Foreo strikes partnership with IPPG to expand Vietnamese travel retail network – The Moodie Davitt Report

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Foreo and IPPG are set to open 29 new counters throughout 5 home retailers and 24 airports in Vietnam this 12 months

VIETNAM. Swedish magnificence know-how firm Foreo has struck a partnership with Pan Pacific Group (IPPG) to expand the model’s travel retail network in Vietnam.

The partnership will see new Foreo placements at Tan Son Nhat Airport, Landmark 81 Division Retailer in Ho Chi Minh Metropolis, Trang Tien Plaza, Noi Bai Airport, and Da Nang airport in Hanoi.

The companions plan to open 29 counters — throughout 5 home retailers and 24 airports — in Vietnam this 12 months.

Pan Pacific Group (IPPG) is a pioneer in luxurious retail in Vietnam.

It was based by Jonathan Hanh Nguyen in 1985 and occupies 70% of Vietnam’s luxurious market.

Its portfolio consists of over 108 worldwide status manufacturers equivalent to Cartier, Bvlgari, Salvatore Ferragamo, Burberry, Versace and Dolce & Gabbana.

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Foreo is opening counters at Tan Son Nhat Airport, Landmark 81 Division Retailer, Noi Bai Airport, Da Nang Airport and Trang Tien Plaza

Since its institution, IPPG has acquired 17 subsidiaries and 18 joint ventures together with the licence to function at airport obligation free shops with DFS and Lotte Obligation Free. IPPG at present operates in 38 shops throughout 5 airports in Vietnam.

Subsidiary IPP Travel Retail operates a variety of shops, meals & beverage retailers and promoting companies at Tan Son Nhat, Noi Bai, Da Nang and Phu Quoc airports in addition to land border obligation free retailers.

As reported, South Korean travel retail big Lotte Obligation Free signed a contract with IPPG to open a 1,598sq m obligation free retailer on the upscale Trang Tien Plaza within the centre of Hanoi final December.

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IPP Travel Retail runs a various array of airport business companies, together with retail, meals & beverage and promoting, plus obligation free border shops

Commenting on the partnership, Foreo International Travel Retail Director Gary Leong mentioned: “We’re completely thrilled to be partnering with such a big participant in Vietnam’s travel retail trade. As a pioneer of the Vietnamese luxurious market, IPPG positively has the expertise and know-how to carry our beloved model to changing into a pacesetter within the native market.

“It’s certainly an ideal match, and Foreo will work hand-in-hand with IPPG in its enlargement this 12 months to develop over 29 retail placements in Vietnam.”

“We’re delighted and excited to be chosen as a travel retail accomplice of Foreo in Vietnam,” commented IPP Travel Retail CEO Phillip Nguyen. “We’re excited for the chance to develop the demand for Foreo via IPP Travel Shops in 5 main home retailers, and shortly in 24 home airport counters.”

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Foreo International Travel Retail Director Gary Leong says that IPPG is “an ideal match” for the model and hopes to leverage IPPG’s luxurious retail know-how to successfully seed Foreo within the Vietnamese market