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Aeon to target Peninsular Malaysia in mall expansion

Aeon Co plans to open more malls in West Malaysia in the next three years. The Star said  this comes after the Malaysian retail market saw an improvement in consumer sentiments compared to last year.

The brand recently opened its sixth mall in Johor Baru at Bandar Dato’ Onn, and plans to open one or two more soon. Aeon Co’s executive director Poh Ying Loo said the company will be investing over RM300 million to open a mall in Kuching in Q2 2018, and declined to reveal more details about the potential malls in Peninsular Malaysia.

According to Poh, Aeon remains optimistic about the country’s retail market amidst the demanding landscape since last year, as consumers have been spending carefully. He added that although there will be more players in the market in future, there should still be enough business opportunities for now.

A+M has reached out to Aeon for comment.

In July, Aeon Co was selected as one of the licensees for four of Mass Rapid Transit Corporation’s (MRT Corp) stations on the Sungai Buloh-Kajang, as part of the station naming rights programme. According to the press statement, the programme allows a licensee to be awarded the right for its name, logo or product brand to be associated with a particular station by having it prefixed to the station’s name. As such, Maluri station will be rebranded as Aeon-Maluri.

 

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