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Tag: The Promenade

  • Mr Pizza follows K-pop into Thailand

    Mr Pizza follows K-pop into Thailand

    South Korean pizza brand Mr Pizza has opened its first store in Thailand, with plans to add four more outlets this year.

    Its debut store is in the commercial and entertainment district of Ratchada Rd in Bangkok, in the first basement floor of the seven-storey The Street mall.

    Mr Pizza owner MPK Group says this is the first foray out of Korea for the franchise, and a second store will open in The Promenade mall in Kannayao, Bangkok, in July.

    “Thailand is one of the biggest markets in Southeast Asia, and food and beverage accounts for 40 per cent of the country’s $7 billion franchise industry,” says Son Dong-hee from MPK. “With the popularity of Korean pop culture, I am sure we will be successful in Thailand.”

    To prepare for the Thailand franchise business, the Korean food company established a joint venture with Thailand food retailer Foodland Supermarket last year. Foodland Supermarket runs 18 retail stores and about 50 restaurants, including dim sum restaurant Tim Ho Wan and fusion-food restaurant Long Table.

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  • Siam Retail building two more malls

    Siam Retail building two more malls

    Thai property developer Siam Retail is building two more Terminal 21 shopping malls – in Pattaya and Nakhon Ratchasima province.

    President Prasert Sriuranpong says the company is investing 6 billion baht (US$170.5 million) in the Pattaya development because it is one of three main tourist destinations outside Bangkok, along with Phuket and Chiang Mai.

    “Pattaya is full of foreign tourists, and the number of arrivals will continue to increase in the coming years,” he says. “Our lifestyle shopping mall will take about two years to complete.”

    Meanwhile, the Nakhon Ratchasima project will be ready before the end of the year. Terminal 21 Korat is near the Mitrapap Highway and is being developed under the “Market Street” concept – themed shopping based on seven world cities, with a sightseeing tower as high as 30 storeys.

    Also costing 6 billion baht, the mall will offer 200,000 sqm of retail space, almost triple the size of Terminal 21 Asoke in Bangkok, which has 70,000 sqm. Anchor tenants include SF Cinema City, The Rink Ice Arena, Fanpekka theme park and Foodland Supermarket. Shops will offer 200 local and international brands.

    Siam Retail plans to spend 100 million baht to promote the mall. Nakhon Ratchasima is considered a gateway to the northeast, with a population of 2.6 million, including more than 50,000 university students. It is also a tourist destination, with more than 5 million visitors each year.

    Siam Retail had revenue of 3.5 billion baht last year, up by 9 per cent from 2014 despite the economic slowdown. More than half the revenue came from Fashion Island, 25 per cent from Terminal 21 Asoke and the rest from The Promenade and Life Center.

    The new malls are part of the company’s 20-billion-baht expansion plan over the next six years. Apart from shopping malls, the company will turn its attention to hotels and property investments in Britain.

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  • Burberry, Gucci at Macau

    Burberry, Gucci at Macau

    Burberry, Prada and Gucci head a list of international fashion brands progressively opening at The Promenade shopping centre in the Galaxy Macau.

    The Promenade is part of the stage 2 development of the integrated resort, which opened its doors on May 27. But a number of retail spaces were not complete.

    But on Friday, high-flying British luxury apparel brand Burberry opened its new store there – its third in Macau. And Gucci will follow later this month.

    Prada will open a store at The Promenade in October.

    UK fashion brand Daks and Japanese denim labels Evisu and Moussy will also open stores soon, according to the Galaxy Entertainment Group.

    Louis Vuitton opened a store last month.

    “We are excited to be welcoming top luxury brands to Galaxy Macau for the first time, connecting our increasingly discerning guests with the most iconic retail brands from around the globe,” said Kevin Clayton, chief marketing officer of Galaxy Macau.

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