OTS - South Korea's Homeplus joins EMD
2019. January 25. 12:45
Pfäffikon, Switzerland, 25 January, 2019 (APA/OTS) - Cooperation
will start in the private label business - Global supply chains
offer increased opportunities for growth to the distributors and
industrial partners involved - retail customers benefit from a
larger assortment variety - The European Marketing Distribution AG
(EMD) welcomes a new partner: Homeplus Co. Ltd, Korea's second
largest retailer, is from now on closely cooperating in the
sourcing of private label products with the leading European
associated group. The agreement signed on Wednesday 23 January in
Zürich by Homeplus' CEO Lim Il-Soon provides also for the option of
cooperation in other areas of intercontinental cooperation.
- Cross reference: Picture is available at AP Images
(http://www.apimages.com) -
Homeplus, founded in 1997, is the second largest company in the
South Korean retailer market with a turnover of 9.7 billion US
dollars (2017). The Homeplus Group owned by the Asian private
equity firm MBK Partners operates currently 752 retail outlets and
eight logistics centres. More specifically, the branch network
comprises 351 supermarkets, 140 hypermarkets, 261 convenience
shops, various shopping malls and bakeries operated in the checkout
areas. The Homeplus Group offers its food and non-food assortments
also online and owns a delivery company.
Homeplus CEO Lim Il-Soon about the partnership with EMD: "We
cannot imagine a better cooperation partner than the successful and
worldwide well-connected EMD. The close cooperation in the private
label business opens for us new and interesting purchasing channels
in Europe with an immediate benefit for our customers. Additional
growth opportunities will also result for our South Korean
suppliers, for which new sales channels in the large distribution
area of the EMD members will be made available."
EMD managing director Philippe Gruyters also points out the
considerable advantages of a transnational trading business: "The
integration of procurement volumes in high demand brings to all
distributors and industrial partners involved higher marketing
dynamics and therefore a more secure turnover. In addition, a
better and more competitive assortment offer will be created, a
result that is in the interest of our retail customers."
Through this now beginning partnership, EMD deepens its
commitment in the Asia-Pacific area, after Woolworths Australia and
New Zealand joined in early 2016.
About EMD
European Marketing Distribution AG, with headquarters in
Pfäffikon, Switzerland, has been acknowledged since 1989 as an
efficient and high-performing partner for Fast Moving Consumer
Goods (FMCG) by the consumer goods industries. The associated group
operates now together with its member companies in 20 countries in
the continents of Europe, Oceania and Asia.
These are the member companies of European
Marketing Distribution (EMD):
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Netherlands: Superunie Sweden: Axfood
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Germany: MARKANT AG Denmark: Dagrofa
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Switzerland: MARKANT Syntrade Czech Republic: MARKANT
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Spain: Euromadi Iberica Slovakia: MARKANT
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Portugal: EuromadiPort Poland: Kaufland
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Austria: MARKANT Österreich Croatia: Kaufland
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Italy: ESD Italia Romania: Kaufland
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Norway: Unil/Norges Gruppen Bulgaria: Kaufland
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Australia: Woolworths Ltd Russia: Lenta
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South Korea: Homeplus Co. Ltd New Zealand: Progressive
Enterprises Ltd
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For further information, please contact:
Rosmanith & Rosmanith
The Art of Communication
Uwe Rosmanith
Unter den Eichen 7
D-65195 Wiesbaden
Phone: + 49/611/716 547 920
uwe@rosmanith.de
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