and expanded Zara Retailer has eye catching floor-to-ceiling show window and Pleasure Metropolis says the robust efficiency upon reopening is testimony to the property developer’s technique Boosting Foot Visitors, which enhances the retail shops’ advertising efforts for mutual advantages.

    It additionally marks a milestone that displays Zara father or mother Inditex Group’s dedication to sustainable improvement. In contrast with a standard shopping center, Xidan Pleasure Metropolis says it is ready to assist its tenants’ shops scale back energy consumption by 30 per cent with its environmental safety and energy-saving measures for sustainable improvement.

    Hong Kong listed Pleasure Metropolis Property operates motels and retail amenities in China.

  • China leads L’Occitane progress

    China leads L’Occitane progress

    Hong Kong-listed L’Occitane says international gross sales elevated 11.7 per cent final monetary yr – largely pushed by Hong Kong and China.

    The skincare and cosmetics model achieved gross sales progress in each market in Asia and past.

    In Hong Kong, the place the corporate expanded its retailer community from 32 to 36, the corporate posted gross sales of euro 23.5 million, up 21.2 per cent in native foreign money.

    In China, the place it expanded its community by 25 to 161, its gross sales reached euro 23.1 million, up 28.9 per cent.

    Complete international gross sales topped euro 1.178 billion with similar retailer gross sales up 5.7 per cent. China and Hong Kong have been the quickest rising markets at fixed change charges as properly. Internet revenue rose 35.7 per cent to euro 125.6 million.

    The corporate attributed the constructive outcomes to cautious manufacturers positioning, pricing, on-line actions and beneficial trade charges.

    “The continued investments in product innovation, merchandising, digital and CRM initiatives, advertising in addition to gross sales distribution channels enabled the group to cater the rising demand for our top quality merchandise,” stated the corporate in its earnings assertion.

    “The administration has adopted a selective multi-channel strategy to spice up gross sales and expects investments within the digital and journey retail channels as key drivers of future progress. The continual upgrading and increasing of our retail community, selectively and punctiliously, by means of retailer renovations and relocations has began to bear fruits. All key markets delivered progress in native foreign money.”

    L’Occitane’s internet gross sales in Japan rose by six per cent, or by eight.eight per cent on fixed change price foundation, contributing 14.four per cent to general progress. The corporate stated Japan’s enchancment was the results of profitable product launches, new retailer openings and renovations, elevated media and advertising investments and an general improve in vacationer purchases.

    “The turnaround in Japan market mirrored administration’s endeavor in executing a constant technique up to now few years and to reinforce the model’s premium positioning in Japan which is the most important market of the group. The robust progress of Melvita in Japan additionally presents an ideal alternative to additional construct this rising model and unlock its full potential.”

    Taiwan’s internet gross sales rose 7.three per cent, or by2.6 per cent on fixed trade charges.

    The wholesome similar retailer gross sales progress was attributable to profitable new product launches, and an enchancment within the retail retailer community, the corporate stated.  Non-comparable shops, nevertheless, recorded a drop of 6.2 per cent, primarily because of the disposal of the Melvita enterprise to an area distributor in 2014.

    Plan to strengthen different manufacturers

    L’Occitane stated that with its ongoing dedication to a multi-brand technique, the group will particularly strengthen model recognition within the yr forward for its rising manufacturers like Melvita, L’Occitane Au Brésil and Erborian via efficient advertising campaigns.

    “The group will proceed to revamp its Melvita model and to introduce its Erborian model to extra markets, in flip additional develop its model portfolio.”

    The group additionally plans to implement a brand new advertising program to reinforce the L’Occitane model consciousness in international markets. It says it is going to undertake measures specializing in digital advertising, advertising communication, product sampling in addition to the opening of interesting flagships with optimised footfall and gross sales conversion. Extra particulars and progress shall be reported regularly.

    “The group will proceed to protect and improve the id of its star model L’Occitane en Provence in addition to different rising manufacturers via a number of channels. In addition to its instantly owned, renovated retail outlets, the group is specializing in retailing its pure ingredient based mostly well-being merchandise via journey retail, on-line market, in addition to environment friendly wholesale channels.

    “The booming development of journey retail all over the world and ever-growing eCommerce market in China permits us alternative for market outreach. The group will undertake efficient advertising approaches, on-line and offline, in an effort to additional raise up its model profile and to cater the rising demand in these platforms.”

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