Tim Hortons Philippines to open
LOCAL NEWS
SM Megamall announces exciting new expansion
SM Megamall is still at the heart of a mall revolution even after 25 years since opening its doors to the public . As the third mall of retail pioneer Henry Sy , Sr ., SM Megamall has evolved into one of SM ’ s most versatile developments , poised to redefine the shopping landscape with an exciting new expansion .
Rising on the lot beside the recently launched Mega Fashion Hall is a 50-storey office tower spanning over 170,000 square meters of gross floor area which is targeted for completion in 2019 .
“ SM has always been about innovation . This will be a modern and well-designed tower with huge surprises on the retail side . It will be very exciting ,” SM Supermalls Senior Vice President Steven Tan said .
The design of the new tower is a curvy S-shape that represents the next step in the architectural evolution of the mall , shared Architect Fides Hsu , SM Engineering Design and Development Corp . Vice President for Design . The interior will be modern and corporate , and will take its cue from the tower ’ s architecture .
Mega Fashion Hall was unveiled in 2014 which redefined the mall ’ s market reach and
SM Prime appoints Jeffrey Lim as new president
SM Prime Holdings Inc announced Monday the appointment of Jeffrey Lim as the company president , replacing Hans Sy .
Currently the executive vice president of SM Prime , Lim ’ s appointment will take effect on October 1 , 2016 . Sy , however , will still continue to be involved in SM Prime ’ s overall strategic direction as director and chairman of the executive committee .
Lim is also the president of SM Development Corp . He was elected to the board of directors of SM Prime in April 2016 . He is also a Director of Pico de Loro Beach and Country Club Inc and holds various board and housed the flagship store of H & M as well as one of the biggest Zara and Uniqlo stores in the country . It was also the launch pad of furniture powerhouse Crate and Barrel . Michelin-star restaurants like Tim Ho Wan and Din Tai Fung also found their way to the new hall . Designed like a semi-circular drum with a wedge-shaped atrium facing EDSA , the new hall ’ s exterior design was inspired by bar codes . “ With Mega Fashion Hall , it attracted an even wider market , ultimately changing the customer mix of Megamall ,” Tan said . With the opening of Mega Fashion Hall , the mall expanded to a total of 474,225 sqm making it one of the largest in the country .
executive positions in other SM Prime ’ s subsidiaries .
A member of the management board of the Asia Pacific Real Estate Association , Lim is a certified public accountant and holds a Bachelor of Science degree in Accounting from the University of the East .
Prior to joining SM Prime in 1994 , he worked for a multi-national company and SGV & Co .
Deal Street Asia , 07 / 01 / 16
EPR Retail News , 08 / 17 / 16
Tim Hortons Philippines to open
Restaurant Brands International has announced plans to launch its Canadian coffee chain in the Philippines .
Tim Hortons Philippines will join the network of one of the largest quick service restaurant companies with about US $ 23 billion in sales and more than 19,000 restaurants worldwide .
“ This agreement signals an exciting era of growth for the Tim Hortons brand internationally and particularly in Southeast Asia ,” said Daniel Schwartz , CEO of Restaurant Brands International .
“ The master franchise joint venture model has been a successful strategy for the Burger King brand and we expect it will continue to help us drive growth and build scale for the Tim Hortons brand over the long-term ,” said Schwartz .
“ In Canada , the Tim Hortons brand has reached an iconic status and now we ’ re looking to further expand our global footprint by bringing our signature coffee and products to the Philippines ,” said Elías Díaz Sesé , president of Tim Hortons .
“ We are working with partners who have a deep understanding of the Philippines , which we believe will position them well for success in developing and growing the brand in the region .”
Enrique Yap , CEO of TH Coffee Services Philippines Corporation said “ Canada ’ s favourite coffee will be a welcome addition to the market and we look forward to serving our guests across the Philippines .”
Inside Retail Philippines , 07 / 29 / 16
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