Retail News CRM

Tag: inc.

  • Boots to launch in south korea

    Boots to launch in south korea

    Walgreens Boots Alliance, Inc. (Nasdaq: WBA), the first global pharmacy-led, health and wellbeing enterprise, today announced that it has signed an agreement to form a franchise partnership with Emart Company Ltd (a member of Shinsegae Group), South Korea’s number one hypermarket retailer. Together, they will create a Boots branded pharmacy-led, health and beauty retail franchise in South Korea.

    Under the terms of the agreement, Boots branded stores will be opened in shopping malls, on high streets and within the outbound areas of Shinsegae department stores and Emart hypermarkets. The Boots stores will each feature an independent pharmacy and a range of Boots owned products and ‘exclusive to Boots’ brands as well as leading Korean brands.

    “South Korea is considered a leading market for skincare and cosmetics products in Asia today.  We believe there is a significant opportunity to extend the reach of Boots own brands into this market and are thrilled to be doing so with Emart,” said Ornella Barra Co-Chief Operating Officer of Walgreens Boots Alliance. “Emart is the preeminent retailer in South Korea and their strong experience as well as their marketing expertise gives us great confidence in the long-term potential of this partnership.”

    “We are delighted to have the opportunity to introduce the Boots brand, and offer pharmacy care as well as acting as a beauty and healthcare destination by also offering a wide range of both Korean and Boots product brands.” said Gab-Soo, Lee, CEO of Emart Inc.

    The first stores are expected to open before the end of the first half of calendar year 2017 and will include Boots highly regarded and exclusive No7 and Soap & Glory products.

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  • Aeropostale unveils more expansion in Asia and EMEA region

    Aeropostale unveils more expansion in Asia and EMEA region

    Aeropostale, Inc., an American mall-based specialty retailer of casual apparel for young women and men, has announced additional expansion plans in Asia and the EMEA region. Through two new licensing agreements, Aeropostale will launch in Thailand and Egypt over the next five years, it said in a press release.

    Julian R. Geiger, CEO of Aeropostale, said, “Aeropostale’s international expansion began in Asia and the Middle East and it is with great pleasure that we announce further expansion across these key regions. Thailand and Egypt will be important markets as we continue to expand globally across Asia, the Middle East and Africa. We are confident that our partnerships with Robinson Department Store and Q and A Retail Company will ensure that the Aeropostale brand will continue to thrive and prosper internationally.”

    The company has signed a licensing agreement with Robinson Department Store Public Company Limited to open approximately 40 standalone and shop-in-shop locations over the next five years in Thailand. The first Aeropostale location in Thailand will open in the Robinson Department Store in Sriracha.

    Paresh Chauhan, Executive Vice President of International Brands at Robinson Department Store, said, “Robinson Department Store is very excited to bring Aeropostale to the Thailand market place, with the brand’s strong combination of trend-right merchandise at compelling prices. We hope to emulate Aeropostale’s success and be the leaders in teen fashion in our market.”

    Aeropostale has also signed a licensing agreement with Q and A Retail Company to open approximately 10 standalone stores over the next five years in Egypt.

    “We are eager to partner with Aeropostale to bring this iconic brand to North Africa for the first time. We are confident that the strength of the Aeropostale brand will resonate with the consumers of Egypt and we look forward to continuing our expansion throughout the region over the next several years,” said Ayman Seoudy, Director of Q&A Retail Company.

    Aeropostale’s expansion plans in Thailand and Egypt are planned to begin in early 2016, the release said. (SH)

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  • Datem, Metro Retail Stores IPO plans okayed by SEC

    Datem, Metro Retail Stores IPO plans okayed by SEC

    The Securities and Exchange Commission (SEC) on Friday approved two initial public offering (IPO) plans worth a combined P10.82 billion.

    In a special meeting, the corporate regulator greenlighted construction firm Datem, Inc. and Gaisano’s Metro Retail Stores Group, Inc.’s bids to raise P4.65 billion and P6.17 billion, respectively, by going public.

    The IPO plans still have to be approved by the Philippine Stock Exchange (PSE). If accepted, the market debuts would be the third and fourth for this year.

    The bourse has said that it was targeting nine to 10 IPOs for this year but PSE President Hans Sicat has revised this to five given market volatility.

    Metro Retail
    Gaisano family’s Metro Retail Stores Group Inc. is looking to raise up to P6.17 billion from the IPO, offering a total of 1.012 billion shares (920 million for the base offer and 92 million for oversubscription) at P6.10 each.

    Final pricing has been scheduled for October 29 and the offer period will run from November 2 to 6. Listing at the PSE Main Board is expected on November 12.

