Mexico´s wholesale grocery trade grew +6.2% in 2018
The wholesale grocery trade achieved a 6.2% growth in terms of value and 1.5% in terms of volume during 2018, despite the fact that this year was complicated due to thefts and traffic that the sector faced, said Iñaki Landáburu Llaguno, Executive President of the National Wholesalers Association (ANAM).
There was growth in all areas of the country and in all the products marketed by ANAM associates. Landáburu explained that the three companies with the highest sales in the national wholesale channel were: Nestlé, which concentrated 8.4% of the total, Kimberly with 7.8% and Gamesa with 4.9%, which implies an increase of 10.8%, 0.3% and 5.5% respectively, compared to 2017.
Mexico´s biggest drug store company to open 300 new outlets
Described by the newspaper “El Financiero” as the largest drug store in Mexico and Latin America, Farmacias Similares finished 2018 with 6,400 stores in Mexico.
“The expansion goal is to add 300 more this year,” said the company´s Strategy and Product Promotion Director, Víctor González Herrera. The plan will add 1,200 jobs to the franchiser´s existing 17,000.
According to the market research firm Euromonitor International, Farmacias Similares has beaten competitors like Farmacias Yza and Farmacias del Ahorro, taking 10.9% of the market, with estimated sales of US $2.9 billion.
The firm recently opened a number of stores in the tunnels of the Mexico City subway system, but their profitability does not compare to that of the traditional drug stores.
Instead of looking for new venues or business models, González said, Farmacias Similares will focus on launching a wider variety of products, along with its own name brand.
The Executive explained that the sale of over-the-counter medications, vitamins and skin care products represent 30% of the firm´s revenue.
Chatime Malaysia “Thirstea Troopers” reach you all the time
In Malaysia, do you find a special truck with purple and white colors around the streets and alleys? That’s Chatime’s Thirstea Troopers, a new lifestyle drink shop created by Will Group, originally run mining and construction works, afterward started to be one of “Chatime” franchisee in 2011. Finally in 2017, Will Group formally became the general agent in Malaysia of “Chatime”, the brand originated from Taiwan and owned by La Kaffa International Co.
Will Group explained that global bubble tea market valued approximately USD 1,945.6 million in 2016, and is anticipated to grow more than 8.5% over the forecast period 2018-2025 based on a report issued by a research firm, Mart Research. For Food &Bakery fans, especially among youth, it has become a lifestyle trend.
To be outstanding from the competitive market, Will Group regards themselves as a F&B player.
They offer affordable price, the fancy yet tasteful flavors and the “cool” feeling that they put in the products as well as the outlet has made it positioned well among the younger group. They continue to create the unique and localize taste drinks as well as organizing the various lifestyle campaigns such as healthy drinks campaign (less sugar), festive drinks, etc.
Besides outlet shops, Chatime’s Thirstea Troopers is another excellent idea to tie up with other parties for any potential collaboration with fashion, education and entertainment. In addition, they introduced loyalty program, ongoing promotions and Malaysian flavor drinks menu to win the market and grab customers’ attention. Now their best-selling drinks are Pearl Milk Tea, Grass Jelly Roasted Milk Tea, Cocoa Smootea with Oreo Cookie Piece and Mango QQ.
In 2011, Will Group was just a small franchisee with only two outlets respectively in Genting Highlands, Pahang & KL Sentral in Kuala Lumpur. Up to now Will Group has operated “Chatime” brand for almost 2 years and expanded over 40 outlets in Malaysia. During the past 2 years, their strategy was to build solid foundation, execute expansion plan, brand positioning, and generate online presence. In Mar. of 2018, Chatime Malaysia has been awarded halal food certification from the Department of Islamic Development Malaysia (Jakim). Will Group has a great dream. Their future plan is to penetrate Singapore and Saudi Arabia market in 2019. The ultimate target is to open 15 outlets in Singapore, and 30 in Saudi Arabia.
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Kuwait’s MASBI group exclusive agent for US Chuck E Cheese in Kuwait, Bahrain
Kuwait’s MASBI Group announced signing an exclusive agency agreement with the American family fun and restaurants chain; Chuck E Cheese, by powers of which five branches would be opened in Kuwait and two others in Bahrain by 2030 with total investment value of over KD 1 million.
American trademark had entered Middle East markets for the first time in KSA, where it has over 40 branches all over the Saudi Kingdom. As its second regional market, Kuwait is so promising thanks to the economic stability, which ensures rewarding investment returns.
MASBI’ executive operations manager, Ahmed Al-Subai’e expressed pleasure for the group’s expansion in family amusement fields following its remarkable successes in construction, jewelry and restaurants. The first Chuck E. Cheese branch is expected to be launched by the second quarter of this year”, adding that MASBI group was currently selecting the suitable location and that further branches would gradually be opened within five years.
Chuck E Cheese provides all family recreational needs under one roof including various recreational games, cartoon figures and food and beverages through its own restaurant, which makes it a unique one stop for family recreation in Kuwait. the center also provides high quality security to give parents peace of mind and assurance that their kids are totally safe and having fun. This leading recreational center will also provide special programs for birthdays and kids special occasions.
Mexican child entrepreneurship model BusinessKids conquers Asia and Africa
The Mexican childlike entrepreneurship model BusinessKids will continue with its expansion plan, in pursuit of reaching India and the Ivory Coast, as well opening more stores in the U.S. and Latin America.
The company´s Director, Maricarmen Cabrera, explained that the company encourages children to learn to do business with social and ecological awareness, in addition to the goals of economic and personal growth.
Currently, BusinessKids has 73 franchises in operation, 62 of them in Mexico and the rest abroad: Costa Rica, Guatemala, the U.S., Spain, El Salvador, Colombia and Panamá.