Eastern Home Shopping & Leisure Co Ltd (EHS, 東森購物) yesterday said it aims to grow revenue more than 20 percent to NT$16 billion (US$544.2 million) this year, driven by collaboration with a Japanese skincare brand and efforts to gain customer loyalty.
EHS’ revenue last year totaled NT$13.2 billion, with Japanese products contributing about one-third, suggesting that local consumers have a strong interest in goods from that country, the company said.
“We have spent a year-and-a-half discussing cooperation with Assuran KK. We believe the introduction of Assuran’s skincare products into Taiwan will largely benefit EHS’ sales performance,” Gary Wang (王令麟), chairman of Eastern media Group (東森集團), the parent company of EHS, told reporters after a news conference in Taipei.
Assuran is one of the leading skincare and cosmetics products companies in Japan, with annual revenue of about ￥40 billion (US$362.4 million), EHS said.
EHS and Assuran have established a joint venture, Assuran Eastern Co Ltd (AEC, 亞朱蘭東麟), with paid-in capital of NT$20 million to sell the Japanese firm’s products in Taiwan, AEC chairman Ted Peng (彭鴻?) said.
Assuran holds a 20 percent stake in the joint venture, while EHS holds an 80 percent stake, he added.
AEC is to initially introduce five Assuran products into EHS’ sales channels, including TV channels and catalogues, and gradually introduce the number of products in Taiwan, Peng said.
AEC plans to host events inviting EHS’ VIP customers to EHS’ office in Taipei to try the products, he said.
The members-only activities are expected to increase interactions between EHS and its VIP customers to improve customer loyalty, he added.
Gogoro Inc (睿能創意) yesterday launched its first electric bicycle, the Gogoro Eeyo 1, in Taiwan, after unveiling the bike in New York in late May and in France on Tuesday. The company said it would also introduce the series in other European countries such as Germany and the Netherlands. The “Eeyo project” is the fourth of Gogoro’s eight projects that concentrate on smart transportation, which includes Gogoro’s electric scooter, battery swap system and electric scooter sharing service, company founder and chief executive officer Horace Luke (陸學森) told a media briefing in Taipei. “There are various types of city commuters. We will not
BAD RAP: The exchange said Tatung had seriously breached shareholders’ rights and failed to give a satisfactory explanation of its board election dispute Tatung Co (大同) shares yesterday plunged by the maximum daily limit of 10 percent to NT$18.90, the lowest in three months, after the Taiwan Stock Exchange (TWSE) on Tuesday evening changed the company’s classification to a full-delivery stock effective tomorrow. The TWSE’s move follows the company’s failure to give a clear and satisfactory explanation of why it deprived dozens of shareholders of their voting rights during a board election at the annual shareholders’ meeting on Tuesday morning. Under the exchange’s regulations, investors are not allowed to engage in margin trading of a full-delivery stock, TWSE spokeswoman Rebecca Chen (陳麗卿) told
With the US dollar expected to weaken in the next 12 months due to near-zero interest rates, investors should consider purchasing US corporate bonds, Standard Chartered Bank Taiwan Ltd (渣打台灣銀行) said on Thursday. The bank said that the US Federal Reserve since last month has been buying bonds issued by US companies to curb default rates. The US dollar is forecast to be weaker against the pound, the euro and the yen, as well as the Canadian dollar, the Swedish krona and the Swiss franc, as the greenback lacks high investment returns after the Fed in March slashed the benchmark interest rate
SIZE MATTERS: Medium-sized hotels that do not have the support of parent groups are more vulnerable and are forced to take action, a REPro Knight Frank researcher said About 50 hotels across Taiwan are seeking to exit the market as they succumb to the bleak business outlook amid international travel restrictions imposed to combat the COVID-19 pandemic. Yomi Hotel (優美飯店) on Minsheng E Road, Sec 1, in Taipei is seeking to transfer ownership with an asking price of NT$950 million (US$32.15 million) and a pledge for a lease contract that guarantees a 3 percent return. The budget hotel, with room rates that start from NT$1,400 per night, maintains normal operations, but has been struggling since March, when the government placed restrictions on inbound and outbound travel. Occupancy rates for hotels in