Malaysia - News & Analysis

17 February 2021
Charoen Pokphand Group, which acquired Tesco’s stores in Thailand and Malaysia, has introduced a new logo and name. From Lotus supermarket to Tesco Lotus and back to Lotus’s CP Group ran into financial challenges in 1998 during the Asian financial crisis and sold 75% of its stake in Lotus supermarket to Tesco. The stores were renamed to Tesco Lotus then. CP re-purchased the Southeast Asian ...
16 February 2021
A.S. Watson has reported some trends that will shape the future of health and beauty, and other retail channels in 2021. Offline + online strategy as the new retail standard The pandemic has changed the shopping habits of customers, evolving their expectations and desires.  Like other retailers, A.S. Watson Group has witnessed a surge in online shopping in 2020, but it was able to adapt qui...
12 February 2021
Foodpanda is one of Asia's fastest growing ondemand delivery providers, offering both meal solutions and grocery deliveries via its app. Using partnerships and its own darkstores to expand into grocery In 2020 we saw Foodpanda partner with more retailers in order to expand its grocery offer via its Pandamart service. However, Pandamart is also developing its own network of stores. The compa...
02 February 2021
Sa Sa International Holdings Limited has announced its unaudited sales for the quarter ending 31 December 2020, with sales down 36.4%. Year-on-year turnover remains negative, but indicates a slowing decline Although Sa Sa’s turnover this quarter continued to slide, the decline is now at a slower pace.  Its overall turnover this quarter increased by 34.8% when compared with the preceding qua...
01 February 2021
AEON has announced a partnership with US-based Boxed Wholesale to accelerate digitalisation of its stores.   Bridging customers from offline to online The tie-up will see the retailer using the ecommerce company’s technology to expand AEON’s offering in the online space. AEON will use Boxed Wholesale’s solution to create a storefront platform and inventory-picking software for its virtual ...
21 January 2021
A.S. Watson Group and Grab, the leading delivery and payment solutions provider in Southeast Asia, have formed a new partnership that will create the largest omnichannel health and beauty partnership in the region. Access to more than 62,000 health and beauty products in six markets Shoppers can now purchase a wide assortment of more than 62,000 health and beauty products from Watsons throu...
11 January 2021
Olive Young, South Korea’s largest health and beauty retailer, announced last week to open an online shop on Shopee, Southeast Asia’s biggest ecommerce platform. Available in Indonesia and Malaysia first About 300 products under Olive Young’s six private brands, WAKEMAKE, colorgram, RoundAround, Botanic Heal boH, Bring Green and Filllimilli, will be available on Shopee. These items will ...
08 January 2021
One of the most common questions I get asked by businesses, is how will my market develop over the next few years. While there remains uncertainty over what the next 12 months will look like, there is a strong sense of optimism that 2021 will be a year to rebuild, but also capitalise on the opportunities that have arisen in the ‘new normal’ across Asia. With this in mind, we have identified five ...
18 December 2020
Tesco has confirmed it has completed the divestment of its operations in Thailand and Malaysia to CP Group . The sale follows regulatory clearance from the Thai and Malaysian competition authorities . CP Group strengthened by Tesco deal CP Group operates across many industrial and service sectors. Its retail arm, CP Food combines vertically integrated agriculture and manufacturing of pr...
09 December 2020
Tesco expects to complete the divestment of its operations in Thailand and Malaysia to CP Group on or around 18 December. The confirmation follows regulatory clearance from the Thai and Malaysian competition authorities  and acceptance of the approval conditions by CP Group. Proceeds to shareholders and to improve pension fund The deal will allow Tesco to return c.£5 bn of net proceeds t...