Vanzo taps Taiwan market with exclusive Watsons distribution deal
KUALA LUMPUR: Vanzo Holdings Bhd's wholly owned subsidiary, Vanzo Asia Sdn Bhd (VASB), has entered into an agreement with Taiwan-based Xishangxi International Marketing Co Ltd (XIMCL).
Under the agreement, XIMCL is appointed as the exclusive distributor of VASB's products in both online and physical Watsons stores in Taiwan, Vanzo said in a filing with Bursa Malaysia.
VASB has the right to authorise XIMCL to distribute the products to other key retail channels such as pharmacies, supermarkets, minimarkets and convenience stores.
Vanzo said the agreement is for a two-year period, commencing on June 20, 2025 and expiring on June 19, 2027.
'The agreement enables VASB to enter Taiwan's fast-moving consumer goods (FMCG) market through Watsons. The products are expected to be available to Taiwanese consumers across Watsons' over 500 outlets starting September 2025.
'This initiative shall enable VASB to further expand its market presence in Taiwan's FMCG market through additional key retail channels, including pharmacies, supermarkets, minimarkets and convenience stores,' Vanzo said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
3 hours ago
- The Star
Vanzo taps Taiwan market with exclusive Watsons distribution deal
KUALA LUMPUR: Vanzo Holdings Bhd's wholly owned subsidiary, Vanzo Asia Sdn Bhd (VASB), has entered into an agreement with Taiwan-based Xishangxi International Marketing Co Ltd (XIMCL). Under the agreement, XIMCL is appointed as the exclusive distributor of VASB's products in both online and physical Watsons stores in Taiwan, Vanzo said in a filing with Bursa Malaysia. VASB has the right to authorise XIMCL to distribute the products to other key retail channels such as pharmacies, supermarkets, minimarkets and convenience stores. Vanzo said the agreement is for a two-year period, commencing on June 20, 2025 and expiring on June 19, 2027. 'The agreement enables VASB to enter Taiwan's fast-moving consumer goods (FMCG) market through Watsons. The products are expected to be available to Taiwanese consumers across Watsons' over 500 outlets starting September 2025. 'This initiative shall enable VASB to further expand its market presence in Taiwan's FMCG market through additional key retail channels, including pharmacies, supermarkets, minimarkets and convenience stores,' Vanzo said.
The Sun
6 hours ago
- The Sun
Watsons Malaysia presents IOI City Mall Fashion Week 2025
WATSONS Malaysia collaborated with IOI City Mall Fashion Week 2025 to present a vibrant showcase of health and beauty brands and products, including the unveiling of its new uniforms under its refreshed brand identity ' The New Beautiful '. As the official makeup and hair partner, as well as the headline brand of the four-day fashion showcase, Watsons took centre stage at IOI City Mall Fashion Week with a full brand takeover. The runway and retail space were transformed with the vibrant energy of Watsons' refreshed uniforms, designed to empower team members with a modern functional look that reflects their identity. 'We call it 'The New Beautiful' because beauty today is no longer just about how we look, it is about how we feel, how we care and how we live. This collaboration reflects how we show up every day proud, confident and connected to our customers. Alongside this, we are also unveiling our new uniform, exciting new experiences for our members with an advanced loyalty program, health and lifestyle initiatives, e-commerce and express delivery services and exclusive promotions, that define the future of Watsons,' said Watsons Malaysia managing director and AS Watson Group Health & Beauty Asia COO Caryn Loh. The runway debut featured Watsons' Ambassadors Phei Yong and Ayda Jebat, along with Celebrity Friends, including Amber Chia, Nabil Mahir, Fiqrie, Arisa, Joshua, Gajen, Shu Faye and Kavitha. With the upgraded Watsons Club experience, customers now enjoy the biggest rewards programme through W Rewards, which recently entered the Malaysia Book of Records as the most merchant touchpoints in a CRM card. From eStamps to a host of exclusive benefits, every shop becomes more rewarding. Supporting holistic health and wellness, Watsons also introduced the 45+ Club, a programme with tailored benefits and rewards for elder members. Online, Watsons continues to lead with seamless services, including 24/7 shopping, express delivery as fast as two hours and daily online-exclusive deals and sales. In line with ' The New Beautiful ', Watsons remains at the forefront of curating in-demand beauty products across cultures. From the latest in K-beauty and J-beauty to spotlighting Malaysia's homegrown beauty brands, Watsons offers diverse trend-driven selections that resonate with every beauty lover. The excitement continues with the upcoming Watsons Beautopia Beauty & Wellness Expo, set to take place at IOI Grand Exhibition and Convention Centre from July 3 to 6, a four-day celebration where enthusiasts can explore the best of skincare, makeup, wellness and exclusive brand experiences all under one roof. Backstage, Watsons transformed beauty into artistry as the official hair and makeup provider for the entire fashion week. The event featured flawless looks powered by leading brands, including Bad Lab, BZU BZU Little Lady, Dazzle Me, Maybelline, Skintific and APT Hair Salon, with styling support from Watsons' portfolio of beauty and health brands, such as Ever Collagen, Hair System by Watsons, Judydoll, Kate, Kiss Me, Klorane, Lucidol-L, NH Detoxlim, Schwarzkopf, Silkygirl, Swisse, Wardah, Wet n Wild, Y.O.U, Yukazan Supplement and Watsons Brand. The immersive Watsons experience continues throughout the week with runway shows, influencer appearances and beauty activations until tomorrow. Fashion takes centre stage at Watsons x IOI City Mall Fashion Week, with daily catwalks featuring brand collaborations between Watsons and mall tenants. Highlights include the Lacoste Fashion Show by Swisse, IOI Weddings by Maybelline, Sui Sui by Y.O.U, Kashka by Wardah, East India Company by Bad Lab, Bayu Somerset & Clarks by Dazzle Me, Colegacy by Skintific and the Kids Fashion Show featuring Babyshop, Max Fashion, Mothercare, Poney and Rookie by BZU BZU Little Lady.
