KUALA LUMPUR: Malayan United Industries Bhd (MUI) has set plans to develop an integrated transit-oriented development (TOD) in Bandar Springhill in Seremban with a gross development value of RM440 million. With 1,084 acres of landbank in Bandar Springhill, the company expects between 10 per cent and 15 per cent capital appreciation for the TOD, supported…
KUALA LUMPUR (April 30): Malayan United Industries Bhd (MUI) has confirmed a news report that it is putting its Corus Hotel Hyde Park in London up for sale. Britain’s The Times newspaper reported yesterday that MUI has appointed international investment bank N.M. Rothschild & Sons Ltd as its financial adviser for the sale. In a…
SINGAPORE: Laura Ashley, the British home furnishings and fashion retailer best known for its signature floral prints, is optimistic that China will be the “right market” as it turns to Asia with hopes of rejuvenating falling sales and profits. Its foray into one of the world’s biggest consumer markets, alongside other plans in Asia, will…
Long known for its pastoral English garden-inspired prints, iconic fashion and home decorating brand Laura Ashley is relying on technology far beyond its Victorian-era esthetic to grow its global online business. The company said it will partner with Oracle (NYSE:ORCL) Commerce Cloud to support its growing online presence and create an integrated customer experience across…
Laura Ashley Holdings Plc has announces that its chairman Tan Sri Dr Khoo Kay Peng has retired and is stepping down with immediate effect. Tan Sri Dr Khoo, who has been chairman for the UK brand since 1999, will be replaced by Andrew Khoo Boo Yeow, Non-Executive Director of the Company and current Executive Chairman…
Retailer Laura Ashley is set to close 40 of its stores as it pays its attention to expanding its market in China. The company’s new chairman said he expects to reduce the number of UK stores from 160 to 120. Andrew Khoo said that he wanted larger stores to “showcase the brand.” He added that…
PETALING JAYA: Prominent Malaysian corporate captain Tan Sri Khoo Kay Peng is retiring as executive chairman of Malayan United Industries Bhd (MUI) after having helmed the company for four decades. He has been succeeded by his son, 46-year-old Andrew Khoo Boo Yeow, who assumed the role of group CEO on Jan 1 this year. Under Khoo’s stewardship,…
KUALA LUMPUR: Tycoon Tan Sri Khoo Kay Peng (pic) has resigned as the executive chairman of Malayan United Industries Bhd (MUI), after more than four decades of helming the company, and will be replaced by his son Andrew Khoo Boo Yeow. In a statement yesterday following the announcement of the resignation, MUI said Boo Yeow…
KUALA LUMPUR (Dec 14): Malayan United Industries Bhd (MUI)’s new executive chairman Andrew Khoo Boo Yeow, who is the second oldest son of its former chairman Tan Sri Khoo Kay Peng, says he will consider selling the group’s assets, even its prized ones, if it makes business sense. This would differ from the stance of…
Tan Sri Khoo Kay Peng announced his retirement as Malayan United Industries Bhd (MUI) executive chairman yesterday after helming the company for four decades. Concurrently, his son, Andrew Khoo Boo Yeow, has been appointed by the MUI board as the company’s executive chairman after assuming the role of Group Chief Executive Officer from Jan, 1, 2018.…