Scotch & Soda targets Asian expansion | RetailDetail

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


Starbucks dumps plastic straws worldwide

12/07/2018

American coffee company Starbucks will ban plastic straws in their stores starting from 2020. A small step for coffee enthusiasts, but a big step for the environment, as the coffee giant uses about a billion straws every year.

AB InBev joins forces with Efes in Russia

12/07/2018

In order to counter the decline of their success on the Russian market, Belgian beer giant AB InBev has placed its activities in Russia in a joint venture with Turkish Anadolu Efes.

Jumbo appoints new head of Belgian branch

11/07/2018

Dutch Jumbo Groep Holding has made a management reshuffle, with Peter Isaac becoming the new managing director of the group's Belgian branch. Bart van den Nieuwenhof meanwhile is set to leave the group's restaurant chain La Place.

Snacks boost Pepsico’s sales

10/07/2018

Snack and beverage giant Pepsico has recorded a slight revenue growth of 2.4 % in the second quarter of this year. Net profit however went 14 % lower, due to rising taxes.

Ahold Delhaize changes management in Greece and Romania

09/07/2018

Ahold Delhaize has announced two changes to its management team in Europe: Vassilis Stavrou becomes Brand President of Alfa Beta in Greece. He succeeds Leonidas Vrettakos, who is retiring after 21 years with the business.

Tesco and Carrefour to join forces

02/07/2018

Brexit or no Brexit, British Tesco and French Carrefour have joined forces for the purchases of both A-brand products and private labels. Service suppliers too will face a united front from now on.