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Tag: wings

  • OCE Debuts in Bangkok: Nordic Brand Spreads Wings in Thai Retail Market

    OCE Debuts in Bangkok: Nordic Brand Spreads Wings in Thai Retail Market

    OCE, a lifestyle brand inspired by Nordic culture, has launched its first retail location in Thailand, marking another stride in its ongoing global expansion efforts. The brand, originally based in Guangzhou, set up shop in Bangkok’s Central Chaengwattana shopping centre, introducing the Thai market to its “Nordic laid-back aesthetics”. Customers are offered a diverse selection of over 2000 unique products to choose from within the store.

    A Positive Outlook on Thai Retail Market

    Kenneth Tng, the International Leasing Head at Central Pattana, the parent company of the shopping centre, expressed optimism about OCE’s new venture. He stated that the store’s launch underscored the growing vitality and appeal of Thailand’s retail sector.

    “It’s a privilege for Central Pattana to be chosen as a collaborator for such a pivotal moment in OCE’s worldwide growth,” Tng added. He further stated that the new concept was unveiled at Central Changwattana on June 19.

    Tng reassured that Central Pattana will persist in its commitment to deliver innovative, fresh, and globally pertinent retail experiences to its clientele. The company also plans to continue supporting international brands, like OCE, making their entry and expansion in the Thai market.

    OCE has a strong presence in Mainland China, operating over 50 stores, primarily in the major cities. Last year, the brand extended its reach to Europe with a flagship store opening in Copenhagen, Denmark, and also made its debut in Malaysia with a store launch in Kuala Lumpur.

    Questions & Answers

    What is OCE’s brand inspiration?
    OCE takes inspiration from Nordic culture to create its unique, laid-back aesthetic.

    Where is OCE’s first store in Thailand located?
    OCE’s first Thai store is positioned in Central Chaengwattana shopping centre in Bangkok.

    Does OCE have a presence outside of Asia?
    Yes, OCE expanded its reach beyond Asia in 2020 with the opening of its European flagship store in Copenhagen, Denmark.

  • KFC New Zealand drives Restaurant Brands’ sales

    KFC New Zealand drives Restaurant Brands’ sales

    Restaurant Brands total group sales grew 2.7 percent over during the first half of FY20, though net profit fell 2 per cent due to the adoption of a new leasing standard.

    Total group sales, which include KFC, Pizza Hut and Carl’s Jr. in New Zealand, as well as KFC operations in Australia, and Taco Bell and Pizza Hut in Hawaii, grew to $442.6 million – an increase of $11.6 million on the prior year.

    Net profit fell to $20 million, 2 percent lower than the $20.4 million seen during 1H19, due to the adoption of NZ IFRS 16, which knocked net profit down $2.9 million as a result of lease depreciation costs.

    The bulk of the sales improvement came from KFC’s New Zealand operations, which saw sales up 7.9 per cent to $193.5 million.

    Same-store sales grew 5.7 percent, while EBITDA totaled $41.8 million, driven by a further roll-out of the business’ delivery operations, as well as successful product promotions and the opening of three new stores.

    Pizza Hut saw a more difficult half, with total sales down 10.5 percent to $18.3 million despite the expansion of the chain’s store network. Same-store sales also fell 4.4 percent due to competitive pressure, the impact of launching new stores, as well as the appearance of new food delivery companies in the New Zealand market.

    Restaurant Brands also confirmed it would be opening its first New Zealand Taco Bell at LynnMall Shopping Centre in Auckland next month.

    “Initial planning and setup is well underway to bring this exciting new brand to the New Zealand market with the first new store in Auckland targeted to open in November,” the company said in a release.

    Restaurant Brands chief executive Russel Creedy said the group would launch up to 25 Taco Bells across New Zealand in the next five years.

    The group’s Australian results were adversely affected by a stronger New Zealand dollar, with KFC Australia seeing 4.2 percent total sales growth to $99.5 million. Restaurant Brands is also planning to open two Taco Bell stores in New South Wales, Australia in the calendar year.

    “The overall business continues to deliver solid results across all geographic markets and this strong performance is expected to continue in the second half of the year,” the group said.

    The directors believe that, not including further impact of NZ IFRS 16, Restaurant Brands will deliver an NPAT at least 10 per cent higher than FY19 – having previously stated they are expecting a net profit of $45 million for the FY20 period.

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  • Lion Air to reduce Ticket Prices From April

    Lion Air to reduce Ticket Prices From April

    Airlines under the Lion Air group, namely Lion Air, Wings Air and Batik Air, operate with reduced airfares on all routes starting Saturday.

    “The reduction in ticket prices is Lion Air group’s answer to challenges and opportunities in the travel business, and aims to accommodate demand for air travel while improving flight operations,” Lion Air spokesman Danang Mandala Prihantoro said in a release on Saturday.

    He went on to say that Lion Air was striving to provide convenience for passengers while prioritizing safety and comfort.

    Lion Air tickets with the new lower fares can be reserved through all travel agents and Lion Air’s website.

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