Amorepacific, a leading beauty company, is making strides in its global expansion by introducing its popular brand, Laneige, into the United Kingdom and the Middle East markets. The move is part of the company’s strategic efforts to tap into new regions and cater to a wider customer base. Laneige, known for its innovative skincare and

Jamba Juice, a renowned smoothie brand originating from the United States, has recently stepped into the Singaporean market, marking its entry into the vibrant Asian city-state. After enjoying tremendous success in the American market, Jamba Juice aims to expand its global presence and satisfy the growing demand for healthy beverage options in Singapore. With its

International master franchising is a unique business model that involves the franchisor granting rights to a master franchisee for the development and sub-franchising of their brand in a specific territory. Under this arrangement, the master franchisee assumes the role of the franchisor within their designated territory, taking charge of activities such as recruiting, training, and

Billionaire Tony Tan Caktiong’s Jollibee Foods Corp. has made the decision to cease operations of PHO24 restaurants in both the Philippines and overseas, as it has agreed to sell the unit to a foreign partner. Jollibee, the fast food giant, is exiting its venture into the Vietnamese noodle chain, which it had initially intended to

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The franchising industry in Asia has been growing rapidly in recent years. According to Franchising.com, the Asia-Pacific region is the largest franchise market in the world, accounting for over 30% of all franchised businesses globally. China is the largest franchise market in Asia with over 4,000 franchise brands and more than 500,000 franchise outlets. Southeast

Lotteria is a popular fast-food chain that specializes in Korean-style burgers, fried chicken, and other dishes. The company was founded in 1979 and has since grown to become one of the largest fast-food chains in South Korea. In recent years, Lotteria has been expanding its operations into other countries in Asia, including China, Vietnam, and

Skylark Holdings, a Japanese restaurant chain operator, plans to expand its overseas presence by opening 170 restaurants in the US and Asia. The company’s CEO, Makoto Tani, said that they will focus on expanding their flagship brands, Gusto and Jonathan’s, in the US market, while also targeting Southeast Asia for growth. Skylark aims to increase

The noodle shop operator, Toridoll Holdings, purchased the chain, Franco Manca, for £95 million ($124 million). Franco Manca has 53 locations throughout the U.K., and the acquisition is part of Toridoll’s strategy to expand its business outside of Japan. Toridoll owns the ramen chain Ippudo, which has locations in 14 countries. It also owns other well-known

From left to right, mutli-unit franchisees Greg Thomas, Gary Robins and Charles Keyser discuss how they select brands to partner with. The session was held at the 2023 IFA Convention. When it comes to selecting a new brand, multi-unit operators are looking for more than just the average unit volume and a detailed Item 19.

FRANdata, an International Franchise Association report, forecasts that despite fiscal challenges, the franchising industry is expected to see growth in both unit development and economic output by the end of 2023. In 2022, there were 790,492 franchised establishments with an economic output of $825.4 billion, exceeding 2021 numbers. The report predicts that by 2023, the

According to research by FranData and the International Franchise Association’s 2023 economic outlook, the number of franchised units in the US is expected to reach 805,000 this year, representing a nearly 2% increase from last year with approximately 15,000 new stores. The projected output of franchising in the US for this year is over $860