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Korean conglomerate Lotte is launching its fast-food chain Lotteria in Mongolia. The brand’s restaurant franchise unit, Lotte GRS, will open its first location in the capital city of Ulaanbaatar and increase outlets to 10 over the next four years. The move…
Japanese restaurant chain Pepper Lunch plans to open its first store in Mongolia next year, as part of its global expansion strategy. The brand has signed a franchise deal with local distributor Bluemon Group, making Mongolia its 17th country. “We signed a…
South Korean chicken burger chain Mom’s Touch&Co. said Tuesday it inked a master franchise agreement with Mongolia’s Foodville Farm LLC, in its first steps to enter the central Asian country. Foodville Farm is an independent company established by the local…
At Asia Tech Singapore 2022, HE Bolor-Erdene Battsengel, State Secretary, Ministry of Digital Development and Communications, Mongolia, took to the stage to share her views on the changing roles of women in tech with fellow guest panellists. Digital…
SLA Digital has announced a new partnership with Unitel Group, a Mongolian telecommunications company, with Unitel naming SLA Digital as their managed service provider for carrier billing. As part of the relationship, SLA Digital will also be able to offer…
Tealive parent Loob Holding, is planning an IPO to fund ‘aggressive expansion’. The company is looking to open 1000 Tealive stores in 15 countries by the end of next year. Along with another 150 new outlets in India by 2024. China is still its focus market,…
Chinese online retail giant JD has opened two new innovative stores at Beijing Capital International Airport (BCIA) and Hohhot East Railway Station in Inner Mongolia. In a move to further expand the firm’s “boundaryless retail” strategy, the JD travel retail…
Mongolia recently got its second E-mart, the discount chain of Korean retail giant Shinsegae. Unlike the first store, which has its own building, the second store is renting 5,000 square meters on the first and second floors of the Solo Mall in western…
Little Sheep Hot Pot, a Yum Brands Inc. company, yesterday signed a partnership agreement with HGB Food Industry Co. Ltd. to bring its Mongolian hot pot restaurant to Cambodia. HGB Food Industry is a subsidiary of private local investment company HGB Group,…
Korean bakery Tous les Jours has opened its first stores in Mongolia as it broadens its Asian footprint. Two Tous les Jours Mongolia shops have opened in Ulaanbaatar in what the company sees as another step in its plan to become a global bakery brand. Besides…
DHL Global Forwarding has launched road and multimodal freight services linking Mongolia to Europe and the US. The new road connection to continental Europe has a transit time of less than 20 days and passes through Russia and Belarus. It supports different…
SPAR, the world’s largest food retail voluntary chain, has announced a new partnership with conglomerate Max Group LLC, to open its first stores in Mongolia. The partnership, which will see up to 60 SPAR-branded multi-format stores in Mongolia by 2020, was…
QKL Stores a regional supermarket chain in Northeastern China and Inner Mongolia, has announced improved sales, but lower profit in the second quarter. Zhuangyi Wang, chairman and CEO, said the company had boosted its promotional activities in existing stores…
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