Grocery Retailer Eyes Rapid Growth in the Philippines

Grocery Retailer Eyes Rapid Growth in the Philippines

Nov 1, 2019

Philippine grocery retailer MerryMart Grocery Centers Inc announced that it plans to open 10 stores in 2019 before accelerating its expansion in the next decade. The company aims to rollout 1,200 Merrymart branches nationwide in the next 12 years, with systemwide...
Changi Airport Group Awards Liquor & Tobacco Concession to Lotte

Changi Airport Group Awards Liquor & Tobacco Concession to Lotte

Nov 1, 2019

Changi Airport Group (CAG) announced on 24 October 2019 that it has awarded its core-category Liquor & Tobacco concession tender to South Korean retailer, Lotte Duty Free (Lotte). The concessions was with the Hong Kong-based DFS Group for 40 years, which decided...
Indonesian Digital Sales and Marketing Company Raises USD 3 Million

Indonesian Digital Sales and Marketing Company Raises USD 3 Million

Oct 1, 2019

Pomona, an Indonesian provider of marketing and digital sales solutions for the packaged consumer goods and fast-moving consumer goods sector, has successfully closed a USD 3 million fundraising round. The round was led by Vynn Capital, supported by Shanghai-based...
Connell Acquires Inno-Cosmic and Nation Maple in Malaysia

Connell Acquires Inno-Cosmic and Nation Maple in Malaysia

Oct 1, 2019

Connell, a US-headquartered leading marketer and distributor of specialty chemicals recently bought Inno-Cosmic Sdn Bhd and Nation Maple, two distributors of instant beverage raw materials in Malaysia. The acquisition will further expand Connell’s product line...
SMIC Targets Nationwide Expansion

SMIC Targets Nationwide Expansion

Oct 1, 2019

SM Investments Corporation (SMIC), the Philippines’ largest conglomerate, has announced plans to ramp up its property and retail projects. SM Prime Holdings, SMIC’s property development arm, reported a significant increase in its total land bank for condominium...