KUALA LUMPUR: Malayan United Industries Bhd’s (MUI) 98.21 per cent-owned indirect subsidiary Metrojaya Departmental Stores Sdn Bhd is revamping its retail offerings. MUI wants to introduce new retail formats and brands targeting different consumer demographic profiles. Executive chairman and chief executive officer Andrew Khoo Boo Yeow said the focus was on experiential retailing, engaging shoppers…
Being exposed to ventures outside the family business has its own perks. Here’s how the new executive chairman of Malayan United Industries (MUI) Andrew Khoo thrives by roping in fresh perspectives to the company. Stepping into his father’s shoes as the executive chairman of Malayan United Industries is a monumental task, but Andrew Khoo is…
Refurbished Corus Hotel ready to serve guests better #BernamaNews : Being a pioneer in the hotel industry back since 1980, Corus Hotel Kuala Lumpur the first hotel built along Jalan Ampang, marks its 34 years of operation, since a rebranding exercise in 2001. To celebrate that prestigious achievement, the hotel had refurbished the Executive Floor…
KUALA LUMPUR: Malayan United Industries Bhd (MUI) has set plans to develop an integrated transit-oriented development (TOD) in Bandar Springhill in Seremban with a gross development value of RM440 million. With 1,084 acres of landbank in Bandar Springhill, the company expects between 10 per cent and 15 per cent capital appreciation for the TOD, supported…
KUALA LUMPUR (April 30): Malayan United Industries Bhd (MUI) has confirmed a news report that it is putting its Corus Hotel Hyde Park in London up for sale. Britain’s The Times newspaper reported yesterday that MUI has appointed international investment bank N.M. Rothschild & Sons Ltd as its financial adviser for the sale. In a…
SINGAPORE: Laura Ashley, the British home furnishings and fashion retailer best known for its signature floral prints, is optimistic that China will be the “right market” as it turns to Asia with hopes of rejuvenating falling sales and profits. Its foray into one of the world’s biggest consumer markets, alongside other plans in Asia, will…
Long known for its pastoral English garden-inspired prints, iconic fashion and home decorating brand Laura Ashley is relying on technology far beyond its Victorian-era esthetic to grow its global online business. The company said it will partner with Oracle (NYSE:ORCL) Commerce Cloud to support its growing online presence and create an integrated customer experience across…
Laura Ashley Holdings Plc has announces that its chairman Tan Sri Dr Khoo Kay Peng has retired and is stepping down with immediate effect. Tan Sri Dr Khoo, who has been chairman for the UK brand since 1999, will be replaced by Andrew Khoo Boo Yeow, Non-Executive Director of the Company and current Executive Chairman…
Retailer Laura Ashley is set to close 40 of its stores as it pays its attention to expanding its market in China. The company’s new chairman said he expects to reduce the number of UK stores from 160 to 120. Andrew Khoo said that he wanted larger stores to “showcase the brand.” He added that…
PETALING JAYA: Prominent Malaysian corporate captain Tan Sri Khoo Kay Peng is retiring as executive chairman of Malayan United Industries Bhd (MUI) after having helmed the company for four decades. He has been succeeded by his son, 46-year-old Andrew Khoo Boo Yeow, who assumed the role of group CEO on Jan 1 this year. Under Khoo’s stewardship,…