9 hours ago
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.
