Bits and Snippets of the Philippines

Basic Reading of Global Filipinos

Posts Tagged ‘Retail

Franchise Show in the Philippines at World Trade Center Manila

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The Association of Filipino Franchisers, Inc. (AFFI) is holding the 9th Filipino Franchise Show is happening on September 16-19, 2010 at the World Trade Center along Roxas Boulevard.

This year’s tradeshow will not be like any other staged before. The 9th Filipino Franchise Show will run for four days instead of just three days, which was the case in the previous tradeshows held. The show will also be occupying two exhibit halls this time to accommodate more proven successful franchisers, as well as new and promising brands belonging to the food, retail and service industries.

The 9th Filipino Franchise Show is indeed rich with opportunities for aspiring entrepreneurs and seasoned businessmen in search of the right venture, and also for established companies wanting to grow their business through franchising.

For more information, contact:

Association of Filipino Franchisers Inc.

Tel. Nos. (02) 506-8883 (02) 506-8883 (02) 506-8883 (02) 506-8883 0917-518-AFFI, 347-0153, 534-1134

Click to: www.franchiseshowphilippines.com

Photo by richardjosephsiy at Flickr.com

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SM to Build 3 Malls a Year in China

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SM retail tycoon and billionaire Henry Sy will be building 3 malls a year in China as an expansion strategy ro rebound from the global recession. SM Prime Holdings Inc. is expected to spend 5.5 billion Pesos in China this year. According to Forbes magazine, Henry Sy is estimated to be worth $2.7 billion. SM Prime expects to open one mall in 2010 and increase the pace to 3 malls a year by 2013. About 20% of the Philippine’s consumer spending is done through SM’S malls and stores, and the company gets 33 cents of every U.S. Dollar spent by families of Filipinos working abroad. SM Prime doesn’t sell retail space, instead preferring long-term recurring rental income and will apply the same principle in China. It will focus on the mainland’s emerging cities because their development and consumers’ profiles closely resemble those at home.

Click here to read the Bloomberg.com article.

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Written by Raffy Pekson II

July 20, 2009 at 9:52 am