Scotch & Soda targets Asian expansion

Scotch & Soda targets Asian expansion

Scotch and Soda has struck a five-year collaboration with distribution partner ImagineX Group to expand its Asian store network, with the first to arrive in Hong Kong. 

Expand network

Scotch & Soda aims to build a store network in Hong Kong, Macau, Taiwan and mainland China, according to FashionUnited with the first to arrive this month in the Harbor City shopping center in Hong Kong. That area already has stores from Versace, Maje and Ralph Lauren. Scotch & Soda will also place its second store in Hong Kong, in October.

 

The brand has already been present in this particular market ever since 2008, thanks to the Lane Crawford department stores. It has also entered the Chinese market in 2009, while ImagineX states that Scotch & Soda is one of the best performing brands in Lane Crawford. "The booming middle class with an income that is on the rise is looking to personalize its clothing style, but it  also appreciates the background and quality of the brands they purchase", Thomson Cheng, ImagineX's managing director, said about the excellent Asian sales performance of the Dutch brand.

 

Expand in US and UK as well

Scotch & Soda will not only expand in Asia, but also in the United States - where it already has more than 10 stores and a web shop - and in Great Britain, where it has already opened several new stores last year. In Great Britain, it now aims for expansion outside of London.

 

Investment company Sun Capital Partners, aiming for international expansion, has owned Scotch & Soda (founded in 1985) ever since 2011.

Questions or comments? Please feel free to contact the editors


Italian gelato is European market leader

11/08/2017

Italian cuisine is revered all across the globe, with people often thinking of pizza and pasta. However, Italians also have an ironclad reputation when it comes to ice cream. This is also reflected in sales, because Italians are the European market leader.

Oprah Winfrey and Kraft Heinz join forces

10/08/2017

American tv star Oprah Winfrey has joined forces with Kraft Heinz to develop a range of “healthy and nutritious soups and side dishes”. The range, currently only available in the United States, should help Kraft Heinz generate turnover growth once more.

Ahold Delhaize continues to struggle in Belgium

09/08/2017

Belgian-Dutch supermarket group Ahold Delhaize has had a very good second quarter, with the company thinking last year's merger could result in lower costs than previously anticipated. On the other hand, Belgium's performance is still weak.

Sainsbury’s wants to cut 1,000 jobs

07/08/2017

Sainsbury’s, the second largest supermarket chain in the United Kingdom, is allegedly planning to cut 1,000 office jobs in order to save up to 500 million pounds (550 million euro).

Higher Kraft Heinz profit despite lower turnover

04/08/2017

Food company Kraft Heinz’ second quarter like-for-like turnover dropped slightly, but the American company did manage to seriously enhance its profitability.

Max Koeune becomes new McCain CEO

03/08/2017

Max Koeune will become potato processing company McCain Foods’ new CEO. The Canadian family business revealed the news after its current CEO, Belgian Dirk Van de Put, moved to the world’s largest snack manufacturer, Mondelez.

Back to top