The Sun
6 hours ago
- The Sun
Derivatives trading boom in India
MUMBAI: Half a dozen global trading giants, from Citadel Securities and IMC Trading to Millennium and Optiver are ratcheting up their presence in India's booming derivatives markets – fuelling a hiring spree and pushing exchanges to improve technology. The firms' hiring plans, being reported for the first time, come amid expectations that large domestic consumer and investor bases will help shield India from global turmoil sparked by the trade policies of US President Donald Trump. The South Asian nation made up nearly 60% of global equity derivative trading volumes of 7.3 billion in April, the Futures Industry Association says, while its regulators say notional turnover of the contracts has grown 48 times since March 2018. For Western firms, the gold rush is too big to ignore, particularly after US trading firm Jane Street earned US$2.34 billion (RM9.9 billion) from its India trading strategy last year, some of the firms' executives said. 'We have seen competition increasing both on the trading front, where you see more players going for the same opportunities, and on the job market as well,' said Jocelyn Dentand of global high-speed trader IMC Trading. The firm plans to grow its team by more than 50% by the end of 2026 to stand at more than 150, added Dentand, the managing director of its India unit. Foreign investors turned buyers of Indian stocks in April and May, purchasing a net US$2.8 billion, as they abandoned their previous selling stance from October 2024 to March 2025, prompted by high valuations and slower growth in earnings. US-based Citadel Securities, a market-making firm founded by well known investor Kenneth Griffin, runs a leaner team of around 10 in India but has ramped up capital allocation to its operations, said a source familiar with its plans. 'In India, we're constantly looking for talent and constantly hiring,' said the source, who sought anonymity in the absence of authorisation to speak to the media and declined to give details of the plan. Hedge fund Millennium is expanding its India desk via Dubai and Singapore, said a source with direct knowledge of the matter, who also sought anonymity on the same grounds. Millennium declined to comment for the story. Citadel Securities did not respond to an email seeking comment. Netherlands-based Optiver, which launched India operations in 2024, plans to grow its team to 100 by the end of 2025, a spokesman said, up from 70 now. 'Optiver is investing ambitiously in India, with a view to expanding to 100 FTEs by year-end and scaling further in the years ahead,' the spokesman added. Amsterdam-based trading firm Da Vinci and London-based Qube Research and Technologies are also recruiting for quantitative trading roles in India, public postings for jobs show. Global trading firms are also looking to expand in India by recruiting aggressively from top domestic universities and poaching from home-grown competitors. They have hired about 300 people in India in the last two years across the trading, technology, compliance, risk, and legal functions, Hong Kong-based recruiter Aquis Search estimates. 'We foresee a good run for the next few years,' said Annpurna Bist, its head of quant and tech. Intensifying competition has driven up salaries, with even junior traders paid more than double the figure of three years ago, said Bhautik Ambani, head of AlphaGrep Investment Management, one of India's leading quant trading firms. India's top engineering schools have become the favoured hunting grounds for talent. 'We almost solely hire our traders and software engineers from Indian Institutes of Technology (IITs),' said IMC's Dentand, referring to the country's chain of prestigious engineering schools. But hiring efforts are now being widened to the universities beyond the IITs, Dentand said. The influx of global trading firms has opened up opportunities for India's two main exchanges, which are both upgrading their tech infrastructure. The National Stock Exchange of India (NSE) plans to add 2,000 co-location racks over the next two years while older stalwart the Bombay Stock Exchange (BSE) aims to scale up to 500 by the end of fiscal 2026, from none in March 2024. Such racks are servers at exchanges that cut trade execution times to microseconds. 'We are a late entrant and need to provide additional value for the unfulfilled demand from high-frequency trading firms and quant firms, amongst others, for co-location racks,' said BSE CEO Sundararaman Ramamurthy. The exchange has spent between 4.5 billion rupees and 5 billion rupees (RM221 million to RM247 million) on technology in the last two years, he said. The NSE and regulator the Securities and Exchange Board of India did not respond to queries for the report. – Reuters
