Asia TFWA WE October 2019

Prestige Supplies Inc

Prestige Supplies Inc has increased its focus outside the core categories to develop its business

Business is booming for PRESTIGE SUPPLIES INC The power of regional understanding and effective supply routes is at the heart of strong growth for retailer Prestige Supplies Inc as it eyes the continued growth of its travel retail operations in Indo-China

“T

by CHRIS MADDEN

hink big, act fast” is the ethos of Prestige Supplies and the company is reaping the rewards of combining a global outlook with regional understanding as it reports double-digit growth for its operations across Indo-China.

Prestige Supplies Inc’s business in Indo-China has grown double-digits

16 ASIA DUTY FREE & TRAVEL RETAILING OCTOBER 2019

Founded in 2007, with the opening of its first travel retail store in Mongolia, the company grew fast, adding eleven stores across three countries in the next seven years. Prestige Supplies Inc is now number one in the Mongolian travel retail market and is one of the top border store retailers in the region.

Mongolia remains the company’s biggest market, with airport, diplomatic and border shops, but Prestige has also seen impressive growth from its operations in Bavet, Cambodia and Boten in Laos.

Like much of the travel retail market, the region’s operators are seeing the benefit of increased traffic from the wealthy and high-spending Asian travellers, with an influx of Chinese and Japanese tourists visiting the stores.

“The business for all our operations across Indo-China is experiencing a double-digit growth which is very promising and encouraging,” says Tania D’Souza, General Operations and Marketing Manager for Prestige Supplies’ parent company Oriental General Trading Inc. “Our duty free stores based in Bavet in Cambodia, Boten in Laos and across Mongolia have seen a significant increase in tourist traffic and the influx of Chinese, Korean, Japanese invest-