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Tag: franchise

Retail Asia18/02/2022
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Food

Subway Thailand plans 700 new stores

3min0
The sandwich chain is aggressively doubling its current network of restaurants in the region to over 6,000 in the next five years. Subway has signed a new master franchise agreement with the existing multi-unit franchisee About Passion Co. Ltd. to significantly expand its presence in Thailand. The new deal sees About Passion Co. Ltd. opening […]
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Retail Asia28/12/2021
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Food

Low-cost café franchising booms despite Covid

3min0
Despite the Covid-19 pandemic, more and more low-price cafés are franchising and doing well. At 9.00 every day a Napoli café franchisee on Dong Nai Road, District 10, HCMC is crowded. Its owner, Hoang, says: “We directly serve hundreds of customers a day. The number of customers making orders via apps is double that.” A […]
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Retail Asia28/06/2021
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Finance

UOB Taps Digital Innovation to Grow Wealth Franchise

3min0
The bank aims to double its wealth fee income by 2026, which translates to a compound annual growth rate of over 15 percent over the next five years. UOB is hoping get more of its customers to kickstart their investment journey by expanding its digital wealth offerings and investing in digital innovation, particularly as customers in the […]
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Retail Asia12/04/2021
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Food

Papa John’s launches in Cambodia

1min0
US pizza chain Papa John’s is launching in Cambodia with 15 restaurants scheduled to open during the next three years. The company opened its flagship store in Phnom Penh last month. “Papa John’s Cambodia team is truly passionate about pizza,” said Peter Xu, Papa John’s Cambodia franchisee. “With our ‘Better ingredients – Better pizza’ promise, […]
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Retail Asia29/10/2020
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General

Tokyu department store leaves Thailand

2min0
Japanese department-store chain Tokyu is to exit Thailand, the third Japanese retailer to withdraw from the country this year. Tokyu aims to close its last store at Bangkok’s MBK shopping center next January, ending 35 years of trading in the city. The retailer closed its second, newer store at Paradise Park last year. The department […]
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Retail Asia20/02/2020
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General

Global franchise operators eye Thai growth

2min0
Franchise brands from the US, France and China are eyeing opportunities in Thailand which has become a strong drawcard for offshore companies, according to consultants. Southeast Asian specialist VF Franchise Consulting is holding a franchise-business matching event in Bangkok next week, with local partner Gnosis which has drawn businesses keen to establish a presence in […]
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Retail Asia24/01/2020
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Food

Japanese franchise Kura Sushi to launch in China

1min0
Japanese restaurant franchise Kura Sushi is launching in its third overseas market, China. The brand has already enjoyed some success in the US and Taiwan, and is now set to open its first Chinese mainland location in Shanghai. Ten further locations are planned for the territory later this year. According to a Nikkei report, the […]
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Retail Asia27/09/2019
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Food

Hattendo bakery to franchise stores in Hong Kong

3min0
Japanese baker Hattendo is planning to ramp up its store rollout in Asia, with particular focus on Greater China and Southeast Asia. The company – known for its cream-filled buns – already has stores in Hong Kong, Singapore, and Australia. Its next stop is Malaysia where it will launch next month after finding a local […]
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Retail Asia10/09/2019
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Research

Costs hidden from potential franchisees business

4min0
Would-be food franchisees are not being given the full picture before they buy into a business, with several franchisors withholding important details including the contact information of former franchisees. The ACCC has also found food franchisors were consistently failing to disclose key unavoidable ongoing costs, such as wages, rent or inventory, and were not detailing which […]
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Retail Asia31/07/2019
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Food

Everstone to sell Burger King India franchise

1min0
Singapore-based private equity firm Everstone plans to sell its Burger King India franchise. The firm is reportedly in advanced discussions with Rahul Bhatia-controlled InterGlobe group to sell the franchise a deal worth US$204 million. The fast-food chain operates 140 outlets, spread across cities in north, west and south India. Last year, its sales reached $54 […]
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Retail Asia24/07/2019
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General

Vietnam franchise opportunities Booming

4min0
Fourteen international brands are seeking for Vietnam franchise partners. The brands will gather at VF Franchise Consulting headquarters in Ho Chi Minh City on July 9 to meet with prospective area or master franchisees for the market. The franchises are in the food-and-beverage sector, education, services, and come from the US, Taiwan, Thailand, Singapore, India […]
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Retail Asia16/07/2019
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Food

Yogurtland Expanding with Indonesian Stores

1min0
American franchise Yogurtland has entered an agreement to expand throughout Indonesia via the formation of Yogurtland Indonesia Global Mandiri. The agreement involves the establishment of 10 outlets in the territory within three years, starting off with a location at Central Park Mall this October. Indonesia is home to more than 270 million people and has […]
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Retail Asia02/05/2019
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Fashion

Rebecca Feng buys LK Bennett

2min0
UK-based affordable-luxury fashion-brand LK Bennett has been sold to its Chinese franchise partner Rebecca Feng. Rebecca Feng, who operates the label’s business in China under a franchise agreement, competed with several interested buyers following the fashion retailer’s entry into administration last month, including founder Linda Bennett. The purchase reportedly places stores in Britain and Ireland […]
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Retail Asia24/04/2019
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Fashion

Burberry Shanghai Closes Flagship Store

3min0
he Burberry Shanghai flagship store has been shuttered as the British luxury-goods retailer looks to reduce costs. It is the fourth Burberry location within Mainland China to be shuttered within the last eight months as part of a global restructuring effort, representing a conspicuous and somewhat puzzling drawing back from a key luxury market. The […]
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Retail Asia12/03/2019
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General

Thailand franchise market ready for further growth

2min0
Thailand franchise consultancy Gnosis Co expects a healthy market for franchises in the country. Gnosis MD Sethaphong Phadungpisuth said more than 50 chains from both local and international brands are exploring the market this year following measures to ease regulations on the part of the Business Development Department. “The Thailand franchise market will become more […]
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Retail Asia07/03/2019
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Food

Hong Kong’s Hui Lau Shan launching in Philippines

1min0
Hong Kong dessert chain Hui Lau Shan will launch in the Philippines in February. The franchise, best known for its mango-based treats,will open at SM Megamall in Mandaluyong City with a range of desserts that are expected to draw on local fruits. Mango desserts have proven popular in the region recently, with prominent social media […]
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