Malaysia Relaxes Rules for Foreign Grocery Retail Operators
Malaysia has relaxed the rules governing foreign operators of large-format grocery stores, following a recent revision on the Guidelines on Foreign Participation in the Distributive Trade Services 2020 that took place in January 2020. Large-format grocery stores in...
Indonesian B2B FMCG Marketplace Obtains Seed Funding
Gudangada, an online B2B FMCG (Fast Moving Consumer Goods) marketplace, has obtained seed funding in the double digit millions in a seed from Alpha JWC Ventures and Wavemaker Partners. Singapore-based private equity firm Pavilion Capital is also part of this funding...
Malaysia’s Largest Home Retailer Mr DIY to Open 100 More Stores Nationwide
Malaysia’s largest home improvement products retailer, Mr DIY Group Berhad is targeting to open at least 100 additional stores in Malaysia in 2020. Currently, the company has 583 stores nationwide and holds an estimated market share of 25.4%. Mr. DIY stated that it...