    Expected net proceeds of P5.285 billion — without the overallotment option — after offer and listing expenses and taxes will be used for expansion of the firm’s store network (P3.752 billion), construction of a logistics and distribution center (P1.215 billion) and working capital requirements (P317.2 million), mostly for 2016 up to 2017.

    BPI Capital Corp. and Deutsche Bank AG have been appointed joint global coordinators.

    Metro Retail is the operator of Gaisano stores, including Market! Market! in Bonifacio Global City. As of end-June, the company had 45 stores nationwide, including nine in Metro Manila, with a total net selling space of about 197,873 square meters.

    Datem
    Datem, Inc., meanwhile, wants to raise P4.65 billion to expand its activities in construction, housing and bulk water.

    It wants to sell up to 329.046 million shares (286.127 million for the base offer and 42.919 million for oversubscription) at P14.15 per.

    The offer period is scheduled to run from November 16 to 24, while listing at the PSE Main
    Board is targeted by the end of November.

    BPI Capital Corp. and First Metro Investment Corp. have been appointed joint issue coordinators, lead underwriters and bookrunners.

    Datem has ongoing projects with big developers, including eight residential developments for Megaworld Corp., One Shangri-La Place for Shang Properties Inc., Twin Oaks Place for Greenfields Development Corp., Arya Residences for Arthaland Corp., Grand Hyatt Residences for Federal Land Inc., Axis Residences for Robinsons Land Corp., The Makati Place for Alphaland Corp. and Parksuites for Anchor Land Holdings Inc.

    Other IPO hopefuls for this year, and the amounts they want to raise, include D.M. Wenceslao & Associates Inc. (P21.7 billion), restaurant chain operator Gweilo Corp. (P75 million), Green Power Panay Philippines Inc. (P290 million), property developer Italpinas Development Corp. (P242 million), brokerage firm Philstocks Financial Inc. (P185.89 million), Philippine Primark Properties Inc. (P1.2 billion) and BPO firm Pointwest Technologies Corp. (P2.09 billion).

    Only two firms have listed so far this year: Crown Asia Chemicals and SBS Philippines Corp.

    Arman Pan, SEC acting corporate secretary, said the final decision on whether or not to go public lay with the firms themselves.

    “Approval [of IPO plans] is easy. It is just a question of whether firms will push their listings this year given the market volatility,” Pan said.

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  • Playphone Game Store Expands into Asia With GASH Prepaid Game Cards at 114000 Retail Outlets

    Playphone Game Store Expands into Asia With GASH Prepaid Game Cards at 114000 Retail Outlets

    Playphone®, Inc., a global leader in mobile social gaming and recently acquired by premier game developer GungHo, announced today a partnership with Gamania Digital Entertainment Co., Ltd. (GASH), a leading Asian online game publisher based in New Taipei City, Taiwan. Playphone and GASH are partnering to offer Asian gamers a revolutionary new social gaming experience with the world’s most popular games, a unique set of advanced social features, and GASH prepaid game cards − the preferred local payment method for the region.

    Playphone develops and operates social game stores worldwide, offering mobile gamers a single engaging app to discover, download, play and share thousands of their favorite games with friends. Playphone Game Stores are deeply integrated with social features throughout the gaming experience, easily connecting gamers with friends to recommend games, challenge or invite to play, brag leaderboard ranks, and more. Playphone’s gaming platform, with games from over 3,000 global developers, is rapidly expanding distribution in emerging markets.

    GASH is the largest online game publisher and digital entertainment platform in Taiwan, and its prepaid card platform is the most widely used game payment system in the region. GASH prepaid cards facilitate mobile purchases of paid games or in-game items without the need of a credit card. Gamers purchase GASH prepaid game cards in varying denominations at over 114,000 retail outlets in Asia. The GASH digital entertainment platform supports over 10 million active users, and current GASH users can now use their prepaid GASH cards to purchase paid games and in-game items from the Playphone Game Store.

    “Our partnership with GASH perfectly aligns with Playphone’s vision of providing the best social gaming experience in Asia, where gamers are hesitant to input credit card information into their mobile apps,” said Ron Czerny, CEO and Founder of Playphone. “As a gaming leader in the region, GASH has provided an invaluable contribution to our efforts to tailor our gaming experience to local Asian gamers.”

    “We are very excited to partner with Playphone to offer GASH gamers a technically-advanced, personalized gaming experience,” said Simon Lu, Chief Operating Officer of GASH. “And our partnership is a huge win for game developers, who simply upload games to the Playphone Developer Portal for instant access to Asian distribution and the GASH payment solution.”

    Game developers add games to the Playphone Game Store simply by uploading their existing Android game file (APK) to Playphone’s Developer Portal (developer.playphone.com). Playphone’s technology automatically integrates the game into the Playphone platform, providing the game with instant access to Playphone’s global distribution channel, preferred local payment solutions including GASH prepaid game cards, and world-class social features.

     

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