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The Weekly News Update is a weekly
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India - Hamleys
seeks to enter Indian market
Source: The Times,
22 March 2008
Hamleys, the
world's largest top shop, is preparing to enter the Indian market
through a joint venture with Reliance Retail. However, the
British-based retailer will face some hurdles in India. Its
partnership with Reliance is likely to have to take the form of an
arm's-length licensing deal, because retailers that sell several
brands - as Hamleys does - are barred from investing directly in the
Indian market.
India's highly fragmented retail industry is estimated
to be worth nearly GBP200 billion (US$395 billion) a year and is
expected to double in value by 2015. However, the prospect of
foreign chains entering the market has triggered political concerns
amid protests from independent retailers.
Japan - Supermarkets to woo
frugal consumers with private brands
Source: Asia
Pulse, 24 March 2008
Supermarket operators such as Aeon, Seven & i
Holdings and Seiyu plan to expand their offerings of private-brand
products at a time when rising food prices are taking a bite out of
consumers' wallets. And with wages stagnant, households are not
likely to see a big increase in their disposable income anytime
soon. Major retailers therefore believe that demand for cheaper
private-label products will pick up.
Supermarket sales nationwide came to Y14
trillion (US$140 billion) in 2007, down 20% from their 1997 peak.
Supermarket operators have relied on major food makers for product
development and distribution. By bolstering private-brand offerings,
these retailers aim to boost sales at their
stores.
Vietnam - Shiseido to build
cosmetics factory
Source: Channel NewsAsia, 25
March 2008
Japan's cosmetics maker Shiseido will build a new
factory in Vietnam as part of its efforts to tap fast-growing demand
in emerging Asian markets. It will invest Y4 billion (US$40 million)
in the new facility in Southern Bien Hoa, just outside Ho Chi Ming
City. Work on the plant will commence in December 2008 and is
expected to be completed in October 2009 and begin operating two
months later.
Amid lacklustre sales in Japan where the population is
both ageing and shrinking, Shiseido is increasingly looking to
overseas markets to drive its growth. About 36% of its total sales
came from overseas in the current fiscal year ending March
2008.
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This Weekly News Update is a free newsletter,
providing a round-up of the week's Asia-Pacific news from our core
industry practices. If you have colleagues or friends who may be
interested in subscribing, please forward this email to them and copy knowledge@fusionc.com.
Fusion Consulting is a
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Asia-Pacific markets. With offices in Shanghai, Singapore and Hong Kong and
400 industry consultants in 16 countries, we conduct custom research
and consulting to help companies understand their markets, compete more
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