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Tag: Jay Mart

  • Jay Mart launches Jaycamera chain

    Jay Mart launches Jaycamera chain

    Thai mobile handset distributor Jay Mart plans to spend THB50 million (US$1.4 million) opening up to 10 Jaycamera shops by the end of this year.

    The outlets are forecast to initially draw in revenue of THB800 million, and within three years the company hopes to claim 40 per cent of the camera market for the lead position in Thailand, with revenue of THB4 billion.

    Chief marketing officer Narathip Wirunechatapant says growth potential in the Thai camera market prompted the company to set up the chain, providing mid- to high-range models and accessories. It will focus mainly on mirrorless and digital single-lens reflex (DSLR) cameras in the THB20,000 to THB200,000 range with young people as the target market.

    The main brands are Canon, Casio, FujiFilm, GoPro, Nikon, Olympus and Sony. In May, the chain will start selling upmarket smartphones such as the Huawei P10.

    Jaycamera launched in the Fashion Island department store, with other outlets to follow in Central and The Mall department stores in and around Bangkok.

    Narathip says that by the end of this year the Thai camera market could reach about THB8 billion and the company hopes to gain about 10 per cent of that.

    By the end of 2019, the company says it will have about 50 Jaycamera shops nationwide, and will also sell camera products at more than 200 Jaymart shops.

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  • Jay Mart snaps up Singer stake

    Jay Mart snaps up Singer stake

    Thailand’s listed electronics and debt assortment firm Jay Mart has purchased a 25 per cent stake in Singer Thailand.

    Retail Holdings NV (Thailand) BV on Monday revealed it had bought its 40 per cent stake in Singer Thailand to a gaggle of buyers for US$44.eight million. The Bangkok Submit subsequently reported nearly all of that funding, equal to 24.9 per cent of the enterprise, was acquired by Jay Mart and that the funding marks the corporate’s first step in the direction of turning into “a totally fledged nanofinance service supplier” giving it entry to Singer’s excessive curiosity mortgage enterprise.

    Retail Holdings stated its subsidiary Singer Thailand will proceed to have a royalty bearing license from the corporate to make use of the Singer model.

    Jay Mart CEO Adisak Sukhumwittaya stated the acquisition will assist his firm broaden all of its present companies quickly, particularly nanofinance and debt assortment, by means of Singer’s distribution channels nationwide.

    Singer has 200 distribution retailers in Thailand, which can be merged with 250 Jay Mart distribution channels.

    Singer Thailand had income of roughly $105.6 million and attributable internet revenue of roughly $1.9 million for the yr ended December 2014. Apart from its house equipment enterprise, Singer operates cell phone recharging stations and petrol merchandising machines in Thailand.

    In the meantime, Retail Holdings retains its remaining operations, probably the most vital a 54.1 per cent fairness curiosity in Sewko/Singer Asia, a distributor of shopper sturdy merchandise in Bangladesh, Cambodia, India, Pakistan and Sri Lanka, with shopper credit score and different monetary providers; and the highly effective Singer trademark.