Posted by in Food, Hypermarkets & Supermarkets on Nov 11, 2020 .

AEON CO. (M) BHD (AEON) is a leading General Merchandise Stores (GMS) cum Supermarket chain in Malaysia, with 28 AEON MALLs, 34 AEON Outlets, 5 MaxValu Prime Supermarkets across the country. It was listed on Bursa Malaysia in December 1996 as Jaya Jusco Stores Berhad (Jaya Jusco). Jaya Jusco set up its first retail store in Malaysia in June 1985 at Dayabumi Complex Kuala Lumpur. For financial year ended 31 December 2019 AEON reported revenue of RM4.5 billion and profit before tax of RM196.9 million.  

Its sister company, Aeon Credit Service (M) Berhad (Aeon Credit)  is also listed on Bursa Malaysia (12 December 2007). AEON Credit...

Posted by in Asia, Malaysia on Sep 18, 2020 .

The Pandemic has devastated the cruise industry across the board globally. The first to send a warning out in early May 2020 was Norwegian Cruise Lines (NCL) which announced that it may not survive the Coronavirus and it couldn’t guarantee that it could continue as a going concern. But it managed shortly thereafter to secure US$2.23billion funding from bond and equity investors  “to cover over 12 months of voyage suspensions” according to Bloomberg. That was a big relief to NCL.  

Carnival Corporation, the world’s largest cruise operator which owns Carnival CruiseLine, P&O Cruises, Princess Cruises, Seabourn Cruise line, Costa Cruises,...

Posted by in Asia, Malaysia on Sep 23, 2020 .

Founder of Nirvana Asia Ltd, Tan Sri David Kong Hon Kong, 66, has come a long way from being the son a poor rubber tapper family in Kuala Lipis, Pahang to become one of the richest men in Malaysia. Forbes stated his net worth as US$900 million as at 3 April 2020. In 1990 he established Nirvana Memorial Park in Seminyih, Selangor on 323 acres of former plantation land. On 3 August 2000, he listed Nirvana as  NV Multi Corporation on the Main Market of Bursa Malaysia (then the Kuala Lumpur Stock Exchange). In an interview with the Star newspaper, Tan Sri David Kong said, “I simply had a dream to provide seamless, worry-free death services,...

Posted by in Funds & Tech, PE Funds on Sep 24, 2020 .

Singapore-based Shopee is a mobile e-commerce app which was launched in 2015. It is now a leading e-commerce platform in Southeast Asia and Taiwan. Shopee is part of SEA Ltd, the biggest online gaming company to list on the New York Stock Exchange. SEA has also a digital payments and financial services provider under SeaMoney which includes products offered under brand names AirPay, ShopeePay, ShopeePayLater and other brands tailored to countries in Southeast Asia and Taiwan.  

Founder of Shopee, Forrest Li, 42, holds an engineering degree from Shanghai Jiaotong University and an M.B.A. from Stanford University. He is the Chairman and...

Posted by in Food, International Food Franchises on Sep 25, 2020 .

The Starbucks coffee chain in Malaysia is operated by Berjaya Starbucks Coffee Company Sdn Bhd, which is part of listed Berjaya Food Berhad. Berjaya Food is part of the Berjaya Group which is founded by Tan Sri Vincent Tan Chee Yioun. Starbucks was not a franchise but a partnership between the Berjaya Group and Starbucks Coffee International Inc on a 50:50 basis when the first Starbucks was opened in KL Plaza in Kuala Lumpur on 17 December 1998. On 18 September 2014 Berjaya Food acquired the 50% stake of Starbucks Coffee International for RM279.52 million (US$88 million). So Starbucks Malaysia is now 100% operated by Berjaya Food.  

As...

Posted by in Food, Malaysian Food Franchises on Sep 25, 2020 .

Ah Cheng Laksa started as a stall in 1960 in Simpang Empat, Alor Setar, Kedah by a couple whose children eventually took over the business and started franchising it. One of the children is said to be named Ah Cheng. In 2014 Ah Cheng Laksa won The Star People’s Food Awards for the “Best Asam Laksa Category”. Ah Cheng Laksa also offers curry laksa, pan mee, nasi lemak with ayam rendang or ayam goreng, herbal chicken soup with rice, keropok lekor and more. It has more than 20 outlets in the Klang Valley.  

Ah Cheng Laksa’s central kitchen has been certified halal by the Malaysian Islamic Development Department. Goh Chun Hiang, a director...

Posted by in Food, Hypermarkets & Supermarkets on Sep 29, 2020 .

Mercearia Grocer, founded on the neighbourhood grocer concept of providing fresh market and grocery items, is run by MAHSA Grocers Sdn Bhd, a private company belonging to its founder, Tan Sri Dr. Hj. Mohamed Haniffa. Tan Sri Haniffa started the MAHSA educational group in 2004 at Pusat Bandar Damansara with the Diploma in Nursing course. MAHSA stands for Malaysian Allied Health Sciences Academy. Over a decade, he has successfully built up MAHSA into a University with its own 48 acre campus in  Bandar Saujana Putra. Today MAHSA University has students from 75 different countries. 

Tan Sri Dr. Haniffa chose the name Mercearia, which in...

Posted by in Food, Convenience Store Chains on Sep 29, 2020 .

KK Super Mart has more than 300 outlets mainly in the Klang Valley, Putrajaya, Cyberjaya, KLIA2, Malacca and Seremban. Founded by Datuk Seri Dr. KK Chai in 2001, the first KK Supermart occupied the ground floor of a shop lot at Kuchai Entrepreneurs Park in Kuala Lumpur with the initial capital of only RM60,000.00. Today the 24 hours convenience store chain is still expanding at a rapid rate. The KK Group of companies has stated that they have plans to grow the chain to 1000 outlets by 2023. KK Super Mart offers 9,000 variety of daily essential products including its own KK house brand at competitive prices. Its outlets also offer other...