Tag Archives: SSI

SSI partners with Muji operator to bring Japan brand to PH

Muji

(Source: The Manila Times | 23 January 2017) Specialty stores operator SSI Group Inc. has signed a joint venture deal with a Japanese company to bring the Muji retail brand to the Philippines. SSI Group, through its wholly owned subsidiary Stores Specialists Inc. (SSI), entered an agreement with Japan’s Ryohin Keikaku Co. Ltd. (RKJ) to form a joint venture company called ...

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Joe Fresh opens stores in the Philippines

SSI group president Anton Huang; Joe Fresh’s Jack Ribbas, Kari Talley, Tom Cario, Crickette Tantoco; special assistant to the chair and CEO at SSI Michael Huang

(Source: Philippine Daily Inquirer | 3 June 2016) Loblaw Companies Limited and its affiliates, the owners of the Joe Fresh brand, in partnership with Stores Specialists, Inc., a division of SSI Group, Inc., are pleased to announce the launch of Joe Fresh in the Philippines. The first Joe Fresh store is now open in Shangri-La Plaza mall in Manila. The ...

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ALI, SSI sell ‘Wellworth’ store assets to MRSGI

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(Source: Inquirer.net | 2 March 2016) An Ayala-Tantoco joint venture has sold the Wellworth department store retailing assets in Fairview Terraces Mall and UP Town Center Mall to Gaisano-led retailer Metro Retail Stores Group Inc. (MRSGI). The deal will allow MRSGI to expand its network of department stores in these two key locations by a combined total gross floor area of ...

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Retailer SSI’s Q3 net profit drops on forex, JV losses

SSI

(Source: Business World | Nov. 13, 2015) SSI Group, Inc.’s net profit fell in the third quarter, dragged down by the losses from new retail ventures, even as nine-month earnings got a lift from strong sales. The Tantoco-owned specialty retailer posted an annual 38% decline in net profit to P115.25 million in the three-month period, according to a regulatory filing. ...

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SSI Group scouting for ASEAN brand acquisitions

SSI

(Source: The Manila Times, by Kristyn Nika M. Lazo | Aug. 26, 2015) On a roll in expanding its luxury retail brands, Tantoco-led SSI Group Inc. has set its sights on acquiring more brands in the Association of Southeast Asian Nations (Asean) region. “We continue to seek brands and suppliers that manufacture within the Asean region that would allow us to ...

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SSI enters travel retailing

SSI

(Source: Philippine Daily Inquirer, by Doris Dumlao-Abadilla | August 13, 2015) Specialty retailer SSI Group Inc. has entered the travel retailing business with the acquisition of a 50 percent stake in a company specializing in travel retail concepts. SSI has bought into Landmark Management Services Ltd. – which has existing supply and management agreements with travel retail stores in the ...

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SSI prepares to expand its Cebu footprint

SSI

(Source: SunStar, by Kathlene O. Cacho | August 2, 2015) SSI Group Inc., the country’s largest specialty store retailer, is expanding its presence in Cebu as it plans to add at least 15 new international brands here. SSI President Anthony Huang told reporters that the group’s aggressive expansion in Cebu is buoyed by its growing affluent market and the projected ...

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SSI can sustain 22% growth pace

SSI

(Source: BusinessWorld | by Krista Angela M. Montealegre | June 15, 2015) Specialty retailer SSI Group, Inc. expects to sustain the pace of expansion it had seen in the first quarter throughout the rest of 2015, helped by investments of up to P3.7 billion, the company’s president said yesterday. “For the year, we’re looking at anywhere between 19% and 22% top ...

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Specialty store retailer SSI profit rises 22% in Q1

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(Source: ABS-CBNnews.com | May 13, 2015) SSI Group, Inc., the Philippines’ largest specialty store retailer, reported an unaudited net income of P267 million in the first three months of 2015, 22 percent higher than a year ago. SSI attributed the strong profit growth to store expansion, improvements in operating margins and its expansive brand portfolio, which includes Gucci, Hermès, Gap, Marks ...

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Specialty retailer to bring in 3 more global brands

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Source: Philippine Daily Inquirer 9:48 AM | Thursday, November 13th, 2014   MANILA, Philippines–Newly listed specialty retailer SSI Group is bringing three new global brands to the Philippines and rolling out its e-commerce platform in line with expansion plans for the year.   In a disclosure to the Philippine Stock Exchange on Wednesday, SSI said it had acquired the Philippine franchise ...

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