World Franchise Review 2018

WORLD FRANCHISE REVIEW News South East Asia News South East Asia Jollibee (Philippines) acquires master franchise holder of Tim Ho Wan (Hong Kong) Filipino fast-food giant Jollibee Foods Corporation (JFC) will invest up to $45 million (P1.74 billion) in private equity fund Titan Dining LP to buy the master franchise holder of the Tim Ho Wan brand in the Asia Pacific. Tim Ho Wan is a Michelin-star dim sum restaurant chain which originated in Hong Kong in 2009. Franchising takes Vietnamese brands to the world RedSun ITI has taken its chain of Truly Vi ệ t restaurants to Australia under the franchise model. It has set up a joint venture with an Australian partner to open the first restaurant in Melbourne with a menu that features four popular traditional Vietnamese dishes, g ỏ i cu ố n (fresh spring roll), ph ở (noodle soup), bánh mì (Vietnamese sandwiches), and bún ch ả (vermicelli with grilled pork and fresh herbs). Minor (Thailand) puts B12BN into global expansion SET-listed Minor International (MINT), a hospitality, restaurant and lifestyle company, has set aside a combined 12 billion baht in capital expenditure for the next five years to expand its food business, excluding the growth of the Benihana restaurants it recently acquired. Paul Kenny, a Minor International director, said the company is committed to continuing expansion of all its brands across the portfolio. World Franchise Associates signs agreement with T BUN Bun & Bubble Tea Exclusive agreement targets worldwide expansion for one of the fastest-growing franchises in South Korea. World Franchise Associates has announced the signing of an agreement to exclusively represent T BUN Bun & Bubble Tea for international development opportunities with a focus on Asia and the Middle East. Massimo Zanetti (Italy) signs master franchise agreement for Indonesia Italian coffee chain operator Segafredo Zanetti has reached a deal with Indonesian operator PT Deli Boga Rasa for 80 additional coffee shops in the country. Malaysia’s franchise industry is expected to grow five per cent in 2018 Malaysia’s franchise industry is expected to grow five per cent this year due to its good prospects in the international markets. Domestic Trade, Cooperatives and Consumerism Minister, Datuk Seri Hamzah Zainudin said the industry contributed RM27 billion to the country’s gross domestic product (GDP) last year. “Malaysia is on track to be the regional hub in South East Asia for the franchise industry. The industry aims to contribute RM35 billion to the national GDP in the next two years.” PT Deli Boga Rasa, which Segafredo Zanetti describes as a partner that with vast experience in the food and beverage sector, will be the master franchise in Indonesia. It will open the first coffee shop as soon as Indonesia’s authorities approve the registration of the franchise. BGF Retail Co. (South Korea) awards Mongolia franchise BGF Retail Co., operator of South Korea’s largest convenience store chain CU, said on Tuesday that it struck a master franchise deal with Mongolian retailer Central Express to advance into the East Asian country where the consumer market has been rapidly developing amid growing young population. The latest deal is the second of its kind for BGF Retail after a contract with Iranian retail firm Entekhab Investment Development Group last year. Phinma group to develop TRYP (US) in the Philippines Betting on brighter Philippine tourism prospects, industrial conglomerate Phinma Corp. has officially opened its biggest hotel property to date—the first under the TRYP by Wyndham brand—and is set to open two more hotels under the no-frills brand Microtel. Phinma recently held a grand opening reception for the 191-room TRYP at the Mall of Asia (MOA) complex, the first of the eight TRYP properties that Phinma has committed to develop in the Philippines in the next 10 years. FIM 2018 records potential franchise transaction value of RM410m Franchise International Malaysia 2018 (FIM 2018) has recorded a potential transaction value of RM410 million, an increase of more than ten percent as compared to the previous year with RM373 million. Vietnam has huge potential in franchising Many international and regional brands will enter Vi ệ t Nam’s retail and franchise sector in the coming years, according to experts taking part in Vi ệ t Nam Retail and Franchise Conference held in HCM City yesterday. “Vi ệ t Nam is a growing market for the retail and franchise sector,” said Suttisak Wilanan, deputy managing director of Reed Tradex. Fatburger (US) opening in Singapore FAT Brands, parent company of Fatburger and Buffalo’s Express, has signed a deal with Deelish Brands Pte Ltd. to develop co-branded Fatburger and Buffalo’s Express restaurants across Singapore in the next three years. The first will open late 2018, according to a company release. SMI (Singapore) to develop the Coffee Bean & Tea Leaf in Myanmar Singapore Myanmar Investco (SMI) announced on Monday that it has secured an exclusive deal to set up and develop The Coffee Bean & Tea Leaf (CBTL) brand in Myanmar, expanding its arrangement with the coffee chain. The move comes amid rising competition as Myanmar residents, particularly in Yangon, move up in to the middle-class bracket. Point S (France) awards Philippines master franchise Point S has expanded into the Philippines market. Connecting with the 7,641 islands that make up the Philippines is seen as a strategic move, following the operations expansion into India and Malaysia. According to the company, it will significantly increase Point S’s footprint in the Asian and global tyre landscape. Point S has expanded into the Philippines market. Connecting with the 7,641 islands that make up the Philippines is seen as a strategic move, following the operations expansion into India and Malaysia. According to the company, it will significantly increase Point S’s footprint in the Asian and global tyre landscape. Costa Coffee (UK) to franchise in Malaysia GAPURNA Permai Sdn Bhd, a wholly-owned subsidiary of Oil Ehsan Sdn Bhd, has tied up with Costa Coffee PLC to expand the London-based coffee chain here. The two parties recently signed the heads of terms agreement which appoints Gapurna as Costa Coffee’s master franchisee in Malaysia. 9

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