Retail major Mobile World continues store closing spree

Retail major Mobile World continues store closing spree

Retail major Mobile World has placed at least four of its chain store brands on its restructuring chopping block, with fourth quarter closures possibly reaching 200 outlets.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Mobile World reports $140 mln profit in 9 months

Mobile World reports $140 mln profit in 9 months

The Mobile World Investment Corporation recorded after-tax profits of VND3,483 billion ($140 million) in the first nine months of the year, up 4% year-on-year, fulfilling 55% of the year's plan.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Mobile World to sell 20% stake in $1.5 bln grocery retailer

Mobile World to sell 20% stake in $1.5 bln grocery retailer

Vietnamese retail giant Mobile World Investment Corp. is seeking the sale of up to 20% of its grocery unit Bach Hoa Xanh in a deal expected to value the chain at more than $1.5 billion.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Retail major MWG expects 50% online sales growth

Retail major MWG expects 50% online sales growth

With its Omni-channel retail strategy, Mobile World Investment Corporation (MWG) expects online sales to continue growing by 50% in 2022 and increase its contribution in total revenue to 15%.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7