Aeon Fantasy Co., Ltd

Franchising Opportunity Aeon Fantasy in Vietnam
Available after connect
Industries
Entertainment/Movie Production
Space Required
Min.100m2
Investment Required
USD 1M$ to $2M
About

Aeon Fantasy Co., Ltd

Established in 1758, Aeon is one of the largest retail trade groups in the world with 179 domestic and foreign joint ventures in Japan.

In Vietnam, Aeon officially started operations in 2009 in the form of a Representative Office. On October 7, 2011, Aeon Vietnam Co., Ltd. was officially established with a charter capital of 192.38 million USD.

The main business activity of Aeon Vietnam is to invest in the construction, organization, management and sales of modern shopping centers, department stores and supermarkets. In addition, Aeon conducts other business activities related to import and export, trade and research.

As soon as it entered Vietnam, Aeon has recorded bold imprints in the retail industry. In 2011, Aeon launched the Ministop convenience store chain through a franchise form with the association of Trung Nguyen Group.

At the end of 2014, Aeon suddenly announced to buy a 30% stake in Fivimart and a 49% stake in Citimart, two major supermarket chains in Vietnam, one in the north and one in the south. In the same year, Aeon also opened two shopping centers, Aeon Mall Celadon in Tan Phu, Ho Chi Minh City and Aeon Mall Canary in Binh Duong.

In the first year of operating shopping mall chains, Aeon Vietnam achieved a revenue of nearly 1,300 billion dong but reported a loss of 112 billion dong.

In 2015, Aeon Vietnam continued to open Aeon Long Bien in Hanoi and in 2016, Aeon Binh Tan in Ho Chi Minh City, bringing the total number of Aeon Mall shopping centers in Vietnam to 4.

Along with the expansion of the shopping mall system, Aeon Vietnam's business results have also improved year by year.

In 2016, Aeon Vietnam's revenue increased to 3,883 billion, 3 times higher than 2014. Not only that, Aeon Vietnam no longer had a loss like the first year of operating Aeon Mall chain, but recorded 54 billion dong of profit before tax.

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Disclaimer: Inconnects is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither Inconnects represents nor guarantees that the information mentioned above is complete or correct. Note that Inconnects is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on Inconnects.
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